Noteworthy communities Some of the communities that exist within city limits are listed below: * Anaheim Hills, Anaheim * Balboa Island, Newport Beach * Corona del Mar, Newport Beach * Crystal Cove/Pelican Hill, Newport Beach * Capistrano Beach, Dana Point * El Modena, Orange * French Park, Santa Ana * Floral Park, Santa Ana * Foothill Ranch, Lake Forest * Monarch Beach, Dana Point * Nellie Gail, Laguna Hills * Northwood, Irvine * Woodbridge, Irvine * Newport Coast, Newport Beach * Olive, Orange * Portola Hills, Lake Forest * San Joaquin Hills, Laguna Niguel * San Joaquin Hills, Newport Beach * Santa Ana Heights, Newport Beach * Tustin Ranch, Tustin * Talega, San Clemente * West Garden Grove, Garden Grove * Yorba Hills, Yorba Linda * Mesa Verde, Costa Mesa

Unincorporated communities These communities are outside of the city limits in unincorporated county territory: * Coto de Caza * El Modena * Ladera Ranch * Las Flores * Midway City * Orange Park Acres * Rossmoor * Silverado Canyon * Sunset Beach * Surfside * Trabuco Canyon * Tustin Foothills

Adjacent counties to Orange County Are: * Los Angeles County, California - north, west * San Bernardino County, California - northeast * Riverside County, California - east * San Diego County, California - southeast

Orange County is home to many colleges and universities, including:

• Trinity Law School
• Chapman University
• University of California, Irvine
• California State University, Fullerton
• Whittier Law School
• Laguna College of Art and Design
• Vanguard University
• Concordia University
• Soka University of America
• Irvine Valley College
• Alliant International University

• Cypress College
• Orange Coast College
• Golden West College
• Coastline Community College
• Santa Ana College
• Santiago Canyon College
• Fullerton College
• Saddleback College
• Hope International University
• Biola University Laguna Hills BOLD Campus
• Pepperdine University Irvine Graduate Campus
• Fashion Institute of Design & Merchandising
• Art Institute of California - Orange County

It's simple.  

It's Wholesale...And you get Amazing Service!

The way a loan should be!

Belinda and I want to thank you for arranging our financing. As you know, I've been in the real estate law, development and financing field for over 30 years. Your professional approach and customer service was a refreshing experience. Mark G., Real Estate Attorney Laguna Beach

Thank you for going the extra mile when you analyzed the financial condition of a business I had acquired two years ago. You explained and documented how that investment was not moving me towards my financial goals. It was hard to hear, but I agreed and now with this refinance, I have renewed hope that I have a viable plan to reach my goals while at the same time improving my monthly cash flow. Gary B., Product Research Manager Irvine CA.

Ernie, thank you again for helping us over the years with our mortgages and debt management. You helped us plan for our eventual move to Palm Springs after so many years in Orange County. Your advice and planning for the sale of our Las Flores home and the purchase of our Palm Springs home made this big transition bearable. Suzi O, Artist Palm Springs

Application Steps

STEP 1: Call US at (949)481-9026, and that's it!

Unfortunately the loan process often becomes overwhelming. 
Almost like eating an elephant.

We are here to help you, one bite at a time, in securing the best possible value for you.

We will come visit you or work with you over the phone to find the exact wholesale loan, refinance or reverse mortgage. We will help you fill in all the paper work. We will answer any questions. When your loan documents are ready to be signed we will come to your home or office, you get to make the choice.

We make the mortgage application process fast and easy.

Following is a list of all possible documentation that could be required for the mortgage application process. If you are self employed, business owner, or a senior these documents can vary greatly. Also it will depend on the type of loan we are applying for, documented income, stated Income, no-documentation, or equity.

In most cases if employed we only need the items with a .  We will pre-underwrite your loan and give you a list of items that are required.

