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Navigating the process of buying a new home in Encino, 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 Encino, CA or getting it ready for the market.
Identify the new home you want to buy in Encino, 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 Encino, 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 Encino, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Encino, 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 Encino, 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 Encino, 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 Encino, 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 Encino, 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 offer a convenient financial solution for individuals in Encino, California who are looking to purchase a new property before selling their existing one. These loans bridge the gap between the sale of the current home and the purchase of a new one, providing flexibility and ensuring a smooth transition. Demographics Encino, located in the San Fernando Valley, is known for its diverse and affluent population. The community is home to a mix of families, young professionals, and retirees. The area boasts a strong sense of community, excellent schools, and a high standard of living. The housing market in Encino is robust, with a range of residential properties available, from single-family homes to luxury estates. The market has seen steady growth in property values, making it an attractive investment opportunity. Bridge loans can help buyers take advantage of the market by providing quick access to funds. Encino offers a variety of attractions, including the beautiful Encino Park, the lively Ventura Boulevard with its shops and restaurants, and easy access to hiking trails in the Santa Monica Mountains. Residents enjoy a perfect blend of urban convenience and natural beauty.
The Benefits of Bridge Loans in Encino, California
Housing Market Overview
Main Attractions
