Flexible bridge credit: what if the seller of the house of your dreams puts pressure on you?

You found the house of your dreams and an agreement with the seller. The compromise has not yet been signed, but it is expected in the near future. In the meantime, you’ve put your current home up for sale, but you can’t say the candidates are scrambling. You wonder if the asking price is not too high, or if your home is well developed…

Suddenly, the seller of the house you want to buy feels that it is high time to close and pay the purchase price because there are other buyers on the spot… What can I do?

Can you get an advance?

Your position is uncomfortable anyway. On the one hand, you don’t want to see the house of your dreams slip through your fingers, but on the other hand, you don’t have the financial means until your current home is sold. By selling your home in haste to the first buyer, you run the risk of having to settle for a much lower selling price. You ask the bank, but the bank is not willing to give you an advance…

Don’t worry, consult an independent credit broker as Hypoth√®que.be.

A bridge credit will give you time

The solution will be a bridge credit from an independent credit broker. Such credit will bring you the money you need to buy the home of your dreams. You will also have a maximum of 24 months to sell your current home at a decent price, without having to sell to the first buyer because of lack of time or financial pressure.

Independent mortgage broker

You can enter into a bridge credit with a bank or independent mortgage broker. The latter will calculate your bridge credit and bring you an obvious added value:

At a bank, the duration of your bridge credit will often be limited to 6 months. It is very short and you will very quickly be overwhelmed by stress if your house is still not sold after 2 months. With an independent mortgage broker, you can find a bridge credit for up to 24 months, which will give you more time.

Your bank can only offer its own loans. An independent mortgage broker, on the other hand, works with several lending agencies and can look for the credit that best suits you in terms of terms and flexibility.