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Navigating the process of buying a new home in Panorama City, 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 Panorama City, CA or getting it ready for the market.
Identify the new home you want to buy in Panorama City, 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 Panorama City, 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 Panorama City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Panorama City, 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 Panorama City, 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 Panorama City, 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 Panorama City, 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 Panorama City, 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!
A bridge loan can offer immediate financing for homeowners in Panorama City, California, allowing them to purchase a new home before selling their current one. This type of loan provides flexibility and convenience, bridging the gap between the sale of an existing property and the purchase of a new one. Demographics in Panorama City are diverse, with a mix of families, professionals, and young individuals. The population enjoys a suburban feel with many parks and recreational facilities. The area is known for its multicultural community and vibrant street markets. The housing market in Panorama City is competitive, with a mix of single-family homes and apartments. Properties tend to sell quickly, making bridge loans a valuable tool for buyers looking to secure a new home promptly. The market offers a range of options for different budgets and preferences. Main attractions in Panorama City include the Panorama Mall, Hansen Dam Recreation Area, and the Bradley Plaza Park. The neighborhood boasts a variety of dining options, shopping centers, and outdoor spaces, making it a desirable place to live and explore.
Benefits of Bridge Loans in Panorama City, California
