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Navigating the process of buying a new home in Carnelian Bay, 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 Carnelian Bay, CA or getting it ready for the market.
Identify the new home you want to buy in Carnelian Bay, 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 Carnelian Bay, 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 Carnelian Bay, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carnelian Bay, 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 Carnelian Bay, 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 Carnelian Bay, 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 Carnelian Bay, 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 Carnelian Bay, 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 Carnelian Bay offer individuals the flexibility to purchase a new property before selling their existing one, avoiding the stress of timing the transactions perfectly. Demographics in Carnelian Bay consist of mostly middle to high-income families enjoying the serene lakefront lifestyle, with a mix of primary residents and vacation homeowners. The housing market in Carnelian Bay experiences high demand due to its picturesque location, with properties often selling quickly and at competitive prices. Main attractions in Carnelian Bay include the beautiful Lake Tahoe, ideal for water activities, hiking trails, and proximity to ski resorts, making it a year-round destination for outdoor enthusiasts.
Benefits of Bridge Loans in Carnelian Bay, California
