The Biggest Mistakes Potential Homebuyers are Making Right Now

Are you making it harder on yourself to buy real estate? Read this article to uncover the worst mistakes homebuyers are making.
Jun 19, 2024

Homeownership remains a cornerstone of the American dream, but navigating today's market presents unique challenges. With higher mortgage rates, rising home prices, and a limited inventory of homes for sale, buyers must tread carefully.

Here are some of the biggest mistakes homeowners are making right now and how to avoid them.

1. Skipping Pre-approval

One of the first and most crucial steps in the homebuying process is obtaining a mortgage pre-approval. This step provides a clear picture of what you can afford and strengthens your offer when you find the right home. However, many buyers still neglect this essential step.

Without pre-approval, you might find yourself scrambling at the last minute to secure financing, which can lead to missed opportunities.

Pro Tip: Get pre-approved before you start your home search. This not only helps you understand your budget but also shows sellers that you're a serious buyer.

2. Holding Out for Perfection

It's natural to have a list of must-haves for your dream home. However, in today's competitive market, holding out for a perfect home that meets every single criterion can lead to disappointment and prolonged searches. With inventory still low, it's important to be flexible and realistic about your expectations.

Pro Tip: Prioritize your must-haves and be open to compromise. Look for a home with good bones that meets most of your needs and offers potential for future upgrades.

3. Overextending Financially

The temptation to stretch your budget to secure a desirable property is strong, especially with the current high prices and mortgage rates. However, buying more house than you can comfortably afford can lead to financial strain and potential regret. Focus on what you can reasonably handle in terms of monthly payments, rather than just the maximum loan amount you qualify for.

Pro Tip: Discuss with your real estate agent and financial advisor to understand how different mortgage rates affect your monthly payments. Aim to keep your housing costs manageable in relation to your overall financial obligations.

4. Overlooking Additional Costs

The sticker price of a home isn't the only cost to consider. Many buyers overlook the additional expenses associated with homeownership, such as property taxes, insurance, maintenance, and potential homeowners association (HOA) fees. These costs can add up quickly and impact your overall budget.

Pro Tip: Create a comprehensive budget that includes all potential expenses. This will give you a more accurate picture of what you can afford and help you avoid financial surprises down the road.

5. Failing to Plan for the Future

When buying a home, it's essential to think beyond your immediate needs. Consider your long-term plans and how the property will fit into them. For instance, if you plan to start a family, ensure the home has enough space to accommodate future growth. Alternatively, if you're nearing retirement, think about accessibility and maintenance needs.

Pro Tip: Work with your real estate agent to find a home that not only meets your current needs but also aligns with your future plans.

6. Neglecting to Work with Professionals

The importance of a knowledgeable mortgage pro and real estate agent cannot be overstated. An experienced professional can provide valuable insights, guide you through the process, and help you avoid common pitfalls. Yet, some buyers attempt to go it alone or put if off til the last minute, which can lead to costly mistakes and missed opportunities.

Pro Tip: Partner with a trusted mortgage professional and real estate agent who knows the local programs and market well. Their expertise can help you navigate the complexities of home buying, and financing, and make informed decisions.

7. Ignoring the Home Inspection

Skipping the home inspection to speed up the process or save money is a risky move. A thorough home inspection can uncover potential issues that may not be immediately visible, such as structural problems, electrical issues, or plumbing defects.

Pro Tip: Always schedule a home inspection before finalizing the purchase. This step can save you from expensive repairs and provide peace of mind.

Conclusion

Navigating the current real estate market requires careful planning, realistic expectations, and informed decision-making. By avoiding these common mistakes, you can enhance your homebuying experience and secure a property that meets your needs both now and in the future. Remember, leaning on the expertise of professionals can be your greatest asset in making sound decisions and achieving your homeownership goals.

AMERICAN FINANCIAL LOANS LLC Company Privacy Policy 

 

Privacy Policy

Protecting the privacy and confidentiality of our customers is very important to us. As we continue to improve and expand our services, we recognize our customers’ need and desire to preserve their privacy. We have adopted standards that help maintain and preserve the confidentiality of customers’ nonpublic personal information. The following statement affirms our continued efforts to safeguard customer information.

