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Navigating the process of buying a new home in Eight Mile, 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 Eight Mile, AL or getting it ready for the market.
Identify the new home you want to buy in Eight Mile, 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 Eight Mile, 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 Eight Mile, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eight Mile, 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 Eight Mile, 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 Eight Mile, 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 Eight Mile, 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 Eight Mile, 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 Eight Mile offer quick access to funds for purchasing a new home before selling the current one. This can be beneficial in a competitive market, providing flexibility and enabling buyers to secure their dream home without waiting for the sale of the existing property. Demographics: Eight Mile has a diverse population, with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community, making it a desirable place to live. Housing Market: The housing market in Eight Mile is currently competitive, with a mix of traditional single-family homes and newer developments. Bridge loans can give buyers an edge in this market, allowing them to move quickly on desirable properties and potentially negotiate better deals. Main Attractions: Eight Mile offers a range of attractions, including parks, shopping centers, and local restaurants. The nearby natural beauty of the area, including parks and waterways, makes it an ideal location for those who enjoy outdoor activities.
Benefits of Bridge Loans in Eight Mile, Alabama
