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Navigating the process of buying a new home in Brookwood, 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 Brookwood, AL or getting it ready for the market.
Identify the new home you want to buy in Brookwood, 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 Brookwood, 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 Brookwood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brookwood, 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 Brookwood, 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 Brookwood, 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 Brookwood, 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 Brookwood, 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 Brookwood, Alabama offer a flexible financing option for homeowners looking to purchase a new home before selling their current one. This type of loan provides quick access to funds, allowing individuals to make a down payment on their new property without having to wait for their existing home to sell. This can be particularly advantageous in a competitive real estate market where quick transactions are essential. Demographically, Brookwood is a charming town located in Tuscaloosa County, Alabama. With a population of approximately 2,000 residents, it offers a close-knit community feel with a low crime rate, making it an ideal place for families and individuals looking to settle down in a safe environment. In terms of the housing market, Brookwood boasts a diverse range of properties, from cozy single-family homes to spacious estates. The area has seen steady appreciation in home values over the years, making it an attractive location for real estate investors and homeowners alike. Bridge loans can help buyers take advantage of these opportunities by providing additional financial leverage. Main attractions in Brookwood include the beautiful Cahaba River, where residents can enjoy fishing, kayaking, and scenic nature walks. Additionally, the town is in close proximity to Tuscaloosa, offering easy access to cultural events, shopping, and dining options. With its combination of small-town charm and urban conveniences, Brookwood provides an ideal setting for those looking to experience the best of both worlds.
Benefits of Bridge Loans in Brookwood, Alabama
