Moving can be complicated…

When you decide to move it can be a difficult task. When buying and selling a home you will probably require bridge financing. If you work with a Mortgage Broker we can take care of all of this for you while guiding you through the process smoothly. Plus, we are absolutely free. For any questions or concerns pleaseĀ Contact Me.

The process

When you finally decide that you are ready to move, we are here to help! The initial decision you will have to make is whether you want to buy or sell your home first. This is a crucial decision as it can increase how long you may require bridge financing. Additionally, there might be terms in your original mortgage that can help you save significantly and possibly even avoid incurring the penalty for breaking your mortgage. Once you have spoken to your Mortgage Broker and have put a plan in place, the rest of the process should run smoothly.

Bridge financing

Bridge financing is a short term loan that will help you access funds for a down payment if all your current funds are tied up in your home. There is typically a restriction on how long or how much bridge financing you can receive. In addition, there is an administration cost that the lender will charge.

Planning ahead

While purchasing your home you might find it advantageous to consolidate debt our take out a home equity line of credit. This is another reason that speaking to a Mortgage Broker might help you with the purchasing process. For a free consultation please Contact Me.

Going above and beyond

We will provide all clients with documentation regarding everything they need to know about the moving process. This will include things such as relevant phone numbers that need to be contacted, such as Kitchener Utilities. This is to help ensure that your move is as seamless as possible.