Home Financing Tips Archives

Prospective Seattle home buyers risk losing to appreciation in 2017

Homes in the Seattle area are appreciating at the fastest rate in the nation. Over the last 12 months, for example, homes in Seattle have gone up 14.1%, Bellevue 12.1% and here in Sammamish, 12.2%. Even though those rates—what real…

Deciding Your Mortgage Down Payment

February 23, 2016
Michael Shane
2016 home buyers guide, Blog, Home Financing Tips, Mortgage Guidelines, Personal Finance

When you buy a home, you can choose to pay for a portion of the home up-front without financing through a down payment. The down payment is given to the seller and the remaining balance is financed through your mortgage…

The Single Most Important Factor When Determining What Rate You Will Qualify For: Credit

February 11, 2016
Michael Shane
Blog, Credit Scoring, Home Financing Tips, Interest Rates, Loan Programs, Mortgage Application

What determines my mortgage rate? There are many factors that will determine what mortgage rate you will qualify for. Loan to value (LTV) – determined by your down payment or equity in your home Debt to income ratios (DTI) – determined…

4 Reasons To Use A Regional Mortgage Company Instead Of A National Big Bank

February 7, 2016
Michael Shane
Blog, First Time Home Buyers, Home Financing Tips, Mortgage Tips, New Buyers, Small Businesses

When you’re making a property purchase decision or refinancing your home, it may be difficult to know where to invest your time. After all, you want to make your mortgage decision with full faith and confidence that you have the…

The Pros and Cons of Installing a New Addition to Your Home

February 3, 2016
Sammamish Mortgage
Blog, Home Financing Tips, New Addition, Refinance, Refinancing

Adding an addition to your home can be an exciting opportunity to explore. Maybe you're weighing the options between refinancing your Seattle home to add an addition, or to buy a new house in the area instead. There are a…

August 14, 2015
Michael Shane
Home Buyer Tips, Home Financing Tips, Home Mortgage Tips, Homebuyer Tips, Interest Rates, Mortgage Rates, Mortgage Tips

As the 2009 recession fades into the sunset, the home buying market is showing signs of improvement in areas all over the United States. With more home buyers now entering the market, this becomes a good time to discuss one popular type of mortgage called the "Adjustable Rate Mortgage" or ARM.

August 6, 2015
Michael Shane
Federal Reserve, FHFA, Home Financing Tips, Home Mortgage Tips, Home Seller Tips, Home Selling Tips, Interest Rates, Market Outlook, Mortgage Rates, Real Estate, Real Estate Trends, The Economy

Housing markets show continued signs of strengthening according to reports released on Wednesday. The National Association of RealtorsÂ® reported that sales of pre-owned homes rose to 5.49 million in June as compared to Mayâs revised reading of 5.32 million pre-owned homes sold and expected sales estimated at 5.42 million sales. Expectations were based on Mayâs original reading of 5.35 million sales. Juneâs reading was the highest since February of 2007. Readings for existing home sales are calculated on a seasonally adjusted annual basis.

August 4, 2015
Michael Shane
Home Buyer Tips, Home Financing Tips, Home Mortgage Tips, Homebuyer Tips, Mortagage Tips, Mortgage Tips, New Buyers

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.

3 Common Home Financing Problems And How To Avoid Them

Getting the best mortgage financing for your new home can sometimes be a complicated process and, unfortunately, things can go wrong. Using a licensed and trusted mortgage loan specialist can help alleviate many of these challenges.

How To Improve Your Credit Score For Better Financing Terms

You have found a home and are ready to apply for financing. Your pre-approval amount comes back not as high as you would have expected and at an interest rate significantly above what your friends just got on their loan. This could be because you have an average to poor credit score.

Google Rating

4.9

Sammamish Mortgage

4.9

Wei-Chen Chen

20:30 03 May 19

Sammamish is very transparent about their rate offer. The process of quote is pretty non-intrusive not like other lenders that would try to take all personal information from you before you can do a simply quote. The whole loan application process is as stress-free as possible as they claimed.

Lance Whipple

15:27 26 Apr 19

Look no further, Sammamish Mortgage is the mortgage company for you! Extremely low rates and fees. Communication (Nick and Betty) was outstanding. Our no-cost refinance to a lower rate was nearly effortless. We're very satisfied with our experience and would highly recommend.

Rose Rapp

04:30 24 Apr 19

Nick, Ryan, Stacey and the whole team made this process easier than I ever could have imagined. Always able to answer questions even if it was 9pm at night(thanks Nick) and always in a timely matter. Not to mention that they were the best deal by far when it came to closing costs and interest rate. Highly recommended!

harsh sharma

20:55 17 Apr 19

Very good team of professionals to work with. I recently refinanced my home through them and I have nothing but praise for the team. All my questions were answered promptly either by email or phone to my satisfaction. The whole process was smooth and very transparent and it felt easier than car financing. I love their portal for uploading the docs and I knew exactly what documents are pending from my side and what I have submitted.

