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Navigating the process of buying a new home in Westlake Village, CA 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 Westlake Village, CA or getting it ready for the market.
Identify the new home you want to buy in Westlake Village, CA, 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 Westlake Village, CA 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 Westlake Village, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Westlake Village, CA. 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 Westlake Village, CA 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 Westlake Village, CA 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 Westlake Village, CA 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 Westlake Village, CA 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 Westlake Village offer several benefits to homebuyers and sellers. These short-term loans can provide immediate funds to bridge the gap between buying a new home and selling a current one. They offer flexibility and convenience by allowing homeowners to make a competitive offer without contingencies, giving them a stronger negotiating position. Demographics: Westlake Village, located in southern California, is known for its affluent community with a population that values top-notch amenities and a high quality of life. The majority of residents are well-educated professionals and families seeking a peaceful suburban environment with easy access to urban centers. Housing Market: Westlake Village's real estate market is characterized by high property values and a stable economy. The area offers a mix of luxury homes, modern townhouses, and upscale apartments, making it attractive to a diverse range of buyers. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Westlake Village boasts beautiful parks, scenic hiking trails, and a vibrant shopping and dining scene. The city's proximity to the stunning Malibu beaches and Santa Monica Mountains provides residents with endless outdoor recreational opportunities, making it an ideal place to live for those who enjoy an active lifestyle.
Benefits of Bridge Loans in Westlake Village, California
