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Navigating the process of buying a new home in Mulga, 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 Mulga, AL or getting it ready for the market.
Identify the new home you want to buy in Mulga, 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 Mulga, 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 Mulga, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mulga, 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 Mulga, 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 Mulga, 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 Mulga, 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 Mulga, 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 Mulga, Alabama offer numerous advantages for those looking to buy a new home before selling their current one. These short-term loans provide immediate funds for down payments, allowing borrowers to secure their dream home without the stress of timing the sale of their existing property. Demographics: Mulga, Alabama is a small town with a population of approximately 750 residents. The community is diverse, with a mix of families, young professionals, and retirees. The town has a close-knit feel, making it an ideal place for those seeking a tight-knit community. Housing Market: The housing market in Mulga, Alabama is stable, with affordable home prices compared to nearby urban areas. Bridge loans can help buyers take advantage of these favorable market conditions and secure a new home quickly. Main Attractions: Mulga, Alabama is known for its scenic beauty, with plenty of outdoor recreational opportunities such as hiking, fishing, and camping. The town also has a rich historical heritage, with several museums and cultural attractions for residents and visitors to enjoy.
Benefits of Bridge Loans in Mulga, Alabama
