Get Approved at The Lowest Rate
Navigating the process of buying a new home in Equality, 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 Equality, AL or getting it ready for the market.
Identify the new home you want to buy in Equality, 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 Equality, 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 Equality, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Equality, 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 Equality, 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 Equality, 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 Equality, 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 Equality, 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 Equality, Alabama offer numerous benefits such as providing quick access to funds for purchasing a new home before selling the current one, helping to avoid potential gaps in financing, and assisting in securing competitive offers in the real estate market. Demographics: Equality, Alabama, has a diverse population with a mix of families, professionals, and retirees. The community values inclusivity and a close-knit atmosphere, making it an ideal place to settle down and establish roots. Housing Market: Equality's housing market is stable, with a range of properties available from cozy starter homes to luxurious estates. Bridge loans can help buyers capitalize on favorable market conditions and secure their dream home quickly. Main Attractions: The town of Equality boasts scenic landscapes, outdoor recreational opportunities, and a rich cultural heritage. Residents can enjoy activities such as hiking, fishing, and exploring historic sites like the Hatchett Creek Covered Bridge.
Benefits of Bridge Loans in Equality, Alabama
