We've been with you since 1998! Our local and experienced mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in either buying a new home, refinancing an existing mortgage, or looking to utilize the equity in your existing home for the much needed home improvements you've been dreaming about for many years!
We are committed right alongside you to help you through the complex process. We will help you qualify, apply and be approved for the right mortgage loan for you. Why rely on anyone else? We'll guide you through the process and make it worry-free to improve your interest rate and monthly payment. We can even help you pay down your balance more quickly for a comparable monthly payment.
Using our online loan application, you can take your time and complete your application whenever it's convenient for you. And, you can always save your work and come back and complete it later if you need to.
We are committed right alongside you to help you through the complex process. We will help you qualify, apply and be approved for the right mortgage loan for you. Why rely on anyone else? We'll guide you through the process and make it worry-free to improve your interest rate and monthly payment. We can even help you pay down your balance more quickly for a comparable monthly payment.
Using our online loan application, you can take your time and complete your application whenever it's convenient for you. And, you can always save your work and come back and complete it later if you need to.
Services
Since 1998, the loan origination team at Essential Mortgage Company has been dedicated to providing a successful and stress-free transaction for every client.
Professionalism and courtesy are our hallmarks, and the savings we pass along to our borrowers makes us unique among our competitors.
According to a poll by the National Association of Mortgage Professionals, we are one of our industry's leaders in giving cash back to clients with an average of $1,700 per loan in the form of buyer credits.*
Professionalism and courtesy are our hallmarks, and the savings we pass along to our borrowers makes us unique among our competitors.
According to a poll by the National Association of Mortgage Professionals, we are one of our industry's leaders in giving cash back to clients with an average of $1,700 per loan in the form of buyer credits.*
Make no mistake, there's quite a lot involved when you get a mortgage.
You wouldn't be looking up loan information if it were possible to get a loan in one day with a simple application.
But Essential Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
A couple of factors determine this amount.
How much of a monthly payment can you afford?
And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?
You wouldn't be looking up loan information if it were possible to get a loan in one day with a simple application.
But Essential Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
A couple of factors determine this amount.
How much of a monthly payment can you afford?
And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?
Anything you submit over our website is 100 percent, fully secure.
And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money.
In turn, those mortgage lenders are bound by federal law to keep your information secure.
Here is a list of the information mortgage lenders will use to consider your loan application.
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money.
In turn, those mortgage lenders are bound by federal law to keep your information secure.
Here is a list of the information mortgage lenders will use to consider your loan application.
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
You'll see an interest rate and an Annual Percentage Rate (A.P.R.) for each mortgage loan you see advertised.
The easy answer to "why" is that federal law requires the lender to tell you both.
The A.P.R. is a tool for comparing different loans, which will include different interest rates but also different points and other terms.
The A.P.R. is designed to represent the "true cost of a loan" to the borrower, expressed in the form of a yearly rate.
This way, lenders can't "hide" fees and upfront costs behind low advertised rates.
The easy answer to "why" is that federal law requires the lender to tell you both.
The A.P.R. is a tool for comparing different loans, which will include different interest rates but also different points and other terms.
The A.P.R. is designed to represent the "true cost of a loan" to the borrower, expressed in the form of a yearly rate.
This way, lenders can't "hide" fees and upfront costs behind low advertised rates.
When you're promised a "rate lock" from a lender, it means that you are guaranteed to keep a particular interest rate over a determined period while you work on the application process.
This saves you from working through your whole application process and learning at the end that your interest rate has gotten higher.
Although there are several lengths of rate lock periods (from 15 to 60 days), the longer spans are typically more expensive.
A lending institution will agree to lock in an interest rate and points for a longer span of time, such as 60 days, but in exchange, the rate (and sometimes points) will be more than that of a rate lock of a shorter period.
This saves you from working through your whole application process and learning at the end that your interest rate has gotten higher.
Although there are several lengths of rate lock periods (from 15 to 60 days), the longer spans are typically more expensive.
A lending institution will agree to lock in an interest rate and points for a longer span of time, such as 60 days, but in exchange, the rate (and sometimes points) will be more than that of a rate lock of a shorter period.
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