Frequently Asked Questions

Welcome to our Frequently Asked Questions (FAQ) page! Here, you will find answers to common queries, grouped into categories for easy navigation. If you can't find the information you need, please contact us directly. We're always here to help.

A mortgage is a loan used to purchase real estate. The property serves as collateral for the loan. The borrower agrees to repay the loan with interest over a set term.

We offer a range of loan products, including Residential Home Loans, Construction Loans, Land Loans, Commercial Loans, Investor Loans, Asset-Only Loans, and No Document Loans. We can help you determine which type of loan is best for your needs.

Qualifying for a residential home loan typically involves a review of your credit score, employment history, income, and existing debt. Lenders also consider your down payment and the value of the property you're planning to purchase.

Construction loans are short-term loans used to finance the building of a home or a commercial property. They are typically interest-only during the construction period and become fully amortizing loans after construction is completed.

Yes, we offer land loans. These loans can be used to purchase vacant land for future home construction or as an investment.

Criteria for a commercial loan can include the borrower's creditworthiness, business income, property value, and loan-to-value ratio. Other factors can also come into play, such as the nature of the business and the intended use of the loan.

Down Payment Assistance Programs are designed to help potential homebuyers who can afford mortgage payments but need help with the down payment. The specifics of these programs can vary, and some may need to be repaid while others do not.

First Time Home Buyer programs often offer benefits such as lower down payment requirements, lower interest rates, and assistance with closing costs. These programs can make home ownership more accessible.

Investor loans are mortgage products designed specifically for individuals investing in real estate. They have different approval requirements and interest rates compared to typical residential mortgages.

An Asset-Only Loan is a type of loan where the lender does not consider the borrower's income or debt-to-income ratio, focusing instead on assets like real estate, retirement accounts, or other valuable assets. This type of loan is often best for borrowers with substantial assets but irregular income.

No Document Loans, also known as no-doc or low-doc loans, are mortgages that require less documentation than traditional loans. They're typically best for self-employed borrowers, investors, or those with complex or non-traditional income sources.

Our interest rates vary depending on the type of loan, your credit score, down payment amount, and other factors. Please contact us for the most current rates.

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At our mortgage company, The Morin Team at Equity First Financial, we take pride in delivering unparalleled services in home financing. We refuse to compromise on quality and always prioritize your satisfaction. We have consistently upheld our commitment to excellence in Home Loan Financing, Investor Home Loans, and guidance for Self-Employed Buyers.

Since 2012

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