What is FGCapital?
First Global Capital
Corporation, headquartered in Los Angeles is a California Corporation.
First Global Capital Corporation is a computerized loan originator
and a lease broker. It is not a lender and does not make loans or
credit decisions in connection with loans. First Global Capital
Corporation does not endorse, recommend or favor the products of
any participating lender. First Global Capital Corporation is not
an agent of either you, the consumer, or any participating lender.
First Global Capital Corporation's services are administrative and
consultative only. You should rely on your own judgment in deciding
which available loan product best suits your needs and financial
means. You are under no obligation to use First Global Capital Corporation
to commence the financing process and First Global Capital Corporation
does not guarantee that completing a smart form will result in your
receiving a loan from one of our participating lenders. Use of the
First Global Capital Corporation service is free to you, the consumer.
First Global Capital Corporation receives its compensation from
its network of participating lenders for the goods, facilities and
services actually provided by First Global Capital Corporation.
Federal Disclosures
Your application form
may be forwarded to our lenders. The lenders are required to make
certain disclosures to you when you have made application with them.
These disclosures, which are required by the Truth in Lending Act
(TILA) and, for loans secured by real property, the Real Estate
Settlement Procedures Act (RESPA) include good faith estimates of
your cost of credit; good faith estimates of your settlement costs;
HUD mandated booklets "Guide to Settlement Costs" and
"When your Home is on the Line"; notices concerning the
possibility that your mortgage loan servicing may be transferred;
and your right to a copy of any appraisal, if any, performed on
your home. The Federal Equal Credit Opportunity Act prohibits creditors
from discriminating against credit applicants on the basis of race,
color, religion, national origin, sex, marital status, age (provided
the applicant has the capacity to enter into a binding contract),
because all or part of the applicant’s income derives from any public
assistance program, or because the applicant has in good faith exercised
any right under the Consumer Credit Protection Act. The federal
agency that administers compliance with this law is the Federal
Trade Commission, Equal Credit Opportunity, Washington, DC 20580.
Additional State Disclosures
California:
If your application form is forwarded to our participating lenders,
you will receive from lenders a good faith estimate required under
RESPA and an initial disclosure statement required under the TILA,
each within three business days from the date you submit an application
to them. If the action indicated in this notice was based, in
whole or in part, on any information contained in a consumer credit
report, you have the right to obtain, within sixty days, a free
copy of your consumer credit report from the credit reporting
agency which compiles and maintains files on consumers on a nationwide
basis. You also have the right to dispute the accuracy or completeness
of any information in a consumer credit report furnished by the
consumer credit reporting agency by contacting that agency directly.
Connecticut:
The Connecticut Home Mortgage Disclosure Act prohibits discrimination
against home purchase loan, home improvement loan or other mortgage
loan applicants solely on the basis of the location of the property
to be used as security. The agency which enforces compliance with
this law is the:
Department of Banking
260 Constitution Plaza
Hartford, Connecticut 06103
If you believe you
have been unfairly discriminated against, you may file a written
complaint with the Commissioner of Banking at the above address.
(Conn. Gen. Statutes, Chapter 669, Part IX).
First Global Capital Corporation
is a BROKER ONLY, NOT A LENDER.
District of Columbia:
If your application form is forwarded to our participating lenders,
you may be issued a Financing Agreement by lenders in accordance
with D.C. Code Ann. § 26-1013. If presented, this agreement will
highlight (1) the term and principal amount of your loan; (2)
an explanation of the type of mortgage loan being offered; (3)
the interest rate and, if the rate is subject to change, or is
a variable rate, or is subject to final determination at a future
date based on some objective standard, a specific statement of
those facts; (4) the points and fees, if any, to be paid by you;
and (5) the financing agreement term.
Florida: First
Global Capital Corporation does not make mortgage loans or commitments.
Nor can we guarantee acceptance into any particular loan program
by any participating lender, or specific loan terms or conditions.
If your application form is forwarded to our participating lenders,
you will receive from lenders, a good faith estimate of various
third party fees required in connection with your loan. The documentation
you receive will include information on the refundability of any
fees paid.
