For everyone watching mortgage rates in Everett, Washington I have put together this mortgage rate information. The mortgage rate graphs will update from data on my website http://seattle.rateswire.com. Mortgage rates have been changing a great deal lately and I want you to know these changes and how your mortgage rate and costs are actually determined. For your mortgage related questions I am a short drive south on I5 or Highway 99!
Thirty year fixed mortgage rates are based on wholesale 30 year mortgage rates and individual risk factors such as credit, loan to value, and occupancy. The most accurate way to track mortgage rates is to just look at the wholesale rate from Fannie Mae, Freddie Mac, or Ginnie Mae. The wholesale mortgage rate for Fannie Mae is known as the Fannie Mae Required Net Yield 30, 30 Day delivery and it is a fundamental basis for conforming 30 year fixed mortgage rates. To my neighbors in Lynnwood, Washington two miles north of me I present the history of it below:
If you who would like to know how this wholesale mortgage rate translates into the rates and costs offered to you after risk and costs are added, my 30 Year Fixed Mortgage Rate and Cost Calculator is available online and provides mortgage rate pricing and analysis for scenarios you input.
Fifteen year fixed mortgage rates show much smaller changes in daily mortgage rates. The rapid payoff of principle under a fifteen year fixed mortgage causes these mortgages to be considered much safer investments. This makes these mortgage rates lower and more stable compared to 30 year fixed mortgage rates. One wholesale 15 year fixed mortgage rate basis is below:
Adjustable mortgage rates fluctuate a great deal based on current money markets and expectations in changes to money markets. Three, five, and seven year adjustable rate mortgages are the most common and I present one wholesale 7 year ARM mortgage rate basis below:
Please keep in mind these represent the wholesale cost of money and do not include any risk or lending costs or fees. If you would like to see an example of how one of these products translate into mortgage rates and cost for your exact situation please use my 30 year fixed mortgage rate and cost analyzer to input your rough situation and fill in the comment section at the bottom with your contact information and the mortgage products you would like to see. Or just head south a few miles from Everett on Hwy 99 or I5 and see me in person!
Mortgage rates for Bothell, Washington continue their slow climb this year. Mortgage rates are made up of a low risk wholesale mortgage rate plus risk and cost additions. I have been tracking 30 year, 15 year, and ARM mortgage wholesale rates and I share this below. I also put together a description what these mortgage rates represent and a calculator so you can price mortgage rates for your own scenarios. I am only the first exit south on I5 from 405N if you have any questions!
Thirty year fixed mortgage rates are based on wholesale 30 year mortgage rates and individual risk factors such as credit, loan to value, and occupancy. The most accurate way to track mortgage rates is to just look at the wholesale rate from Fannie Mae, Freddie Mac, or Ginnie Mae. The wholesale mortgage rate for Fannie Mae is known as the Fannie Mae Required Net Yield 30, 30 Day delivery and it is a fundamental basis for conforming 30 year fixed mortgage rates. To everyone else in Edmonds, I present the history of it below:
If you who would like to know how this wholesale mortgage rate translates into the rates and costs offered to you after risk and costs are added, my 30 Year Fixed Mortgage Rate and Cost Calculator is available online and provides mortgage rate pricing and analysis for scenarios you input.
Fifteen year fixed mortgage rates show much smaller changes in daily mortgage rates. The rapid payoff of principle under a fifteen year fixed mortgage causes these mortgages to be considered much safer investments. This makes these mortgage rates lower and more stable compared to 30 year fixed mortgage rates. One wholesale 15 year fixed mortgage rate basis is below:
Adjustable mortgage rates fluctuate a great deal based on current money markets and expectations in changes to money markets. Three, five, and seven year adjustable rate mortgages are the most common and I present one wholesale 7 year ARM mortgage rate basis below:
Please keep in mind these represent the wholesale cost of money and do not include any risk or lending costs or fees. If you would like to see an example of how one of these products translate into mortgage rates and cost for your exact situation please use my 30 year fixed mortgage rate and cost analyzer to input your rough situation and fill in the comment section at the bottom with your contact information and the mortgage products you would like to see. Or just take a short drive on 405 N to I5 S and come see me!
Hello fellow mortgage rate seekers and trackers in Edmonds, Washington. I have put together mortgage rates for 30 year, 15 year, and ARM mortgages. I also put together a description what these mortgage rates represent and a calculator so you can price mortgage rates for your own scenarios. I am only a hop, skip, and a jump away for your questions!
