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Navigating the process of buying a new home in Pine Hill, 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 Pine Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Pine Hill, 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 Pine Hill, 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 Pine Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pine Hill, 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 Pine Hill, 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 Pine Hill, 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 Pine Hill, 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 Pine Hill, 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 offer a convenient financing solution for individuals looking to purchase a new home before selling their existing property. In Pine Hill, Alabama, these loans provide flexibility and ease the transition between homes, allowing homeowners to bridge the gap financially. Demographics: Pine Hill, Alabama, is a small town with a population of approximately 975 residents. The town boasts a diverse community with a mix of families, retirees, and young professionals. The warm and welcoming atmosphere makes it an ideal place to call home. Housing Market: The housing market in Pine Hill is stable, offering a range of housing options from single-family homes to charming country cottages. With the median home price at an affordable level, it presents a great opportunity for both buyers and sellers. Bridge loans can facilitate quick transactions in this market. Main Attractions: Pine Hill is known for its natural beauty and outdoor recreational activities. Residents and visitors alike can enjoy hiking in the nearby forests, fishing in the local lakes, and exploring the historic downtown area. The town's picturesque surroundings make it a desirable location to live and invest in property.
The Benefits of Bridge Loans in Pine Hill, Alabama