Information We Collect

We collect nonpublic personal information about our customers as may be necessary to conduct business with them. We collect this information from the following sources:

  1. Information we receive from you on applications or other forms, over the telephone or in face-to-face meetings, and via the Internet. Examples of information we receive from you include your name, address, telephone number, social security number, credit history, and other financial information.
  2. Information about your transactions with us or others. Examples of information related to your transactions include payment histories, account balances, and account activity.
  3. Information we receive from a consumer reporting agency. Examples of information from consumer reporting agencies include your credit score, credit reports, and other information relating to your creditworthiness.
  4. From employers and others to verify the information you have given to us. Examples of information provided by employers and others include verifications of employment, income, or deposits.
  5. No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.

Use of Consent for Text Messages

To ensure that individuals give their explicit permission to receive text messages, we have implemented a checkbox consent on our website. By doing so, users must actively opt-in to receive text messages, rather than being automatically enrolled in a messaging program.

The consent statement will include: “I agree to receive text messages from National Home Mortgage at the phone number provided.” Additionally, a link to this privacy policy is provided where users can find more information about how their data will be used.

Information We Disclose

Your personal information will only be retained for the purpose of providing you with our response to your query and will not be made available to any third party except as necessary to be disclosed to any related entity for the intended purpose or as required to be disclosed under the law.

By submitting data on our website, the visitor is providing explicit consent to the transmission of data collected on the website.

We treat data as confidential within our firm and require strict adherence by all our employees to data protection and our confidentiality policies.

No-Sharing Policy

We do not share phone numbers collected for SMS consent with third parties for marketing purposes, nor do we disclose them to other companies. Any phone number provided for receiving text messages will only be used for that specific purpose and will not be shared or disclosed without the user’s explicit consent.

Links to Other Sites

All visitors should be aware that our website may contain links to other sites that are not governed by this or any other privacy statement.

Amendments to the Policy

We reserve the right to amend (that is, add to, delete, or change) the terms of this Privacy Statement from time to time.


AMERICAN FINANCIAL LOANS LLC

 

Terms of Use

YOUR USE OF THIS APPLICATION AND YOUR TRANSACTIONS CONDUCTED WITH THE COMPANY IN CONNECTION WITH THIS APPLICATION ARE SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS, ALSO REFERRED TO AS "TERMS OF USE". CLICKING ONTO PAGES BEYOND THE APPLICATION 'S HOMEPAGE CONSTITUTES YOUR ACCEPTANCE OF AND AGREEMENT WITH THE TERMS OF USE WHETHER OR NOT YOU COMPLETE A TRANSACTION WITH THE COMPANY AND WHETHER OR NOT YOU COMPLETE YOUR TRANSACTION ON THE APPLICATION OR THROUGH OTHER CHANNELS, SUCH AS BY PHONE, BY Email, FACSIMILE OR OTHERWISE. IF YOU DO NOT AGREE TO THE TERMS OF USE, YOU MAY NOT USE THIS APPLICATION.

 

Terms of Use

Application Ownership

This application is owned and operated by AMERICAN FINANCIAL LOANS LLC 22710 S Stoney Island Ave Crete, IL 60417, which is referred to below as "American Financial Loans LLC” or "we" or "us" or "Company" or "our."

Permitted Use

You agree that:

1.     your use of this application is subject to and governed by these Terms of Use,

2.     you will only access or use this application and transact business with us if you are at least 18 years old,

3.     you will comply with and be bound by these Terms of Use as they appear on this application each time you access and use this application,

4.     each use of this application by you indicates and confirms your assent to and agreement to be bound by these Terms of Use, and

5.     these Terms of Use are a legally binding agreement between you and American Financial Loans LLC that will be enforceable against you.

You agree that you will not use or attempt to use this application for any purpose other than conducting mortgage banking related business with American Financial Loans LLC as a bona fide client of American Financial Loans LLC; you may not use or attempt to use this application or any part of this application for any purpose:

1.     that interferes with or induces a breach of the contractual relationships between American Financial Loans LLC and its employees,

2.     that is any way unlawful or prohibited, or that is harmful or destructive to anyone or their property,

3.     that transmits any advertisements, solicitations, schemes, spam, flooding, or other unsolicited Email, unsolicited commercial communications,

4.     that transmits any harmful or disabling computer codes or viruses,

5.     that harvests Email addresses from this application,

6.     that transmits unsolicited Email to this application,

7.     that interferes with our network services,

8.     that attempts to gain unauthorized access to our network services,

9.     that suggests an express or implied affiliation with American Financial Loans LLC or broker relationship with American Financial Loans LLC (without the express written permission of American Financial Loans LLC),

10. that impairs or limits our ability to operate this application or any other person's ability to access and use this application, and/or