Thirty year fixed mortgage rates are based on wholesale 30 year mortgage rates and individual risk factors such as credit, loan to value, and occupancy. The most accurate way to track mortgage rates is to just look at the wholesale rate from Fannie Mae, Freddie Mac, or Ginnie Mae. The wholesale mortgage rate for Fannie Mae is known as the Fannie Mae Required Net Yield 30, 30 Day delivery and it is a fundamental basis for conforming 30 year fixed mortgage rates. To everyone else in Edmonds, I present the history of it below:
If you who would like to know how this wholesale mortgage rate translates into the rates and costs offered to you after risk and costs are added, my 30 Year Fixed Mortgage Rate and Cost Calculator is available online and provides mortgage rate pricing and analysis for scenarios you input.
Fifteen year fixed mortgage rates show much smaller changes in daily mortgage rates. The rapid payoff of principle under a fifteen year fixed mortgage causes these mortgages to be considered much safer investments. This makes these mortgage rates lower and more stable compared to 30 year fixed mortgage rates. One wholesale 15 year fixed mortgage rate basis is below:
Adjustable mortgage rates fluctuate a great deal based on current money markets and expectations in changes to money markets. Three, five, and seven year adjustable rate mortgages are the most common and I present one wholesale 7 year ARM mortgage rate basis below:
Please keep in mind these represent the wholesale cost of money and do not include any risk or lending costs or fees. If you would like to see an example of how one of these products translate into mortgage rates and cost for your exact situation please use my 30 year fixed mortgage rate and cost analyzer to input your rough situation and fill in the comment section at the bottom with your contact information and the mortgage products you would like to see. Or just take a hop, skip, and a jump and come see me in person!
Thirty year fixed mortgage rates are based on wholesale 30 year mortgage rates and individual risk factors such as credit, loan to value, and occupancy. The most accurate way to track mortgage rates is to just look at the wholesale rate from Fannie Mae, Freddie Mac, or Ginnie Mae. The wholesale mortgage rate for Fannie Mae is known as the Fannie Mae Required Net Yield 30, 30 Day delivery and it is a fundamental basis for conforming 30 year fixed mortgage rates. To my neighbors in Lynnwood, Washington two miles north of me I present the history of it below:
If you who would like to know how this wholesale mortgage rate translates into the rates and costs offered to you after risk and costs are added, my 30 Year Fixed Mortgage Rate and Cost Calculator is available online and provides mortgage rate pricing and analysis for scenarios you input.
Fifteen year fixed mortgage rates show much smaller changes in daily mortgage rates. The rapid payoff of principle under a fifteen year fixed mortgage causes these mortgages to be considered much safer investments. This makes these mortgage rates lower and more stable compared to 30 year fixed mortgage rates. One wholesale 15 year fixed mortgage rate basis is below:
Adjustable mortgage rates fluctuate a great deal based on current money markets and expectations in changes to money markets. Three, five, and seven year adjustable rate mortgages are the most common and I present one wholesale 7 year ARM mortgage rate basis below:
Please keep in mind these represent the wholesale cost of money and do not include any risk or lending costs or fees. If you would like to see an example of how one of these products translate into mortgage rates and cost for your exact situation please use my 30 year fixed mortgage rate and cost analyzer to input your rough situation and fill in the comment section at the bottom with your contact information and the mortgage products you would like to see. Or just drive two miles south of Lynnwood on Hwy 99 and see me in person!
Mortgage applicants rest easier if they know the mortgage process. This article outlines what to expect when working with me here at your local Edmonds, Washington mortgage company, The Mortgage Loan Center, LLC.
The first step in the mortgage process is for you to take some notes on what your goals are. An excellent question is how many years you plan to invest in the property you are obtaining a mortgage on. Another excellent question is will your future income keep up with the increases to cost of living and should you consolidate debt, if possible. These are questions that guide mortgage selection.
The next step in the mortgage process is to talk with me about your mortgage related goals and then ask and answer questions. My questions will be to determine your eligibility for different mortgages and how well certain mortgages fit your goals. I prefer to sit down in my office here in Edmonds when possible as I have access to a wider variety of analysis and other tools.
In the next step in the mortgage process I present you a rough idea of mortgage rates, costs, and payments for products you appear eligible for may meet your needs and goals. Please be aware that rates change continuously like the stock market.
*Outdated rate information which may not be available. Current rate and pricing information is available from my mortgage rate and cost analyzer.