Isuru Suriarachchi

22:47 09 Apr 19

It's been great working with Sammamish. Ryan and his team was really helpful throughout the process. They made sure I got the best possible rate by first doing a rapid re-score of my credit score. And then few weeks after we locked the rate, interest rates further dropped and they gave me an even better rate. Overall, it was a great experience.

Kwaku Sefa-Dedeh

18:19 31 Mar 19

Ryan, Tiffany and Sandra did an amazing job; I couldn't be happier with the process and the results. They were very communicative at every step, went out of their way to accommodate an earlier close, and even managed to work in a lower interest rate than we had locked on. Not to mention they were already the lowest interest rate and lowest cost broker we looked at. Highly highly recommended.

sharath kumar HC

08:25 24 Mar 19

2016: Working with Sammamish Mortgage has been amazing experience. Ryan and Betty closely worked with us starting day one. They were on top of everything that needs get us closed on time. We closed on 5/26 and never felt that Sammamish would delay our closing dates. Loan process went really smooth. Closing cost almost matched with what was promised in the estimated cost.I would strongly recommand everyone and would get back to them for any future needs. Overall I am 100% satisfied.Special thanks for Ryan and Betty for being patient and answering all our questions since it was our first purchase.One feedback: If lender could release the final loan documents to ESCROW well in advance we would get enough time for reviewing documents just before closure sign. We received a day to go through bunch of final closure loan documents.2019: We returned to Sammamish Mortgage on our new property purchase and as expected closed it on time. Ryan and Sandra were on top of the things and made the process seamless. I would definitely recommend sammamish Mortgage.

Steve Eshom

15:55 20 Mar 19

Sammamish mortgage makes the mortgage process easy! Great people to work with who are focused on meeting my needs. Communication with them was smooth and their online tools are smooth and simple to work with.

Tyson Yeager

18:59 02 Mar 19

Super easy process. Fair pricing. Easy communication. Couldn’t have been better. I would highly recommend.

fred fred

20:35 17 Jan 19

We are from CA, we searched the internet to see which mortgage company had the highest grade and found Sammamish mortgage. We are very happy with our choice. Nice, Bernice, Suzanne, Sandra, and Candi (hope we did not miss anyone) are professional, efficient, patient, and friendly. If you have questions, they respond quickly. They also referred us to a wonderful realtor and within two months from the time we contacted Sammamish mortgage, the whole process was complete and we had our new house in WA area. We will definitely recommend Sammamish mortgage company to families, friends, and coworkers when it comes to real estate business in this area.

J Bear

06:35 02 Jan 19

From start to finish, Nick, Bernice and Sandra were professional as well as exceptional to work with while getting my loan processed. I can honestly say Sammamish Mortgage is the BEST Mortgage Company I have ever dealt with.They made sure I was kept up to date every step of the way and the entire process was low stress and a pleasant experience! If I could give more than 5 stars, I definitely would. My sincere thanks and gratitude to everyone at Sammamish Mortgage.

Rich Quigley

17:53 01 Jan 19

Being first time home buyers, the whole process felt very daunting. Once we took a class we learned to be patient and to find a good lender. Sammamish helped us understand the details of getting a loan and were quick to help. Their whole team was very helpful and the loan options they provided gave us a lot to think about, but really narrowed down the best financing options for us.

P G

18:31 15 Nov 18

Working with Sammamish Mortgage was a great experience. There are lots of lenders out there and they all offer similar rates, so what differentiates them? Service, knowledge, and professionalism. Every person we worked with on our loan understood our needs and went the extra mile to make the loan happen. Most of the paperwork was handled online making it easy and fast for us. They even sent a notary to the house for signing the closing documents, saving us a trip. Their daily rate tracking and 30 day rate lock was invaluable in getting the best rate and lowest costs. All in all a great experience. I highly recommend Sammamish Mortgage.

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Prospective Seattle home buyers risk losing to appreciation in 2017

Deciding Your Mortgage Down Payment

The Single Most Important Factor When Determining What Rate You Will Qualify For: Credit

4 Reasons To Use A Regional Mortgage Company Instead Of A National Big Bank

The Pros and Cons of Installing a New Addition to Your Home

Understanding the Basics of How the Adjustable Rate Mortgage or ‘ARM’ Works

Good News! Existing Home Sales, FHFA Home Prices Increase

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

3 Common Home Financing Problems And How To Avoid Them

How To Improve Your Credit Score For Better Financing Terms