We are committed to quality service for our mortgage clients putting the people we serve first. Neither a bank, nor a franchise, First Home Equity Loans is a locally owned mortgage brokerage providing superior customer service throughout the state of South Carolina, Florida, Minnesota, California and now Tennessee.
Whether you are purchasing your dream home, refinancing your existing mortgage, or branching out into the world of investment properties, our talented mortgage professionals will help you find the perfect loan tailored to your needs.
Whether you are purchasing your dream home, refinancing your existing mortgage, or branching out into the world of investment properties, our talented mortgage professionals will help you find the perfect loan tailored to your needs.
Services
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
No doubt, a lot to do in oder to get a residential mortgage loan. You wouldn't be visiting our website if it were possible to complete a one-page application and receive a great loan funded the same day. We do most of the heavy lifting for you, so you can concentrate on what's important - preparing to move into your new home or saving money.
Reverse mortgages (sometimes referred to as "home equity conversion loans") give older homeowners the ability to tap into built-up equity without the necessity of selling their home. The lender gives you funds based on your home equity amount; you get a one-time amount, a payment each month or a line of credit.
It has been said that only when your new interest is at least 2 points lower, should you refinance your loan. That could have been accurate years ago, but as refinancing has been costing less over the last few years, it is a good time to explore the options of a new mortgage! Refinancing has a number of benefits that often make it worth the up-front expenditure many times over.
Find out if you qualify for a given mortgage and just much you can afford, then create an amortization schedule. Discover how much in interest you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month. Find out how much someone currently renting can save in taxes this year if they decide to purchase a home.
Reviews (8)
Teddy Smith
May 27, 2021
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Got this great message from my customer today:
Good morning Ted,
I trust you are having a tremendous Thursday.
Thank you for expertise and guidance through the process. The fluid journey can only be contributed to your excellent communication and professionalism. Thank you again as we will certainly recommend you and your team to our friends.
Have a prosperous day,
Ben
Good morning Ted,
I trust you are having a tremendous Thursday.
Thank you for expertise and guidance through the process. The fluid journey can only be contributed to your excellent communication and professionalism. Thank you again as we will certainly recommend you and your team to our friends.
Have a prosperous day,
Ben
Will Swank
Oct 23, 2020
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Ted, Tori, and his team helped me finance a house this year. My credit was less than good, and I had no faith that buying a home was even possible at the time.
I was recommended to Ted and from the first meeting , he gave me confidence and hope that I was going to be a home owner. Ted and his team got me a loan that exceeded the amount I originally thought possible. They got me a great rate, a manageable closing cost and helped me with every step of the way.
From recommending the real estate broker, gathering paperwork, signing the many many documents, getting my credit where we needed it, to
I was recommended to Ted and from the first meeting , he gave me confidence and hope that I was going to be a home owner. Ted and his team got me a loan that exceeded the amount I originally thought possible. They got me a great rate, a manageable closing cost and helped me with every step of the way.
From recommending the real estate broker, gathering paperwork, signing the many many documents, getting my credit where we needed it, to
Cal Brown
Jul 23, 2020
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As a professional in the field of real estate it's essential to find the best lenders for my customers. Ted Smith is swift in communicating, offers incredible products and makes the process easier and more enjoyable than most I have dealt with. People don't just need info, they also need someone who can deliver it in the right way, eliminating the confusion and anxiety which is so often a byproduct of the process. Ted is able to do just that. This is why we chose him to finance our own home purchase recently.
Kate Savage
Nov 14, 2019
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Verna Bacon
Oct 16, 2018
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Ryan Woodrum
Oct 02, 2018
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Jason Rhyen Packo helped my family purchase our first home and we could not have been happier with his service and expertise. Whether a simple question about the process or helping navigate the web of documents needed to secure the loan Jason was our go to guy. Went above and beyond on multiple occasions, even drove to my job for documents to ensure we hit every deadline. Could not have been happier with the support we received and would definitely recommend Jason whether purchasing for the first time or a seasoned pro he will be there every step of the way. As stressful as purchasing a home can
Brian Packo
Nov 20, 2017
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Robin Packo
Jul 01, 2017
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