Bridge Financing and Financial Services

Bridge financing, is also known as a bridge loan, it is a short-term loan that “bridges” the gap between the purchase of a new home or property, and the pending sale of a current or existing home or property.

The way to look at it is that the untapped equity will already move to the new purchase before the old current home has been sold, so in a real world scenario a bridge loan is needed where the closing of the purchase is before the sale of the current home.

Some bridge loans can be structured to fully pay off the existing mortgage at the bridge loan’s closing, there are many variations of a bridge loan, they are usually a shorter term, for instance 6 months.

The bridge loan are an open type loan, meaning that the loan can be paid in full without any penalties.

Let our mortgage agents at Silver Maple Mortgages, help you with bridge financing to cover the closing costs on new purchase, plus the down payment across. There are some additional lender requirements as in their needs to be an accepted offer on a qualifying property. Let our Bridge Financing specialists help you put the bridge loan in place.

Financial Services

We at Silver Maple Mortgages pride ourselves in bringing the whole package to our clients. We build relationships with our clients to go further than mortgages, talk to us to realize your dreams with regards to investing in real estate, any kind of real estate, being a second home or a lake retreat, here in Canada or abroad. We have access to many different financial service providers offering loans credit cards, short term, long term loans, private financing, difficult to place financing.

Please speak with us about your individual needs, and we work diligently to find solutions.