Buy a Home...

The following steps describe a typical home buying process, and how Seattle Premier Mortgage can help make this process simpler and more rewarding for you.

When it comes to choosing a home loan, you have two basic options:

• Fixed-rate mortgage   • Adjustable-rate mortgage

There are different reasons for choosing one or the other. Our consultants at Seattle Premier Mortgage will assess your specific situation and help you to come up with the best type of mortgage.

We offer a full spectrum of loans specifically tailored to meet the needs of:

• First-time homebuyers (FHA loans)   • People with little or bad credit histories (SubPrime loans)   • People with no income confirmation   • People with no down payment   • Veterans (VA loans)

Finally, we also offer specially discounted construction financing and land purchase loans. Please contact us for more information about the types of loans we offer or apply online.

Getting prequalified carries a number of advantages:

• Knowing how much home you can afford can help you focus your house hunting.   • Being prequalified can demonstrate to a seller that you're serious and ready to buy.   • Completing the final mortgage application will go faster since you've already provided much of your information.

Calculator: How much do I need to make to qualify?

Seattle Premier Mortgage makes prequalification process simple and quick. Normally, you would need the following information to get started:

• Type of home and approximate price   • Type of loan you want   • How much down payment you plan to make   • Personal information (name, phone number, address, date of birth)   • Employment history   • Social Security number   • Financial information (monthly income, current debts, assets)

At Seattle Premier Mortgage we work with over 30 major wholesale lenders throughout the United States. We will find the best interest rate for your mortgage. We can also lock in your rate for 30 or more days, and help you to select the best strategy to "buy down" your interest rate using points. Please fill out our online application or contact us for more information.

Calculator: What will my monthly payments be?
Calculator: What should my down payment be?

Calculator: What does this mortgage really costs?

Depending on the amount of time you're willing and able to commit to house hunting and the availability of housing, your search could take days, weeks or months. When you find the right place, you should be prepared to move quickly to buy it.

After negotiating the best price, you can make a purchase offer. Unless you're doing the deal yourself, either your real estate agent or the seller's agent will supply a standard purchase agreement that contains the details of the offer. Offers also are generally accompanied by earnest money, which works like a deposit to show you are a serious buyer. Your real estate agent can suggest a suitable amount.

Now it's time to finalize your financing by formally applying for a mortgage. If you're already prequalified, the information you've provided will reduce the amount of time you need to apply.

The application process can take anywhere from several days to several weeks. You'll be asked to provide:

• Past and current income   • Assets   • Expenses   • Employment history   • Other information your lender may need

Calculator: What is the amortization of my mortgage?
Calculator: Should I prepay my mortgage or invest?

At Seattle Premier Mortgage we have insight into the workings of a bank, and have suggestions and tips to make this process as seamless as possible. We will and work hard to speed up your application, and to ensure you get all the advantages you are entitled to. Please fill out our short online application to receive more information.