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Navigating the process of buying a new home in Booth, AL while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Booth, AL or getting it ready for the market.
Identify the new home you want to buy in Booth, AL, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Booth, AL often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Booth, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Booth, AL. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Booth, AL do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Booth, AL may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Booth, AL provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Booth, AL to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Booth, Alabama offer a convenient financing option for homeowners looking to make a smooth transition between the sale of their existing home and the purchase of a new one. These short-term loans provide quick access to funds, allowing homeowners to secure their new property without the stress of timing constraints. Demographics: Booth, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and tight-knit neighborhoods, making it an ideal location for individuals looking to settle down or raise a family. Housing Market: The housing market in Booth, Alabama, is currently experiencing steady growth, with a variety of housing options available to suit different preferences and budgets. The demand for homes in Booth is on the rise, making it a prime time for investment or relocation. Main Attractions: Booth, Alabama, offers a range of attractions for residents and visitors alike. From scenic parks and outdoor recreational areas to local shops and restaurants, there is always something to explore and enjoy in this vibrant community.
Benefits of Bridge Loans in Booth, Alabama
