Cash Back Loan

Get Money Back from Your Home Down Payment

As a new homeowner, you no doubt have a “wish list” of purchases or improvements that could enhance your property’s comfort and value.

You may also have other needs that could be met with extra cash.

With a cash back loan from American Financial Services, you can get the extra money to make those improvements or purchases by leveraging the down payment you made on your home.

How It Works ...

With a cash back loan, you take out a second mortgage for an amount up to the down payment you made on your home purchase. This allows you to:

Get cash right away. You’ll have immediate buying power to remodel, purchase new furnishings, change your home’s decor, pay off other expenses, or purchase a new car.

Enjoy possible tax savings. Unlike direct loans for home improvements, bill consolidations or auto purchases, a cash back loan may have valuable tax savings advantages. Consult a tax advisor to find out about the potential tax benefits that you may realize.