Once you select ECU to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.
Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information. And if you want assistance, a mortgage expert who can answer questions is just a phone call
away.
Here's an overview of the loan-application process:
First, you'll complete our on-line application.
The application will ask you questions about the home and your finances and takes less than 20 minutes to complete. As soon as you've submitted the application, we'll review your request and begin to process your request immediately.
After completing your application, a Loan Officer will contact you to introduce himself or herself and to answer any questions you may have. The Loan Officer will ask you for any information required to make a decision about your loan.
If you are purchasing a new home, the Loan Officer will also contact the Real Estate Broker.
We'll send you an application package by mail or secure email.
The application package will contain papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the on-line application.
We'll order the appraisal from a licensed appraiser who is familiar with home values in your area.
Title insurance will be necessary. We'll use the title insurance to confirm the legal status of your property and to prepare the closing documents.
After we receive the application packet back from you and the appraisal, the Closing Agent will contact you to schedule your loan closing. If you are purchasing a home, they will also schedule the closing with the real estate broker and the seller.
The closing will take place at the office of a title company or attorney in your area who will act as our agent.
That's all there is to it! You're on your way to the most convenient home loan ever!