Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Vancouver Mortgage Blog On Active Rain
Vancouver Mortgage Blog Vancouver Mortgage Blog hosted by Active Rain Real Estate Network will be posting mortgage related news and articles affecting home owners in British Columbia. Real estate market postings on sale activities and pricing trend can be found on my blog at http://activerain.com/blogs/ebizniz.Home Financing - Buying & SellingHome buyers who are buying and selling at the same time should work out their financing beforehand. When you are only able to carry one mortgage, you obviously need to free up the equity in your present home when trading-up. You should sell first and then commit on buying another property when you are certain your sale will complete in time. When you only have limited equity and income, you bank will only advance you the loan when you have a firmed sale on your current home. The ideal situation is when you can time the sale of your home to complete before the closing date for the home you are buying. A situation may develop that financing by the bank is with-held because a home seller cannot sell his home in time to complete his purchase. Bridge Financing Bridge financing can normally be work out with the bank when the home ... more

__________________________________________________
Are you on The Rain? Grow Your Network!