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Navigating the process of buying a new home in Reform, 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 Reform, AL or getting it ready for the market.
Identify the new home you want to buy in Reform, 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 Reform, 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 Reform, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Reform, 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 Reform, 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 Reform, 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 Reform, 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 Reform, 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 in Reform, Alabama offer various benefits to individuals and businesses looking to bridge financial gaps. These short-term loans provide quick access to funds, helping borrowers finance the purchase of a new property while awaiting the sale of an existing one. They are a convenient option for those seeking flexibility and speed in real estate transactions. Demographics in Reform, Alabama depict a vibrant community with a mix of ages and ethnicities. The population is characterized by a strong sense of community and a welcoming atmosphere. Residents enjoy a diverse range of amenities, including parks, schools, and local businesses, making it an attractive place to live and work. The housing market in Reform, Alabama is showing promising signs of growth and stability. With a steady increase in property values and a growing demand for housing, the market presents opportunities for both buyers and sellers. Bridge loans can facilitate smoother transactions in this competitive market, allowing individuals to secure their dream homes without delays.
Benefits of Bridge Loans in Reform, Alabama
