First Rate Funding Receives 2010 Best of Business Award

March 18th, 2011

Press Release


Small Business Commerce Association's Award Honors the Achievement

SAN FRANCISCO, March 18, 2011 - First Rate Funding has been selected for the 2010 Best of Business Award in the Real Estate Loans category by the Small Business Commerce Association (SBCA).

The Small Business Commerce Association (SBCA) is pleased to announce that First Rate Funding has been selected for the 2010 Best of Business Award in the Real Estate Loans category.

The SBCA 2010 Award Program recognizes the top 5% of small businesses throughout the country.  Using statistical research and consumer feedback, the SBCA identifies companies that we believe have demonstrated what makes small businesses a vital part of the American economy.  The selection committee chooses the award winners from nominees based on off statistical research and also information taken from monthly surveys administered by the SBCA, a review of consumer rankings, and other consumer reports.  Award winners are a valuable asset to their community adn exemplfy what makes small businesses great.

About Small Business Commerce Association (SBCA)

Small Business Commerce Association (SBCA) is a San Francisco based organization.  The SBCA is a private sector entity that aims to provide tactical guidence with many day to day issues that small business owners face.  In addition to our main goal of providing a central repository of small business operational advise; we use consumer feedback to identify companies that exemplify what makes small business a vital part of the American economy. 

SOURCE: Small Business Commerce Association


Small Business Commerce Association



First Rate Funding Receives 2009 Best of Albany Award

August 31st, 2009

Press Release


First Rate Funding Receives 2009 Best of Albany Award

U.S. Commerce Association’s Award Plaque Honors the Achievement

WASHINGTON D.C., June 8, 2009 — First Rate Funding has been selected for the 2009 Best of Albany Award in the Mortgage Brokers Arranging For Loans category by the U.S. Commerce Association (USCA).

The USCA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2009 USCA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties.

About U.S. Commerce Association (USCA)

U.S. Commerce Association (USCA) is a Washington D.C. based organization funded by local businesses operating in towns, large and small, across America. The purpose of USCA is to promote local business through public relations, marketing and advertising.

The USCA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America.

SOURCE: U.S. Commerce Association

U.S. Commerce Association

5 Things To Do With Your 2008 Refund

February 8th, 2009

5 Things to Do With Your 2008 Refund

  • Save for a Down Payment on a New House
  • Pay Off High Interest Credit Cards
  • Pay Off Any Loans; Car, Boat, etc.
  • Start A Savings Plan
  • Add to You 401K

Use the calculator below to find out how much you tax refund for 2008 will be.  Saving you tax refund for a down payment for your next house is a great idea.

If you are thinking about buying a new home, First Rate Funding can help you answer any questions you may have about the entire mortgage process. Our Albany, and Saratoga Mortgage staff are knowledgeable and friendly.

Cal us today: 518-452-4700

First Rate Funding Has Moved!

October 9th, 2008
First Rate Funding of Albany NY has moved to 427 New Karner Rd.

We are pleased to announce that on July 5th we moved down the street to our new location at 427 New Karner Road on the second floor.

We are very happy to be in our new office and we would like to invite you to stop in and see us.  And while you’re here why not take advantage of getting a free mortgage pre-qualification.  No appointment is necessary!  Hope to see you soon.

Avoiding Foreclosure, Easier Than You Think

June 11th, 2008

avoid foreclosure

The housing market has seen better days, and sub-prime mortgage is now a household name with negative connotations, there are a few shiny spots in the market but to the thousands who face a home foreclosure the whole scene is dismal.

There are a few simple things that one can do to avoid the entire foreclosure scenario. If you think that you may be at risk or facing a foreclosure on your home you should look for refinancing options with your current lender and/or look to other lenders that may be able to help. Whatever you do don’t wait to open a dialogue with your lender; your lender may have programs available that are specific to your situation, you should work with your bank to see if they offer assistance, or even re-financing to 50 yr. mortgages that may reduce payment amounts.

If your finances are not stable and you find that making your monthly mortgage payment is difficult you should be proactive and protect yourself and your family. The bank does not want to foreclose on your house, especially in a less than hot real estate market. In most home foreclosures a bank will actually lose money because house values have fallen, or they would have to hire contractors to finish the remodeling project that you didn’t have a chance to finish. If a bank has to put your house on the market they may need to wait several months or longer before it sells and the interest payments that you would have been making otherwise would be lost, so you see foreclosure is a lose-lose situation for everyone.

A few simple things that can help avoid foreclosure:

  1. Stop using credit cards and pay down high interest debt. Eliminating high interest debt frees up cash for savings and putting towards principle.
  2. Don’t buy a home beyond or at the top end of your price range. If you can’t really afford or just afford it you could be walking into a financial pitfall if something unexpected happens like losing your job or an unseen medical absence from work.
  3. Have a savings account with at least 6 months expenses saved. If you can afford it put away more in a rainy day fund, the larger the buffer to fall back on may keep you out of foreclosure.
  4. Maintain your home - an increase in equity may help you if you want to refinance. If you build equity in your home you can borrow against it, and this will reduce the risk in investment by a lender, helping you secure a new mortgage. If you have to sell a well maintained home will sell faster if you decide that is the best route.
  5. eep your finances secure, including your 401K - Diversified investments can help insulate you from bubbles like the .com bomb and other stock market woes.

Remember, the smartest decision you can make is one that you make because you want to not because you have to.

First Rate Funding is a mortgage broker that offers a personal approach to the mortgage process proudly serving the Albany, NY area, with offices in Albany and Saratoga Springs.

If you have any questions about the mortgage process, or are looking for a mortgage or mortgage refinance including: FHA loans, First Time Home Buyer Programs, VA, Conventional, Conforming or a Non-Conforming loan, contact sales manager Ken Crichlow at 518-452-4700 or by email Visit the First Rate Funding website at:

First Rate Funding Mortgage Tips

April 7th, 2008

Hello, and welcome to our mortgage tips area. This area will include helpful tips and advice about home mortgages, refinancing, FHA, VA loans, and other loan types as well as real estate financing related topics.

If you have any questions please feel free to contact us, we have mortgage broker offices in Albany and Saratoga.