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Navigating the process of buying a new home in Marbury, 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 Marbury, AL or getting it ready for the market.
Identify the new home you want to buy in Marbury, 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 Marbury, 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 Marbury, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marbury, 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 Marbury, 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 Marbury, 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 Marbury, 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 Marbury, 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 offer numerous benefits for homeowners in Marbury, Alabama. These short-term loans can help bridge the gap between the purchase of a new home and the sale of a current one. They provide quick access to funds, allowing buyers to secure a new property without having to wait for their existing home to sell. Demographically, Marbury is a charming town located in Autauga County. With a population of approximately 1,500 residents, it offers a close-knit community feel. The town boasts a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The housing market in Marbury is dynamic and offers a range of options for buyers. From spacious single-family homes to cozy townhouses, there is something for everyone. The market is competitive yet affordable, making it an attractive location for first-time buyers and those looking to upgrade. Marbury is also known for its main attractions, such as the scenic Lake Jordan, perfect for fishing and boating enthusiasts. The town is surrounded by natural beauty, including parks and hiking trails, making it ideal for outdoor activities. Additionally, Marbury has a rich history, with historic sites and local events that showcase its heritage.
Benefits of Bridge Loans in Marbury, Alabama