	Pay stubs covering most recent thirty days.
	W-2 statements covering the most recent two years.
	Most recent three months statements for any account listed on the application.
	A copy of the Real Estate Sales Contract (for purchases).
	12 months cancelled rent checks or the name and address of your current landlord (if applicable).
	Fully executed divorce decree (if applicable).
	Deed, hazard insurance policy, and most recent tax bill if you are going to refinance (copies).
	A letter of explanation for any known credit problems or fluctuations in income.
If you are self employed, paid by commission, or own real estate used for rental purposes you may also need:
	Two years signed personal federal income tax returns including all schedules.
	If self-employed through a corporation, please provide the last two years corporate returns as well as a year to date profit and loss statement and a balance sheet.

Why should I choose First Equitable Financial - (Home Loans Orange County Wholesale .com) - for brokering my Home Loan?

First Equitable Financial offers you the advantage of direct lender services, superior service and wholesale rates.

(You will find going wholesale is less expensive than retail)
We are a whosale mortgage broker that provides excellent service to guide you to the lender that fits your specific needs. As underwriting standards change, loan programs change and with each lender having a unique personality on how they make loans, your mortgage broker is the one that matches your needs with the most appropriate lender. By calling a lender directly, they are trained to sell you their products. Since we are a mortgage broker and are the wholesale distributors for many lenders, our job is not to sell a specific lender's product, but to find a lender that meets your needs. A Wells Fargo loan officer will not introduce you to a Chase Home Loan product if that is a better fit for you because they don't work for Chase. Brokers are the wholesale distributors of money who work for the borrower not the lender. Because mortgage brokers get their money on a wholesale basis it's not going to cost you more than going directly. In fact you most likely will save thousands of dollars over the life of your loan because you're in a more appropriate loan for a wholesale price. We are totally customer service oriented and we come to you. Because we are an independently owned loan wholesaler, your repeat business is our primary goal. Satisfied clients are the goal of our professional mortgage business as well as lower prices, better offerings, and excellent service. It's our business to do the right thing.

How do I know which mortgage loan is right for me?

Each Loan Broker at First Equitable Financial - Home Loans Orange County Wholesale .com- is here to help you make the best loan choice for your specific needs. Our Loan brokers are experienced, knowledgeable professionals who take the time to consider your specific goals in order to select the loan program best suited to your financial goals and dreams.

What is equity?

Equity is a home's market value over any amount owed on the mortgage. This difference represents the homeowner's financial interest in the property. and gives the homeowner financial leverage to use for virtually any purpose - from debt consolidation to major purchases to home improvements as well as offering the advantage of tax deductibility!  

What's the difference between Fixed rate and Adjustable rate mortgages?

A Fixed Rate mortgage is typically repaid through a 15 year or 30 year payment schedule, also known as amortization. Because the monthly principle and interest rate is fixed for the entire life of the loan, these programs provide the most security. 

Adjustable Rate Mortgages (ARMs), are interest rates that adjust periodically based on a predetermined schedule.  ARMs typically have an initial fixed rate period much lower than the current fixed rate, however, following this initial period, usually three years, rates usually increase annually. A periodic rate cap limits how much your interest rate can adjust in a single adjustment and also over the life of your loan.  A lifetime rate cap limits the cumulative amount of any adjustments made over the life of the loan. 

Your Home Loans Orange County Wholesale - First Equitable Financial broker can discuss the advantages of both types of mortgages to help you decide which may be best for you.

Does it make sense to refinance again even though I recently obtained a mortgage loan?

It may very well make perfect sense!  Consolidating your existing first and second mortgages, outstanding credit card balances and other debt into a single low interest mortgage payment can save you a considerable amount of money each month and will also save you time since you'll have only one monthly payment to deal with. Your Home Loans Orange County Wholesale - First Equitable Financial broker can help you determine if this option will work for you.

How much can I afford in mortgage payments?

It depends entirely on your specific personal financial situation. Your First Equitable Financial - Home Loans Orange County Wholesale .com broker can help you find out exactly what that amount may be.  A Pre-qualification with one of our Loan brokers over the phone takes only 15 minutes or less.

What is an APR ?

The Annual Percentage Rate, or APR, is the total annual cost in interest as a percentage of the loan amount. This figure includes such items as the base interest rate, primary mortgage insurance and the loan origination fee, also known as points.

How much help can I expect from an Home Loans Orange County Wholesale - First Equitable Financial Broker?

