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The Problem

Why Banks Say No

You've found the perfect new home. The kitchen is exactly what you're looking, the shop is perfect, and and while not a total downsize, it's still a lot more managable. The only issue is, you haven't even listed your current home yet. You own your home outright, and you won't need a mortgage on the new place once the dust settles.

This puts you in a tough spot. Banks often aren't interested in this kind of short-term financing. There's no long-term mortgage product for them to sell, so there's no profit in it for them. They see it as a hassle.

That's where we step in. Our True Bridge loan is designed for this exact situation.

Kelowna Lake, BC

The Solution

How a True Bridge Works

It's simple. We provide a short-term, fully open loan that covers the purchase of your new property. To secure the loan, we register a single mortgage across both properties—the one you're buying and the one you're selling. This is also known as an 'inter alia' mortgage.

Once your current home sells, you pay us back. That's it. No complex products, no long-term commitments, no prepayment penalties.

Who Is This For?

  • ✔ Own their current home with no mortgage.
  • ✔ Are buying a new home and won't have a mortgage after their current home sells.
  • ✔ Need to secure their new home before their old one is listed or sold.
  • ✔ Have been turned away by traditional banks for short-term bridge financing.

A Smarter Financial Move

Consider the cost. A typical 2% lender fee plus our standard interest rate for a few months is often much less than the financial pressure of accepting a lowball offer on your home just to speed up a sale. A bridge loan gives you breathing room to get the best price for your property.

Don't Lose Your Dream Home

A gap in financing shouldn't stand in your way. We created the True Bridge to solve a problem other lenders ignore. If you have a client in this situation, give us a call. We give a quick yes or a quick no.

Get a Rate Quote Call Us: 250-804-4253