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Navigating the process of buying a new home in Chancellor, 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 Chancellor, AL or getting it ready for the market.
Identify the new home you want to buy in Chancellor, 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 Chancellor, 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 Chancellor, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chancellor, 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 Chancellor, 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 Chancellor, 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 Chancellor, 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 Chancellor, 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 Chancellor, Alabama offer a practical solution for individuals looking to purchase a new home before selling their current one. This type of loan provides temporary financing to bridge the gap between the sale of the existing property and the purchase of a new one, ensuring a smooth transition without the need to wait for the sale to finalize. Demographically, Chancellor, Alabama, is a charming small town with a population that values community and a close-knit atmosphere. The residents here are known for their friendly nature and welcoming attitude, making it an ideal place to settle down and raise a family. In terms of the housing market, Chancellor, Alabama, offers a diverse range of properties to choose from, including single-family homes, townhouses, and apartments. The market is stable, with a steady demand for housing and competitive prices that make it an attractive location for both first-time buyers and seasoned investors. Main attractions in Chancellor include the picturesque Chancellor Park, perfect for outdoor activities and family picnics. The town also boasts historic landmarks such as the Chancellor Museum, offering a glimpse into the rich history of the area. Additionally, local eateries and shops add to the town's unique charm and appeal.
Benefits of Bridge Loans in Chancellor, Alabama
