Four to the Door

22 August, 2008 (07:45) | Buyers

ERA Mortgage

When people are looking to purchase real estate the best thing to start with is to get pre-qualified. This means meeting with a mortgage broker who will gather information and assess how much money you can afford. Here are some steps we call “Four to the Door.”

STEP 1: GET PRE-APPROVED

Guaranteed same-day loan decision. Most loan decisions are made within 20 minutes. When your customers speak to their loan consultant, they may choose Pre-Purchase Rate Protection, which safeguards their interest rate against market fluctuations and gives your customers the option of locking in a lower rate if rates drop.*

• Pre-approval letter. Once your customers are pre-approved, their letter will arrive immediately via fax or e-mail, so you can begin house hunting right away.

STEP 2: FIND A HOME

• Call us with a property address. The moment your customers notify us with the property address, we will order an appraisal (if needed) and send them a package containing important next steps. As soon as you and your customers have agreed on a price and signed the contract, have them call us.

STEP 3: RETURN DOCUMENTS

• Confirmation and Documentation. At this step, we will need your customers to verify the personal information supplied to us earlier, as well as any required documentation for closing.
• Loan application package. With this package, your customers will confirm the information they supplied for the pre-approval. There is nothing to fill out. They simply need to review the About You information and make any necessary changes. Then they sign and return the documents in the overnight envelope provided.

STEP 4: CLOSE ON TIME

• Guaranteed to meet closing date. Because you selected ERA Mortgage, you and your customers can rest easy: we’ll meet their requested closing date – guaranteed – or we’ll reduce your customers interest rate by 1/8 of one percent for the life of the loan.
• Closing Package. At closing, your customers will receive a Closing Package, containing all the documentation they need from ERA Mortgage.

ERA Mortgage also offers an easy mortgage experience for real estate agents.

• Agent Help Desk. Through our Agent Help Desk, you can receive information about loan program specifics and availability, current interest rates, down payment information, customer Good Faith Estimates, and more.
• Convenient hours. We work when you work. Our knowledgeable Mortgage Advisors are available 7 days a week.
• Flexible financing options. With over 150 mortgage programs, including a full host of specialty programs, ERA Mortgage has the options to fit your customers in the financing plans that best suit their needs.

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