In this post I am going to talk about mortgage bridge loans, used for buying another property before your current property sells. We’ll cover what bridge loans are, and the difference between purchasing a home with and without a bridge loan. Let’s get started! What is Bridge Financing in Canada? In Canada, bridge financing means acquiring a loan that’s …
Planning to Buy & Sell a Home Simultaneously? Read This First
It’s the million-dollar question: Should I sell my current home before buying a new one? There are many factors to consider when choosing to buy and sell your home in one fell swoop. While there are risks and challenges involved, as with many processes, your greatest success rate often comes down to being prepared. Financial considerations One of the …