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Navigating the process of buying a new home in Wellington, 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 Wellington, AL or getting it ready for the market.
Identify the new home you want to buy in Wellington, 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 Wellington, 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 Wellington, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wellington, 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 Wellington, 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 Wellington, 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 Wellington, 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 Wellington, 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!
Benefits of Bridge Loans: Bridge loans can provide quick financing for individuals looking to purchase a new home before selling their current one, allowing for a smoother transition between properties. These loans offer flexibility and convenience, enabling homeowners to seize opportunities without the stress of waiting for their current home to sell. Demographics: Wellington, Alabama, is a small town with a close-knit community. The population consists of diverse age groups, with a mix of families, retirees, and young professionals. The town has a strong sense of community spirit and offers a peaceful and safe environment for residents. Housing Market: Wellington's housing market is stable with a variety of properties available, ranging from single-family homes to spacious estates. The town offers affordable housing options, making it an attractive location for first-time buyers and those looking to invest in real estate. With the help of bridge loans, potential homeowners can navigate the market more effectively. Main Attractions: Wellington boasts picturesque landscapes, including scenic parks and nature trails, making it ideal for outdoor enthusiasts. The town is also home to charming local shops, restaurants, and cultural venues, providing residents with a vibrant and fulfilling lifestyle.
Bridge Loans in Wellington, Alabama