11. that unlawfully impersonates or otherwise misrepresents your affiliation with any person or entity;

12. that harms minors in any way, including, but not limited to, transmitting or uploading content that violates child pornography laws, child sexual exploitation laws and laws prohibiting the depiction of minors engaged in sexual conduct;

13. that transmits or uploads pornographic, violent, obscene, sexually explicit, discriminatory, hateful, threatening, abusive, defamatory, offensive, harassing, or otherwise objectionable content or images;

14. that harms, threatens, harasses, abuses or intimidates another person in any way or involves images or content that depicts, promotes, encourages, indicates, advocates or tends to incite the commission of a crime or other unlawful activities;

15. that dilutes or depreciates the name and reputation of American Financial Loans LLC or any of its affiliates;

16. that transmits or uploads any content or images that infringes any third party's intellectual property rights or infringes any third party's right of privacy; or

17. that unlawfully transmits or uploads any confidential, proprietary or trade secret information.

 

Access To This Application

Rocket Pro TPO reserves the right at all times, in its sole discretion and without notice to you, to deny your access to and use of this application.

Use Of This Application

You agree and acknowledge that you have the sole responsibility and liability for your use of this application and for providing or obtaining, and for maintaining, all of the hardware, software, electrical power, telecommunications, Internet services, and other products or services necessary or desirable for you to access and use this application.

Intellectual Property Rights

The following marks appearing on this application, including, but not limited to:; AMERICAN FINANCIAL LOANS LLC, AMERICAN FINANCIAL REAL ESTATE LLC, HANDY ANDY’S HOME IMPROVEMENTS and the respective logos, emblems, slogans and designs are trademarks and/or service marks of American Financial Loans LLC.

All other marks used on this application are the property of their respective owners.

Application Content: You acknowledge and agree that:

·        all content, pages, source code, calculations, products, materials, data, information, text, screens, functionality, services, design, layout, screen interfaces, "look and feel", and the operation of this application (collectively "Application Content") are protected by various intellectual property laws, including, but not limited to, copyrights, patents, trade secrets, trademarks, and service marks; and

·        all rights associated with the Application Content are owned by American Financial Loans LLC, its licensors, or content providers.

Furthermore, you acknowledge and agree that you do not acquire any ownership rights by downloading or viewing any Application Content. You further acknowledge and agree that you will not in any way copy, reproduce, publish, create derivative works from, perform, upload, post, distribute, transfer, transmit, modify, adapt, reverse engineer, frame in any page, or alter the appearance of any Application Content.

You may not use Application Content, domain names (in whole or in part), or Email addresses related to or derived from this application, nor any data, trademarks, functionality, service marks, trade names, brand names and/or logos contained within or derived from this application, for any purpose; meaning that you may not, among other prohibited uses, use any Application Content, domain names, Email addresses, data, trademarks, service marks, trade names, brand names and/or logos on or derived from this website:

·        in or as any meta-tag or hidden text;

·        in or as part of any contextual marketing directory, index, or triggering term;

·        as content or advertising related to any other application including, but not limited to, comparative/informational applications; and/or

·        as a variable or data element in any algorithm that causes another Internet browser to appear on, over, or at the same time as the Company's application or controls the content of any other application.

Submissions: You acknowledge and agree that all submissions to American Financial Loans LLC containing any comments, improvements, suggestions, and ideas regarding this application will become and remain our exclusive property, including any future rights associated with such submissions, even if the provisions of these Terms of Use are later modified or terminated. This means that you forever disclaim any proprietary rights in such submissions, and you acknowledge American Financial Loans LLC unrestricted right to use, publish, and commercially exploit, identical, similar, or derivative ideas originating from your submission, in any medium, now and in the future, without notice, compensation or other obligation to you or any other person.

Linking

Not Responsible For Links to Other websites: For your convenience, this website may provide links to other websites on the World Wide Web. Unless expressly stated otherwise on this website, American Financial Loans LLC does not endorse, approve, sponsor or control, and we are not in any way responsible for, any of the content, services, calculations, information, products or materials available at or through any websites to which this website may provide a link. By using this website you acknowledge and agree that American Financial Loans LLC will not be responsible or liable to you or any other person for any damages or claims that might result from your use of such content, services, calculation, information, products or materials.

