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Navigating the process of buying a new home in Korbel, 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 Korbel, CA or getting it ready for the market.
Identify the new home you want to buy in Korbel, 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 Korbel, 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 Korbel, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Korbel, 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 Korbel, 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 Korbel, 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 Korbel, 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 Korbel, 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 Korbel offer individuals flexibility and speed in financing real estate transactions. These short-term loans provide quick access to funds, making it possible to secure a new property without having to wait for the sale of an existing one. Demographics: Korbel, California, boasts a diverse population mix, with a majority of residents being professionals in various industries. The town thrives on art and cultural activities, attracting both residents and visitors alike. Housing Market: The housing market in Korbel is vibrant, with a mix of historic homes and modern developments. Bridge loans play a significant role in this market, helping buyers secure properties in competitive environments and enabling sellers to close deals quickly. Main Attractions: Korbel offers a range of attractions, from scenic parks and trails to cultural landmarks. The town's vineyards and wineries are particularly popular, providing a unique experience for residents and tourists.
Benefits of Bridge Loans in Korbel, California
