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Navigating the process of buying a new home in Guin, 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 Guin, AL or getting it ready for the market.
Identify the new home you want to buy in Guin, 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 Guin, 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 Guin, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Guin, 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 Guin, 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 Guin, 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 Guin, 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 Guin, 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!
Benefits of Bridge Loans: Bridge loans offer a quick financing solution for individuals requiring interim funds to purchase a new property before selling their current one. In Guin, Alabama, these loans can expedite the buying process, provide flexibility, and smooth cash flow transitions. Demographics: Guin, Alabama, has a diverse population with a mix of families, professionals, and retirees. The town boasts a strong sense of community and a welcoming atmosphere, making it an ideal place for individuals of all ages and backgrounds. Housing Market: Guin's housing market is stable, with a variety of housing options ranging from cozy single-family homes to spacious ranch-style properties. The town's real estate market offers affordable prices and a range of amenities, making it an attractive location for both first-time homebuyers and seasoned investors. Main Attractions: Guin, Alabama, is known for its picturesque landscapes, outdoor recreational activities, and historical sites. The town is home to various parks, hiking trails, and cultural events, providing residents and visitors with ample opportunities for entertainment and relaxation.
Bridge Loans in Guin, Alabama
