1. Know your qualifications

A. Find out what you can afford. Use our calculators to determine the monthly mortgage. Get pre-approved for a mortgage before you shop for a home. Figure out how much you can spend, and you'll avoid wasting time looking at property you can't afford.

B. Income: prepare financial paper work if you are employed or if you are self-employed to show proof of income.

C. Assets: determine what assets you have

D. Credit: know your FICO score before you locate or contact a broker.

2. Use our Resource Library and mortgage calculators

This Resource Library and the mortgage calculators provided are for you to compare various programs and to identify your financial goals. Knowledge = Power = Choice.

3. Locate a mortgage broker

Advancequity.com provides you with a locate broker section designed to help you put a face with a voice. Again, it's your choice. The Power of Choice.

4. Ask lots of questions

See our FAQ's. This website allows you to retrieve all the information necessary for you to be educated with proper knowledge to help communicate in the mortgage-lending language. Simplicity make for clear decisions.

5. Advancequity.com tips

To all users of advancequity.com, whether you are here strictly for information, or refinance, or buying a new home, follow the basic rules of thumb:

• Know your qualifications
• Be informed, know before you go
• Obtain your credit score: shopping for a loan is fine, giving out your social security number, or applying at multiple site only hurts you. So shop with your score.
• Locate a local mortgage broker: A mortgage broker has access to many lenders with many different programs and guidelines. By utilizing a broker, you may obtain financing the first time you apply. That's the beauty of a broker.
• Avoid direct lenders: direct lenders only have one complete set of guidelines. If you do not fit in their box...you don't get a loan or its at a higher rate. With direct lenders, you may be very limited with your choices and options. With Advancequity.com, we enhance your choices and options: Use it--it was developed for you. That's the Power of Choice.

6. What your broker will expect from you

• Keep them informed of any questions or concerns you have.
• Provide true and accurate information and documentation as quickly as possible.
• Make decisions in a timely manner so as not to hold up the process longer than necessary.
• Become informed about the process, and set reasonable expectations.