The next step in the mortgage process is to fill out a loan application, Good Faith Estimate, and disclosures here in Edmonds or over the phone for the option that best fits your goals. These forms and a checklist of items are checked over by you. Filling these out in my office in allows immediate same day processing and faster rate locks!
The next step is to put together a perfect application package. Your signature and return of the application and checklist of items allows me to double check your loan application. A credit report will be pulled and credit information merged into the application. A copy of the credit report will be mailed to you if you don't stop by to pick it up.
After a perfect application is prepared next in the application process is to enter the information into a computerized underwriting system. The system I use most often is Fannie Mae's computerized Desktop Underwriter. All steps in the mortgage process up to now are typically done in a day or two.
The computerized approval may ask for additional documentation.
The next part of the mortgage process is to obtain a rate lock on your mortgage. I also request a title and escrow company to examine the title for your house. When everything is in order I proceed to order and appraisal using your credit or debit card number to pay . Appraisals cost ~$425 and are completed in roughly one to three weeks here in Edmonds, Washington. Ordering title, escrow, and going over the approval is typically completed by Day 2.
The next step of the mortgage process is for human lender underwriting. When title information arrives it is merged with your file and sent to underwriting at a lender. I prefer to use local accessible lenders within a short drive, especially for custom homes or complicated situations. A local human underwriter will look through your mortgage application and provide initial feedback on anything he or she wants clarified while they wait for the appraisal. This typically is done Day 10 to Day 12.
One of the last steps of the mortgage process is to obtain a final approval. Three days after the appraisal is received by the lender with additional conditions (if any) that were requested a final approval is issued! This is typically day 15-24.
The next step of the mortgage process is to order mortgage documents from the lender to be delivered to the title and escrow company for you to sign. This is day 17-26. At this point the escrow company will set an appointment for you to sit down with them to sign documents. Prior to signing you will receive an updated estimate of all costs and fees if any have changed.
The second to last step in the mortgage process is for you to sign the prepared mortgage documents. You receive a copy of all signed documents from the escrow company.
The last step of the mortgage process is for your loan to fund. The escrow company collects funds from you and the lender as appropriate. Purchase mortgages fund the next day, refinance mortgages fund after a three day waiting period. This is day 18 to 30!
For questions about your mortgage stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
When you are looking for a mortgage in the I know that you are looking to be treated with respect, to be treated fairly, and to have time spent making sure the mortgage you end up with is the right one for your situation.
Respect: I understand unemployment, lowered housing values, and increasing costs of living are pressuring everyone. Mortgages are harder to do and lenders are being far pickier. Even FHAmortgages which used to be for the ‘average American' tightened guidelines and have had average credit scores of approved mortgages rise from 626 in February 2008 to 678 in March 2009. This market is getting tough for all of us around Lynnwood, Edmonds, and Shoreline, Washington. Many lenders no longer even accept FHA applicants below a 640 credit score! Even if I can't help you I will let ou know what can be done so that you can qualify in the future.
I understand that you are looking for direct, honest answers on your mortgage situation and that is why I prefer to work face-to-face on your mortgageto let you know what options are available. Every question you ask is important to me. If you already knew the 1126 page Fannie Mae mortgage underwriting guide and miscellaneous letters and interpretations AND lender guidelines you wouldn't be contacting me. In the last eight years I have handled a lot of different situations.
Fairness: Fortunately, the Federal Reserve is temporarily lowering mortgage rates by buying mortgages from Fannie Mae and Freddie Mac. This is allowing homeowners in Lynnwood, Edmonds, Shoreline, Washington to refinance or purchase homes at historic low mortgage rates and payments. This subsidy of mortgage rates started on March 18th 2009 and drastically dropped rates January - May 2009. It is scheduled to end in early 2010 and mortgage rates are steadily climbing up towards a non-subsidized price as the program winds down to a close.
In fairness, I am letting you know that interest rates are rising and have been slowly rising over the past year. Also in fairness, rates are still pretty amazing and we will work diligently to get you an amazing rate! In absolute fairness and honesty, here is a 30 year fixed mortgage rate and cost analyzer that will translate how your risk factors convert wholesale costs into rates and costs for your situation. For those of you buying it alo lets you analyze mortgage loan limits by zip code when purchasing in Lynnwood, Edmonds, and Shoreline, or throughout Washington. You can even email me YOUR analyzer results with questions!
