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Navigating the process of buying a new home in Pinckard, 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 Pinckard, AL or getting it ready for the market.
Identify the new home you want to buy in Pinckard, 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 Pinckard, 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 Pinckard, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pinckard, 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 Pinckard, 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 Pinckard, 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 Pinckard, 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 Pinckard, 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 Benefits: Bridge loans offer a short-term financing solution for individuals looking to buy a new property before selling their existing one. This allows for quicker access to funds and a smoother transition between properties, without having to wait for the sale of the current home. Demographics: Pinckard, Alabama, is a small town with a population of approximately 700 residents. The community is tight-knit, with a mix of families and retirees. The town is known for its quiet and peaceful atmosphere, making it an ideal place for those seeking a relaxed lifestyle. Housing Market: The housing market in Pinckard offers a range of options, from cozy single-family homes to spacious estates. The market is stable, with prices that are affordable compared to nearby cities. Bridge loans can help buyers take advantage of these opportunities by providing the necessary funds to secure a property quickly. Main Attractions: Despite its small size, Pinckard has a lot to offer. The town is surrounded by scenic countryside, perfect for outdoor activities like hiking and fishing. Nearby attractions include the Dale County Lake, known for its beautiful views and recreational opportunities.
Benefits of Bridge Loans in Pinckard, Alabama
