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Navigating the process of buying a new home in Old Glory, TX 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 Old Glory, TX or getting it ready for the market.
Identify the new home you want to buy in Old Glory, TX, 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 Old Glory, TX 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 Old Glory, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Old Glory, TX. 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 Old Glory, TX 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 Old Glory, TX 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 Old Glory, TX 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 Old Glory, TX 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 Old Glory, Texas offer a convenient short-term financing solution for homeowners looking to purchase a new home before selling their current one. These loans provide financial flexibility, allowing individuals to bridge the gap between buying a new property and selling their existing one. Demographically, Old Glory is a charming small town located in Texas, known for its close-knit community and picturesque surroundings. With a population of around 200 residents, it offers a peaceful and welcoming environment for families and retirees alike. The housing market in Old Glory is dynamic, with a mix of historic homes and modern properties. Bridge loans play a crucial role in this market by facilitating quick transactions and enabling buyers to secure their dream homes without delays. The availability of bridge loans helps stimulate real estate activity in the area. Main attractions in Old Glory include the scenic countryside, ideal for outdoor enthusiasts and nature lovers. The town also boasts historic landmarks, local shops, and cultural events that showcase the rich heritage of the region. Residents enjoy a laid-back lifestyle with easy access to recreational activities.
Benefits of Bridge Loans in Old Glory, Texas
