09/01/2026
A mortgage approval does not automatically mean you can safely buy your next home before selling your current one.
Your lender may require your existing mortgage to be paid off before funding the new mortgage. Bridge financing can sometimes cover a short gap between two firm transactions, but it is not guaranteed and it does not protect you if your current home has not sold.
Before making an offer, confirm that your financing works for the exact order and timing of both transactions.