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Navigating the process of buying a new home in North Hollywood, 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 North Hollywood, CA or getting it ready for the market.
Identify the new home you want to buy in North Hollywood, 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 North Hollywood, 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 North Hollywood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in North Hollywood, 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 North Hollywood, 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 North Hollywood, 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 North Hollywood, 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 North Hollywood, 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 North Hollywood provide a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan allows for quick access to capital, enabling buyers to secure their new home without the constraints of a traditional mortgage. North Hollywood, California, boasts a diverse population with a mix of young professionals, families, and artists. The community is vibrant and culturally rich, offering a variety of dining options, entertainment venues, and recreational activities. The housing market in North Hollywood is dynamic, with a range of property types available, from cozy apartments to spacious single-family homes. Bridge loans can help buyers navigate this competitive market by providing the necessary funds to secure the ideal property without delays. Some of the main attractions in North Hollywood include Universal Studios Hollywood, which offers thrilling rides and behind-the-scenes tours, and the NoHo Arts District, known for its theaters, art galleries, and unique shops. Residents also enjoy easy access to outdoor spaces like the Hollywood Hills and Griffith Park.
Benefits of Bridge Loans in North Hollywood, California
