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Navigating the process of buying a new home in Montrose, 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 Montrose, AL or getting it ready for the market.
Identify the new home you want to buy in Montrose, 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 Montrose, 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 Montrose, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montrose, 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 Montrose, 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 Montrose, 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 Montrose, 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 Montrose, 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 provide a valuable financial solution for homebuyers in Montrose, Alabama. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing property. They offer quick access to funds, enabling buyers to secure their new dream home without the stress of timing issues. Diving into the demographics of Montrose, Alabama, you'll find it to be a quaint and picturesque community with a population of roughly 1,500 residents. The town boasts a strong sense of community spirit and is known for its friendly and welcoming atmosphere, making it an ideal place to settle down and raise a family. When it comes to the housing market, Montrose offers a variety of housing options, from historic cottages to modern waterfront estates. The market is characterized by steady demand and a stable pricing trend, making it an attractive location for both buyers and sellers. With the help of bridge loans, homebuyers can capitalize on this market dynamic and make their dream home a reality. Montrose, Alabama, is also home to a range of main attractions, including the picturesque Fairhope Pier, the charming downtown area lined with boutique shops and eateries, and easy access to outdoor recreational activities along the stunning Mobile Bay. Residents enjoy a high quality of life with a perfect blend of small-town charm and modern conveniences.
The Benefits of Bridge Loans in Montrose, Alabama