Georgia: If
your application form is forwarded to our participating lenders,
you will receive from lenders a good faith estimate of the settlement
costs in connection with your loan in accordance with Georgia
and federal law. The amount of the fees will be determined by
the lender. This documentation will include information on the
refundability of any fees paid.
Illinois:
If your application form is forwarded to our participating lenders,
a Borrower Information Document will be provided to you by the
lender you select pursuant to the Residential Mortgage License
Act of 1987 and Rules promulgated thereunder (38 Ill. Adm. Code
1050). The purpose of this document is to set forth those exhibits
and materials you should receive or be receiving in connection
with your residential mortgage loan application with the lender
based on your request to First Global Capital Corporation. You
will also receive from the lender you select a list of documents
and materials required to complete your loan application with
the lender.
Louisiana:
The state of Louisiana has not reviewed and does not approve,
or disapprove any loan brokerage contract. The information contained
in this disclosure has not been verified by the state. If you
have any questions, see an attorney before you sign a loan contract.
Maine:
By clicking the "submit" button, you authorize lenders
to request your consumer credit report. At your written request,
you will be informed whether or not a consumer report was requested,
and if a report was requested, you will be informed of the name
and address of the consumer reporting agency that furnished the
report.
Maryland:
If your application form is forwarded to our participating lenders,
you may be issued a Financing Agreement by lenders in accordance
with Maryland Commercial Law Code §§ 12-125, 1013 which will include:
(1)the term and principal amount of your loan; (2) an explanation
of the type of mortgage loan being offered; (3) the interest rate
and, if the rate is subject to change, or is a variable rate,
or is subject to final determination at a future date based on
some objective standard, a specific statement of those facts;
(4) the points and fees, if any, to be paid by you; and (5) the
term in which the Financing Agreement remains in effect.
Licensed Mortgage
Lender, Maryland Department of Labor, Licensing and Regulation.
Massachusetts:
If your application form is forwarded to our participating lenders,
be advised that under Massachusetts General Law ch. 184, § 17B:
(1) the responsibility of the attorney for a lender is to protect
the lender’s interests, (2) you have the right to engage your
own attorney to represent your interest in the transaction, at
your expense (3) the approximate expiration date of the Note (see
your Loan Information Page for the term of your loan), and (4)
please be aware that as of the expiration date of the Note, the
lender may demand payment of the Note, may rewrite the Note by
agreement at a greater or lesser rate of interest, or may, by
agreement, allow payments to be made on the Note at the same,
or a lesser or greater rate of interest.
The federal Equal
Opportunity Act and comparable provisions of Massachusetts law
prohibit creditors from discriminating against credit applicants
on the basis of race, color, religion, creed, national origin,
sex, sexual orientation, ancestry, handicap, marital status, age
(provided that the applicant has the capacity to enter into a
binding contract), or because all or part of the applicant’s income
derives from any public assistance program. The federal Equal
Credit Opportunity Act also prohibits creditors from discriminating
against credit applicants because the applicant has in good faith
exercised any right under the Consumer Credit Protection Act.
The state agency that administers compliance with the state law
is the:
Massachusetts Commission Against
Discrimination
One Ashburton Place
Boston, Massachusetts 02108
New York:
By clicking the "submit" button, you authorize lenders
to request your consumer credit report. At your written request,
you will be informed whether or not a consumer report was requested,
and if a report was requested, you will be informed of the name
and address of the consumer reporting agency that furnished the
report.
The state agency
that administers compliance with Section 296-a of the Executive
Law (which is similar to the federal Equal Credit Opportunity
Act) is the:
State of New York Banking Department
Two Rector Street
New York, New York 10006
North Carolina:
First Global Capital Corporation does not make mortgage loans
or commitments. Nor can we guarantee acceptance into any particular
loan program by any participating lender, or specific loan terms
or conditions. You may be required by the lender you select to
pay an application fee to cover the costs of an appraisal, credit
report or other items. The amount of the fee will be determined
by the lender. The documentation you receive will include information
on the refundability of any fees paid.
Ohio:
The Ohio laws against discrimination requires that all creditors
make credit equally available to all creditworthy customers, and
that credit reporting agencies maintain separate credit histories
on each individual upon request. The Ohio Civil Rights Commission
administers compliance with this law.
