• Credit Report
• Appraisal
• Courier Fees
• Recording Fees
• Flood Certification
• Title Search
• Title Insurance
• Tax Service Fee
• Closing Fee

The only fees First Financial does not pay are your pre-paid expenses. This means your tax and insurance escrow and your interest. We do not consider this a cost since these obligations are your responsibility with your current mortgage lender.

A $250 application fee is required. This fee is refundable upon the closing of your loan. If for any reason you do not close, this fee will be non-refundable.

The refinancing process is extremely simple and in most instances can be completed on a streamline basis with minimal documentation required.

No Points!! No Closing Costs!!

"What if rates go down or I decide I want to refinance? Do I have to pay closing costs again and again?"

Before you think of taking out an adjustable rate loan, look at this

How our program works:
With other Mortgage firms, the customer gets the best rate he can get at the time of purchase, pays all closing costs and is locked into a fixed rate or an adjustable rate loan. If rates drop, and the customer wants to obtain a better rate, he/she must pay thousands in closing costs again just as when he/she purchased  her home.

Not so with First Financial’s True No Cost Mortgage...
In our line of thinking, you should be able to refinance any time you want in the future if rates improve. That's why we continue to pay your closing costs again and again to keep your rate as low as possible. Of course we are limited by the market like everyone and if rates go up and it is difficult to get a better rate. But if rates improve, which they always do eventually, we will take you down at no cost. That is the benefit of buying your home with us to start with.

Sounds too good to be true?
One way to understand it is to think of it as a travel agent who looks for the best deal from a host of airlines and let's you know your best options based on your needs. This is exactly what First Financial Mortgage does for you in finding a loan for your home. In doing so, the lender that we use pays a commission to us for originating the loan. This is called the "Service Release Premium". In essence we are "selling" the loan to the lender and earn a commission for doing so.

How does it work?
This commission or "Service Release Premium" is usually somewhere between 1.5-3.0% of the amount of the loan. With that money then we are able to pay your closing costs and still make a profit on the loan.

Here's Other Ways You Save Money

1. Reduced Rate of Interest
Even a ¼ percent rate reduction can add up to big savings if you take advantage of our NO COST refinancing program.

2. Elimination of mortgage insurance (PMI)
If you now have more equity in your home you may benefit from removal or reduction of your monthly mortgage insurance premium. PMI is for the benefit of the lender only. If you have the equity, eliminate this through our NO COST refinance program.

3. Consolidation of Installment Debt and Auto Loans
If you have some equity in your home, you may be able to consolidate credit cards, car loans, and other consumer debts into your home mortgage. This could cut the interest rate you pay on these balances by 50% or more.

4. Tax Considerations
The interest you pay on most home mortgage loans is deductible on both federal and state income taxes. Interest on most other personal debt is not deductible. Consolidating your other  debt into a home mortgage may result in a tax savings of 20 to 40 percent of your interest payment, depending on your tax bracket.

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