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Navigating the process of buying a new home in Mc Kenzie, 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 Kenzie, AL or getting it ready for the market.
Identify the new home you want to buy in Mc Kenzie, 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 Kenzie, 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 Kenzie, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mc Kenzie, 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 Kenzie, 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 Kenzie, 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 Kenzie, 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 Kenzie, 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 Mc Kenzie, Alabama offer individuals the flexibility to quickly purchase a new home while awaiting the sale of their current property. This short-term financing solution bridges the gap between transactions, providing financial security and avoiding the need for contingent offers. Demographics: Mc Kenzie, Alabama, boasts a diverse population with a strong sense of community. The town is characterized by its friendly residents and a welcoming atmosphere. The median household income is above the state average, making it an attractive location for families and professionals alike. Housing Market: The housing market in Mc Kenzie offers a range of options from cozy single-family homes to spacious estates. Property values have remained stable over the years, making it a sound investment choice. Bridge loans provide buyers with the opportunity to secure their dream home without delay. Main Attractions: Mc Kenzie, Alabama, is renowned for its picturesque parks, historic sites, and vibrant local culture. Residents enjoy outdoor activities such as hiking, fishing, and community events. The town's charming downtown area features quaint shops and restaurants, adding to its appeal.
Benefits of Bridge Loans in Mc Kenzie, Alabama