Pennsylvania:
If your application form is forwarded to our participating lenders,
you may be required by the lender you select to pay an application
fee to cover the costs of an appraisal, credit report or other
items. The amount of the fee will be determined by the lender.
The documentation you receive will include information on the
refundability of any fees paid.
Rhode Island:
By clicking the "submit" button, you authorize lenders
to request your consumer credit report. At your written request,
you will be informed whether or not a consumer report was requested,
and if a report was requested, you will be informed of the name
and address of the consumer reporting agency that furnished the
report.
Utah:
If your application form is forwarded to our participating lenders,
Utah law requires that we advise you that the lender you select
may transfer servicing rights to your loan to another lender.
The lender that makes your loan will provide you a separate written
disclosure statement regarding the servicing of your loan and
the likelihood that the servicing will be transferred to another
lender.
Vermont: Pursuant to Vermont
Regulation B-96-1, you are hereby advised that:
- First Global Capital Corporation
is acting in a brokerage capacity and will provide the following
services in connection with your loan: making qualification
forms available to you on the Internet at www.lendersFair.com;
transmitting your completed qualification form to participating
lenders in our network; offering you access to general educational
information concerning home financing including glossaries,
articles and calculators;
- First Global Capital Corporation
represents your interests in the following ways: (1) First Global
Capital Corporation shall accurately transmit the information
provided by you in the qualification form to Lenders that are
authorized to conduct business in Vermont, (2) First Global
Capital Corporation shall comply with applicable state and federal
equal credit opportunity and fair credit reporting acts, and
(3) First Global Capital Corporation shall safeguard the privacy
of your personal identifying information by adhering to our
privacy policy as published on our web site. First Global Capital
Corporation does not otherwise represent the interests of either
you or the participating lenders. Our service is consultative
only and you should rely on your own judgment in deciding which
loan product best suits your needs and financial means. You
are not relying on First Global Capital Corporation to select
a loan product for you.
- First Global Capital Corporation
does not charge you a fee to use the First Global Capital Corporation
service.
- First Global Capital Corporation
receives fees from our participating lenders only for closed
loans that were originated through the First Global Capital
Corporation service.
- By clicking the “submit” button
below, you agree to the above terms and conditions, you authorize
lenders to request your consumer credit report, and you authorize
the release of all information required by lender relating to
the disposition and status of your qualification form and. At
your written request, you will be informed whether or not a
consumer report was requested, and if a report was requested,
you will be informed of the name and address of the consumer
reporting agency that furnished the report.
Washington:
If your application form is forwarded to our participating lenders
you will receive from lenders a good faith estimate of settlement
costs under RESPA and an initial disclosure statement required
under the TILA.
The interest
rate quoted in connection with the loan you select is subject
to change without notice unless and until an interest rate lock-in
agreement has been made between you and the lender. First Global
Capital Corporation does not offer lock-in agreements and does
not guarantee any rate of interest quoted by a participating lender.
If you enter a lock-in agreement with the lender you select and
are required to pay a lock-in fee, the terms and conditions under
which the lock-in fee may be refunded, if any, will be set by
the lender.
We will not
collect any fees from you in connection with your completion of
a application form. All fees will be collected by and payable
to the lender you select. If the lender you select is licensed
under the Mortgage Broker Practices Act, the fees paid by you
for third-party provider services (such as an appraisal or credit
report), may be held in a trust account and any moneys remaining
after the payment to third-party providers will be refunded to
you.
If you are
unable to obtain a loan for any reason, the lender, if licensed
under the Mortgage Broker Practices Act, will, within five (5)
days of a written request by you, give copies to you of any appraisal,
title report, or credit report paid for by you, and transmit the
original appraisal, title report, or credit report to any other
mortgage broker or lender to whom you direct. Transmission of
these reports includes the right to use these reports. You are
also entitled to receive a copy of any appraisal paid for by you,
pursuant to the federal Equal Credit Opportunity Act.
Washington
state law against discrimination prohibits discrimination in credit
transactions because of race, creed, color, national origin, sex
or marital status. The Washington State Human Rights Commission
administers compliance with this law.
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