American General Loans

2007-10-25 14:13:38

( Financial )



Background of American General Financial Services

American General started in 1920 for the purpose of underwriting vehicle sales. It has since then expanded to small consumer loans and other financing packages over the years. The company went public in 1960 and saw continuing expansion through acquisition of other companies and establishment of more branch offices.

A few years ago, the American International Group or AIG bought American General. Under this new wing, the company has continued to expand.

American General has continued to grow, and currently has over one thousand branches and two million customers.

American General Financing Packages for Real Estate

American General offers several types of residential loans depending on your needs. Like Wells Fargo mortgages, American General offers real estate mortgage loans on fixed or adjustable rates.

Your down payment also allows you to get a cash back loan from American General, in case you need cash for emergencies, education, home improvement or other purposes. You can also get a home equity loan if you have been paying for your loan for quite some time.

If you specifically want to remodel or make repairs on your home, you can get a home improvement loan from American General.

An interesting American General financing package is the contract for deed loan, and is for individuals who are have been paying installments on real property. Instead of having to wait until you finish paying installments in order to get the title, you can apply for a contract for deed loan. American General will pay the owner in full and then place the property's title in your name. In turn, you transfer your liability from the owner to American General. Although the title is in your name, American General will release it to you only after you have finished paying for the loan.

American General Loans for Merchants

Merchants can also American General financing in the form of revolving lines of credit. The revolving line of credit will help you fill any temporary shortages in working capital.

You can acquire company assets with American General's installment financing packages.

Benefits of American General Loans

American General loans are very flexible, and you can choose from several payment plans. The options apply to both consumer and business loans. You don't have to go to a branch in order to pay for your loan, as you can send payment online.

It will take only minutes to apply for American General loans online, and you can get the approval through e-mail or fax.


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