Some homebuyers pay all cash when purchasing a home, but most choose to take a mortgage loan for a portion of their home purchase price. The task of a mortgage lender is to assist the homebuyer in determining what loan amount and type of loan product is best for the buyer. This involves verifying employment, credit and debts for the buyer and also counseling the buyer as to what might be the best type of loan program for their situation. In just a brief phone or in-person discussion, the lender can let you know if you will meet their qualifications for a specific loan and amount and what your monthly payments will be. If you ask for a Good Faith Estimate you will be provided with full information regarding the cost of financing. This estimate details the cost to be paid at closing, such as loan fees, appraisal and title insurance; along with complete information on monthly P-I-T-I payments, which include principal, interest, taxes and insurance.

Betsy’s Recommended Lenders

Brad Evered, Principal
Coulombe and Evered LLC
Bellevue
425-462-6592
brade@cehomeloans.com

www.cehomeloans.com

Steve Tedrow
Windermere Mortgatge
3933 Lk Wa Blvd NE #100, Kirkland, WA 98033
Phone: 425-576-5461 Fax: 206-621-2599
stevetedrow@msn.com
Steve's Website

My clients and I have received excellent services from all these lenders over the years. Feel free to call them and discuss their recommendations of various loan programs that will work for your situation. -- Betsy