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Navigating the process of buying a new home in Brierfield, 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 Brierfield, AL or getting it ready for the market.
Identify the new home you want to buy in Brierfield, 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 Brierfield, 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 Brierfield, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brierfield, 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 Brierfield, 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 Brierfield, 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 Brierfield, 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 Brierfield, 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!
Benefits: A bridge loan can provide a short-term financing solution for those looking to purchase a new home before selling their existing one in Brierfield, Alabama. It offers flexibility in timing the purchase of a new property without the stress of aligning the sale of your current home. Demographics: Brierfield, Alabama, boasts a diverse community with a mix of families, young professionals, and retirees. The town has a rich history and a strong sense of community, making it an attractive place to live for people of all ages. Housing Market: The housing market in Brierfield, Alabama, is vibrant, with a range of housing options to suit different lifestyles and budgets. The market has seen steady growth in recent years, making it a great time to invest in real estate in the area. Main Attractions: Brierfield is home to several historical landmarks, including Brierfield Ironworks Historical State Park, where visitors can learn about the town's industrial past. The town also offers beautiful outdoor spaces for hiking, picnicking, and enjoying the natural beauty of Alabama.
Benefits of Bridge Loans in Brierfield, Alabama
