Services
What FGTE Can do for you
Whether you are an agent, buyer, seller or lender, you can count on FGTE to close even the most difficult transactions smoothly and on time. In every instance, we are dedicated to protecting the agent’s reputation and the client’s time. Our experienced staff knows what to expect and how to overcome issues that could otherwise lead to delays or inaccuracies.
Residential Settlements & Refinancing
At closing time for a purchase or refinance, FGTE unites the agents, lenders, and individuals with accurate closing documents that mirror the terms of the contract, and explicitly explain the lenders’ documents and meet the designated deadlines. Your closing will typically be conducted by one of our experienced and licensed title agents.
When refinancing, you must purchase lender’s title insurance because you have a new loan on the property. A reduced rate may be possible for the refinance lender’s title insurance. You will not need to purchase owner’s title insurance – owner’s title insurance is purchased once and provides coverage for the entire time you own the property.
Title Insurance
We provide title insurance for both lenders and owners. Lenders insurance is required to insure the lender while the loan is active. Owners insurance is recommended, but optional, and protects you against title defects that happened prior to your purchase of the home. Contact us for an in-depth explanation as to how you would benefit from this one- time purchase of owner’s title insurance.
Commercial Settlements & Refinancing
A commercial real estate purchase can be made by an entity or an individual buying property to be used solely for business purposes. Lenders do require title insurance for these loans, and owners insurance is recommended, but optional. Commercial loans may be refinanced. Refinances may be requested to reduce interest rates, shorten loan terms or to change loan products. The approval process for a refinance mirrors what was required for the original purchase.
Home Equity Lines of Credit/Commercial Lines of Credit
A home equity line of credit (also known as a HELOC) uses the purchaser’s equity in the home to secure a line of credit. HELOCs may be used for home improvements or to fund emergency spending issues.
Commercial lines of credit, issued to businesses, can be used to cover short term expenses.
Most lines of credit, secured by real property, have a variable interest rate and go through a similar approval process as the original property purchase. Contact your FGTE licensed title agent for additional information.
Construction Loans
FGTE has served both individual and commercial clients for construction loans. We are able to serve as a Mechanic’s Lien Agent (MLA) during the construction process. As such, we monitor the construction loans by coordinating title bringdowns, issuing advance endorsements to the lender, and gathering the subcontractors’ lien waivers. Our role is critical, ensuring that all subcontractors are paid, so that the new owner does not encounter Mechanics’ Liens after closing.
We Offer Convenient Closing Options
We want the closing to be convenient for you! We will meet you in our Lake Ridge or Fredericksburg offices, or we will come to you. We are flexible as to the timing of your closing, and can be available during non-traditional hours. Again, we plan to exceed your expectations by putting your needs first.
We serve all of Northern Virginia, including: Prince William County, Fredericksburg, Stafford County, Spotsylvania County, Fairfax County, Alexandria, Arlington County and Loudoun County.