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Home > Financial Services > Mortgage Brokers > Elite Mortgage Network
Elite Mortgage Network
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Whether you are moving to Tampa Bay from another location or just moving across town, Elite Mortgage would like to be your lifetime lender.
Elite Mortgage Network offers a variety of loan programs to meet your needs. They work with the leading lenders in the industry to provide FHA, VA, Conventional, Jumbo, Construction Loans, Lot loans, equity loans, bridge loans and impaired credit loans.
Get your home construction loan and permanent loan in one convenient, cost saving package. Their single application and approval process obtains both construction and permanent financing with one combined loan and one closing. You'll deal with one lender during the entire home building process, eliminating hesitation and reducing costs. Lock the rate in before you start and pay interest only during construction. When your home is built you have the advantage of a low interest rate 30 year loan.
Contact a loan officer today for further assistance. Conforming loans are calculated based on a loan amount of 322,700 dollars with closing costs of 6,454 dollars. Jumbo Loans are calculated based on a loan amount of 1,000,000 dollars with closing costs of 20,000 dollars. Your actual APR may be different depending upon these factors.
The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
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