Mortgage Basics
Services we offer our clients!
Let’s Chat
Start your journey today, feel free to reach out to us for personalized mortgage guidance and assistance.
Do you like to speak directly?
Call Us On: (949) 309-2402 Or Email Us.
Mortgage Basics
Application Checklist
Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying.
Credit
Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Know how to improve your score and more.
Closing Costs
A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them.
Appraisals
An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value.
Private Mortgage Insurance (PMI)
Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house.
Refinance
Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more.
Foreclosure
Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract.
Our commitment is to provide unparalleled customer service and exceptional value.
Equity 123 Lending
Equity 123 Lending is a licensed mortgage broker.
All loans originated by Equity 123 Lending are funded by third party lenders. Equity 123 Lending INC, and Equity 123 Lending, LLC. are authorized to do business as “Equity 123 Lending” in certain states.
Equity 123 Lending is an equal housing lender.
All loans originated by Equity 123 Lending are funded by third party lenders. Equity 123 Lending INC, and Equity 123 Lending, LLC. are authorized to do business as “Equity 123 Lending” in certain states.
Equity 123 Lending is an equal housing lender.
Contact Us
cedric@equity123lending.com949 306-660222512 Aliso Park Drive
Lake Forest, California 92630
Lake Forest, California 92630
NMLS ID #2033794
NMLS ID For California #2476839
NMLS Consumer Access Disclosure:
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.
© 2024 Equity 123 Lending INC. and Equity 123 Lending, LLC.