Welcome to Pacific Northwest Houses For Sale. Whether you are looking to purchase your first home or you have already brought real estate before you'll find helpful information on financing a home. The loan process is changing as new lending programs are added. If you thought that the 30 year fixed mortgage was the only way to finance a home you really need to check out all the new ways to get a home loan in Washington that can save you money in the long run and buy a home of your dreams.
Planning on buying a house that needs improvement then a 203K loan that lets you finance the cost of the repairs in with the purchase price. This loan is very good for houses that are termed fixer upper or need major remodeling due to either age or damage.
In the military or a position where you are transfer every 3 to 4 years then a great loan program that would want better than a 30 year fixed would be a arm loan or the interest free loans that are available now. You get a loan starting rate that goes up after the initial 3 year period. That this time you are either want to sell or refinance with a different loan package.
Whatever your needs are there is a loan program out there to fit your budget and your situation. All you need to do is talk to a knowledgeable loan officer to find out. We welcome the opportunity to be of service to you and provide you with a variety of options to fit your needs, call today for your no cost - no obligation consultation at 253-589-3230.
Loan Process Steps
Understanding the Mortgage Process
Finding the right home can often seem like an impossible dream. There are so many considerations along the way; location, style, value… And, of course, financing.
To many, the process of financing the "dream" can be daunting or confusing, but the mortgage process does not have to be a complicated mystery. That's where we come in.
Whether you're buying a new home or refinancing your current one, we can make your dream become a reality.
As leading professionals in the home finance industry, we can take the mystery out of the process. Not only will we provide you with the best service, and the most competitive rates available in the market, we'll explain the entire process that's involved when you apply for a mortgage.
This website will provide you with the answers to many of the questions that you might have about the loan process. We hope this information will make it easier to open the door to your ownership dreams.
Once you've decided to buy your home, contact us and one of our representatives will help you begin the mortgage application process. To expedite the process, consult the application checklist for the information you'll need to provide.
Loan Processing
Once your mortgage application is submitted, it is forwarded to a loan processor. We check on necessary financial information which may include the following:
To expedite the loan verification process, it is usually a good idea to alert the payroll department at your place of employment that you will need to verify your employment. You should request that all forms be returned to us promptly.
Sometimes the loan processing department may request additional information, generally a request for information answers questions that may have arisen in the application review. This is not an indication of a problem with your loan application.
Underwriting and the Secondary Market
Once the loan application has been reviewed for accuracy and thoroughness, the loan file is forwarded to a lender for underwriting. It is the underwriter's job to see that your loan package conforms to specific lender requirements that you and your loan agent have chosen.
Guarantee Mortgage is a mortgage brokerage organization originating loans, which are submitted to lenders for final approval and funding.
Getting your loan approved is our number one priority. When your loan package meets the specific lender requirements, your loan will be approved.
Closing and Commitment
You will receive a mortgage commitment letter stating the exact terms and conditions of your mortgage at the time of approval. Please read it carefully.
Once you've agreed to the terms and conditions, we will forward your closing documents to a designated title company. The title company will insure that all the stipulated conditions of the commitment letter are met, and will schedule and coordinate the closing and transfer of funds.
