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Navigating the process of buying a new home in Wedowee, 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 Wedowee, AL or getting it ready for the market.
Identify the new home you want to buy in Wedowee, 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 Wedowee, 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 Wedowee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wedowee, 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 Wedowee, 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 Wedowee, 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 Wedowee, 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 Wedowee, 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 Wedowee, Alabama offer individuals the flexibility to purchase a new home before selling their current one. This can be advantageous in a competitive market where securing a new property quickly is crucial. It eliminates the need for contingent offers, making buyers more appealing to sellers. Demographically, Wedowee boasts a population that values community and outdoor activities. With a median age of 42, the town has a mix of families and retirees creating a diverse and welcoming atmosphere. The town’s population of approximately 880 residents enjoys a peaceful and close-knit lifestyle. In terms of the housing market, Wedowee offers a range of properties from quaint single-family homes to spacious lakeside retreats. The market is stable with a mix of new developments and historic homes, providing options for different preferences and budgets. Bridge loans can help buyers capitalize on these opportunities.
Benefits of Bridge Loans in Wedowee, Alabama
