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Navigating the process of buying a new home in Town Creek, 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 Town Creek, AL or getting it ready for the market.
Identify the new home you want to buy in Town Creek, 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 Town Creek, 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 Town Creek, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Town Creek, 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 Town Creek, 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 Town Creek, 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 Town Creek, 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 Town Creek, 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 offer quick and convenient financing solutions for homeowners in Town Creek, Alabama, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. This type of loan provides flexibility and enables individuals to secure a new property without being contingent on selling their current one. Demographics: Town Creek, Alabama, is a charming town with a population of around 1,000 residents. The community is known for its friendly atmosphere, strong sense of community, and affordable cost of living, making it an attractive destination for families and retirees alike. Housing Market: The housing market in Town Creek, Alabama, offers a mix of traditional single-family homes, spacious rural properties, and quaint historic homes. With a stable housing market and reasonable property prices, Town Creek presents opportunities for both buyers and sellers in the real estate market. Main Attractions: Some of the main attractions in Town Creek include the picturesque Wheeler Lake, ideal for fishing and boating enthusiasts, as well as the nearby Bankhead National Forest, offering hiking trails and camping sites for outdoor lovers. Additionally, the town hosts various community events and festivals throughout the year, fostering a vibrant and engaging local culture.
Benefits of Bridge Loans in Town Creek, Alabama
