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Navigating the process of buying a new home in Winnetka, 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 Winnetka, CA or getting it ready for the market.
Identify the new home you want to buy in Winnetka, 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 Winnetka, 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 Winnetka, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Winnetka, 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 Winnetka, 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 Winnetka, 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 Winnetka, 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 Winnetka, 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!
Benefits of Bridge Loans: Bridge loans offer short-term financing to bridge the gap between the purchase of a new property and the sale of the current one. They provide flexibility and speed, allowing homeowners in Winnetka to secure their dream home without waiting for their current property to sell. Demographics: Winnetka, California has a diverse population with a mix of families, young professionals, and retirees. The median household income is above the national average, making it an attractive location for homebuyers seeking a vibrant community with good economic stability. Housing Market: The housing market in Winnetka is competitive with a mix of single-family homes, condos, and apartments. The median home price has been steadily increasing, showcasing a strong demand for real estate in the area, making it a promising investment opportunity for buyers. Main Attractions: Winnetka offers a range of attractions including parks, shopping centers, and dining options. The Winnetka Recreation Center and Lanark Park are popular spots for outdoor activities, while Westfield Topanga mall caters to those seeking retail therapy and entertainment.
Bridge Loans in Winnetka, California
