I've used First Equity twice and I probably won't be back. The President, Bill O'Boyle does a great job but it's not enough to make up for everything else. The problem probably is with the choice of lenders and the inexperience of the processors. We contracted to buy March 12th but didn't close till May 22 after numerous delays. The loan was conventional, 80:20 LTV, good credit etc. The lender continually came back over the weeks as this dragged out for more/different/updated documents. (3-4 revisions of the sales contract??) It seemed like a constantly moving goal, we never knew where we stood or if they finally had 'everything' even though we had completed everything on the document checklist months ago! There were some extenuating circumstances but I think they could have been managed much better with an experienced processor. Closing day itself was no different from the rest of the process: drawn out and ambiguous - something that should take 1:30-2 hours took 5. Im just glad it's over. read more