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You’ve found the perfect place and want to act. Say you’ve found a new place before your current home sale closes. You don’t have to let your dream home slip away. With bridge financing, you can be empowered to make an offer when you’re ready.
You can’t afford a down payment without the money from your current home. When you’re selling a home, timing doesn’t always work out perfectly. If you need some extra cash to make a down payment on your new home, bridge financing can help cover the difference until the sale closes on your current place.
You want time between closing dates. Maybe you want to move into your new home before your current home closes, for instance, to do some renovations. In that case, bridge financing may be an option to consider.
At TD, we want to help you be prepared for whatever the home buying process throws your way, whether its bridge financing or something else. Chat with one of our Mortgage Specialists who are ready to answer any questions you may have, so you can feel good about your next move.