Get Approved at The Lowest Rate
Navigating the process of buying a new home in Catherine, 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 Catherine, AL or getting it ready for the market.
Identify the new home you want to buy in Catherine, 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 Catherine, 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 Catherine, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Catherine, 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 Catherine, 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 Catherine, 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 Catherine, 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 Catherine, 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 Catherine, Alabama offer a quick and flexible financing option for those looking to buy a new home before selling their current one. These loans can help bridge the gap between the purchase of a new property and the sale of an existing one, providing financial flexibility and peace of mind during the transition period. Demographics: Catherine, Alabama, boasts a diverse population with a mix of age groups and backgrounds. The community is known for its friendly atmosphere and strong sense of community spirit, making it an ideal place to live and raise a family. Housing Market: The housing market in Catherine, Alabama, is thriving, with a range of properties available to suit different budgets and preferences. Bridge loans can be particularly beneficial in a competitive market like Catherine, helping buyers secure their dream home without having to wait for their current property to sell. Main Attractions: Catherine, Alabama, is home to a variety of attractions and amenities, including beautiful parks, top-rated schools, and charming local shops and restaurants. Residents enjoy a high quality of life in Catherine, making it a desirable place to call home.
Benefits of Bridge Loans in Catherine, Alabama
