So you've found a new home but move in before you receive the sale proceeds from your current home? Not a problem if you don't need to use the sales proceeds for your down payment but what if you do? Read on to see if Bridge Financing is an option for you!
Homeowners who are selling a property at the same time as buying, are often the least serviced customers in the mortgage industry. If you are both buying and selling your home, you are now managing TWO transactions instead of one and should contact a Mortgage Broker to have a thorough discussion of your mortgage plan and goals.