Learn About: Loan Process

A great advantage to working with First Equity Direct is our access to hundreds of loan programs. You’ll always find a great rate and the right program with us. Fixed Rates A fixed rate loan is a popular product among … Continue reading →

Pre-approval is a smart step for any potential homebuyer to take. You gain instant credibility with sellers as you basically already have the loan. In today’s market, that’s a huge advantage. Pre-Approved, Not Pre-Qualified Many borrowers take the step of … Continue reading →

A mortgage is more than a loan. It’s a powerful financial instrument that can increase your wealth over time. However, few home owners actually have a plan and are able to understand just how useful their home loan can be … Continue reading →

Shopping for a loan is not unlike the experience shopping for other everyday products. You’re looking for a great price at a certain level of service. By shopping around, you eventually find the right business for your needs. In securing … Continue reading →

Five ways to make the loan process go faster We should say that working with us is the first way! When you let us help you find the loan that’s right for you, you truly are taking advantage of some … Continue reading →

Escrow To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder insures that all terms and conditions of … Continue reading →

Whether you are buying or selling a home, you should have a professional home inspection performed. A home inspection will look at the systems that make up the building such as: Structural elements, foundation, framing etc Plumbing systems Roofing Electrical … Continue reading →

Holding Title Before you reach the closing day, you will want to make a decision as to how you will “hold title” to the property. This decision has legal, tax and estate planning ramifications. Therefore, it may be prudent to … Continue reading →

What are homeowner’s insurance, private mortgage insurance and title insurance? A homeowners insurance policy is a package policy that combines more than one type of insurance coverage in a single policy. There are four types of coverages that are contained in … Continue reading →

A critical step in the mortgage loan application process is to verify the sources for your down payment, closing costs and assets, as well as documenting income and debts. The lender uses this step to determine your qualifications as a … Continue reading →