Apartment Loan Dover DE

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

First Capitol Mortgage Inc
(302) 674-5540
1326 South Governors Avenue
Dover, DE
 
Delaware State Housing Authority
(302) 739-4263
18 The Green
Dover, DE
 
Premier Mortgage Capital
(302) 346-6000
1675 S State St
Dover, DE
 
Bruce W. Marvel Agency
(302) 678-2737
160 Greentree Dr
Dover, DE
 
Allstate Insurance Steve Hallsted
(302) 734-2100
1005 W State College Road Ste 103
Dover, DE
 
Wells Fargo Bank Na
(302) 672-1200
250 Beiser Blvd
Dover, DE
 
First Preference Mtg Corp
(302) 674-2700
19 S State St
Dover, DE
 
Delaware Bankers Association
(302) 678-8600
8 W. Loockerman Street, Suite 200
Dover, DE
 
First Horizon Home Loans
(302) 734-5770
31 Saulsbury Rd
DOVER, DE
Services
Mortgage Brokers

Wells Fargo Financial
(302) 734-3611
49 Greentree Drive
DOVER, DE
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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