Once you've chosen Everest Home Mortgage as your financial partner in a real estate transaction, we will keep you informed right from the start: what to expect, what to provide, what happens next... you will always be in the loop!
If you are shopping for a home, it's important to be prequalifed. Realtors and sellers have a right to work only with those who are qualified to purchase. More important, you want to know up front what a prospective purchase will mean to your budget and how much money you should anticipate needing.
Shopping for a home is a big undertaking. Below are some materials that may pertain to your situation and be helpful. Don’t see the information you’re looking for? Call or email us and we’ll make sure you have what you need.
Welcome to Everest Home Mortgage, LLC, your financing basecamp. This is where your journey begins, whether to your first home purchase, the vacation home you've dreamed of, or the third investment property. We know you'll appreciate the expertise and personal attention!
Everest Home Mortgage, LLC, is a mortgage brokerage. This means we shop from our list of lenders for the best product and pricing for your specific situation. What it does NOT mean is extra cost! You'll find the overall costs to you to use a Broker for your residential mortgage loan will likely be the same or better as using other sources. Our staff has decades of residential loan experience, so we know what to look for to be sure your process goes smoothly.
Every real estate transaction is different and every borrower has varying requirements. Whether you’re looking to buy your first house, secure the vacation home of your dreams, or build up your investment portfolio, here at Everest Home Mortgage we’ll guide you every step of the way.
So who are we?
A Philadelphia Mortgage Broker Team You Can Trust
Headed by Diann Tyler, our small team is flexible enough to give you the personal touch but powerful enough to get you the very best deal from residential mortgages through to VA loans.
How do we accomplish that?
As a mortgage brokerage, we’re not limited to a single provider. We’ll work through our comprehensive list of lenders so we can bring you the most suitable residential mortgage for your needs and circumstances. We achieve this flexibility without passing on extra costs to you so why limit your options?
As a fully established Philadelphia mortgage broker, we’ll assign you a dedicated loan officer committed to getting you the most competitive deal on the market.
Example third-party mortgage calculator
Setting aside all the intricacies of mortgages for your appointment, you’ll have two main choices of home loan:
Fixed Rate: With a fixed rate mortgage (FRM), you can lock in an interest rate for a short term like 10 years or for a much longer period of 30 years. The short-term deals attract lower rates but you’ll face higher repayments. When you’re buying a home you intend to keep, you’ll get the security of knowing precisely what your outgoings will be
Adjustable Rate: As the name suggests, adjustable rate mortgages (ARM) come with an interest rate that varies annually after an initial fixed period, commonly the first 5 years. An ARM makes sense if it’s a larger Philadelphia home you’re after since you’ll be able to take advantage of the lower initial payments when financing
We understand financing needs often extend beyond a straight mortgage and we’re here to help with the following services:
USDA Loans: These are Loans offered by the Department of Agriculture as part of the Rural Development Program. Residents of designated rural communities in Philadelphia might qualify for one of these special loans providing 100% financing, sometimes even beyond this under certain conditions. Contact us to see whether you come in under the maximum income threshold
Renovation Loans: Have you found the home of your dreams in Philadelphia but discovered it needs lots of work doing? Whether you go for a conventional or FHA-approved renovation loan, remodel now and pay later
Jumbo Loans: Maybe you need to borrow a little more money? A jumbo loan demands spotless credit, a down payment and proof of financial reserves but we’ll help anyone meeting these conditions to get the best fixed rate or adjustable rate jumbo loan
Refinancing: Are you dissatisfied with your current mortgage loan? Tell us what you hope for in a new deal and we’ll provide you with a selection of the best refinancing options
Perhaps you’re wondering about FHA loans or VA loans?
If so, we’ll help you explore financing options beyond a simple mortgage.
Federal Housing Administration: If your credit history is less than perfect or you are struggling to come up with a down payment, FHA loans have guidelines set down by the Federal Housing Administration and come insured against default. Although FHA loans can help you onto the property ladder, the maximum loan amount is limited. In Philadelphia, for example, borrowing is capped at $379,500
VA Loans: Anyone who has served our country in the armed forces is likely to qualify for very favorable terms with VA loans. Our specialist staff will walk you through and help you to buy your home in the most affordable way with VA loans, even if you don’t have a down payment or money for closing costs
You can get things started yourself by making sure you’re prequalified for the mortgage you have in mind.
Our simple prequalified application will show you in minutes whether or not you’re qualified to buy the home you’re looking at.
The added advantage of prequalified is that you’ll come in for your appointment armed with a sound idea of how much money you’ll need for repayments.
What Happens Next?
The remainder of the process is nothing to be worried about and your loan officer will remain in close contact throughout.
Check out a selection of homes in Philadelphia with your realtor
Make your offer
Negotiate to the point of contract
Once the lender receives your loan file, we can order an appraisal
Introduce your insurance agent to your loan officer
Provide any additional documentation required by lender’s underwriter
Subject to a satisfactory appraisal, you can schedule a closing
Buying a house in Philadelphia might seem like a monumental task, but when you break it down into those simple components, it appears far more manageable.
So having decided to chase down the property you’ve been eyeing up, why should you come here to Everest Home Mortgage?
Why You Should Choose Everest Home Mortgage
With so many Philadelphia mortgage brokers, the choice can be overwhelming. We can give you 3 reasons why you should let us help you into the home you’ve been working toward.
Choice: As Philadelphia mortgage brokers, we’ll scour a broad spread of lenders and match you with the most competitive deal. And after all, it’s the bottom line that counts
Personal Touch: Despite access to such a range of lenders, our team remains small so we can give you the time and attention you need throughout purchase
Local Expertise: While many elements of buying a house are universal, there’s no substitute for local knowledge. Our staff are all licensed in Pennsylvania so they’ll help you find a suitable area even if you’re not familiar with residential property in Philadelphia
Get prequalified today and call us for an appointment.
If you’re looking for a new home, getting approved for a mortgage can be tough enough anyway. How about if you have lots of current debt, though? Perhaps you’ve asked yourself more than once, “Can I qualify for a mortgage with a high debt-to-income ratio?”
Having shaken their reputation after the excesses of the McMansion buying sprees in the run-up to the housing crisis, jumbo loans in 2018 are now back and in better shape than ever. Any non-conforming loan exceeding the servicing limits set by Freddie Mac and Fannie Mae is