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Navigating the process of buying a new home in Panola, 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 Panola, AL or getting it ready for the market.
Identify the new home you want to buy in Panola, 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 Panola, 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 Panola, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Panola, 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 Panola, 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 Panola, 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 Panola, 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 Panola, 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 Panola, Alabama provide homeowners with the flexibility to secure a new property while awaiting the sale of their current one, preventing the need to rush into a sale at a lower price. These short-term loans offer quick access to funds, easing the transition during the buying process. Demographics: Panola, Alabama, is a quaint town with a population of around 800 residents. The community thrives on its close-knit feel, with a mix of families and retirees enjoying the peaceful surroundings. Housing Market: The housing market in Panola is stable, with a range of affordable single-family homes and parcels of land available for development. Bridge loans can help buyers secure their dream homes even before selling their existing properties. Main Attractions: Panola offers scenic outdoor activities like hiking in the nearby national forests, as well as a charming downtown area with local shops and restaurants. Residents enjoy a peaceful lifestyle with easy access to nature.
Benefits of Bridge Loans in Panola, Alabama
