American General Financial Services

Personal Loan Solutions

Partial mortgage purchase

Get cash - and keep the rights to your mortgage

You've sold your property and taken back a first or second mortgage from the buyer. Now the buyer is making payments to you - you want or need cash but don't want to give up your mortgage.

A partial mortgage purchase may be your best solution, getting you cash now while accommodating your desire to keep the mortgage.

How it works

A partial mortgage purchase is the purchase of a portion of an existing first or second mortgage for a specified time. After the time expires, full ownership of the mortgage returns to you.

A partial mortgage purchase:

  • Gets you cash right away. Get the money you need, immediately, for capital for additional investment or whatever you want.
  • Eliminates hassles. Collecting and processing payments is not your concern during the time AGFS holds the mortgage.
  • Preserves your mortgage. Once we're paid, the mortgage is returned to you and all associated benefits are again yours.

How to apply

Call or drop by your local American General Financial Services office today and ask one of our financial specialists about the benefits of a partial mortgage purchase loan.*

To get started, apply online, contact the branch nearest you, or call us toll-free at 1-877-632-7242.

We also offer Full Mortgage Purchase Loans.

* All loans subject to our normal credit policies.