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  1. #1
    Join Date
    Oct 2018

    Planning to buy a new flat...

    My mom and I own a home in Toronto. We have a joint loan of $200k. I'm paying for it as I don't want to strain my mom.
    I've found a flat, I'm planning to buy it. The issue is I'll be only getting the fund in two or three months. But the flat owner is kind of trying to sell it at the earliest. To find the fund I've only two options, either taking a second mortgage from our old home or taking a bridge loan.I'm not a banking person. Please help me to choose the best option. If you've any suggestion, ping me here.
    Many thanks!

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