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Bridge Financing

Tuesday, 27 October 2020 / Published in

Bridge Financing

A short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. You would need bridge financing if you were stuck in a situation where the closing date for the home you’re purchasing is before the closing date of the home you’re selling, leaving you without a down payment for the new home because it’s tied up in equity

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Prairie West Mortgage Group Inc. provides advice and solutions for clients wishing to acquire new mortgages with competitive market rates. Products range from mortgages, lines-of-credit and mortgage life & disability insurance plans. We are a mortgage solutions team powered by Axiom Mortgage Solutions.

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