Apartment Loan Silver City NM

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

Bank of America
(575) 388-1903
119 W. 11th Street
Silver City, NM
Type
Banking Center

Wells Fargo Home Mortgage
(505) 538-0027
12 Pope
SILVER CITY, NM
Services
Mortgage Brokers

Ambank
(505) 534-0550
610 Silver Heights Boulevard
SILVER CITY, NM
Services
Mortgage Brokers

Bank of America - Grant County
(575) 388-1903
1203 N. Hudson St.
Silver City, NM
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday 9-12
Sunday Closed

Bank of America Banking Center
(505) 388-1903
1203 N Hudson St
SILVER CITY, NM
Services
Mortgage Brokers

Acordia Mountain West
(505) 388-1555
1380 Highway 180 E
Silver City, NM
 
Gold Star Mortgage
(505) 388-2288
2105 Memory Lane
SILVER CITY, NM
Services
Mortgage Brokers

Raymond James Financial Services
(505) 388-3121
1st Nm Bank
SILVER CITY, NM
Services
Mortgage Brokers

Hometown Mortgage of New Mexico
(505) 534-2945
212 East 12th Street
SILVER CITY, NM
Services
Mortgage Brokers

Wells Fargo - Silver City Main
(575) 956-1501
1201 N Pope St
Silver City, NM
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

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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