Other Reasons to Refinance

Refinance to Access Cash
Think of the equity in your home as a savings account that you could access through cash-out refinance. You may want to finance an important home improvement that will increase the value of your home, pay for college or pay off high interest credit card debt (read below). Whatever your reason, this may be the right option for you.

Refinance to Pay Off Credit Cards And Other Debt
The difference between credit card debt and a mortgage can, financially speaking, mean thousands of dollars. Why? Credit card debt is compounded where the interest on a mortgage is simple, and often tax deductible. Using the equity in your home rather than credit cards to finance expensive purchases can save you money paid in interest in the long run. Be sure to consult your tax advisor.

Credit score has improved
If your credit score has improved as a result of making your mortgage payments on time and in full or paying down your debt, you may be in a position to take advantage of your improved credit standing. We can review your current credit score, the terms of your existing mortgage, and use a Total Cost Analysis to help us find the loan that benefits you the most.

Combine your 1st and 2nd Mortgages
It is very common to use your line of credit and then combine the two loans into one loan at an overall lower payment.

Many mortgages can be refinanced, including a fixed-rate mortgage, adjustable-rate mortgage, and FHA mortgage.

Why Choose First Wholesale Lending?

First Wholesale Lending is one of the fastest-growing, direct-to-consumer mortgage lenders in the country.

While being one of the fastest growing direct lenders, FWL has maintained an A Grading with the Los Angeles Better Business Bureau as well as an outstanding relationship with the Department of Real Estate.

In order to ensure proper licensure, all FWL loan officers are trained and required to be licensed with State Agencies as well as Federal Agencies, giving you a piece of mind.

The First Wholesale Lending Difference.

Other than being a Direct Mortgage Lender, First Wholesale Lending, is a “Wholesale Lender”. As a Wholesale Lender, we are able to provide you our consumers, with the Lowest Possible Interest Rates.

First Wholesale Lending, unlike Most Major Banks only focuses on Making Home Loans. By doing so, FWL is allowed to keep our overhead low, letting us pass on the savings to you.

The First Wholesale Lending Promise

At First Wholesale Lending, our goal is to provide low rates and excellent service to every customer. We understand how important getting a home loan whether a New Purchase or a Refinance and we are here to simplify the process while guiding you through every step of the way. We focus on the 3 C’s