Axis Mortgage Inc.
Bridge Financing
Bridge financing may help qualified homeowners cover a short timing gap between buying a new property and receiving sale proceeds from their existing home.
Understanding your options
When bridge financing is used
When bridge financing is used can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Firm sale requirements
Firm sale requirements can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
How long it lasts
How long it lasts can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Costs and interest
Costs and interest can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Planning closing dates
Planning closing dates can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
A mortgage should fit the bigger picture
The lowest advertised rate is not always the only consideration. Prepayment terms, lender fees, penalties, qualification rules and your longer-term plans can all matter. I can help you compare available solutions and understand the terms before you decide.
Serving clients across Alberta. Salvatore Forte is a Mortgage Planner with Axis Mortgage Inc.
Frequently asked questions
Can I find out what options may be available before applying?
Yes. A conversation about your goals, property, income, credit and available equity or down payment can help identify which lender categories may be worth exploring.
Does every lender use the same rules?
No. Mortgage qualification, documentation, property requirements, rates and fees can vary by lender and product.
Will I automatically qualify?
No. Mortgage approval is subject to lender criteria, verification of the application and the property. The goal is to identify realistic options and explain the trade-offs.
Want to discuss your mortgage options?
Tell me what you are trying to accomplish and I’ll help you understand possible next steps.
Contact Sal