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Navigating the process of buying a new home in Carmel By The Sea, 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 By The Sea, CA or getting it ready for the market.
Identify the new home you want to buy in Carmel By The Sea, 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 By The Sea, 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 By The Sea, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carmel By The Sea, 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 By The Sea, 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 By The Sea, 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 By The Sea, 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 By The Sea, 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 By The Sea, California offer a convenient financing option for homebuyers looking to purchase a new property while awaiting the sale of their current home. This type of loan provides the flexibility to secure a new house without the pressure of selling the existing property quickly, enabling smoother transitions for homeowners. Demographics: Carmel By The Sea boasts a population of approximately 4,000 residents, predominantly consisting of affluent individuals seeking the town's upscale lifestyle. The community has a median household income higher than the national average, reflecting a financially stable demographic. Housing Market: The housing market in Carmel By The Sea is characterized by high property values due to its desirable location and picturesque surroundings. Bridge loans offer a strategic financial solution for buyers navigating this competitive market, allowing them to seize opportunities without delay. Main Attractions: The town's charm lies in its stunning beaches, renowned art galleries, and quaint boutique shops. Residents and visitors can also enjoy the iconic Pebble Beach Golf Links, scenic coastal drives along the 17-Mile Drive, and the historic Carmel Mission, adding to the allure of living in this coastal gem.
Benefits of Bridge Loans in Carmel By The Sea, California