Expect all the help you need - after all, that's what our Loan brokers are here for! Our commitment is to provide top quality service and we have the very latest technology to greatly expedite the loan process. We will listen to your needs, making sure we understand you completely, then discuss your options to make sure you understand us completely as well. We will help fill out the application and actually visit you if you would like, and go through the process in person. From application through to funding, we make the loan process as simple and convenient as possible...for you!

How quickly will First Equity Financial get my loan funded?

With our streamlined operations, advanced technology, and emphasis on personal service, funds can be available in as few as thirty (30) days from the time we receive your signed and completed loan documents!

How do I get started?

It couldn't be easier. Just give us a call, (949) 481-9026

What about security?

Security is our number one priority. First Equitable Financial - Home Loans Orange County Wholesale .com uses the information you provide to determine what loan program may be best for you and for your final loan application. This information is not distributed to any other entity for any purpose without your permission.

What if I have other questions?

Please just give us a call with all of your questions at:
(949) 481-9026

What is a mortgage broker? What are the pros and cons of using a mortgage broker?

A mortgage broker is a company that markets other lenders products, an independent contractor if you will, similar to an independent insurance or travel agent.

Mortgage brokers can offer rates lower than banks because they can utilize the lender offering the best prices that particular day. A broker also has the option to operate on lower margins than other banks or lenders.

Additionally, a broker has access to many different programs, enabling them to pick and choose a loan program that will work best for your individual situation. First Equitable Financial - Home Loans Orange County Wholesale .com is a full service mortgage broker which means we handle all of the processing and customer service for your loan from application all the way through closing. 

While many internet mortgage providers simply pass your name on to another lender in exchange for broker fees or marketing fees, First Equitable Financial - Home Loans Orange County Wholesale .com provides one-stop shopping - a single source for you to work with, giving us full control of the service you receive, assuring your satisfaction. 

Is there any reason not to use First Equitable Financial - Home Loans Orange County Wholesale .com as my mortgage originator?

There are very few situations where it would make sense that you use another lender: if you have poor credit, have no equity and income, your loan amount is less than $50,000, you are buying a property in a state where First Equitable Financial - Home Loans Orange County Wholesale .com is not currently offering services or you require a niche loan program. These are the circumstances where First Equitable Financial - Home Loans Orange County Wholesale .com is not the best possible source for your mortgage. If the above criteria can be met and you are looking for the lowest loan rates AND outstanding customer service combined with quick accurate information and closings, then First Equitable Financial - Home Loans Orange County Wholesale .com is definitely for you.

How does an interest rate lock work?

An interest rate lock provides an opportunity for you to arrange and complete your mortgage and real estate transaction without having to worry about rates increasing before closing your loan. Without locking, should interest rates increase before you close on your home, you may not be able to afford or qualify for that very same loan. 

First Equitable Financial - Home Loans Orange County Wholesale .com guarantees your interest rate for 30 days. However, if interest rates drop, we cannot re-lock with the lender at the lower rate.  

Does Home Loans Orange County Wholesale - First Equitable Financial provide loans services for properties in all U.S. states?

No…not yet! First Equitable Financial - Home Loans Orange County Wholesale .com is constantly expanding. Our website is being constantly updated as new states become available for us to originate mortgage loans. Every state has very different regulatory requirements as defined by the local governments. We have a network of qualified brokers in other states that we work with. Please call us for more information at: (949) 481-9026

Why do I need (private) mortgage insurance, MI or (PMI), if my down payment is less than 20%?

Mortgage insurance was created to allow consumers to purchase a home without a large down payment. Many homebuyers do not have savings or reserves equal to 20% of the value of the home they wish to purchase. Lenders do not like to lend money at low interest rates for more than 80% of the home value because of their need to be protected in the event of default or foreclosure. They want protection against decreases in the home's values and to be able to sell the property quickly, recouping their loan amount. In addition, borrowers who have at least 20% equity in their homes default less often than borrowers with less equity. Mortgage insurance assumes the lender’s risk on a loan amount above 80% of the home value. Mortgage insurance has provided more people the ability to purchase homes at low interest rates by decreasing the risk to lenders.

Can I ever get rid of mortgage insurance once I have it?

