Mortgage Broker Services Company in Los Angeles

 

Working through the challenging Los Angeles real estate market can be overwhelming, even to the seasoned home buyer. Nowadays, it can be trickier to find quality homes worth investing in, and care should be taken by the buyer to ensure that their hard-earned money doesn’t go to waste.

This is where the work of a mortgage broker in Los Angeles comes in; and you don’t have to look any further than Elite One Mortgage. We are a team of experts in helping you finance your dream home in Los Angeles, as well as in the San Diego, San Bernardino, Orange County, and Riverside areas. The team is comprised of mortgage professionals well-established in the industry, whose main goal is to help you secure successful loan transactions. Our years of experience have contributed to our wide network of homebuilders, property investors, real estate agents, and buyers which allow us to provide a complete range of mortgage solutions.

Los Angeles Home Mortgage Loans

At Elite One Mortgage, we do the hard work so that you don’t have to. This means sifting through the complex mortgage programs on the market, evaluate the loans and terms suitable for you, and offer it at competitive rates.

Our loan programs for mortgage brokers in Los Angeles utilize basic appraisal procedures and methodology to come up with the accurate property value. The first step is to conduct an appraisal, and to ensure that the correct value is derived; Elite One Mortgage needs to understand the reason for appraisal. Basic appraisal also entails the evaluation of the property’s physical condition and amenities, also taking into account all other relevant data that homebuyers need to know.

In order to come up with the property’s value, our Los Angeles mortgage broker also utilizes a three-step methodology. The first of which is Cost Approach, which involves estimating any expenses associated with making improvements to the home, together with other factors that may incur additional expenses on the buyer’s part such as economic and function obsolescence, and physical deterioration.

Second, the Comparison Approach is where we evaluate similar properties based on location, size, and quality. This methodology allows us to establish bench marks in determining the true value of each property. Third and last, the Income Approach is used for commercial real estate, and allows us to estimate how much an investor is willing to spend on the property, versus the net income it may produce.

Elite One Mortgage guarantees a speedy and painless application and closing procedure. Printable forms are available on the website, and prospective homebuyers can choose from complete applications which take thirty minutes, or short applications which take just one minute to complete.  One of our team members will then get in touch with you to discuss your application, needs, and financial concerns. We will also guide you through the various types of loans available to help determine the best one for your specific needs.