Revisions And Modifications

You agree and acknowledge that we may revise or change these Terms of Use at any time, without notice to you, and you agree that you will be bound by the provisions of these Terms of Use as they appear on this application at the time you access this application. Because these Terms of Use may change, we encourage you to refer back often to these Terms of Use. In addition, you agree and acknowledge that all other content, services, products and materials on or available through this application are subject to updating and revision without notice to you. You further acknowledge and agree that individual modifications to the Terms of Use may not be altered by contract, unless expressly permitted in writing by the Chief Executive Officer of American Financial Loans LLC.

Location

You understand and acknowledge that American Financial Loans LLC and operates this application from within the State of Illinois in the United States of America. This application provides information regarding services and products that are made available in the United States only. We make no representation that the services or products about which information may be provided on this application will be available (a) anywhere outside of the United States or (b) in every state within the United States. You acknowledge and agree that you are responsible for compliance with all federal, state and local laws applicable to your access to and use of this application.

User IDs And Passwords

Certain areas or features of this application may be restricted to users who have obtained a user identification and password by completing a registration process described on this application. Please be sure to protect and maintain the confidentiality of any user identification, password or other identifying information you may obtain in connection with your use of this application. You agree to notify American Financial Loans LLC immediately if you believe your user identification, password or other identifying information has been lost, stolen or otherwise compromised. You also acknowledge and agree that you are solely responsible for all damages or claims that may arise from any access to or use of this application by any person to whom you have provided your user identification, password or other identifying information, or by any person who has obtained such information from you, including, but not limited to, any access to or use of this application that may occur after you have notified us that your user identification, password or other identifying information has been lost, stolen or otherwise compromised.

Privacy

American Financial Loans LLC will process your personal information as described in the American Financial Loans LLC Privacy Policy.

If you make any unauthorized use of this application or violate the Terms of Use: (a) you may be in violation of copyright and other laws of the United States, as well as applicable state laws, and may be subject to penalties, and (b) you may be responsible for damages caused to the Company. You agree to indemnify American Financial Loans LLC and its affiliates, vendors and licensors, and all of the employees, officers, directors, agents and representatives of American Financial Loans LLC and its affiliates, vendors and licensors, against, and to hold all of them harmless from, all costs, claims, damages, expenses or other losses, including attorney's fees and court costs, that arise from or are related to your use of this application and/or your breach/violation of or failure to comply with the Terms of Use.

Disclaimers

THE APPLICATION CONTENT ON OR AVAILABLE THROUGH THIS WEBSITE ARE PROVIDED "AS IS" AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, AMERICAN FINANCIAL LOANS LLC DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. AMERICAN FINANCIAL LOANS LLC MAKES NO REPRESENTATION OR WARRANTY REGARDING THE APPLICATION CONTENT OR ITS USE THEREOF. THE APPLICATION CONTENT ON OR AVAILABLE THROUGH THIS APPLICATION COULD INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS AND COULD BECOME INACCURATE BECAUSE OF DEVELOPMENTS OCCURRING AFTER THEIR RESPECTIVE DATES OF PREPARATION OR PUBLICATION. AMERICAN FINANCIAL LOANS LLC HAS NO OBLIGATION TO MAINTAIN THE CURRENCY OR ACCURACY OF ANY APPLICATION CONTENT ON OR AVAILABLE THROUGH THIS APPLICATION.

YOU ACKNOWLEDGE AND AGREE THAT AMERICAN FINANCIAL LOANS LLC IS NOT, AND SHALL NOT BE, RESPONSIBLE FOR THE RESULTS OF ANY DEFECTS THAT MAY EXIST IN THIS APPLICATION OR ITS OPERATION. AS TO THE OPERATION OF THIS APPLICATION, AMERICAN FINANCIAL LOANS LLC EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. AMERICAN FINANCIAL LLC MAKES NO REPRESENTATION OR WARRANTY THAT (A) THE OPERATION OF THIS APPLICATION WILL MEET YOUR OR ANY OTHER USER'S REQUIREMENTS; (B) ACCESS TO THE APPLICATION WILL BE UNINTERRUPTED, TIMELY, SECURE, OR FREE OF ERRORS, VIRUSES OR OTHER HARMFUL COMPONENTS; OR (C) ANY DEFECTS IN THIS APPLICATION WILL BE CORRECTED. YOU AGREE THAT YOU, AND NOT AMERICAN FINANCIAL LOANS LLC, WILL BEAR THE ENTIRE COST OF ALL SERVICING, REPAIR, CORRECTION OR RESTORATION THAT MAY BE NECESSARY FOR YOUR DATA, SOFTWARE PROGRAMS OR COMPUTER EQUIPMENT BECAUSE OF ANY VIRUSES, ERRORS OR OTHER PROBLEMS YOU MAY HAVE AS A RESULT OF USING OR VISITING THIS APPLICATION.

