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Navigating the process of buying a new home in Inglewood, 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 Inglewood, CA or getting it ready for the market.
Identify the new home you want to buy in Inglewood, 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 Inglewood, 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 Inglewood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Inglewood, 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 Inglewood, 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 Inglewood, 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 Inglewood, 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 Inglewood, 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 Inglewood, California offer numerous benefits to homebuyers and sellers. These short-term loans can assist in the seamless transition from one property to another, providing funds to bridge the financial gap between buying a new home and selling the current one. Demographically, Inglewood is known for its diverse population, including a mix of African American, Hispanic, and Asian residents. The city has a vibrant cultural scene, with a rich history of music and entertainment. The housing market in Inglewood is dynamic, with a mix of traditional single-family homes, modern condos, and apartments. Due to its proximity to Los Angeles, the real estate market in Inglewood has seen significant growth in recent years, making it an attractive area for both buyers and investors. Main attractions in Inglewood include the iconic SoFi Stadium, home to the Los Angeles Rams and Chargers, as well as The Forum, a renowned music and entertainment venue. Additionally, residents and visitors can enjoy nearby beaches, parks, and cultural landmarks.
Benefits of Bridge Loans in Inglewood, California
