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Navigating the process of buying a new home in Malcolm, 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 Malcolm, AL or getting it ready for the market.
Identify the new home you want to buy in Malcolm, 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 Malcolm, 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 Malcolm, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Malcolm, 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 Malcolm, 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 Malcolm, 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 Malcolm, 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 Malcolm, 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 Malcolm, Alabama offer immediate financial support to bridge the gap between buying a new home and selling the current one. These loans provide flexibility and quick access to funds, enabling individuals to secure their dream home without delays. Demographically, Malcolm, Alabama, boasts a diverse population with a mix of young families, professionals, and retirees. The area's proximity to urban amenities and natural attractions makes it an ideal place to live for individuals seeking a balance between work and leisure. The housing market in Malcolm, Alabama, is vibrant, with a range of properties available to suit different preferences and budgets. Whether you're looking for a cozy suburban home or a spacious rural estate, the market offers options that cater to various needs. Some of the main attractions in Malcolm, Alabama, include breathtaking outdoor spaces like Malcolm Park and the scenic Malcolm River. Additionally, the town's historical sites, charming local shops, and vibrant community events make it a welcoming and engaging place to call home.
Bridge Loans in Malcolm, Alabama
