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Bridge the Gap Between Selling and Buying When your new home’s closing date arrives before you’ve received the proceeds from...
Takes 30 seconds. No credit check required.
When your new home’s closing date arrives before you’ve received the proceeds from selling your current home, bridge financing covers the gap. Mortgagefy arranges short-term bridge loans so you can close on your new property with confidence, without the stress of carrying two full mortgages or scrambling for cash between closings.
A bridge loan is a short-term financing solution that provides temporary funds when there is a timing gap between the closing of your new home purchase and the sale of your existing home. The loan covers the down payment and closing costs on your new property until your sale proceeds are available. Bridge loans typically range from a few days to six months and are repaid automatically when your existing property sale closes.
Homeowners who have a firm sale agreement on their current property but a closing date that falls after the purchase date of their new home. Buyers with strong equity in their current home. Clients whose sale and purchase dates overlap or have a gap of up to six months. Even borrowers with non-traditional lending situations can access bridge financing through our private lender network.
Avoid the stress of carrying two mortgages simultaneously. Close on your new home without waiting for your existing sale to fund. Short-term commitment — typically days to a few months. Automatic repayment from your property sale proceeds at closing. Available through banks, credit unions, and private lenders depending on your situation and timeline.
You provide us with the closing details for both your sale and purchase. We arrange the bridge loan to cover the gap, typically at a rate of prime plus 2% to 5% depending on the lender and term. The loan proceeds fund your purchase, and when your sale closes, the lawyer repays the bridge loan automatically from the sale proceeds. Setup fees are typically $400 to $500 plus legal costs, which are deducted from proceeds.
Tell us about your situation. We review your needs, goals, and financial picture — quick and confidential.
We compare rates and terms from our network of banks, credit unions, B-lenders, and private lenders to find your best match.
Once you choose your best option, we handle the paperwork and guide you through to funding — fast and stress-free.
Fully licensed and regulated in Ontario. Your interests are legally protected.
Clear terms, honest guidance, and a dedicated agent working to get you the best deal.
Pre-approvals in 24 hours. Private lender funding in as little as 48 hours when time is critical.
We shop your application across banks, credit unions, B-lenders, and private lenders Canada-wide.
Get a personalized rate quote in under 60 seconds. No hard credit check required.
Fully licensed, operating under 8Twelve Mortgage Corporation (Lic#13072).
Access to Canada's largest network of banks, credit unions, B-lenders, and private lenders.
Get a response within 2 business hours. Many approvals within 24-48 hours.
Expert guidance with zero pressure. We work for you, not the banks.
A licensed mortgage agent will personally review your situation and call you back within 2 hours. No pressure, just expert guidance.
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Mortgage services provided by 8Twelve Mortgage Corporation, licensed mortgage brokerage (Lic#13072).
Have questions about your mortgage options? Book a quick call with a licensed agent — no pressure, no obligation.
