РiеrPоint Mоrtgаgе Seattle, WA

Yes, we can. We have a detailed credit determining list on our website and we are hopeful that it should be able to help you out. If not, we would be more than happy to welcome any queries that you may have.

The answer is yes. However, generally, you take a mortgage before starting a building or your house or property. But in case you need financial help between the process of construction your mortgage application may get approved.

There is hardly anyone who hasn't asked this question. Generally, it might take 30 to 45 days for a usual residential mortgage transaction. Be it a mortgage refinance or home purchase, it can take these much days.

Yes, of course! If you are lending someone any amount of money, you will definitely make sure that that individual is worthy of your trust and will return you the amount of money in due time. The same thing goes for the mortgage firm as well. Unless and until you are sure that the mortgage firm you are entrusting with so much of your money is not going to declare fraud and shut business, how would you choose them? However, we are someone with who you will never have to face such a problem with and you could trust us completely.

For being pre-qualified, all you need is to have a conversation about your incomes, assets, and down payment with the lender. However, being pre-approved means your lender will have to verify the financial information followed by a whole process.

We provide loans for home purchase, refinance and reverse mortgage. Also, we offer mortgage advisory if our customer needs it.

Yes! We have a document check-list on our website and we ask you to go throughout once. If you have any further doubts, please feel free to reach out to us.

Yes, absolutely! If you have a poor credit history then the mortgage you apply for definitely stands a chance to get canceled as it does not add up to a good picture. But that also depends on your lender and other factors. If they both are okay, then you may just be lucky.

Our goal is to close your debt as quickly as possible! The appraisal and title work, as well as the conditions that you must give us with, are usually the elements that take the longest to get. To avoid any delays, we'll need to order the appraisal and title work right away. If you're buying a new house, we'll do everything we can to fulfill the deadline you and the seller set.

"""A fixed-rate mortgage makes financial sense when interest rates are historically low, as they are now. The great majority of mortgages issued now are fixed-rate, which is unsurprising. In fact, only about 3% of buyers choose for adjustable-rate mortgages. While a fixed-rate mortgage is the best option for most homeowners, there are rare situations when an ARM may be preferable. An ARM, for example, might save you thousands of dollars if you plan to sell your home before the fixed-interest period finishes and the rate begins to float. Alternatively, during periods of dropping interest rates, an ARM can provide you with a cheap beginning rate while still saving you money if rates fall further."""

Our goal is to have your loan closed as quickly as possible. The appraisal and title work, as well as the conditions you must give us with, are usually the elements that take the longest to acquire. To avoid any delays, we'll want to order the appraisal and title work as soon as feasible. If you're buying a new house, we'll do everything we can to meet the deadline you and the seller have set.

You can apply for a home loan as soon as you make the decision to buy a house. Yes, you can apply for a home loan before you've decided on a house. Your loan amount will be sanctioned or accepted based on your ability to repay it.

Yes, a few lenders allow you to go from a floating rate to a fixed rate house loan and vice versa. However, this does not apply to all home loans, and there are some fees associated with the conversion. Contact your lender for further information on the procedure and requirements.

The sort of loan you choose determines your interest rate. There are two sorts of loans: Floating Rate or Adjustable Rate- The interest rate on an adjustable or floating rate loan is related to your lender's benchmark rate. Any change in the benchmark rate will affect your relevant interest rate proportionately. At regular intervals, the interest rates are reset. The reset can be done according to the financial cycle, or it can be done individually for each customer, based on the initial disbursement date. Loans with a combination of features- Portion of a combination loan is fixed, and part of it is floating. The loan converts to an adjustable rate after the fixed rate period.

In most cases, a home loan is repaid in Equated Monthly Instalments (EMI). The principal and interest components of the EMI are designed in such a manner that the interest component is considerably greater than the principal component in the early years of your loan, while the principal component is much larger in the latter half.