First State Financial Group is a professional brokerage firm. Our staff has a combined experience of over eight years in approving and originating mortgage loans for our clients.
From the beginning, we've been driven by a desire to create a loan process that is direct, efficient, and customer-oriented, while offering some of the most competitive rates around.
Simply fill out our online information request form for more information or call us toll free at (866) 349-8149. One of our representatives will contact you within 24 hours to discuss your financial needs.
Whether your credit rating is A++ or you are "credit challenged" - Even if you've been turned down before, First State Financial Group can get you the cash you want.
Whatever you need from a mortgage lender, First State Financial Group has it.
- No Closing cost programs
- Competitive fixed-rate loans
- Flexible adjustable-rate mortgage loans (ARM)
- Low down payment or monthly payment options
- Home Improvement loans
- College Tuition or Start a new business
- And Much more!
We are committed to provide you with great, professional service. On top of that-As our client you will receive:
- A color copy of your Home appraisal report.
- Amortization schedule to teach you how to save money and time.
How to Reduce Your Mortgage
One Additional Mortgage Payment a Year
There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan's principal.
This is the method being used by "Bi-Weekly Mortgage Reduction Services" and "Bi-Weekly Mortgage Savings Programs". Only, when you do it yourself, you don't pay a third party unnecessary set-up costs and fees!
Example: $100,000 loan, 30-year mortgage, 6.5% fixed interest rate
| Extra Mortgage Payments/Year |
Principal & Interest |
Additional Monthly Payment |
Savings | Total Paid | Number of Years / Months |
| 0 | $632.07 | 0 | 0 | $227,542.98 | 29.92 / 359 mos. |
| 1 | $632.07 | 52.68 | $29,088.02 | $198,454.96 | 24.12 / 290 mos. |
| 2 | $632.07 | 105.35 | $28,399.71 | $181,050.85 | 20.5 / 246 mos. |
| 3 | $632.07 | 158.02 | $58,320.95 | $169,222.03 | 17.92 / 215 mos. |
| 4 | $632.07 | 210.69 | $66,969.79 | $160,573.19 | 15.92 / 191 mos. |
| 5 | $632.07 | 263.36 | $73,607.77 | $153,935.21 | 14.34 / 172 mos. |
One-time Payment
It may not be possible for you to increase your monthly mortgage payment. Keep in mind that most mortgages will permit you to make additional payments to your principal at anytime. Perhaps, five-years after moving into your home you receive a larger than expected tax return, or an inheritance or a non-taxable cash gift. You could apply this money toward your loan's principal, resulting in significant savings and a shorter loan period.
Example:
With a $100,000, 30-year, 6.5% fixed interest rate mortgage loan, the borrower will pay a total of $227,542.98 to pay back the loan in 30 years. That equals $127,542.98 in interest payments.
If the same borrower makes a one-time $5,000 payment the first day of year 6, he/she will pay a total of $204,710.75 and pay off the loan in 27 years (324 months). That's a savings of $22,832.23 in interest.
