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Navigating the process of buying a new home in Carmel, CA 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 Carmel, CA or getting it ready for the market.
Identify the new home you want to buy in Carmel, CA, 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 Carmel, CA 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 Carmel, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carmel, CA. 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 Carmel, CA 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 Carmel, CA 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 Carmel, CA 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 Carmel, CA 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 Carmel, California offer several benefits to homeowners. Firstly, they provide the flexibility to purchase a new property before selling the existing one. This can be crucial in a competitive market, allowing buyers to secure their dream home without the pressure of having to immediately sell their current property. Carmel, California, is a picturesque coastal city known for its affluent demographic. The majority of residents are in higher-income brackets, which contributes to a thriving local economy and a strong real estate market. The city's population consists mainly of professionals, retirees, and artists seeking a laid-back yet luxurious lifestyle. The housing market in Carmel is characterized by high property values and a limited supply of homes. Bridge loans can give buyers a competitive edge in this market by providing the necessary funds to move quickly on a property. With its scenic beauty and desirable location, Carmel remains a popular choice for homebuyers looking for a mix of natural beauty and upscale living. Some of the main attractions in Carmel include the iconic Pebble Beach Golf Links, the artistic enclave of Carmel-by-the-Sea with its galleries and boutiques, and the stunning Carmel Beach with its white sands and crystal-clear waters. The city's charming downtown area is lined with gourmet restaurants, upscale shops, and art galleries, making it a cultural hub for residents and visitors alike.
Benefits of Bridge Loans in Carmel, California
