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Navigating the process of buying a new home in El Nido, 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 El Nido, CA or getting it ready for the market.
Identify the new home you want to buy in El Nido, 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 El Nido, 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 El Nido, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Nido, 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 El Nido, 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 El Nido, 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 El Nido, 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 El Nido, 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 El Nido, California offer residents a financial lifeline during transitional periods, allowing them to bridge the gap between the sale of their current home and the purchase of a new one. These loans provide flexibility and convenience, ensuring a smooth transition without the stress of simultaneous buying and selling. Demographics: El Nido, California is a diverse community nestled in the heart of Merced County. The population comprises a mix of professionals, families, and retirees, creating a vibrant and welcoming atmosphere. The town's strong sense of community and cultural diversity make it an ideal place to call home. Housing Market: The housing market in El Nido offers a variety of options, from cozy single-family homes to spacious estates. With a range of prices to suit different budgets, the real estate market is stable and attractive to both investors and homeowners. Bridge loans provide an additional tool for buyers to work with when securing their dream home in this competitive market. Main Attractions: El Nido is known for its natural beauty, with stunning parks, trails, and outdoor recreational opportunities. Residents can enjoy hiking in the nearby wilderness, exploring local vineyards, or relaxing on the beautiful beaches along the California coast. The town's proximity to major cities like Los Angeles and San Francisco also adds to its appeal, offering residents the best of both worlds.
Benefits of Bridge Loans in El Nido, California
