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Navigating the process of buying a new home in Hollywood, 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 Hollywood, AL or getting it ready for the market.
Identify the new home you want to buy in Hollywood, 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 Hollywood, 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 Hollywood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hollywood, 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 Hollywood, 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 Hollywood, 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 Hollywood, 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 Hollywood, 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!
A bridge loan in Hollywood, Alabama can provide immediate financial assistance to bridge the gap between the purchase of a new home and the sale of an existing one. This type of loan offers flexibility and quick access to funds, allowing homeowners to make a competitive offer on a new property without waiting for their current home to sell. Demographically, Hollywood, Alabama, is a small town with a close-knit community. The population is diverse, with a mix of families, young professionals, and retirees. The town's friendly atmosphere and scenic surroundings make it an attractive place to live for those seeking a peaceful and welcoming environment. In terms of the housing market, Hollywood, Alabama, offers a range of housing options to suit different needs and budgets. From charming historic homes to modern developments, the real estate market in Hollywood is dynamic and growing. Bridge loans can help buyers secure their dream home without worrying about selling their current property first. Main attractions in Hollywood, Alabama, include the beautiful Lake Guntersville, which offers opportunities for fishing, boating, and outdoor recreation. Additionally, the town is known for its historical sites, parks, and local festivals that celebrate the community's heritage and culture.
Benefits of Bridge Loans in Hollywood, Alabama