The right mortgage: The right mortgage isn't a myth or an offer that typically is outdated by the time you read it. The right mortgage is picking in real time amongst available mortgages to understand how rates and costs impact your payment and picking the one that best matches your overall debt, income, and future goals to live here in Lynnwood, Edmonds, and Shoreline, Washington.. Maybe your income isn't the most stable so a larger rate discount to be able to save money is more appropriate. Maybe you plan on paying the mortgage off shortly so lower closing costs and higher payments are overall more advantageous. Not only do we work with the right mortgage for you in mind, you can read about the tools we provide to look at mortgages in depth or dive right into our 30 year fixed mortgage rate and cost analyzer or click the calculator below.
Indeed, the best bet for Washington homeowners is to find a reliable and successful mortgage company who is able to tackle their purchase or refinance mortgage head on and with experience, dedication, and in state service and amazing in person communication in Lynnwood, Edmonds, and Shoreline, and throughout Washington.. As such a mortgage company we are 100% upfront and open with their pricing and analyze every single mortgage given to make sure they best fit your goals! You want your house in good hands!
Even if my analyzer doesn't clearly match you to an excellent Fannie Mae mortgage doesn't mean that I can't help you through other mortgage types or methods. At worst, you can add notes and then submit your scenario to me to look at and get back to you with accurate information. So if you are local to Lynnwood, Edmonds, and Shoreline, Washington try it out and then stop by and meet with us!
Your Lynnwood, Edmonds, and Shoreline home is in good hands with us!
We understand the frustration and confusion typically associated with picking the most beneficial mortgage out of a series of outdated and inaccurate estimates from people you can't sit down with to ask questions or meet. By sitting down locally with me you can meet the people you are entrusting with your mortgage and see how we genuinely want to help you!
For questions about your mortgage stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
Mortgage seekers around Bothell, Woodinville, and Kirkland, Washington are all greatly benefiting from low mortgage rates. As your local mortgage broker, The Mortgage Loan Center, LLC., we are happy to announce we have been working locally for the last ten years to provide excellent mortgage rates and service to all local areas!
We are a local mortgage broker located in Edmonds, a short drive from Bothell, Woodinville, or Kirkland, Washington. Stephen Ching (www.seattle.rateswire.com) is happy to present you with free online access without registration to mortgage pricing, analysis, news, and information prior to meeting you in person to answer your questions. Your house is in good open and honest hands with us!
A March report from the U.S. Treasury Department shows that 4-5 million homeowners who previously could not refinance due to low equity can now do so under the Making Home Affordable Refinance program! This has recently been expanded to even more homeowners with first mortgages owned by Fannie Mae or Freddie Mac even if they owe up to 125% of their house value on their first mortgage! This program is critical and becomes even more important as house values keep falling in Bothell, Woodinville, and Kirkland, Washington!
With an excellent Making Home Affordable or other refinance, thousands of Washington homeowners will keep their homes, sleep better at night, and have a solid financial future.
A Mortgage Refinance can be used to:
•· Lower monthly payments
•· Lower interest rate
•· Swap a rising adjustable rate for an affordable fixed rate
•· Provide cash to pay off debts and lower overall monthly expenses
•· Adjust the length of the mortgage terms
•· Provide cash to pay for home improvements or other investments to your home in Bothell, Woodinville, and Kirkland, Washington.
Mortgage rates are rising as we near the end of the Federal Reserve's mortgage rate subsidy. Right now rates are low because they are spending billions of dollars buying loans from Fannie Mae and Freddie Mac. This subisdy ends in March 2010 and rates will likely continue to climb as the subsidy ends. Unemployment and layoffs can hit anyone so if you can refinance and get a great deal now...by all means do not straddle a rising fence!
As an upfront and open mortgage company you have free unregistered access to my Fannie Mae 30 Year Fixed Mortgage rates and cost analyzer so you can immediately see what benefits and payments you can expect from a refinance or purchase mortgage. This lets you explore options available and how much money and pain you can save by getting off the fence! It even recognizes jumbo loan limits and most Making Home Affordable refinances by zip code for Bothell, Woodinville, and Kirkland, Washington!
Even if my analyzer doesn't match you to an excellent Fannie Mae mortgage because your situation is complex doesn't mean that I can't help you through other mortgage types or methods. At worst, you can add notes and then submit your scenario to me to look at and get back to you with accurate information. Since we are just around the corner we can even go over the notes in person in Bothell, Woodinville, and Kirkland, Washington.