Limitation Of Liability

YOU AGREE THAT UNDER NO CIRCUMSTANCES WILL AMERICAN FINANCIAL LOANS LLC BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY DAMAGES OR INJURY, INCLUDING ANY DIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES OR ANY DAMAGES OR INJURY CAUSED BY ERROR, INACCURACY, OMISSION, INTERRUPTION, DEFECT, FAILURE OF PERFORMANCE, DELAY IN OPERATION OR TRANSMISSION, TELECOMMUNICATIONS FAILURE OR COMPUTER VIRUS OR OTHER PROBLEM, THAT MAY RESULT FROM THE USE OF, OR THE INABILITY TO USE, THIS APPLICATION OR THE APPLICATION CONTENT ON OR AVAILABLE THROUGH THIS APPLICATION, WHETHER IN AN ACTION ALLEGING BREACH OF CONTRACT, NEGLIGENCE OR ANY OTHER CAUSE OF ACTION, OR ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF ANY APPLICATION CONTENT ON OR AVAILABLE THROUGH THIS APPLICATION. YOU AGREE THAT AMERICAN FINANCIAL LOANS LLC SHALL NOT BE LIABLE EVEN IF WE OR OUR AUTHORIZED REPRESENTATIVES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. HOWEVER, IN NO EVENT SHALL AMERICAN FINANCIAL LOANS LLC'S TOTAL LIABILITY TO YOU FOR DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, IN ACCESSING OR USING THIS APPLICATION OF APPLICATION CONTENT THEREON.

Communications With Company

Time Sensitive Instructions: When communicating with us through this website, PC-talk, chat or via Email, do not use the application, PC-talk, chat or Email to communicate any time-sensitive instructions that are in any way related to or affect your loan, loan application or closing (such as interest rates locks, cancellation of a closing, rescissions, or the like). Such instructions may not be honored. All transactions conducted on this application, PC-talk, chat or via Email, must be confirmed in writing by us to be accepted by and binding upon us.

Loan Approvals: All loan approvals, qualifications, rate locks, deposit and refund agreements, and the like, are only made by AMERICAN FINANCIAL LOANS LLC in writing. Approvals and qualifications are conditional in accordance with the terms except as be specifically provided for in writing signed by American Financial Loans LLC.

Credit Reports: By applying for credit, you are authorizing AMERICAN FINANCIAL LOANS LLC to obtain a copy of your credit report. As a result, a "hard" inquiry may appear on your credit report. A hard inquiry may negatively affect your credit score.

E-Signature: General communications through this application, PC-talk, chat or via Email are not intended by us to constitute either an electronic record or an electronic signature, or to constitute any agreement by the sender to conduct a transaction by electronic means, unless a specific statement to the contrary is included in the message and specific e-signature procedures are employed. However, your assent to a "click to accept" button or box is binding upon you.

Recording & Monitoring of Communications: Your communications with us via the application, PC-talk, chat Email, and telephone may be recorded or monitored and by using such communications methods you are consenting to the recording or monitoring of the same.

Contact Methods And Opt-Out

Agreement to calls and information sharing: If you submit information to American Financial Loans LLC through this application or otherwise you are making an inquiry as to lending programs and services offered by American Financial Loans LLC. You understand and agree that if you submit an inquiry, we may share the information that you provide, including, but not limited to, your full name, birth date, address, telephone number, and social security number with our affiliates so that they may respond to your inquiry. You authorize American Financial Loans LLC to share your information, either as provided by you or as corrected by us. You acknowledge that American Financial Loans LLC is not a party to any agreement that you may make with an affiliate, and that the affiliate is solely responsible for its services to you. You understand that requirements for a particular product or service, including a mortgage, are determined by the affiliates and that American Financial Loans LLC does not endorse, warrant, or guarantee the products or services of any of its affiliates. Nothing in these Terms of Use or on this application constitutes an offer for a loan commitment or interest rate lock agreement. You agree that American Financial Loans LLC shall not be liable for any damages or costs which arise from your use of the affiliates’ goods or services.

For more information about how we process your personal information, please see the American Financial Loans LLC Privacy Policy.

Application Of Additional Terms

You acknowledge that certain features of this application, as well other products and services of American Financial Loans LLC, including those that may be available through this application, may be subject to terms, conditions and disclaimers in addition to these Terms of Use, and you agree that your use of such products and services will be subject to such additional terms, conditions and disclaimers.

