How Does a Mortgage Bridge Loan Work?
Channel: Arise Mortgage - John Lee Mortgage Broker
Date: 2023-03-02

What is a mortgage bridge loan? How does it work? Does it actually include a bridge? 😅 If you're looking for a loan between the closing date of the property you're selling and your new property, let's talk about it! 

0:00 Introduction 
0:53Should I sell first or buy first? 
1:52 Set the completion date of the sale before the completion date of the purchase
2:41 Bridge Loan
3:15 Firm sale agreement


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John Lee, a Mortgage Broker based in Canada, shares ways to be approved for a mortgage, home buying tips, and other mortgage-related stuff. If you're considering purchasing a home or refinancing your existing property, make sure to subscribe for helpful content-rich videos.

He is a licensed Mortgage Broker, author of The Ultimate Mortgage Guide, and the President and CEO of Arise Mortgage. He's been in the financial and real estate industry since 2006. Before becoming a Mortgage broker, he worked at various big banks and a real estate company that involves property management and large real estate acquisitions. He has helped hundreds of families with a mortgage and one of the most fulfilling parts of my job is working with first time home buyers and securing their dream home.

If you have any questions or would like to connect with me, below is John's contact info:

604-722-8404
john@arisemortgage.ca

Thanks for watching!


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