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Navigating the process of buying a new home in Laguna Woods, 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 Laguna Woods, CA or getting it ready for the market.
Identify the new home you want to buy in Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, California, offer a valuable financial tool for homebuyers looking to purchase a new home before selling their existing property. These short-term loans provide quick access to funds, enabling buyers to bridge the gap between the sale of their current home and the purchase of a new one without missing out on their dream home. Demographics: Laguna Woods, California, is a picturesque city located in Orange County with a population mainly comprising active retirees and seniors. The city boasts a vibrant community with a variety of amenities tailored to the needs of its older residents, making it an ideal place for retirees looking for a peaceful and active lifestyle. Housing Market: The housing market in Laguna Woods offers a diverse range of properties, from cozy condominiums to spacious single-family homes. The market is known for its stability and potential for appreciation, making it an attractive investment choice for homebuyers. Bridge loans can help expedite the home buying process in this competitive market. Main Attractions: Laguna Woods is home to several attractions, including the renowned Laguna Woods Village, a vibrant retirement community offering an array of amenities such as golf courses, swimming pools, and social clubs. Nature lovers can explore the nearby Aliso and Wood Canyons Wilderness Park for hiking and outdoor adventures.
Benefits of Bridge Loans in Laguna Woods, California
