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Navigating the process of buying a new home in Millbrook, 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 Millbrook, AL or getting it ready for the market.
Identify the new home you want to buy in Millbrook, 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 Millbrook, 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 Millbrook, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Millbrook, 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 Millbrook, 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 Millbrook, 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 Millbrook, 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 Millbrook, 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 Millbrook, Alabama offer a valuable financial solution for homebuyers. These loans provide immediate funds to purchase a new home before selling the existing one. This flexibility eliminates the stress of timing the sale of one property with the purchase of another. Demographics in Millbrook, Alabama show a diverse population with a mix of families, young professionals, and retirees. The town's friendly community atmosphere and peaceful surroundings make it an ideal location to settle down. With various housing options available, Millbrook appeals to individuals from different walks of life. The housing market in Millbrook, Alabama is thriving, offering a range of affordable and upscale properties. The town's real estate market has shown steady growth over the years, making it a lucrative investment opportunity. Bridge loans facilitate quick property acquisitions, allowing buyers to take advantage of favorable market conditions. Millbrook, Alabama boasts numerous attractions, including outdoor recreational areas, historical sites, and cultural events. Residents and visitors can enjoy activities such as hiking in scenic parks, exploring local museums, and attending community festivals. The town's charm and amenities make it a desirable place to live and visit.
Benefits of Bridge Loans in Millbrook, Alabama
