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Navigating the process of buying a new home in Brilliant, 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 Brilliant, AL or getting it ready for the market.
Identify the new home you want to buy in Brilliant, 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 Brilliant, 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 Brilliant, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brilliant, 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 Brilliant, 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 Brilliant, 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 Brilliant, 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 Brilliant, 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 of Bridge Loans: Bridge loans in Brilliant, Alabama offer homeowners the flexibility to secure a new property before selling their current one. This can prevent missed opportunities and facilitate smoother transitions during relocation. Demographics: Brilliant, Alabama, is a small town with a population of around 900 residents. The community is close-knit, offering a peaceful and family-friendly environment. Housing Market: The housing market in Brilliant, Alabama, is stable, with a mix of single-family homes and rental properties. Bridge loans can help buyers navigate this market by providing short-term financing solutions. Main Attractions: Despite its small size, Brilliant has attractions like the Brilliant Historical Museum and nearby outdoor recreational opportunities, including Bankhead National Forest and the Sipsey Wilderness area.
Bridge Loans in Brilliant, Alabama
