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Navigating the process of buying a new home in Goodsprings, 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 Goodsprings, AL or getting it ready for the market.
Identify the new home you want to buy in Goodsprings, 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 Goodsprings, 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 Goodsprings, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Goodsprings, 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 Goodsprings, 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 Goodsprings, 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 Goodsprings, 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 Goodsprings, 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 Goodsprings can offer quick access to funds for purchasing a new home before selling an existing one, enabling a seamless transition. This type of financing can be particularly advantageous in a competitive housing market. Demographics: Goodsprings, Alabama, has a diverse population with a mix of young professionals, families, and retirees. The area boasts a strong sense of community and a range of local amenities, making it an attractive place to live. Housing Market: The housing market in Goodsprings is stable, with a variety of real estate options available. Bridge loans can help buyers take advantage of opportunities quickly, especially in a market where properties may sell fast. Main Attractions: Goodsprings offers a charming downtown area, picturesque parks, and easy access to outdoor activities like hiking and fishing. Residents enjoy a relaxed pace of life while still having access to essential services and entertainment options.
Benefits of Bridge Loans in Goodsprings, Alabama