The best time to qualify for a money savingmortgage refinance is well before you need the savings. Unfortunately, unemployment and cutbacks are no longer a "risk" but a reality faced by many here in Bothell, Woodinville, and Kirkland, Washington. It is at the time of greatest need during unemployment that savings to live on become invaluable. Sadly, obtaining a money saving refinance after you are already unemployed is normally impossible. A mortgage modification may help you avoid foreclosure, but it won't save your credit.
We understand the frustration and confusion typically associated with picking the most beneficial mortgage out of a series of outdated and inaccurate estimates from people you can't sit down with to ask questions or meet. By sitting down locally with us in our office or around Bothell, Woodinville, and Kirkland, Washington you can meet the people you are entrusting with your mortgage with and see our tools and heart to help you find a great mortgage.
For questions about your mortgage stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
This article gives conforming and jumbo loan amounts for Lynnwood, Bothell, Edmonds, and Washington as of October 14, 2009. These limits do change annually and the next major change is the expiration of temporary 2009 jumbo limits at the end of this year.
I have built a calculator that analyzes your situation and lets you know the loan amount, loan to value, and conforming loan limit, temporary 2009 jumbo loan limit, and normal jumbo limits for your scenario at http://seattle.rateswire.com/calculator. You can read about my calculator here. It may save you a bundle!
The Office of Federal Housing Enterprise Oversight, (OFHEO) sets guidelines for conforming and conforming jumbo loan limits across Washington State and the nation through control of Fannie Mae and Freddie Mac who guarantee or own over half the home loans in the United States.
There are currently three different sets of conforming loan amounts. The traditional and best known is the traditional limit of $417,000 which has been in place for years. This is called the conventional conforming loan limit for a single family residence. This limit produces the "safest" loans and is highly sought after by AAA lenders. This limit increases for multifamily units as per the table below:
# of Units Traditional Conforming Loan Limit / Max Conforming Loan Amount
1 $417,000
2 $533,850
3 $645,300
4 $801,950
The next largest limits are the Super Conforming loan limits. These limits were put in place by the Housing and Economic Recovery Act of 2008 (HERA). One set of limits apply only to King, Snohomish, and Pierce counties, and different set applies to San Juan County. These loans are known as jumbo loans to most people or Super Conforming loans to those in the mortgage industry.
Number of Units King County & Seattle, Snohomish County, Pierce County Superconforming Jumbo Limit / Jumbo Loan Amount
1 $506,000
2 $647,750
3 $783,000
4 $973,100
Number of Units San Juan County Superconforming Jumbo Conforming Limit / Jumbo Loan Amount
1 $483,000
2 $618,300
3 $747,400
4 $928,850
The last and largest limits are Temporary Super Conforming loan limits set in place by the American Recovery and Reinvestment Act of 2009 (ARRA). These limits expire at the end of 2009. These loans are known as jumbo loans to most people or Conforming Plus Temporary Limit Loans to those in the mortgage industry. These are presented below:
County
1 Unit
2 Unit
3 Unit
4 Unit
Clark County*
$418,750
$536,050
$648,000
$805,300
Jefferson County
$437,500
$560,050
$677,000
$841,350
King County & Seattle
$567,500
$726,500
$878,150
$1,091,350
Kitsap County
$475,000
$608,100
$735,050
$913,450
Pierce County
$567,500
$726,500
$878,150
$1,091,350
San Juan County
$593,750
$760,100
$918,800
$1,141,850
Skamania County*
$418,750
$536,050
$648,000
$805,300
Snohomish County
$567,500
$726,500
$878,150
$1,091,350
Please note that Clark County and Skamania County have a minimal increase in loan amount between Traditional and Temporary Jumbo Loan Limits. This means that it is almost always better and more affordable to obtain a traditional conforming loan in these counties.
The advantage of obtaining a conventional conforming or jumbo conforming loan is that these loans are produced in bulk and packaged and sold off in bulk. This is efficient economically and reduces the overall cost of loan production.
To compare rates and costs for conforming loan limits, superconforming jumbo loan limits, and temporary 2009 jumbo loan limits please use my loan analyzer/calculator at http://seattle.rateswire.com. It never hurts to see by how much you can fatten that piggy bank with savings!
For questions about your mortgage stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
When looking for mortgage rates and costs in the Seattle Area (Everett, Lynnwood, Edmonds, Seattle, Bothell, and Bellevue) or throughout Washington State you want actual real time interest rates. You want to know what rates and costs are relevant to your goals. You do not want fill in a form to be contacted for rates that are out of date by the time they reach you.
