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Navigating the process of buying a new home in Princeton, 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 Princeton, AL or getting it ready for the market.
Identify the new home you want to buy in Princeton, 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 Princeton, 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 Princeton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Princeton, 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 Princeton, 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 Princeton, 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 Princeton, 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 Princeton, 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!
A bridge loan in Princeton, Alabama can be a valuable financial tool for individuals looking to purchase a new home before selling their current one. This type of loan provides short-term financing that bridges the gap between the purchase of a new property and the sale of an existing one. Demographics in Princeton, Alabama include a diverse population with a mix of young professionals, families, and retirees. The cost of living is relatively affordable, attracting individuals seeking a balance between urban and suburban lifestyles. The housing market in Princeton, Alabama is competitive yet stable. With a range of housing options available, from quaint single-family homes to modern condos, there is something for every buyer's preference and budget. Main attractions in Princeton, Alabama include its scenic parks, historical landmarks, and vibrant downtown area. Residents can enjoy outdoor activities, cultural events, and local dining options, making it an attractive place to live and explore.
Benefits of Bridge Loans in Princeton, Alabama
