What To Expect

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you’re a First Time Homebuyer. Here’s some information that will keep you on track.

A home purchase may be your largest financial transaction to date, so it’s important to make the right decisions and to keep an eye on the details. With the assistance of an Elite Mortgage Capital Loan Consultant, the financing of your new home should be an efficient, pleasant, and rewarding experience.

Here’s how it works.

The quick application will ask you questions about the home and your finances and takes less than 20 minutes to complete. As soon as you’ve finished the application we’ll review your request.

An Elite Mortgage Capital Loan Consultant will contact you to introduce themselves and to answer any questions you may have. Your Loan Consultant is a Federal and State licensed mortgage expert and will provide help and guidance along the way.

If you are purchasing a new home, an Elite Mortgage Capital Loan Consultant will contact the Real Estate Agent or seller so they’ll know who to contact for updates.

We’ll send you some documents for you to sign so we can begin the formal application process.

The application package will be sent to you and will contain papers for you to sign and a list of items we’ll need to validate the information you provided about your finances during the on-line application.

We’ll order the appraisal from a licensed appraiser who is familiar with home values in your area.

Title insurance will be necessary and will be ordered as soon as possible. If you are refinancing we’ll take care of ordering the title work for you. We’ll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents.

We’ll contact you to coordinate your closing date.

After we receive your completed application, the appraisal, and the title work, we’ll contact you to schedule your loan closing once you are fully approved.

The closing will take place at the office of a title company or attorney in your area who will act as the lenders agent. You can select the settlement attorney or use the one we typically use. A few days before closing your Loan Consultant will contact you to walk you through the settlement process.

That’s all there is to it! Apply Now and you will be on your way to the most convenient home loan ever.

Count on your Elite Mortgage Capital Loan Consultant to:

  1. Assist you in selecting the best loan to meet your personal situation and goals.
  2. Keep you informed of your loan status throughout the entire process.
  3. Keep your Real Estate Agent informed of our progress (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).