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Navigating the process of buying a new home in Jack, 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 Jack, AL or getting it ready for the market.
Identify the new home you want to buy in Jack, 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 Jack, 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 Jack, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jack, 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 Jack, 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 Jack, 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 Jack, 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 Jack, 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 Jack, Alabama offer a convenient financing solution for individuals looking to purchase a new home before selling their existing property. This type of loan provides the flexibility to make a down payment on a new home while awaiting the sale of the current one, avoiding the need for two mortgages simultaneously. Demographics: Jack, Alabama, is a charming small town with a population of approximately 2,500 residents. The community boasts a mix of young families and retirees, creating a diverse and welcoming atmosphere for new residents. The town has a strong sense of community pride and a rich local culture. Housing Market: The housing market in Jack, Alabama, is currently experiencing steady growth, with a range of housing options available to suit different preferences and budgets. Bridge loans enable buyers to take advantage of favorable market conditions and secure their dream home without the constraints of traditional financing. Main Attractions: Jack, Alabama, is known for its scenic beauty and outdoor recreational opportunities. Residents and visitors alike enjoy exploring the picturesque parks, hiking trails, and nearby lakes. The town also hosts annual festivals and events that showcase the local arts, culture, and community spirit.
Benefits of Bridge Loans in Jack, Alabama
