Oakville Real Estate News

Bridge Financing


Blog by Joette Fielding | December 1st, 2017


Bridge financing.jpgIt’s amazing when life seems perfectly aligned. You win a new car just as your old car breaks down, the love of your life shows up precisely when you’ve decided you’re ready to settle down, and you close on the sale of your home on the exact same day when your new home purchase closes. Right? More like ya right!

Sometimes, perfect alignment can be just as illusive in real estate as it is in the rest of your life. So, you need to have a financial bridge in place that keeps you afloat when you move from one home to another. That’s literally where bridge financing gets its name.

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