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Navigating the process of buying a new home in Brooklyn, 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 Brooklyn, AL or getting it ready for the market.
Identify the new home you want to buy in Brooklyn, 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 Brooklyn, 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 Brooklyn, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brooklyn, 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 Brooklyn, 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 Brooklyn, 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 Brooklyn, 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 Brooklyn, 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 Brooklyn, Alabama offer a flexible financing option for homebuyers, allowing them to purchase a new home before selling their current one. This can help avoid the stress of temporary housing arrangements and bridge the gap between transactions smoothly. Brooklyn, Alabama, a charming neighborhood, boasts a diverse demographic mix with a balanced blend of young professionals, families, and retirees. The community is known for its friendly atmosphere, excellent schools, and a strong sense of community spirit. The housing market in Brooklyn, Alabama, is booming, with a steady increase in property values and a high demand for homes. Bridge loans provide buyers with quick access to funds, giving them a competitive edge in this fast-paced market. Some main attractions in Brooklyn, Alabama, include beautiful parks, trendy cafes, and a variety of local shops and boutiques. Residents enjoy a vibrant social scene, outdoor activities, and a close-knit community that make Brooklyn a desirable place to live.
Bridge Loans in Brooklyn, Alabama
