Real Estate Financing...

• How long will this loan take to close?

Your loan may close in as few as 10 business days. However, the average transaction closes within 28 days.  Yes, we track these things. 

• What type of documentation do you require?

Various loan types require specific documentation. This could range from nothing but your signature on pre loan disclosures to w-2's for the last 2 years, your 2 most recent paystubs, your last 2 months of banking statements, etc. At the point of application your consultant will let you know exactly what you need.

• Should I make my next mortgage payment, even though I'm refinancing?

Most definitely. Since your obligation under the mortgage you currently have is due and payable until its paid off, you should continue to make payments until that loan is paid in full by your new loan. Missing a payment could adversely effect your ability to refinance.

• I don't live near you. Do we have to meet in person, or can I fax or email you the required documents?

By all means. We've closed loans all over the state of Pennsylvania for people we've never met in person.  Though we take pride in an ultra personalized approach to doing business, often times distance and schedules inhibit the ability of a formal meeting. We aim to make this process as fast and easy as possible for you.

• Can I buy a home even if, my credit is bad or I've had a bankruptcy or repossession?

With over 200 different investors at our disposal, the chances are good that we can find you the financing you seek. The worst case scenario is that we can help you to establish a plan to restore your credit and set a target date to purchase a home. Over 125 years of credit experience on your side will be a huge help in making the right decisions to lead you to your goal of homeownership.

• Why should I do business with you?

We think our mission statement developed by all our associates here at First Choice Equity Group says it all:

We will help you achieve your long term goals by
Delivering mortgage solutions with the highest
Commitment to Quality and Integrity, because
WE CARE.

• Can I get prequailified to purchase a home?

Yes we offer a free prequailification, call us and we can get you a pre-quailification letter in hours, and we'll be happy to fax or email that to you and/or your Realtor

• Do I need a lot of money down to purchase a home?

The fact is the majority of the purchases we close are 100% financing. Often times, this is set up into two loans which allows you to avoid mortgage insurance which can be a hefty and unneeded payment.