[Sandy, October 13, 2016] – American Loans, one of the leading mortgage companies in Utah, provides access to investment property loans. They also shared benefits and considerations when getting a loan.

Investment and Rental Properties

American Loans says the loan program is for clients who are interested in owning an investment property or purchasing a second home. The program also offers a gateway into investment property loans for those who want a vacation, rental, or residential property.

The mortgage company explains the advantages clients can get from this loan program. They can fund around ten properties maximum and allow clients to have one to four units. The rates range from 4.25 percent to 4.50 percent and it will depend on the qualifications the clients pass. For renovation loans, they can provide around 75 percent of the future appraised value. In addition, those who have scores of 620+ in Purchase or Refinance can get up to 85 percent of value.

Considerations of the Loan Program

American Loans clarifies that getting an investment property loan in Utah differs from a typical mortgage. They advise clients to do thorough research before purchasing an investment property. They instruct clients to analyze the risks and benefits involved in the investment.

The mortgage company says clients should identify all the factors first, including short and long-term profitability, duration of the investment, and type of property to invest in. They believe clients should think about all mortgage opportunities before making any promises.

About American Loans

American Loans has served their clients for over 21 years. They are a part of the Better Business Bureau who gave them the A+ Rating, which is the highest rate a business can receive. They aim to assist clients who have trouble getting an approval from other loan companies and they do it with lower costs and better rates. The mortgage company guarantees clients the comprehensive communication and the most affordable mortgage rate in Salt Lake City.

Head on to http://www.americanloans.com/ now to find your best rate.