About Elite Lending Services, LLC.
A mortgage broker acts as a middleman between borrowers and lenders. Instead of working with just one bank, a mortgage broker can help you compare loan options from multiple lenders to find a mortgage that fits your financial goals and needs.
A mortgage broker can provide access to multiple lenders and loan programs, potentially helping you find competitive rates and terms. We do the shopping for you, saving you time and helping you navigate the mortgage process from start to finish.
Working with a professional mortgage broker is always the best option for consumers. Brokers are faster, less expensive and because of our low overhead we are able to pass those savings onto our clients by offering lower rates and lower fees.
There are no upfront costs or fees here at Elite Lending Services.
Your privacy is very important to us here at Elite Lending services. From the very start of securely applying online to uploading personal information to shredding any paper documents once your loan is Clear To Close, your information will be safe and secure.
No, we do an initial soft credit pull which doesn’t affect your credit scores at all.
We offer every type of loan available to consumers including FHA, VA, USDA, Conventional, Non-QM, Investor Cash Flow, Construction Perm, Jumbo, and Super Jumbo Loan.
In today’s busy world, most clients choose to do everything online, but I am always willing to meet in person if that’s what a client prefers.
About the Process
When a consumer initially applies for a mortgage, this is considered a pre-qualification. Before a lender can provide a pre-approval, the borrower’s income and assets must be verified.
Brokers are known for their precision and speed. Our average submission to Clear To Close is 10 days.
No, in fact you may not need a down payment at all for certain loans types. Some loans only needs as little as 3% down, while others may require 10%, 20%, or more. We can help you explore available options and determine what works best for your situation.
Some Non-QM loans allow for a pre-payment penalty, but this is optional and most consumers choose not to take the pre-payment penalty even though doing so improves the interest rate. No other loan type allows for pre-payment penalties.
The minimum credit score requirement varies by lender and loan type. While higher credit scores often qualify for better rates and terms, many loan programs are available to borrowers with less than perfect credit.
Mortgage rates are influenced by several factors, including market conditions, your credit score, loan amount, down payment, loan type, and the length of the loan term.
A fixed rate mortgage maintains the same interest rate throughout the life of the loan while an adjustable rate mortgage (ARM) may start with a lower rate that can change over time. The right option depends on your financial goals, budget, and how long you plan to stay in the home.
Yes. Refinancing may help you lower your interest rate, reduce your monthly payment, shorten your loan term, or access home equity through a cash-out refinance. We can discuss your goals and help you determine whether refinancing makes sense for you.
Closing costs are fees associated with finalizing your mortgage and home purchase. These may include lender fees, appraisal fees, title insurance, escrow fees, and prepaid taxes or insurance.