Apartment Loan Ardmore OK

Looking for information on Apartment Loan in Ardmore? We have compiled a list of businesses and services around Ardmore that should help you with your search. We hope this page helps you find Apartment Loan in Ardmore.

Realty Mortgage Corporation
(580) 223-1948
1014 W Broadway St
Ardmore, OK
 
Atterstrom Consulting Group Inc
(580) 226-0111
115 W Broadway St Ste 309
Ardmore, OK
 
Global Mortgage Corporation
(580) 226-6333
333 West Main Street Suite 245
ARDMORE, OK
Services
Mortgage Brokers

Open Mortgage Llc
(580) 226-8347
300 Sunset Dr Sw Apt 301
Ardmore, OK
 
Beneficial Mortgage CO of Oklahoma
(580) 223-7955
22 Tiffany Plaza
ARDMORE, OK
Services
Mortgage Brokers

American Home Mortgage Corp
(580) 226-2235
1408 W Broadway St
Ardmore, OK
 
First National Bank
(580) 369-2325
227 East Main
Davis, OK
 
Farm Credit
(580) 226-8859
308 South Commerce Street
ARDMORE, OK
Services
Mortgage Brokers

Archway Ending
(580) 226-8114
333 West Main Street Suite 240
ARDMORE, OK
Services
Mortgage Brokers

Citizens Bank & Trust Company - Downtown Facility
(580) 226-4610
10 West Main Street
ARDMORE, OK
Services
Mortgage Brokers

What is an Apartment Loan?

Answer:
Most people are familiar with home loans , since

most homeowners needed to borrow money in order to purchase their home.  Another type of real estate loan that is not as common is an apartment loan .  This is a loan that is used by real estate investors or property management firms to buy units in an apartment complex.

When someone uses an apartment loan to buy apartment units or condos , he or she typically rents out as many units as possible, using the rent to both pay back the loan and make money from the rental. The owner hopes that the value of the units will increase so that he or she is able to make a profit from the investment as well as collecting the monthly rent.

Apartment loans are often confused with mortgages , but the two have several large differences.  Mortgages are used to pay for both the home and the land upon which the home is built.  Apartment loans are strictly for the living units .  Someone who owns several units in a building does not own the land, but simply the units.  These units can then be rented out to tenants .

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