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Navigating the process of buying a new home in Montrose, CA 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, CA or getting it ready for the market.
Identify the new home you want to buy in Montrose, CA, 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, CA 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, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montrose, CA. 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, CA 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, CA 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, CA 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, CA 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 Montrose, California offer numerous advantages to residents. These short-term loans provide quick access to funds for purchasing a new home before selling the existing one. They help bridge the financial gap and alleviate the stress of timing issues in real estate transactions. When considering Montrose, California, it's important to note its diverse demographics. The area is known for its mix of young families, professionals, and retirees, creating a vibrant community. The median household income is above the national average, reflecting a strong economic base. The housing market in Montrose, California, is robust and offers various opportunities for both buyers and sellers. With a steady increase in property values over the years, investing in real estate in this area can prove to be a lucrative venture. Bridge loans can be instrumental in seizing these opportunities. Montrose, California, boasts several main attractions that make it a desirable place to live. From quaint coffee shops and boutiques to picturesque parks and hiking trails, there's something for everyone. The close proximity to Los Angeles adds to the allure of Montrose, making it a prime location for both work and leisure.
The Benefits of Bridge Loans in Montrose, California
