Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Bridge Financing & Loans
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
A bridge loan is a mortgage product that offers a bridge between financing options. Bridge financing is often used to provide funding in the period between the sale of one property and the purchase of another. It is a short term financial solution that can allow you to continue the process of moving or buying a home, despite your need to complete the sale of the existing property.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Bridge Financing Made Easy with Brokers For Life There are a number of reasons why getting a bridge loan can offer you greater financial freedom throughout the home purchasing process. A Brokers For Life mortgage associate can go over the benefits specific to your situation.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
The Advantages of a Bridge Loan
When you are buying one home while selling another, it can be hard to determine how to handle the down payment for the next property. A basic loan or even a second mortgage may take too long to get approved for, and the interest rate might be quite high.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
There are a number of advantages to bridge loan financing: -Gives you more time to complete your move to the new home: it gives you the money you need to cover down payment for the next property without having completed the sale of the existing property. - It can sometimes take longer to complete the sale of your existing home, which can cause unnecessary stress — making the home sale process seem overwhelming. - Even if you are able to cover two mortgages for a short while, a bridge loan can help keep your savings in place, should you need the money for whatever reason.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
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Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca