Glossary · Financing
What is Bridge financing?
Bridge financing is a short-term loan that covers the gap when your new home closes before your old one sells.
Definition
When your purchase closes before your sale, bridge financing lets you access the equity in your current home to complete the new purchase. It's repaid once your existing home sells.
It's a useful tool for avoiding a double move or rushed sale, though it carries short-term interest and fees.
When bridge financing matters
- Buying before your current home sells
- Avoiding a temporary move
- Closing two transactions smoothly
With Homeprint
How Homeprint helps with bridge financing
Homeprint keeps both homes' records organized during a move, so nothing falls through the cracks.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Bridge financing — FAQ
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