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Navigating the process of buying a new home in Mc Intosh, 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 Mc Intosh, AL or getting it ready for the market.
Identify the new home you want to buy in Mc Intosh, 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 Mc Intosh, 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 Mc Intosh, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mc Intosh, 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 Mc Intosh, 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 Mc Intosh, 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 Mc Intosh, 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 Mc Intosh, 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 residents of Mc Intosh, Alabama numerous benefits. These short-term loans provide quick access to funds, allowing homeowners to purchase a new property before selling their existing one. This flexibility can prevent missed opportunities and streamline the buying process. Demographically, Mc Intosh is a charming town with a population that values community. With a mix of families and retirees, the town offers a welcoming environment for people of all ages. The cost of living is affordable, making it an attractive option for those looking to settle down in a close-knit community. The housing market in Mc Intosh is stable, offering a variety of residential properties at competitive prices. With the help of bridge loans, residents can take advantage of favorable market conditions to upgrade or downsize their homes. This financial tool enables seamless transitions between properties, ensuring a smooth and efficient moving process.
Benefits of Bridge Loans in Mc Intosh, Alabama
