Mortgage Information

Mortgage Calculator

Type in your morgage amount, interst rate, down payment and it will calculate your monthlty morgage!

My Preferred Lender

Stacey Drake with Windermere Mortgage Services

Direct: 206.256.0066 Email: stdrake@windermere.com

Stacey has been in the mortgage industry for a number of years. She is excellent at explaining different loan types and listening to your individual needs. Please contact her with all your mortgage questions.

Determining how much you can afford before you begin your home search will save you valuable time. 

Prequalification vs. Preapproval
Prequalifying for a mortgage generally helps you determine how much house you can afford.  Most lenders require that your monthly mortgage payment, including principal, interest, taxes and insurance, range between 25 and 28 percent of your gross monthly income.Remember, becoming prequalified does not necessarily mean that you will be approved for a loan to that amount. Preapproval from your lender means that you have provided them with the necessary paperwork, and they have approved your actual loan amount. (Two years of tax returns, current bank statements, credit score, ect.) Having preapproval for a home loan will put you in a much better negotiating position, because the seller knows that you are able to obtain your loan to purchase their home. 

Contact your financial planner today for advice. 

I recommend Stacey Drake, Windermere Mortgage Services.
(206) 256-0066  stdrake@windermere.com