NMLS 1564055
Whether you’re buying your first home or your forever home, we’re here to assist! We offer a variety of options for purchasing, refinancing, investing, and specialty loans. Get in touch with us today and let’s make your move a reality!
Mike and his team were absolutely amazing in helping my clients through the entire lending process, from pre-approval to closing. Their professionalism, responsiveness, and dedication made everything seamless and stress-free. My clients are extremely happy and satisfied with the outstanding service they received. I highly recommend Mike and his team to anyone in need of a reliable and efficient lender.
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Whether you’re a first-time homebuyer, looking to trade up, or seeking to refinance, I am here to make your homeownership dreams a reality. Contact me today to get started on your journey to a new home.
I'm licensed in:
WA & CA
I specialize in:
First Time Buyers & Veterans
NMLS 1564055
Mike’s philosophy is simple: Every client deserves a mortgage experience that is smooth, transparent, and tailored to their needs. He takes pride in building strong, lasting relationships and is always ready to go the extra mile to ensure his clients’ satisfaction. Whether you’re a first-time homebuyer, looking to move up, or seeking to refinance, Mike is here to guide you every step of the way. His story is one of passion, dedication, and a true commitment to making your homeownership dreams a reality. Contact Mike today to start your journey towards a new home.
With over 30 unique investors and hundreds of loan options available, we can take you from dream to funded!
Washington Housing Market Update: July 2024 Insights The Washington housing market has seen notable developments over the past two weeks. From fluctuating interest rates to changes in inventory levels, these trends are crucial for homebuyers, sellers, and referral partners to understand. This post will provide a comprehensive overview of the
Building a Homebuying Plan Creating a comprehensive homebuying plan is crucial for first-time buyers. It helps you stay organized, set realistic goals, and navigate the complex process of purchasing a home. This article will guide you through creating a timeline, using a checklist, and staying organized throughout your homebuying journey.
Closing Your Loan & Home Purchase Successfully Closing on a house is the final step in your homebuying journey, and it’s an exciting moment when you officially become a homeowner. However, the closing process involves several important steps and a lot of paperwork. Understanding what to expect can help ensure
Key Loan and Mortgage Terms Defined Understanding the terminology associated with mortgages and home loans is crucial for first-time homebuyers. This article will define and explain key terms you’re likely to encounter during the homebuying process, helping you navigate the complexities of mortgage financing with confidence. Essential Mortgage Terms Adjustable-Rate
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If you plan to take out a mortgage loan to pay for your home, then you will be making a monthly house payment for the duration of the loan term unless you choose to sell. Understanding this number is a key aspect of figuring out how much house you can afford. There are many factors that will have an effect on the total monthly payment amount that you will be required to pay to own the home.
If you are unable to cover a 20% down payment on a conventional loan, then you will have to pay private mortgage insurance premiums in your monthly payment. Mortgage insurance protects lenders when they take on riskier borrowers. Since you were unable to cover a large enough down payment, the lender charges this extra fee for mortgage insurance as a safety net in case you default. This is not the same thing as homeowner’s insurance, but it is an additional cost in your monthly mortgage payment that needs to be accounted for. You can also expect to pay a monthly mortgage insurance premium or a similar monthly fee on USDA, FHA and VA loans.
Interest rates help determine the total cost of your mortgage loan. Some factors that affect the interest rate you will receive include your credit report, the current real estate market, and the type of loan. As mentioned before, how much of the monthly cost goes toward interest versus the principal can change. If you are borrowing money when the market favors buyers, you can lock in a lower interest rate with a fixed interest rate loan. If you choose an adjustable rate mortgage, your monthly interest rate may fluctuate based on the market, resulting in changing monthly mortgage payments. You could even opt for an interest-only loan where you only pay interest for a few years at the beginning, resulting in a smaller monthly mortgage payment.
There are other factors at play that can have an effect, such as the number of payments, closing costs (attorney fees, real estate agent fees, fees for private lenders, etc), loan type, and debt-to-income ratios.
Copyright © 2024 Dwell Mortgage LLC
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
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Dwell Mortgage, LLC. Company NMLS # 2426506.
Licensed in WA (CL-2426506), OR (2426506), CA (60DBO-176964), CO (CL-2426506),
UT (13178963), FL (MBR6421), ID (MBL-2082426506)
Headquarters: 2817 Wetmore Ave, Everett, WA 98201. 800-605-1626.
Equal Housing Opportunity. For licensing information, go to www.nmlsconsumeraccess.org.