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FIRST ALLIANCE BLOG

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Loans & Credit

couple hugging after purchasing a car

5 min read

Can I Finance a Car Bought From a Private Seller?

Yes, you can finance a car bought from a private seller. It works differently than buying from a dealership, but it is absolutely possible, and for...

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man holding a house key pointing to a small home

5 min read

What is an Escrow Payment on a Mortgage and How Does it Work?

If you've ever looked at your mortgage statement and wondered why your monthly payment is higher than just the loan amount, you're not alone. A big...

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woman smiling holding key to a car

8 min read

How to Buy a Used Car from a Private Seller

Buying a used car from a private seller can save you thousands of dollars compared to going through a dealership. Private sellers often have lower...

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couple reviewing documents together on laptop

5 min read

How to Apply for a Mortgage with an ITIN

Buying a home with an ITIN is possible, and more straightforward than most people expect. An Individual Taxpayer Identification Number (ITIN) is...

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couple at table singing paperwork with lender

5 min read

Do Home Equity Loans Have Closing Costs?

Home equity loans and HELOCs may include closing costs and fees such as appraisal fees, title work, recording fees, or annual maintenance fees. Some...

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woman holding a key and man holding a model of a home

5 min read

HELOCs: How the Draw Period and Repayment Works

A HELOC (Home Equity Line of Credit) lets homeowners borrow against the equity in their home through a revolving credit line. Unlike a traditional...

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man in a stripped shirt reviewing paperwork

5 min read

What Does It Mean When My Loan Is in Underwriting?

Underwriting is the stage where a lender takes a close look at your finances before making a loan decision. They review your income, credit, debt,...

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car key and paperwork

5 min read

Why Do I Need Proof of Insurance for a Car Loan?

There are a few things about the car loan process that tend to catch people off guard, and proof of insurance is one of the biggest ones. Lenders...

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homeowner remodeling bathroom with tile installation

5 min read

Can I Use a Personal Loan For Home Improvement Projects?

If you’ve been living with a leaky faucet, outdated flooring, or a bathroom that’s seen better days, you already know that home repairs have a way of...

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man in red coat on boat fishing with wife in a black jacket

6 min read

Can You Finance a Boat?

A lot of people assume buying a boat means paying for it in full, upfront. That's not how most boat purchases actually work. Like cars and homes,...

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