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Navigating the process of buying a new home in Termo, 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 Termo, CA or getting it ready for the market.
Identify the new home you want to buy in Termo, 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 Termo, 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 Termo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Termo, 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 Termo, 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 Termo, 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 Termo, 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 Termo, 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 Termo, California offer numerous advantages to borrowers. These short-term loans provide quick access to funds that can bridge the gap between the purchase of a new property and the sale of an existing one. This can be especially beneficial for individuals looking to move quickly without having to wait for their current home to sell. Termo, California, a small community in Lassen County, boasts a diverse demographic mix. With a population of approximately 1000 residents, Termo offers a close-knit community feel, making it an ideal place for families and retirees alike. The town's serene surroundings and low crime rate also make it a safe and desirable location for homeowners. In recent years, the housing market in Termo, California has shown steady growth. With a median home price below the state average, Termo presents an affordable option for those looking to invest in real estate. The market provides a range of housing options, from cozy single-family homes to spacious ranch-style properties, catering to various needs and preferences. Termo, California, while known for its tranquil setting, is also home to some notable attractions. Outdoor enthusiasts can explore nearby attractions such as the Modoc National Forest and Honey Lake, offering opportunities for hiking, fishing, and camping. Additionally, the town's rich history is showcased at the Termo Museum, providing visitors with insight into the area's heritage.
The Benefits of Bridge Loans in Termo, California
