Loan Process
Congratulations on your decision to buy a new home!  Once you select First Republic
Mortgage Corp 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 answering
questions, a Home Advisor mortgage expert is just a phone call away.
 
Here’s an overview of the loan-application process.
 
Before we get started we need to get to know you and what your needs are. By selecting a
Home Advisor in your area you will be partnered with someone who is looking out
for your interests... not someone sitting at a cubicle at a mega corporation who pushes
papers and click buttons and never gets to talk with you. Once you’ve answered a few
simple questions, we’ll calculate your buying power to find out how much home you can
really buy, even before you begin searching for a home.
 
Step 1 – EzApply ® to Pre-Qualify for your future loan.
(Determine how much you can borrow)
To complete the pre-approval step, click on the EzApply® button.  You’ll need
to supply some brief information about your name, address, employer, etc. 
 
Step 2 – Home Advisor will contact you to discuss loan options.
(Pre-Approval Letter, Appraisal, Contract)
We’ll contact you for authorization to obtain your credit report.   Once we’ve reviewed
this information, we’ll issue your pre-approval letter, which gives you the clout of an
“all-cash” buyer.  As you begin looking for a home, we’ll begin looking for the best loan
to meet your specific needs.  Your Real Estate Agent will use your pre-approval letter to
negotiate the best deal for you.
 
Important Note:  Each time you authorize a lender to pull your credit, your “credit-risk
score” may lower.  This score is extremely important to your overall credit evaluation in
the underwriting process for your mortgage loan.
 
Next- When you’ve selected a property and have a contract with the seller, the next step
is to order a property appraisal.  Provide a copy of the contract to your home advisor.
 
Step 3 - Your loan is approved and funded.
(Closing your loan)
Your Real Estate Agent or the seller will designate a title company to handle the closing
of your loan.  We will coordinate with the title company and you’ll sign the final papers
at their office.  Your First Republic Home Advisor will be there with you to answer any
questions you may have.  We welcome your calls and questions during the life of your
loan.  We want to be your lender for life.
 
Simple, Straightforward, Cost Effective and FAST!
 
There are many important things to consider throughout the process, especially if you’re
a first-time homebuyer.  Here’s some information that will keep you on track.
 
In General…
A home purchase may be your largest financial transaction to date, so its important to
make the right decisions and to keep an eye on the details.  With the assistance of your
Real Estate Agent and your First Republic Mortgage Home Advisor, it should be an
efficient, pleasant and ultimately rewarding experience. 
 
Count on your Real Estate Agent to:
Preview available homes to weed out those that are overpriced, or undesirable in some
other way.
Present the homes that suit your needs as you’ve defined them.
Help you determine the difference between a “good buy” and a property which, because of
its nature (neighborhood, market appeal, etc,), might have to be discounted if you decide
to sell in the future.
Negotiate the best deal for you.  With a Pre-Approval letter from First Republic Mortgage
Corp in hand, your Real Estate Agent will be able to demonstrate that you are a qualified
and capable borrower.  This will strongly influence the Seller and may make the
difference between the Seller accepting your offer or someone else’s—even if your offer
is lower!
 
Count On Your First Republic Mortgage Home Advisor to:
Assist you in selecting the best loan to meet your personal situation and goals.  (This
single decision can save you thousands of dollars throughout the years!)
Keep you informed of your loan status throughout the entire process.
Keep your Real Estate Agent informed of our loan progress.  (Note:  your personal
information is always kept confidential between you and First Republic Mortgage Corp.)
Get the appropriate loan for you at the best rates and fees.  This will save you
significant money “up front” and throughout the years to come.
 
Count On Yourself To:
Keep your Real Estate Agent informed of any questions or concerns as they develop.  \
Keep the process moving by providing documentation and decisions as soon as reasonable
possible.  By doing so, many of the details are taken care of early in the process so you
can comfortably concentrate on any last-minute details or events that require our
attention.
Enjoy purchasing your home, but do remain objective throughout—to make the business
decisions that are best for you.
Make sure you are pre-approved as early as possible.  This will put the power of
financing behind you so you can concentrate on selecting you home.
 
Find out how much you can buy right now by clicking here.