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Navigating the process of buying a new home in Morgan Mill, 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 Morgan Mill, TX or getting it ready for the market.
Identify the new home you want to buy in Morgan Mill, 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 Morgan Mill, 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 Morgan Mill, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Morgan Mill, 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 Morgan Mill, 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 Morgan Mill, 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 Morgan Mill, 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 Morgan Mill, 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 Morgan Mill, Texas offer a flexible financing option for homeowners who are looking to purchase a new property before selling their current one. This type of loan can help bridge the gap between the sale of the existing home and the purchase of a new one, providing homeowners with the funds they need for a down payment. This allows them to move quickly on a new home without having to wait for their old home to sell. Demographics: Morgan Mill, Texas, is a small, close-knit community with a population of around 200 residents. The town has a rural feel and is known for its picturesque countryside, friendly neighbors, and low crime rates. The majority of residents own their homes, creating a stable and tight-knit community atmosphere. Housing Market: The housing market in Morgan Mill, Texas, offers a mix of single-family homes, ranch properties, and spacious lots. With a diverse range of options, homebuyers can find properties that cater to various styles and needs. The market has been steady, with moderate appreciation rates in recent years, making it an attractive location for both families and retirees. Main Attractions: Despite its small size, Morgan Mill offers a range of outdoor activities and attractions for residents and visitors. The town is known for its beautiful hiking trails, fishing spots, and local events that celebrate the community's rich history and culture.
Benefits of Bridge Loans in Morgan Mill, Texas
