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Navigating the process of buying a new home in Glencoe, 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 Glencoe, CA or getting it ready for the market.
Identify the new home you want to buy in Glencoe, 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 Glencoe, 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 Glencoe, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glencoe, 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 Glencoe, 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 Glencoe, 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 Glencoe, 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 Glencoe, 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 Glencoe, California provide a valuable financial tool for individuals looking to purchase a new home before selling their existing one. This type of short-term financing helps bridge the gap between the purchase of a new home and the sale of the current one, avoiding the need to make a contingent offer. Demographically, Glencoe, California, is a quaint town with a population of around 600 residents. The community is known for its tight-knit feel and is popular among families and retirees seeking a peaceful lifestyle in a picturesque setting. In terms of the housing market, Glencoe offers a mix of historic properties and modern homes. The market is relatively stable, with steady appreciation rates. Bridge loans can help buyers take advantage of opportunities in this competitive market without the constraints of a traditional sale. Main attractions in Glencoe include the beautiful Calaveras Big Trees State Park, which offers hiking, camping, and picnicking opportunities. Additionally, visitors can explore the nearby wineries of the Sierra Foothills wine region, providing a perfect weekend getaway for residents and tourists alike.
The Benefits of Bridge Loans in Glencoe, California
