Contact Corey Robinson about Lenders she recommends in King County and Seattle, Washington.
"Mortgage brokers have access to numerous loan programs and may be able to find the best mortgage program to fit your specific needs. In general, you need to be pre-qualified by a lender before you begin the buying process. The lender will order your credit report, ask for income and credit history, and estimate the amount of loan you can qualify for. The lender should also be able to estimate the closing costs and total cash you will need."
"Your monthly payment will consist of loan principal, interest, insurance, and property taxes. Typically, the loan payment should be no more than 25% of gross income. All debt combined, including your home loan, should be no more than 33% of your gross income. Your lender may be flexible on these ratios. Closing costs typically include: loan origination fee, appraisal, credit report, escrow fee, title insurance and recording fee. Closing costs on a $150,000 standard conventional mortgage loan, for example, generally total around $3,500."
Text Courtesy Seattle Office of Housing at www.cityofseattle.net/housing. Download the informative Office of Housing booklet entitled "Home Buyer Guide and Assistance Programs" in PDF format by clicking here (Right Click to download to desktop and Left Click to open and read).
To inquire about finding a Lender that is right for you contact Corey now!
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