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Navigating the process of buying a new home in Mc Shan, 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 Shan, AL or getting it ready for the market.
Identify the new home you want to buy in Mc Shan, 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 Shan, 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 Shan, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mc Shan, 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 Shan, 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 Shan, 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 Shan, 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 Shan, 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 immediate financing for individuals looking to purchase a new home while waiting for the sale of their current property. This provides flexibility and allows for a seamless transition without delays. In Mc Shan, Alabama, where the real estate market can be competitive, bridge loans can give buyers an edge by enabling them to make attractive offers quickly. Mc Shan, Alabama, with a population of approximately 200 residents, offers a tight-knit community feel. The area boasts a diverse demographic mix, including families, young professionals, and retirees. This creates a welcoming environment for new residents looking to establish roots in a peaceful setting. The housing market in Mc Shan features a range of properties, from cozy single-family homes to spacious estates. With a median home price below the national average, Mc Shan presents affordable housing options for buyers. The market has shown stability and potential for growth, making it an attractive location for both investors and homeowners. Main attractions in Mc Shan include the picturesque scenic views, outdoor recreational opportunities, and nearby historic sites. Residents can enjoy nature trails, parks, and local events that celebrate the community's heritage. Mc Shan provides a peaceful escape from city living while offering a range of amenities for a comfortable lifestyle.
Benefits of Bridge Loans in Mc Shan, Alabama
