Mortgage Bellevue, Washington

With rates this low, now is a great time to take on a new mortgage or examine refinancing your existing mortgage! Whether you are purchasing for the first time, refinance an existing mortgage, want to switch from an Adjustable Rate Mortgage (ARM) to a fixed-rate mortgage, wish to cash out some of your home’s equity to consolidate higher interest debt or complete that remodel, Seattle Mortgage Planners can help.

Your Options for Mortgage Bellevue Washington

At Seattle Mortgage Planners, you’ll work with ONE experienced mortgage professional who will clearly explain your options and take you through the entire mortgage process. We will work together to choose the option that best fits your circumstances.

Fixed-Rate Mortgage Bellevue

With an Adjustable Rate Mortgage (ARM), your monthly payment can be unpredictable and will eventually adjust – possibly to your detriment. By switching to a fixed rate mortgage, your loan rate and payment amount will stay stable throughout the life of the loan. These loans can be set for 15 or 30 years and offer greater security. Depending on your circumstances, a fixed-rate loan may be a good option for you.

Adjustable-Rate Mortgage Options for a Mortgage in Bellevue

This type of mortgage is also known as an ARM. Although and ARM is susceptible to fluctuations in interest rates, for many clients an ARM can be the smarter choice. ARMS typically offer a lower rate or payment than a fixed rate loan, making property ownership at a lower cost possible. Many ARMs won’t adjust for 7 or 10 years and most have annual rate caps which should be understood prior to choosing this option.

When to choose a 15-Year Fixed-Rate for a Bellevue Mortgage

• You want lower rates and a fewer years on your loan
• You can afford a higher mortgage payment
• You’re interested in building equity and less concerned about monthly payments and cash flow

When to choose a 30-Year Fixed-Rate Mortgage Bellevue

• You want or need a loan with easier qualification requirements
• You want consistent monthly payments
• You are planning to keep the home LONG TERM
• You want the maximum tax advantage (please consult a professional tax adviser for exact benefits)

Interest-Only Loans

Interest only loans are most popular with homeowners want the lowest possible payment; have irregular salaries; and are purchasing properties that are appreciating in value. The monthly payment is low because qualified borrowers pay only interest, with the choice to make higher payments as their finances allow in order to reduce the principal. This loan is best for the disciplined borrower.

Our Specialty – Jumbo Loans

Jumbo Loans generally come in larger amounts and have higher credit and down-payment requirements. Seattle Mortgage Planners specializes in this type of loan.

In reaction to the economic downturn, many lenders have increased rates on jumbo loans. Unlike major banks that are limited to their own product set and rates, the Seattle Mortgage Planners team can choose from dozens of different lenders to find a lender that best meets your needs — at rates often significantly below the national average. We can potentially obtain a loan that will save you thousands of dollars each year. We look forward to exceeding your expectations throughout the process!

Feel free to Contact Us online or Call 206-799-9966 for more Mortgage Bellevue, Washington information