If you are in the business of buying and selling properties, are looking to construct the home of your dreams, or simply need some money to purchase a home, you will need to get the financing squared away before you can move ahead. People often get stuck on this important step due to a lack of overall financial knowledge and an oversaturation of lenders looking to take advantage of the consumer. That’s why All American Financial Services is such a great option. We are a professional loan service provider that can help you accomplish your goals with financing options that are easy to understand and fair. Below, we will touch on three intriguing types of loans that are offered from All American Financial Services
1. Commercial Loans
All American Financial Services offers commercial loans to those that are looking to purchase properties like commercial buildings, apartments, or office buildings. These properties can be truly great investments, but typically require a lot of capital to purchase. That’s why a commercial loan is such a great option. With a commercial loan, the property will serve as the collateral for the loan. All American Financial Services has expert appraisers that can help you come up with an accurate value for the property so that you get a good value for your loan. If you are interested in investing in commercial real estate but are wondering where to obtain the proper financing, look no further than All American Financial Services.
2. Construction Loans
All American Financial Services offers two types of construction loans, construction-to-permanent, and stand-alone construction. One of the main things to know about construction-to-permanent loans is that you are borrowing money up front for the construction of the house. After the house is done being constructed and you move in, the loan is converted into a mortgage. With the stand-alone construction loan, one loan pays for the construction and the second loan pays off the construction loan debt.
3. Conventional Loan
We also offer conventional loans for people that are interested in purchasing a single family home. You typically need to come up with a 20% minimum down payment or equity with a conventional loan. Conventional loans provide a lot of different options and can help you purchase the home of your dreams for you and your family. Contact All American Financial Services today if you have any questions about conventional loans.
We hope this article has given you some great ideas about what kind of loans are offered from All American Financial Services. There are other loan types that we offer as well like First Time Buyer loans, FHA loans, 100% financing loans, Private Money loans, and much more. Our goal is to provide diverse financing options in a convenient and customer-centric way. Contact All American Financial Services today if you are seeking financing or would like to learn more about all of our different financing options.