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Navigating the process of buying a new home in Studio City, 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 Studio City, CA or getting it ready for the market.
Identify the new home you want to buy in Studio City, 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 Studio City, 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 Studio City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Studio City, 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 Studio City, 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 Studio City, 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 Studio City, 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 Studio City, 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!
A bridge loan in Studio City, California, offers a valuable financing solution for homeowners looking to purchase a new property before selling their current one. These loans provide quick access to funds, allowing for a seamless transition between homes without the stress of waiting for a sale. Demographically, Studio City is known for its diverse population, with a mix of young professionals, families, and retirees. The area boasts a bustling urban center with trendy shops, restaurants, and entertainment options, making it an attractive location for those seeking a vibrant community. In terms of the housing market, Studio City offers a range of property types, from modern condos to spacious single-family homes. With a competitive market and rising prices, a bridge loan can give buyers a competitive edge by enabling them to secure a new home quickly and confidently. Main attractions in Studio City include the iconic CBS Studio Center, the scenic Wilacre Park, and the lively Ventura Boulevard, lined with cafes and boutiques. Residents also enjoy easy access to hiking trails in the nearby Santa Monica Mountains.
Benefits of Bridge Loans in Studio City, California
