BRIDGE FINANCING
Closing on a new home while your current one hasn't sold yet is one of the most stressful positions a buyer can be in and it happens more than people realize. Bridge financing exists specifically to solve this problem, giving you the financial runway to close on your purchase before the funds from your sale arrive. To qualify, you need two firm deals in place: a sold home with no conditions, and a confirmed purchase with any conditions fulfilled or waived. No exceptions. The loan is typically secured against your property as a second mortgage, typically costing $50–250 per day plus a setup fee, so short-term use is key. If you're looking for an stress-free transition into your new home, Andrew can walk you through exactly how to structure it so nothing falls through the cracks.
