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Trusterra Mortgage Inc.
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Real Estate Mortgage Financing Solutions for residential - commercial - industrial - and investiment property's
Real Estate Mortgage Financing Solutions for residential - commercial - industrial - and investiment property's

145 followers
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Bridge Financing - What is it? Have you heard of it?

First off, its not financing to build an actual bridge! :D Well, at least not for the case of this posting and the example that we'll be talking about below.

Normally when you sell your home or other real estate so that you can buy another one the plan is to use the money from the sales proceeds towards the down payment to purchase another property.

Sometimes the date that your sold property closes is after the date of your newly purchased property's closing.

Bridge financing is a special loan designed to help you in this situation. The lender will temporarily (usually one month) give you the funds that you needed from the sale of your property for the down payment of the new property that is closing first (before the sold property closes). Then after your sold property closes you pay back the lender for the bridge loan.

If you are in this situation or would like to learn more about bridge financing contact us. https://trusterramortgage.com/contact-us #BridgeLoan #bridgeFinancing #mortgage #TrusterraMortgage #RealEstate
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#CMHC is working with Vagabond Tiny Homes and the Town of Okotoks to build Canada's first #TinyHome eco-village! The creative design and technology puts the amenities of a larger home in a compact, ultra-efficient package: http://ow.ly/lKLE30lm96o #NationalHousingStrategy
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If you own real estate one of the best ways to pay back or pay down high interest rate loans is by refinancing your property. Ask us how and let's work together in consolidating your debts into one lower interest payment.
https://trusterramortgage.com #DebtConsolidation #RealEstate #TrusterraMortgage #HighInterestRate
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Yes, you can receive gift money from family for your down payment!
#DownPayment #mortgage #gift #TrusterraMortgage
https://trusterramortgage.com/
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A message from the Government of Canada:
August is #FishingMonth! You may be able to spot a fish in the water, but could you spot a phish online?
If a company or bank asks you for personal information in an email or pop-up, it may be a phishing scam. Be wary of the information you give away and never share your passwords.
Learn more about common phishing scams, and how to avoid them: http://ow.ly/sk8X30lfLVN
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A question was asked whether Trusterra Mortgage has access to student loans. We don't, but here are some resources in case yourself or someone you know needs it:

Government of Canada Student Loans program
https://www.canada.ca/en/services/jobs/education/student-financial-aid/student-loan.html

Canada National Student Loans Service Centre (NSLSC)
https://msfaa-emafe.cibletudes-canlearn.ca/en/welcome

TD Canada Trust Student Line of Credit
https://www.td.com/ca/en/personal-banking/products/borrowing/lines-of-credit/student-line-of-credit/

CIBC Student Loans program
https://www.cibc.com/en/student/student-lines-of-credit.html

Scotiabank Student Loans program
https://www.scotiabank.com/ca/en/0,,8160,00.html

Royal Bank of Canada Student Line of Credit
http://www.rbcroyalbank.com/personal-loans/student-line-of-credit.html

Bank of Montreal Student Line of Credit
https://www.bmo.com/main/personal/loans-line-of-credit/student-line-of-credit#

PARMA Credit Union Student Loans
https://parama.ca/students

First Ontario Credit Union Student Loans
https://www.firstontariocu.com/Personal/ProductsAndServices/Borrowing/PersonalLoans/StudentLoans/
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In celebration of #WorldWideWebDay, visit the Financial Consumer Agency of Canada (FCAC) website to access free interactive tools and calculators to help you manage your money and plan for the #future: http://ow.ly/u02a30l583X ๐ŸŒŽ๐Ÿ•ธ๏ธ
(https://gph.is/2d3qmhY)
#moneyManagement #FinancialPlanning #calculator #FCAC
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The time has come and you want to build your own custom home. What do you do now? You work with us of course! :D We will source the right lending solution for you. We will work with you from the start to the end to get the project done.
#Infill #construction #mortgage #TrusterraMortgage
https://trusterramortgage.com/residential-solutions/construction-mortgage
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Let us work hard and diligently on your behalf in finding the right mortgage solution for your next multi-million dollar real estate transaction.
#LuxuryHome #HighEndHome #RealEstateInvestment #MultiMillionDollar #TrusterraMortgage
https://trusterramortgage.com
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