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Home > Financial Services > Mortgage Brokers > American Funding, Inc.
American Funding, Inc.
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
They assist you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are getting your documents organized, convincing the loan company that you qualify for the loan, explain the best loan plans from various companies available within your budget, apply for the loan, obtains approval for the loan, and assist in closing the loan.
Offer Owner Financing then sell them the Mortgage Note through a simultaneous closing. Advertise that seller financing is available, with no points, and no qualifying. They work with you for a simultaneous closing that sells the mortgage note to them at the same time. They then sell them the Mortgage Note through a Simultaneous Closing. Advertise that seller financing is available, with no points, and no qualifying.
The firm buys Real Estate Contracts, Mortgages and Deeds of Trust. They pay cash, and fund their purchase of the contract simultaneously with the closing of your sale. Qualifying for conventional financing is getting increasingly stringent in today’s economy and marketplace. Prospective Buyers might be turned down for a loan, despite the fact they have good credit or good employment.
American Group Funding provides unique service to Owner Financed Mortgage Note Holders & Settlement Receivers. They and their associates are in the business of buying existing real estate contracts, mortgage notes and Deeds of Trust.
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