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Navigating the process of buying a new home in Point Clear, 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 Point Clear, AL or getting it ready for the market.
Identify the new home you want to buy in Point Clear, 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 Point Clear, 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 Point Clear, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Point Clear, 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 Point Clear, 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 Point Clear, 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 Point Clear, 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 Point Clear, 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!
Benefits: Bridge loans provide a flexible financing option for homeowners who need to purchase a new home before selling their current one. This allows homeowners to avoid missing out on their dream home while waiting for their current property to sell. Demographics: Point Clear, Alabama, is a charming town located on the eastern shore of Mobile Bay. With a population of approximately 2,100 residents, Point Clear offers a tight-knit community feel perfect for families and retirees alike. Housing Market: The housing market in Point Clear is stable and offers a mix of historic homes and newer construction. The median home value in the area is around $400,000, with a variety of housing options to suit different tastes and budgets. Main Attractions: Point Clear is known for its picturesque views of Mobile Bay, perfect for outdoor enthusiasts and nature lovers. The Grand Hotel Golf Resort & Spa is a popular attraction, offering luxury accommodations and world-class golfing experiences.
Benefits of Bridge Loans in Point Clear, Alabama
