1 / 10

What is a Bridge Financing?

Bridge/Interim Financing is a loan made to work with the purchase of your home prior to the offer of your current home where you plan on utilizing the deal continues from your current home to finish the purchase of your new home.

LD
Télécharger la présentation

What is a Bridge Financing?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bridge Financing: The Smart Way to Sell a Home

  2. Bridge financing also called break financing, is a temporary unstable credit that helps homeowners "bridge" the gap between the time your existing home is sold and your new property is purchased. It permits purchasers to use the equity in their present home as an initial installment on their new one. What is Bridge Financing?

  3. Advantages of a Bridge Loan Flexibility by giving you extra time to sell your current home; Decreased pressure by making an effort not to move your entire home in one day;

  4. Advantages of a Bridge Loan Permitting you to purchase another home before your present home sells; Giving you extra assets to redesign or improve your new home before moving in.

  5. Disadvantages of a Bridge Loan- Wide varieties in terms, conditions, and expenses relying upon the lender; Higher loan fees than conventional home loans; and Higher danger as you are at risk for an advance with a higher financing cost without an assurance that the offer of your home will close during the existence of the credit.

  6. How do I Obtain Bridge Financing? Before purchasing your new home, you ought to talk with your real estate lawyer Toronto to clarify the expenses, financing costs, and conditions that apply to bridge financing. Also, you should confirm whether you have the equity or service to support the obligation to meet all requirements for bridge financing.

  7. Legal Help with Bridge Financing

  8. Bridge financing can be a helpful brief financing solution that can give true peace by permitting you to borrow against the worth of your present home in securing your new home. Real estate lawyers of LD Law, advise clients on bridge financing. Connect with our real estate lawyers to get the best legal advice-

  9. Phone number-1416-747-9900 Address-1551 Bloor Street West Toronto, Ontario M6P 1A5, CA Website- https://www.ldlaw.ca/real- estate-lawyer-toronto

  10. Thank You...

More Related