PURCHASE A HOME - YOUR MORTGAGE PROCESS
Buying a home is one of the largest investments you will make in your life. At eHomeLoan® we simplify the home buying process and make it as smooth as possible.
Before you home hunt, it is important to have a pre approval letter in hand so you can answer this one simple question – “How much house can I afford?”
Click below to begin your online mortgage pre approval and have it reviewed in just minutes.
HERE'S WHAT eHomeLoan® OFFERS THAT BIG BANKS DON'T
- Low or No Closing Cost options for first-time or repeat homebuyers
- Down Payment Assistance Grant For Down Payment on House
- Lender Credits at Closing – bring less than 1% down at closing
- 100% VA Home Loans option for Veterans using VA Benefits / VA Certificate of Eligibility
- Programs to buy a home with a low credit score (down to 550)
If you know that you are serious about purchasing a home, you will want to get a Mortgage Pre Approval.
It is important to have a mortgage Pre Approval Letter to validate and confirm to the sellers that you are able to qualify for a mortgage to purchase their home.
Generally speaking, a Realtor and seller would be more willing to accept the offer of a pre approved buyer, because it shows them that you possess sufficient resources to provide the funds to purchase their home.
To get you Pre Approved for a mortgage, we must check your credit, verify your financial information and employment history, and confirm your ability to qualify for a mortgage. We will provide you a confirmation of your ability to qualify for a loan in the form of a Pre Approval Letter.
Hiring a Realtor® with knowledge and/or experience in the locations you’re interested in moving to will make your home buying transaction easier for you.
- Research Real Estate Brokers and Agents who specialize in the communities and areas where you would like to buy your new house.
- Screen potential Agent’s by asking specific questions about the area you want to know more about or move to. For example, if you have children who will be old enough to attend school in the near future you may want to ask about schools in the area.
- Give them a call and talk to them about the market and your interests. Fill them in on your scenario and listen to their advice. A simple call will answer all of your questions and clear up any confusion you have about buying your first home.
- Provide your real estate agent with a Mortgage Pre Approval Letter, so they can show you homes that you will qualify for.
Mortgage loan processing is when we ensure that all of the necessary documentation is in order for your loan application to close. Your Processor will review your documentation and compile the necessary information for loan submission (eg. income, assets and credit). It is very important to have a second set of eyes look over all of the documentation to ensure that all of the necessary information to qualify for a mortgage is provided and nothing is overlooked.
Your loan processor will prepare the file for closing after approval & obtain closing conditions (additional documentation required to close your loan).
Mortgage loan processing is when we ensure that all of the necessary documentation is in order for your loan application to close. Your Processor will review your documentation and compile the necessary information for loan submission (eg. income, assets and credit). It is very important to have a second set of eyes look over all of the documentation to ensure that all of the necessary information to qualify for a mortgage is provided and nothing is overlooked.
Your loan processor will prepare the file for closing after approval & obtain closing conditions (additional documentation required to close your loan).
After all of the requested supporting documents have been reviewed and approved by the underwriter, they will designate your file as “Cleared to Close”.
All that’s left in the mortgage process is your time at the closing table to sign all of your loan documents and required paperwork to complete the purchase of your home. You must bring the certified funds required at closing, made out to the closing company.
Congratulations! Your mortgage has closed and you are now ready to move into your new home!
Whether you would like to hire movers, or call all of your friends to help you move in, is completely up to you! Either way, the home buying and mortgage process is finally over. All you have left to do now is start unpacking and enjoying the comforts your new home!
We wish you the best on your new journey. Welcome to the neighborhood!
Congratulations! Your mortgage has closed and you are now ready to move into your new home!
Whether you would like to hire movers, or call all of your friends to help you move in, is completely up to you! Either way, the home buying and mortgage process is finally over. All you have left to do now is start unpacking and enjoying the comforts your new home!
We wish you the best on your new journey. Welcome to the neighborhood!
OUR MORTGAGE BROKERS ARE HERE TO HELP YOU BUY A HOME TODAY!
Whether you are a first time home buyer or an experienced homeowner, we all know how difficult and stressful the home buying process can really be. eHomeLoan® is here to help our consumers through every step of the home buying process.
- We guarantee customer satisfaction by keeping you updated on current market knowledge as well as informing you about our variety of different mortgage products.
- eHomeLoan® values transparency with the mortgage and home buying process from the beginning to the end of the transaction.
- By informing our borrowers of the different products that we make available to them, we are able to put them into a home and mortgage loan that will best suit their financial needs.
- We will earn your trust and make the home buying process a stress-free environment, because without your trust there is no reason for anyone to continue with the process.
- Not only do we promise to keep you informed every step of the way, but we also help take the weight off your shoulders, ease the pressures of the Real Estate market, and help you buy a house quickly and with ease.
