CWB - Underwriting Updates - March 3

Optimum Makes Moving Seamless with Bridge Financing

Our bridge financing solution provides short-term funding to help clients secure their new home before selling their existing one—eliminating the stress of mismatched closing dates and giving them the flexibility to move forward with confidence.

Why Choose Our Bridge Financing?

With flexible options and competitive rates, this product is tailored to meet your clients' short-term finance needs while ensuring their home ownership journey is stress-free.

Key Features:

• Loan Amount: Up to $500,000 with a minimum of 10% equity.
• Pricing: Prime + 2% interest rate with a $500 fee.
• Term: Maximum of 60 days to close the purchase.
• Availability: Offered in BC, Alberta, Saskatchewan, Manitoba, and NEW in Ontario.

Simple Requirements:

• Firm Sale Agreement and Mortgage Payout Statement for the sold property.
• The sold property must be MLS listed in an acceptable lending location for Optimum Mortgage.

By partnering with Optimum Mortgage, you can provide your clients with the flexibility and confidence to transition between properties effortlessly.

How to Get Started:

Submit your deals by including detailed notes on:

• Required number of days
• Bridge loan amount
• Location of the sold property