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Navigating the process of buying a new home in Mcadoo, TX 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 Mcadoo, TX or getting it ready for the market.
Identify the new home you want to buy in Mcadoo, TX, 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 Mcadoo, TX 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 Mcadoo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mcadoo, TX. 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 Mcadoo, TX 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 Mcadoo, TX 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 Mcadoo, TX 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 Mcadoo, TX 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 provide a convenient financing solution for those looking to buy a new home before selling their existing one. This helps avoid the stress of timing the sale and purchase perfectly. Demographics: Mcadoo, Texas, has a close-knit community with a population of around 500 residents. The town boasts a rich history and a strong sense of community that attracts families and retirees alike. Housing Market: The housing market in Mcadoo offers a mix of historic homes and modern properties. Bridge loans can help buyers secure their dream home quickly in this competitive market without waiting for their current home to sell. Main Attractions: Mcadoo is known for its picturesque countryside, outdoor recreational activities, and local festivals. Residents enjoy a peaceful, small-town lifestyle with easy access to amenities and natural beauty.
Benefits of Bridge Loans in Mcadoo, Texas
