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Navigating the process of buying a new home in Margaret, 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 Margaret, AL or getting it ready for the market.
Identify the new home you want to buy in Margaret, 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 Margaret, 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 Margaret, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Margaret, 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 Margaret, 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 Margaret, 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 Margaret, 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 Margaret, 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!
Benefits of Bridge Loans: Bridge loans can offer quick financing solutions for homeowners in Margaret, Alabama, allowing them to secure funds for a new home before selling their current one. This can help avoid missed opportunities and expedite the buying process. Demographics: Margaret, Alabama, is a small town with a population of approximately X residents. The community is known for its tight-knit feel, friendly neighbors, and strong sense of local pride. The town's demographics skew towards families and retirees looking for a peaceful setting. Housing Market: The housing market in Margaret, Alabama, is characterized by a mix of traditional single-family homes and newer developments. Property values have been steadily increasing over the past few years, making it an attractive area for real estate investment. Main Attractions: Margaret, Alabama, boasts scenic natural surroundings, including parks, hiking trails, and lakes for outdoor enthusiasts. The town also hosts local events, farmers markets, and community gatherings that foster a sense of belonging among residents.
Exploring Bridge Loans in Margaret, Alabama
