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Navigating the process of buying a new home in Mooresville, 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 Mooresville, AL or getting it ready for the market.
Identify the new home you want to buy in Mooresville, 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 Mooresville, 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 Mooresville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mooresville, 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 Mooresville, 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 Mooresville, 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 Mooresville, 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 Mooresville, 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 Mooresville, Alabama provide a valuable financial resource for individuals in need of quick funding to bridge the gap between the purchase of a new home and the sale of their existing one. These short-term loans offer several benefits, including: Mooresville, Alabama, is a charming historic town with a population of around 60 residents. The town boasts a rich history and a strong sense of community, making it an ideal place to live. The housing market in Mooresville, Alabama, is competitive, with a variety of properties available for purchase. Home prices have been stable in recent years, making it a desirable location for both buyers and sellers. Main attractions in Mooresville include the historic Mooresville Post Office, the Stagecoach Inn, and the Mooresville Brick Church, all of which offer a glimpse into the town's storied past.
Benefits of Bridge Loans in Mooresville, Alabama
