Buy Your Next Home Before Your Current One Sells
Buy Your Next Home Before Your Current One Sells
Bridge financing helps Ontario homeowners access the equity in their current property before the sale closes, giving them the funds needed to purchase their next home without delays.
Also known as a bridge loan, this short-term financing solution โbridges the gapโ between buying a new property and receiving the proceeds from your existing home sale.
Fast Access to Equity
Use your home equity before your current property sells.
Flexible Short-Term Financing
Financing tailored to your closing timeline.
Buy With Confidence
Secure your next property with confidence.
How Does Bridge Financing Work in Ontario?
Apply Online
Complete a simple bridge financing application.
Get Approved
Receive a fast approval based on your home equity.
Access Your Funds
Use the funds toward your next home purchase.
Bridge Loan Solutions in Ontario
If youโre a homeowner looking to make your next real estate move, but your current home has yet to sell, you may be struggling to secure the capital you need to take that next step.
Burke Financial is an award-winning mortgage broker specializing in residential bridge loans. We work with Canadaโs largest network of mortgage broker partners, which allows us to provide bridge financing options at the best rates across Ontario.
If youโre planning to buy a new home and need access to funds as you await the sale of your current property, our team of experts will set you up with a competitive bridge home loan while you wait for your current home to sell. We will find the best possible loan rate from our vast network of banks and credit unions.
We offer bridge financing throughout Ontario.
Frequently Asked Questions
A power of sale happens when a lender takes steps to sell your property after missed mortgage payments. Unlike foreclosure, the process moves quickly, and homeowners may lose their property within weeks if no action is taken. learn more here.
Yes. You can stop the power of sale by paying the arrears, refinancing with a new lender, or arranging alternative financing. At Burke Financial, we specialize in helping Ontario homeowners access funds fast, often within 24 hours, to halt the process.
In Ontario, lenders can start the power of sale process after as little as 15 days of missed payments, and formal notices usually follow within 30โ45 days. Acting quickly is critical; the earlier you respond, the more options youโll have.
No. Many banks wonโt approve financing during a power of sale. Burke Financial works with alternative lenders who approve based on your homeโs equity rather than credit score, so you still have options even with past missed payments.
Common options include: Home equity loan to cover arrears, secondย mortgage to consolidate and catch up on payments, Bridge financing if youโre selling and need time.
Our team helps you choose the fastest and most effective solution to protect your home.
