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Consolidation Calculator 1
OUR QUALIFICATIONS
Since the company began, First
American Equity has always been a “melting-pot” of financial
professionals. Our employees have diverse backgrounds
such as: banking, consumer finance, Insurance, credit
reporting agency, real estate & of course mortgage
banking. This “multi-financial” experience
along with our focus on continually perfecting the
trade of debt consolidation, gives us the ability
to “think outside the box” better than
any other financial institution. We have specialty
loan programs specific to debt consolidation in
the government, conforming, and non-conforming markets.
OUR OBJECTIVE
Our goal is to improve your “overall” financial
profile so that you can not only obtain a better
mortgage rate, but borrow all money in the future
at “prime” rates. We can do this by teaching
you how to improve your credit rating / scores sufficient
enough to reach these goals. Most mortgage companies
only “take orders”, we feel more obligated
than other companies to ensure you get the right
counseling and advise. When you leave the closing
table, you should not only know what you are getting
currently, you should also know what to expect in
the future.
THE PROCESS
We try to teach our customers
to “look at
the big picture” when doing a debt consolidation
loan. Most companies only focus on the “monthly
savings”. We ensure that our customers get
what is most important when doing this type of transaction,
a plan to get out of debt! We believe these types
of loans should only be considered “vehicles” to
get you what you really need, lower rates on ALL
debt owed. Specifically we think that you should
take the longest term possible with the emphasis
on pre-payment penalty when considering these loans.
Why longest term? Anytime you are consolidating anything
into your existing mortgage debt, rates will naturally
be higher, you should focus on the products with
the most “forgiveness” in the short term
and not consider it a permanent loan…remember,
saving the most amount of money per month is the
most important thing to consider when doing these
types of loans. The ability to keep up your monthly
obligations on the debt you currently owe is the
most important thing to consider. You should do what
is considered a “rate-term” reduction
loan later when your scores and debt profile will
merit more favorable terms.
BETTER PRODUCTS…BETTER
RESULTS
Remember, our main company focus
is debt consolidation therefore we don’t just have one product available,
90% of our products are “geared” towards
debt reduction. We understand that if you are in
the market to consolidate debt, you probably don’t
want to put any money down towards closing costs
and you probably need to close your loan FAST! When customers leave our loan closings, they not
only know how much money per month they are saving,
they know that within a specific time frame, if they
keep all payments current & don’t incur
much new debt, they will be able to obtain lower
rates on all debt owed. That’s not just a good
feeling for you the customer to have, but a good
feeling for our staff. The sooner you meet your goals,
the sooner we’ll meet ours!
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Consolidation Calculator 2
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