I have converted my pricing engine I use privately into a simple web calculator where you will be able to price and find rates on 30 Year Fixed Fannie Mae conventional conforming mortgages. This calculator takes into account virtually all factors affecting mortgage rates and costs such as credit scores, loan to values, or loan purchase, etc.
The pricing engine is now availble to the public at http://seattle.rateswire.com/calculator. The analyzer looks at different purchase, rate and term, and cash-out scenarios and shows closing costs and rates that correspond to each scenario. Streamlines of existing Fannie Mae loans with Making Home Affordable up to 105% can also be priced.
This is NOT a calculator where you put in a rate, balance, and out spits a payment. This is an analyzer that looks at your situation and prices out different mortgage rates based on your scenario. So if you are wondering about how downpayment, credit, or the amount of cash-out you pull out affects a mortgage rate or cost, then this is the site for you!
The analyzer will also total interest and closing costs paid over a period of time you specify for the mortgage rate you want to look at. This lets you match a plan to your goals! Mortgage rate pricing should be transparent so you can actually pick and find the best loan for what you are looking to accomplish. Here is my best foot forward to join yours!
If you are in the local Seattle and surrounding areas of Everett, Lynnwood, Edmonds, Seattle, Bothell, and Bellevue I look forward to meeting you in person!
For questions about mortgage rates and costs for you stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
It has always been my goal since starting in the mortgage industry years ago to be able to provide mortgage rate and costs upfront in a way that you can interact and understand. Through much effort I am pleased to share my mortgage rate and cost analyzer with Washington state and my neighbors in Everett, Lynnwood, Edmonds, Seattle, Bothell, and Bellevue.
My mortgage rate analyzer looks at your situation and first checks to see if the loan meets standard Fannie Mae and lender mortgage guidelines. The analyzer looks at different purchase, rate and term, and cash-out scenarios and shows closing costs and mortgage rates that correspond to each scenario. Streamlines of Fannie Mae loans are recognized.
This is NOT your grandmother's ordinary calculator where you put in a mortgage rate, term, and loan amount and it calculates payment! If you are worried about how your downpayment, credit, and occupancy affect mortgage rates and payments this is the calculator for you!
I know a lot of people are looking for that 'lowest mortgage rate' while others are looking for 'lowest costs'. Others simply want to know if their loan to value or credit qualify. This lets everyone know what options are available:
Of course, the wisest loan shoppers are looking for someone who is upfront and honest and has the tools necessary to help guide them to the best loan for their exact situation. That is exactly what I am offering and why I included an analysis tool that looks at a given option in great detail as below.
I will be updating rates daily. These rates are for Washington State only.
At this time, the mortgage rate analzyer is available for 30 year fixed mortgages only. To use my rate analyzer click http://seattle.rateswire.com/calculator.
I was inspired by all the amazing websites real estate agents have where buyers can browse houses and print off what they would like to see in advance to meeting with an agent. Why should mortgages be any different or mysterious? So here is my best foot forward to join yours!
I am a loan originator servicing Seattle, Lynnwood, Edmonds, Bothell, Everett, and Bellevue, in person and the rest of Washington State as well!
For questions about mortgage rates and costs for you stop by my office in Edmonds if possible! You can also contact me via my mortgage rate and cost analyzer for mortgage scenarios, or via my contact information below. To learn a little more about me the profile for Stephen Ching is here.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
The first step in the mortgage process is for you to take some notes on what your goals are. An excellent question is how many years you plan to invest in the property you are obtaining a mortgage on. Another excellent question is will your future income keep up with the increases to cost of living and should you consolidate debt, if possible. These are questions that guide mortgage selection.
to obtain a rate lock on your mortgage. I also request a title and escrow company to examine the title for your house. When everything is in order I proceed to order and appraisal using your credit or debit card number to pay . Appraisals cost ~$425 and are completed in roughly one to three weeks here in Edmonds, Washington. Ordering title, escrow, and going over the approval is typically completed by Day 2.
The next step of the mortgage process is to order mortgage documents from the lender to be delivered to the title and escrow company for you to sign. This is day 17-26. At this point the escrow company will set an appointment for you to sit down with them to sign documents. Prior to signing you will receive an updated estimate of all costs and fees if any have changed.
limit, temporary 2009 jumbo loan limit, and normal jumbo limits for your scenario at 
The advantage of obtaining a conventional conforming or jumbo conforming loan is that these loans are produced in bulk and packaged and sold off in bulk. This is efficient economically and reduces the overall cost of loan production. 
such as credit scores, loan to values, or loan purchase, etc.
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