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Navigating the process of buying a new home in Ward, 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 Ward, AL or getting it ready for the market.
Identify the new home you want to buy in Ward, 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 Ward, 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 Ward, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ward, 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 Ward, 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 Ward, 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 Ward, 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 Ward, 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 Ward, Alabama provide a valuable financing solution for individuals looking to purchase a new home before selling their current one. This type of loan offers flexibility, allowing borrowers to access funds quickly and bridge the gap between selling their existing property and buying a new one. Demographically, Ward, Alabama boasts a diverse population with a strong sense of community. The area is home to families, young professionals, and retirees, creating a vibrant and inclusive environment. With a growing economy and excellent schools, Ward is an attractive location for individuals and families looking to settle down. In terms of the housing market, Ward, Alabama offers a range of housing options to suit different preferences and budgets. From spacious single-family homes to modern apartments, there is something for everyone in this thriving community. The housing market in Ward is competitive yet stable, making it a prime location for real estate investments. Some of the main attractions in Ward, Alabama include beautiful parks, charming downtown areas, and a variety of recreational activities. Residents and visitors can enjoy outdoor adventures, cultural experiences, and local dining options, making Ward a dynamic and exciting place to live or visit.
Benefits of Bridge Loans in Ward, Alabama
