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Navigating the process of buying a new home in Merit, 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 Merit, TX or getting it ready for the market.
Identify the new home you want to buy in Merit, 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 Merit, 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 Merit, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Merit, 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 Merit, 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 Merit, 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 Merit, 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 Merit, 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!
Bridge loans in Merit, Texas provide a crucial financing solution for individuals looking to purchase a new home before selling their current one. These loans offer flexibility, allowing homeowners to access funds quickly without having to wait for their existing property to sell. Demographics: Merit, Texas, boasts a diverse population with a mix of families, young professionals, and retirees. The town is known for its tight-knit community and friendly atmosphere, making it an ideal place to raise a family or settle down. Housing Market: The housing market in Merit, Texas, offers a range of options from quaint single-family homes to spacious ranch-style properties. With competitive prices and a stable market, investing in real estate in Merit is a sound decision for both homeowners and investors. Main Attractions: Merit, Texas, is home to scenic parks, charming local shops, and delicious dining options. Residents can enjoy outdoor activities like hiking and picnicking, as well as exploring the town's rich history and culture.
Benefits of Bridge Loans in Merit, Texas
