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 FHA mortgages 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.
Stephen Ching, Loan Originator 510 LO 35993
Office(425) 640 9789 or via web at http://seattle.rateswire.com
Cell (425) 344 2191
Mortgage Mortgage Center, LLC
22019 Hwy 99 #B
Edmonds WA 98026
License # 510-MB-20022
I specialize in rapidly closing refinances with same day or next day approval and rate locks. This keeps costs down and the process simple. I have closed loans in Washington for the last eight years.
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