Bridge Financing in the GTA: Buy Your New Home Before Selling
Posted by Maryann Quenet on
Ever found yourself in that exciting yet slightly stressful situation of buying a new home before selling your current one? It's a common scenario, especially in the fast-paced real estate market of the Greater Toronto Area (GTA). You've found your dream home in Oakville or perhaps a trendy condo downtown, but your existing property in Mississauga hasn't sold yet. How do you bridge this financial gap?
Enter bridge financing, a short-term loan designed to help you do just that. It acts like a financial stepping stone, allowing you to purchase your new property while you wait for the sale of your current home to close.
This blog post will delve deep into the world of bridge financing, explaining what it is, how it works, who it's for, and the key…
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