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Navigating the process of buying a new home in Wilmer, 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 Wilmer, AL or getting it ready for the market.
Identify the new home you want to buy in Wilmer, 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 Wilmer, 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 Wilmer, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wilmer, 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 Wilmer, 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 Wilmer, 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 Wilmer, 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 Wilmer, 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 Wilmer, Alabama offer numerous benefits to homebuyers and property investors. One major advantage is the quick access to funds, allowing individuals to secure a new property without having to wait for their current home to sell. This can be particularly advantageous in a competitive market where properties are selling fast. Demographically, Wilmer is a diverse community with a mix of families, retirees, and young professionals. The area is known for its friendly neighborhoods and strong sense of community. With a lower cost of living compared to larger cities, Wilmer offers residents a more affordable lifestyle while still being within a short drive of urban amenities. The housing market in Wilmer is growing steadily, offering a range of properties from single-family homes to larger estates. The median home price is affordable, making it an attractive destination for first-time homebuyers and those looking to invest in real estate. With the help of bridge loans, individuals can take advantage of these opportunities and secure their dream home. Main Attractions in Wilmer, Alabama:
The Benefits of Bridge Loans in Wilmer, Alabama
