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Navigating the process of buying a new home in El Toro, 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 Toro, CA or getting it ready for the market.
Identify the new home you want to buy in El Toro, 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 Toro, 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 Toro, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Toro, 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 Toro, 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 Toro, 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 Toro, 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 Toro, 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 Toro, California provide a crucial financial lifeline for homeowners looking to purchase a new property before selling their current one. These loans offer quick access to funds, allowing for seamless transitions without the stress of waiting for a traditional sale to close. Demographics in El Toro, California are diverse, with a mix of young professionals, families, and retirees. The community enjoys a moderate climate and a suburban feel, making it an attractive place to live for individuals seeking a balance between urban amenities and a peaceful environment. The housing market in El Toro is dynamic, with a range of properties available, from cozy single-family homes to modern condominiums. Bridge loans play a crucial role in facilitating these transactions, providing flexibility to buyers and sellers alike in a competitive market. Main attractions in El Toro include the beautiful Serrano Creek Park, offering scenic walking trails and picnic spots for outdoor enthusiasts. The nearby Laguna Beach is a popular destination for residents and tourists, known for its stunning beaches, art galleries, and vibrant dining scene.
Benefits of Bridge Loans in El Toro, California
