Bridge Financing Discussions, Offers & Promotions

Search found 6 matches. Go to advanced search

  • Posts
  • Forum
  • Post By

  • Bridge financing rates

    Hi, I am wondering if anyone had success in negotiating bridge financing rates? It appears the bridge rates are hovering around 5-6% Can someone explain how a HELOC can reduce the bridge amount? I assume it's because I can use equity in my current house ...

  • TD Bridge Financing Fee

    Hi There, Does anyone know what the bridge financing fee for TD is? We need to bridge about $110,000 and were quoted ~$750. I'm trying to decide if I should borrow half the amount needed from family to lower that $750. However, if the flat ...

    • Toyo613
    • May 21st, 2019 6:51 pm
    • Forum: Real Estate

  • Bridge financing for downsizing

    ... large mortgage or loan. -HELOC on existing home to pay the cost of new home? (Lenders won't seem to provide sufficient loan amount) -Some form of bridge financing? Would a lender provide bridge for the full value of a home? -Open Mortgage on new home that would be paid off after selling existing ...

    • espx
    • Apr 28th, 2018 8:25 pm
    • Forum: Personal Finance

  • Bridge Financing Length

    I will try to keep this quick. What's the traditional length I can use bridge financing for? I'm with Scotia currently. I'm wondering whether I could buy a new home and do a big reno over 2-4 months, while living in my own. I have a very good LOC to handle ...

    • Saleshrink
    • Oct 30th, 2017 9:45 pm
    • Forum: Real Estate

  • Question about Bridge Financing

    Want to confirm my math. Let's say I close on my new home on Oct 1. Mortgage is $440,000. My old home closes on Oct 7th. I need bridge financing to cover the gap. For those 7 days, would I pay approx My math is calculated as $440,000 x 4% = $17,600. 365 days / $17,600 = $48.22. Total bridge ...

    • mkerian
    • Aug 18th, 2016 11:41 am
    • Forum: Personal Finance

  • Advice needed on buying new home with two existing mortgages and homes

    ... dates so that I can port my mortgage over to the new property if I don't want to cancel and pay penalty? I understand I may need to apply for bridge financing if we buy before we sell. But how can you get approved bridge financing without a firm sale? If I like and want to offer on a house ...

    • morpheiz
    • Jun 24th, 2014 3:02 am
    • Forum: Personal Finance

Trending Hot Deals