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Navigating the process of buying a new home in San Carlos, CA 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 San Carlos, CA or getting it ready for the market.
Identify the new home you want to buy in San Carlos, CA, 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 San Carlos, CA 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 San Carlos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Carlos, CA. 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 San Carlos, CA 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 San Carlos, CA 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 San Carlos, CA 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 San Carlos, CA 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 San Carlos offer a convenient financing solution for homeowners in transition. These loans provide quick access to funds to bridge the gap between buying a new home and selling the current one, ensuring a smoother transition period. San Carlos, California, boasts a diverse population with a strong sense of community. The city has a mix of young professionals, families, and retirees, creating a vibrant and welcoming atmosphere. The current housing market in San Carlos is competitive, with a steady demand for homes in various price ranges. Bridge loans can help buyers secure the necessary funds to make a competitive offer in this fast-paced market. Some main attractions in San Carlos include the popular Burton Park, known for its recreational facilities and community events. Additionally, the city offers a range of dining options, boutique shops, and easy access to outdoor activities in nearby natural parks.
Benefits of Bridge Loans in San Carlos, California
