NEWPORT BEACH — What if buying a new home meant that you were doing something good for more than just your family?
A new home loan program called Loans4Love, a division of the American Financial Network, announced last week that it will donate a portion of the lending fee to a nonprofit organization for every loan it makes.
At a recent ribbon-cutting ceremony for Loans4Love's offices on Van Karman Avenue in Newport Beach, $5,000 coming from loans made in the weeks prior to opening the new headquarters was presented to several local nonprofits.
"President John F. Kennedy said, 'Ask not what your country can do for you, but what you can do for your country,'" Mayor Keith Curry said at the event. "LoansLove is doing just that with their unique business model, which puts words into practice."
The Loans4Love program aims to become the largest donation vehicle in the country to help fund nonprofits and other entities such as local schools and public safety agencies, without requiring donors to write a check, according to loans4love.com.