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Navigating the process of buying a new home in Encino, TX 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, TX or getting it ready for the market.
Identify the new home you want to buy in Encino, TX, 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, TX 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, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Encino, TX. 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, TX 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, TX 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, TX 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, TX 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 Encino, Texas provide immediate financial support for individuals looking to purchase a new home before selling their current one. This helps in avoiding missed opportunities and allows for smoother transitions between properties. Demographics in Encino, Texas showcase a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of belonging, making it an attractive place for individuals from different walks of life. The housing market in Encino, Texas is thriving, with a steady increase in property values and demand for housing options. Bridge loans play a crucial role in facilitating quick transactions and ensuring that buyers can secure their dream homes in this competitive market. Main attractions in Encino, Texas include the picturesque Encino Park, renowned for its scenic beauty and peaceful ambiance. Additionally, the local dining scene offers a variety of culinary delights, ranging from traditional Texan barbecue to international cuisines, catering to diverse palates.
Benefits of Bridge Loans in Encino, Texas