Agreement To Provide Accurate Information

In making a loan inquiry, application or in entering into any other transaction or request for information on this website, you agree to provide accurate, true, current, and complete information upon which American Financial Loans LLC may rely.

Reasonable Efforts

While American Financial Loans LLC will use all of its reasonable efforts to have your application fully processed and closed on or before any applicable rate lock expiration date (if any) and/or anticipated closing date, some process are not under our control. For instance, American Financial Loans LLC cannot be responsible for delays in loan approval or closing due to the untimely receipt of an acceptable appraisal; the untimely receipt of required documentation; your existing home not selling; matters disclosed by a title commitment or survey; any other matters beyond American Financial Loans LLC reasonable control.

Deposit/Refund Policy

When you submit a loan application, American Financial Loans LLC will begin to process your application and, as a result, may advance on your behalf costs for certain third party expenses. If you do not fully cooperate in or complete the application process (including submitting all required documentation in a timely manner), choose to withdraw your application, or choose not to close the transaction for any reason, you may be required to pay for some or all of American Financial Loans LLC third party costs. Please review your deposit agreement for details specific to your loan application.

Governing Law

You agree that these Terms of Use shall be governed by and construed in accordance with the laws of the State of Illinois, without giving effect to any principles of conflicts of law. You understand and agree to resolve through final and binding arbitration the following claims, disputes, or controversies arising between you and American Financial Loans LLC, and its parents, affiliates, subsidiaries, or related companies: all claims, disputes, or controversies arising from the Telephone Consumer Protection Act of 1991 (“TCPA”), or state law claims similar to the TCPA. You will arbitrate TCPA claims between you and American Financial Loans LLC at a location the arbitrator will determine in compliance with American Financial Loans LLC’s Governing Law provision. The arbitrator, not the court, will resolve the issue of arbitrability. Any state or federal court having jurisdiction thereof may enter judgment of any award the arbitrator renders. This arbitration contract is made under a transaction in interstate commerce, and the Federal Arbitration Act (“FAA”) will govern its interpretation, application, enforcement, and proceedings. As the Governing Law provision indicates, the laws of the State of Illinois govern the enforceability of this arbitration provision as a contract, but not the scope of this provision. Neither you nor American Financial Loans LLC are entitled to join or consolidate claims in arbitration by or against other consumers or to arbitrate any claim as a representative or member of a class or in a private attorney general capacity. The parties voluntarily and knowingly waive any right they have to a jury trial for TCPA-related matters which, based on the above, will be arbitrated. You agree that any other action(s) at law or in equity arising out of or relating to these Terms of Use or the use of this website shall be filed only in the state or federal courts located in Will County, Illinois, and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating.

Severability

You agree that if any provision of these Terms of Use shall be found to be unlawful or void, or for any reason unenforceable, then that provision shall be deemed severable from the other provisions of these Terms of Use and shall not affect the validity and enforceability of such other provisions.

Disclosures And Licenses

For disclosures and licensing information please visit: https://americanfinancialrealestate.com/

Copyright Infringement

American Financial Loans LLC is committed to protecting copyrights and expects you to do the same. The Digital Millennium Copyright Act of 1998 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any material used or displayed on the American Financial Loans LLC infringes your copyright, you (or your agent) may send us a notice requesting that the material be removed, or access to it blocked. If you believe that any material on this application infringes a copyright, or any valid intellectual property right, please provide the following information to American Financial Loans LLC’s Chief Executive Officer and DMCA Agent.

A physical or electronic signature that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed;

Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works on this application are intended to be covered by a single notification, a complete list of such works and details or descriptions as to their locations within the application;

Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit us to locate the material;

Information reasonably sufficient to permit us to contact the complaining party, such as an address, telephone number, and, if available, an electronic mail address at which the complaining party may be contacted;

A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law; and

A statement that the information in the notification is accurate, and under penalty of perjury, that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

Please provide this information to American Financial Loans LLC’s Chief Executive Officer and DMCA Agent, who can be reached as follows:

By Mail:

American Financial Loans LLC

Attn: Chief Executive Officer

27710 S Stoney Island Ave Crete, IL 60417

American Financial Loans LLC Equal Opportunity Employer

The Company is an equal opportunity employer. Any complaints or concerns about the Company's employment practices may be directed to the Chief Executive Officer at (312) 852-8180.