2023-04-13 | 08:55:50

Who needs a bridge loan?

Anyone who has sold their home and bought another one, but the purchase completes before the sale.

This means the money from the sale won't be available in time, so bridge financing (aka a bridge loan) is a short-term loan that allows you to complete the purchase, and pay off the bridge loan when the sale completes.

·         What do bridge loans cost?

·         Can I get a bridge loan for as long as 6 months?

·         Can I get a bridge loan if my place has not yet sold?

·         Can I use a bridge loan to finance renovations on my new home?

Kevin can handle all these questions....and many others!