| ELITE MORTGAGE SERVICES, INC. |
| PURCHASE |
| CONTACT US NOW Phone: (239) 354-0058 Fax: (888) 607-4420 info@elitemortgageservicesinc. com |
Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage process.
You can start the loan process by clicking the pre-qualification link below. If you want to know for sure where you
stand. We have included the official Uniform Residential Loan Application and Credit Release form which can be
printed and faxed to us.
We are available to help you every step of the way. Just call us at (239) 354-0058, fax at (888) 607-4420 or e-mail us
at info@elitemortgageservicesinc.com
Purchase Pre-Qualification
Loan Application
Credit Release Form
If you receive an error message when trying to download either of the above forms, you might need to first download
the acrobat reader.
Am I really ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive
than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for
the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are
better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros
and cons for your particular situation.
How much "house" can I afford?
The first step toward finding the right home is to quickly compute your purchasing power and determine how much you
can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. You
should consider both the up-front and ongoing costs associated with purchasing a home in the planning stage. Some
up front costs include:
Monthly mortgage payment
Homeowners Insurance
Mortgage Insurance (if applicable)
Flood Insurance (if applicable)
Property Taxes
Utilities
Maintenance
How much can I get pre-qualified for?
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate ofwhat you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know
you are a knowledgeable and serious buyer.
opportunity to learn more about home buying and the mortgage process.
You can start the loan process by clicking the pre-qualification link below. If you want to know for sure where you
stand. We have included the official Uniform Residential Loan Application and Credit Release form which can be
printed and faxed to us.
We are available to help you every step of the way. Just call us at (239) 354-0058, fax at (888) 607-4420 or e-mail us
at info@elitemortgageservicesinc.com
Purchase Pre-Qualification
Loan Application
Credit Release Form
If you receive an error message when trying to download either of the above forms, you might need to first download
the acrobat reader.
Am I really ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive
than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for
the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are
better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros
and cons for your particular situation.
How much "house" can I afford?
The first step toward finding the right home is to quickly compute your purchasing power and determine how much you
can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. You
should consider both the up-front and ongoing costs associated with purchasing a home in the planning stage. Some
up front costs include:
 | Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater | |
| equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance. | ||
| Closing Costs: Typically range from 2-6% of the loan amount depending on your area. | |
| On-going Costs: Your housing costs can include the following: |
Homeowners Insurance
Mortgage Insurance (if applicable)
Flood Insurance (if applicable)
Property Taxes
Utilities
Maintenance
How much can I get pre-qualified for?
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of
you are a knowledgeable and serious buyer.
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