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Navigating the process of buying a new home in Toney, 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 Toney, AL or getting it ready for the market.
Identify the new home you want to buy in Toney, 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 Toney, 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 Toney, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Toney, 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 Toney, 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 Toney, 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 Toney, 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 Toney, 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 Toney, Alabama offer a flexible financing option for individuals looking to purchase a new home before selling their current one. This can help avoid the stress of timing the sale and purchase perfectly. Demographically, Toney is a small, close-knit community located in Madison County, Alabama, with a population of approximately 8,000 residents. The area attracts a mix of young families and retirees seeking a peaceful rural setting. As for the housing market, Toney offers a range of options from spacious single-family homes to cozy ranch-style residences. The market is stable, with a steady increase in property values over the past few years, making it an attractive investment opportunity. Main Attractions in Toney, Alabama:
Benefits of Bridge Loans in Toney, Alabama
