Get Approved at The Lowest Rate
Navigating the process of buying a new home in Myrtlewood, 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 Myrtlewood, AL or getting it ready for the market.
Identify the new home you want to buy in Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, Alabama offer a crucial financial solution for those in need of short-term funding to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide flexibility and quick access to capital, allowing individuals to secure their dream homes without being burdened by the timing of property sales. Demographics: Myrtlewood, Alabama, is a charming town with a population of approximately 2000 residents. The community is known for its tight-knit feel, friendly neighbors, and a strong sense of local pride. The town boasts a diverse demographic mix, with residents from various age groups and backgrounds coming together to create a vibrant and inclusive community. Housing Market: The housing market in Myrtlewood, Alabama, is stable and offers a range of options for prospective homebuyers. The average home price in the area is competitive, making it an attractive location for those looking to purchase property. With the help of bridge loans, buyers can take advantage of the favorable market conditions and secure their desired homes quickly and efficiently. Main Attractions: Myrtlewood, Alabama, is renowned for its natural beauty and outdoor recreational opportunities. Residents and visitors alike can enjoy exploring the town's parks, hiking trails, and scenic views. The area also has a rich cultural history, with museums, galleries, and local events showcasing the town's heritage and traditions.
Bridge Loans in Myrtlewood, Alabama
