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Navigating the process of buying a new home in Maylene, 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 Maylene, AL or getting it ready for the market.
Identify the new home you want to buy in Maylene, 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 Maylene, 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 Maylene, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Maylene, 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 Maylene, 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 Maylene, 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 Maylene, 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 Maylene, 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 a practical solution for homeowners in Maylene who are looking to purchase a new home before selling their current one. These short-term loans provide financial flexibility, allowing individuals to avoid the stress of timing their home sales and purchases perfectly. Demographics in Maylene, Alabama, showcase a diverse community with a mix of age groups, including young families and retirees. The town enjoys a peaceful suburban setting with access to good schools and amenities, making it an attractive location for homeowners seeking convenience and quality of life. The housing market in Maylene is dynamic, with a range of properties available to suit different budgets and preferences. The town offers a blend of traditional single-family homes and modern developments, providing options for both first-time buyers and those looking to upgrade their living spaces.
Benefits of Bridge Loans in Maylene, Alabama
