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Navigating the process of buying a new home in Canyon Lake, TX 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 Canyon Lake, TX or getting it ready for the market.
Identify the new home you want to buy in Canyon Lake, TX, 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 Canyon Lake, TX 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 Canyon Lake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Canyon Lake, TX. 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 Canyon Lake, TX 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 Canyon Lake, TX 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 Canyon Lake, TX 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 Canyon Lake, TX 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 the benefit of providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one in Canyon Lake, Texas. This can be particularly helpful for homeowners who need funds quickly to secure their new home, with flexibility in repayment terms. Demographics Canyon Lake, Texas, is a vibrant community with a diverse demographic profile. The population consists of a mix of families, retirees, and young professionals. The area is known for its friendly atmosphere and strong sense of community, making it an attractive place to live. The housing market in Canyon Lake offers a range of options, from cozy lakeside cottages to spacious modern homes. The real estate market is competitive, with a steady demand for housing. Bridge loans can help buyers secure properties in this desirable location while they finalize the sale of their current home. Canyon Lake boasts a variety of attractions, including the stunning lake itself, offering opportunities for boating, fishing, and water sports. The area also features picturesque hiking trails, local wineries, and charming shops and restaurants, making it a popular destination for both residents and visitors.
Benefits of Bridge Loans in Canyon Lake, Texas
Housing Market
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