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Navigating the process of buying a new home in Mount Laguna, 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 Mount Laguna, CA or getting it ready for the market.
Identify the new home you want to buy in Mount Laguna, 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 Mount Laguna, 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 Mount Laguna, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Laguna, 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 Mount Laguna, 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 Mount Laguna, 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 Mount Laguna, 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 Mount Laguna, 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 Mount Laguna, California offer a unique financial solution for homeowners looking to purchase a new home before selling their current one. These loans provide the flexibility to make a down payment on a new property while waiting for the sale of the existing home, thus preventing the need to rush the sale at a lower price. Demographically, Mount Laguna is a small mountain community located in eastern San Diego County. With a population of around 100 people, this picturesque town offers a serene environment, ideal for those seeking a peaceful retreat from the hustle and bustle of city life. The housing market in Mount Laguna is characterized by a mix of single-family homes, cabins, and vacation properties. Due to its desirable location near Cleveland National Forest, home prices can vary widely but generally offer good investment potential with the right property and market conditions. Main attractions in Mount Laguna include the Laguna Mountain Recreation Area, known for its hiking trails, camping grounds, and stunning vistas. Visitors can also enjoy outdoor activities such as fishing, birdwatching, and stargazing, making it a popular destination for nature enthusiasts and adventurers alike.
Benefits of Bridge Loans in Mount Laguna, California
