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Navigating the process of buying a new home in Mount Meigs, 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 Mount Meigs, AL or getting it ready for the market.
Identify the new home you want to buy in Mount Meigs, 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 Mount Meigs, 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 Mount Meigs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Meigs, 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 Mount Meigs, 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 Mount Meigs, 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 Mount Meigs, 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 Mount Meigs, 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 Mount Meigs, Alabama offer a convenient financing solution for homeowners looking to purchase a new property before selling their current one. This loan provides short-term funds that bridge the gap between the sale of the existing home and the purchase of a new one, offering flexibility and peace of mind during the transition. Demographically, Mount Meigs is a charming town located in Montgomery County, Alabama, with a population of approximately 1,100 residents. The community is diverse and welcoming, offering a mix of suburban and rural living experiences with a strong sense of community and connection among its residents. When it comes to the housing market, Mount Meigs boasts a mix of historic homes, modern developments, and spacious properties, catering to a range of preferences and budgets. The market is stable and offers opportunities for both buyers and sellers, making it an attractive location for those seeking a peaceful yet convenient living environment. Main attractions in Mount Meigs include the historic Mount Meigs Institute, known for its educational legacy, and the picturesque Mount Meigs Community Center, a hub for local events and gatherings. The town also offers access to outdoor recreational activities, such as hiking trails and parks, making it an ideal location for nature lovers and outdoor enthusiasts.
Benefits of Bridge Loans in Mount Meigs, Alabama