Yes, you can cancel mortgage insurance and save the amount equal to your monthly premium without refinancing. Typically, after you have paid down your mortgage (or your property has appreciated) to the point that you have 20% equity in your home, home prices are not falling in your area and you haven't missed a payment in the past 12 months, you can get your mortgage insurance requirement removed from the lender. Here is what you should do to assure that you don't pay for mortgage insurance after it is necessary:

Contact the company that you send your monthly payment ("servicer") and request a letter from them explaining your lender's policies and procedures regarding the cancellation of mortgage insurance. This letter should explain when they no longer will require this insurance and what specific steps you must take to cancel the insurance.

Once you have met the lender’s requirements to eliminate your mortgage insurance, send a letter to them explaining your desire to have it canceled. Most lenders will require a new appraisal to be done so that you can establish the current value of your property. If your loan amount is 80% or less of this appraised value, you have met a major criterion for elimination of this requirement. Appraisals are approximately $250 to $350 depending on your area - money well spent if your monthly mortgage insurance premium is eliminated and should pay for itself in less than 8 months.

How do I know my exact title charges and property taxes in advance?

At the time you are shopping for a property, the seller and/or your realtor will be able to provide the current property taxes for that property. Every property you look at may have different property taxes due to the assessed value and county where it is located. Also, title charges can vary by county and by company. You can shop for a title company, allow your realtor to order your title or allow First Equitable Financial - Home Loans Orange County Wholesale .com to arrange for your title and closing. If you shop for a title company ask each one what their fees are. Some states are regulated and require all title companies to charge the same rates. If your realtor orders your title, ask him/her what the charges are. If First Equitable Financial - Home Loans Orange County Wholesale .com orders your title we will disclose the charges on the good faith estimate that we send to you. We make title charge estimates throughout our site, but, again, charges often vary by state, county, company, and day. In some states, you may negotiate who will pay these charges between the buyer and seller.

Why is my Annual Percentage Rate (APR) different from my interest rate?

The APR includes closing costs associated with the closing of your loan - basically, the cost of credit expressed as an annual rate.  Any prepaid interest costs or fees are included in the APR and gives an easier way to compare loans and lenders.

What is a Good Faith Estimate?

Required by law, all lenders must provide this disclosure of costs to the borrower within 3 days of application; First Equitable Financial - Home Loans Orange County Wholesale .com includes this in your approval packet. The GFE represents a "best effort", on the part of our Loan Specialist, to provide an estimate of the costs incurred during the loan application. 

What is a "Truth-In-Lending" disclosure and what does it mean for me?

A Truth-In-Lending disclosure shows you:

The Finance Charge -  the total amount of interest calculated at the given interest rate over the life of the loan, Prepaid Finance Charges and the total amount of any required mortgage insurance.

The Amount Financed - the loan amount applied for, minus Prepaid Finance Charge which include items paid at or before settlement, such as points and initial mortgage insurance premiums.  If you applied for $50,000 and Prepaid Finance Charges totaled $2,000, the Amount Financed would be $48,0000.

The Total of Payments - the total amount you will have paid upon meeting the minimum required payments over the life of the loan. This includes principle, interest and mortgage insurance premiums, but does not include payments for real estate taxes or property insurance premiums.

Contact us for any questions you have: (949) 481-9026

It's simple.  

It's Wholesale...And you get Amazing Service!

The way a loan should be!

VISIT OUR GREAT LINKS PAGE!

- Aliso Viejo - Anaheim - Balboa - Brea - Buena Park - Costa Mesa - Corona Del Mar - Coto de Caza - Cypress - Dana Point - Dove Canyon - Foothill - Fountain Valley - Fullerton - Garden Grove - Huntington Beach - Irvine - Ladera Ranch - Laguna Beach - Laguna Hills - Laguna Niguel - Laguna Woods - La Habra - La Palma - Lake Forest - Los Alamitos - Mission Viejo - Monarch Beach - Newport Beach - Newport Coast - City of Orange - Placentia - Portola Hills - Rancho Santa Margarita - San Clemente - San Juan Capistrano - Santa Ana - Seal Beach - Stanton - Talega - Tustin - Villa Park - Westminster - Yorba Linda

- Orange County
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