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Navigating the process of buying a new home in Brent, 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 Brent, AL or getting it ready for the market.
Identify the new home you want to buy in Brent, 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 Brent, 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 Brent, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brent, 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 Brent, 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 Brent, 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 Brent, 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 Brent, 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 offer numerous benefits to residents of Brent, Alabama. These short-term loans provide immediate funding for purchasing a new home before selling the current one, helping homeowners avoid the stress of timing the sale and purchase perfectly. Demographics in Brent, Alabama showcase a tight-knit community with a population that values local traditions. The town boasts a diverse mix of residents, with a median age of 42 and a strong sense of community pride. The housing market in Brent, Alabama is stable and offers various opportunities for both buyers and sellers. Home prices are affordable, and the market is competitive, making it an ideal time for those considering bridge loans to transition seamlessly between properties. Some main attractions in Brent, Alabama include the picturesque Cahaba River, perfect for outdoor enthusiasts looking for fishing or kayaking adventures. Additionally, the town is home to historic sites like the Cahaba Pumping Station Museum, offering a glimpse into the area's rich history.
Benefits of Bridge Loans in Brent, Alabama
