What Every Potential Borrower Needs to Know

Your Rights. What will be asked of you. What Your Should Demand of Every Loan Officer and Brokerage Firm

All loans have 4 steps with many requirements. The goal is to find the right loan, that you can easily pay back and maintain or build your credit record. We don’t want you to have stress by losing your dream home. That makes you unhappy. It makes the loaner unhappy and it makes us unhappy. So first, we are going to talk and/or meet with you. Then we are going to figured out, using all our experience, which loan best suits your needs or tell you what you need to fix in order to get a loan.

Step 1: CREATING YOUR APPLICATION
When we create an application on your behalf, these are the pieces of information we shall need
1. Your Legal Name(s):
  Who every’s income is going to be considered for your home loan application will need to be presented. Two pieces of government approved identification will be required.
2. Your Monthly Income
3. Sources of Income and Assets:
  Yes, it feel invasive. You work hard, you do your best, you deserve to own your own home! Why don’t we just believe you? WE DO, but the people we are going to submit your request to, banks and loan providers, are a business, not charities. Their job is to make money. They have to prove to their owners and stockholders, the people whose money you are using, that the money will be returned with interest and no hassles.
4. Your United States Social Security Number and Permission for a Credit Report
5. The Property Address & Reason for the Purchase
6. Completed Estimated Value of the Property
7. The amount you want to borrow
8. Your Race, Age, Gender
  What! Why do you want that, how old and my gender is none of your business!!!!!
  We don’t, but the USA government does. They want to make sure that everyone is getting the opportunity to purchase a home. To prove that EHL is non-discriminatory, we have to tell them. If you refuse, which is your right, then we have to guess by how you look or your name. We would rather you tell us, so it is accurate.
Step 2: VERIFYING YOUR INFORMATION