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Navigating the process of buying a new home in Hollytree, 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 Hollytree, AL or getting it ready for the market.
Identify the new home you want to buy in Hollytree, 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 Hollytree, 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 Hollytree, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hollytree, 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 Hollytree, 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 Hollytree, 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 Hollytree, 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 Hollytree, 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 Hollytree, Alabama offer a flexible financing option for homeowners who are looking to purchase a new property before selling their current home. This type of loan provides the funding needed to bridge the gap between the sale of the existing property and the purchase of the new one, allowing for a smoother transition. Demographically, Hollytree is a rural community with a population that values close-knit relationships and a peaceful lifestyle. The residents here take pride in their community and are known for their hospitality and warmth. The town has a mix of families, retirees, and young professionals, creating a diverse and vibrant environment. In terms of the housing market, Hollytree offers a range of options from cozy single-family homes to spacious estates. The market is stable with moderate appreciation rates, making it an attractive location for both buyers and sellers. With the help of bridge loans, homeowners can take advantage of the opportunities in the market without the stress of timing constraints. Main attractions in Hollytree include the picturesque hiking trails that showcase the natural beauty of the area, as well as quaint local shops and eateries that add charm to the community. Residents can enjoy a peaceful lifestyle while still having access to essential amenities and recreational activities.
Benefits of Bridge Loans in Hollytree, Alabama
