Home Buyers Get Free Credit Report and More in EliteBanker.com’s ‘Buyers First’ Program

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EliteBanker.com is offering a free credit report, free credit analysis, and free loan pre-approval to assist home buyers in financing their new home under their unprecedented Buyers First Program.

EliteBanker.com is offering a free credit report, credit analysis, and home loan pre-approval under their unprecedented “Buyers First” program to assist home buyers in financing and shopping for their new home.

The Buyers First program is essentially a tour guide for home ownership, committed to overcoming buyer’s obstacles and to providing home loans with low interest rates and low closing costs to every person wanting to own a home.

“Down payment is the Number One obstacle to homeownership in America,” said Ryan Cotter, one of EliteBanker.com’s mortgage financial experts and a regularly featured news guest on NBC as well as in Crain’s Chicago Business and the Chicago Tribune. “We have virtually eliminated the down payment obstacle by offering 100% financing to home buyers who may have less than perfect credit or no income verification as a part of our Buyers First program. Our main mission now is to simply get the word out.”

Unless a home buyer has the means to purchase a home with cash, the first step to home ownership is getting his or her credit and financing in order. In an effort to promote home ownership across the nation, EliteBanker.com has dedicated a special fund to pay for the credit reports and hired a contracted credit expert, Todd Stern of Nationwide Credit, to consult prospective home buyer s in interpreting their credit and how to clear up derogatory credit information.

“Most people have no idea what may be on their credit report when they are ready to begin shopping for a home,” said Stern. “This is why it is a good idea to review your credit report early in the home buying process to make certain that misinformation is deleted in time.”

There are three factors typically considered in the mortgage approval process: credit, income, and assets. Historically, for a home buyer to get a mortgage approval, they needed to have satisfactory credit and be able to verify established assets and an income stream before getting a home loan approval. Under Buyers First, the complexity has been taken out of the home loan approval process, and as long as a home buyer can demonstrate strength in one area, then they will most likely be qualified for a mortgage.

For those who have no income verification and no money down, the Buyers First program uses an Affordability Calculator, where home buyers can enter what they want to spend each month on housing, and they will receive a customized loan program with a maximum sales price. Home buyers can visit Elitebanker.com now to use the Affordability Calculator to see what they can afford

When home buyers arrange financing in advance, they show sellers and real estate agents that they are a serious buyer and prepared to make an offer. Some real estate agents require proof of Loan Approval before showing their client’s property, as well. Other benefits include:

•    Knowing exactly what you can afford

•    Having more negotiating power with the seller

•    Closing on a home in days rather than weeks

•    Having the clout of a cash buyer

•    A mortgage approval that’s good for 6 months

Application for a free pre-approval under the Buyers First program is possible in three ways: online at http://www.EliteBanker.com by clicking the Buyers First logo, by phone at (312) 254-0404, or in person by calling the previous number for a private consultation. Buyers can have a home loan approval in as little as one hour. Potential home buyers can also get a free credit report by clicking on the Buyers First logo at EliteBanker.com.

About EliteBanker.com

The Buyers First program is the exclusive program of Elite Financial Investments, an Illinois Residential Mortgage Licensee and an Equal Credit Housing Lender. Elite Financial is also licensed in Virginia and Colorado. Elite Financial Investments headquartered at 21 W. Elm Street, Chicago, IL 60610

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Ryan Cotter
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