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Navigating the process of buying a new home in Palos Verdes Peninsula, 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 Palos Verdes Peninsula, CA or getting it ready for the market.
Identify the new home you want to buy in Palos Verdes Peninsula, 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 Palos Verdes Peninsula, 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 Palos Verdes Peninsula, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palos Verdes Peninsula, 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 Palos Verdes Peninsula, 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 Palos Verdes Peninsula, 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 Palos Verdes Peninsula, 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 Palos Verdes Peninsula, 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 Palos Verdes Peninsula provide a valuable financial solution for homeowners looking to purchase a new home before selling their current one. This type of loan offers short-term financing to bridge the gap between the sale of the existing home and the purchase of a new one. The Palos Verdes Peninsula, located in Southern California, is an affluent area known for its stunning coastal views and upscale neighborhoods. The demographics of the area include a mix of professionals, families, and retirees, all attracted to the area for its high quality of life and scenic beauty. The housing market in Palos Verdes Peninsula is competitive, with a mix of luxury estates, single-family homes, and upscale condos. Property values are generally high, making it a desirable location for real estate investment. Bridge loans offer homeowners the flexibility to secure a new property quickly without the pressure of timing the sale of their current home. Some of the main attractions in Palos Verdes Peninsula include the scenic Point Vicente Lighthouse, beautiful Terranea Resort, and numerous hiking trails with breathtaking views of the Pacific Ocean. Residents also enjoy easy access to upscale shopping, dining, and entertainment options in nearby cities.
Benefits of Bridge Loans in Palos Verdes Peninsula, California
