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The Birch Bay Team, REALTORŪ, real estate agents and broker for Birch Bay Village, Semiahmoo and Bellingham Washington home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why we are top real estate experts. Call us: 360-371-7844.

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Mortgage Prequalification: Birch Bay Village, Semiahmoo and Bellingham Washington home buying, real estate listings, and homes for sale in Whatcom                        County, WA
Welcome > For Buyers > Mortgage Prequalification ...


Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!
 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Birch Bay Village, Semiahmoo and Bellingham Realtors to offer services such as these. 

Once you fill out the form, we will quickly process your information and get right back to you!
 

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Real Estate Tips
Financing Your Home >Assuming a Mortgage

You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.

Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.

Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.

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Real Estate Trivia
Q 
What is the most populous state in the United States?

A 
California, with 35.9 million people.
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The Birch Bay Team, REALTORŪ, real estate agents and broker for Birch Bay Village, Semiahmoo and Bellingham Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

The Birch Bay Team
Birch Bay Village Realty, Inc.

8440 Birch Bay Drive
Blaine WA
98230
360-371-7844
Fax: 360-371-7845
TheBirchBayTeam@NUMBER1EXPERT.com

The Birch Bay Village Realty Team has been helping people relocate to Birch Bay and the surrounding Whatcom County area for over 30 years. Located in the heart of Birch Bay it's no surprise that they are known as "The Local Experts." Their dedication to service and their extensive knowledge of the local market has resulted in The Birch Bay Village Realty Team being the number one choice when looking for waterfront, water view, and golf course properties. If you're thinking of relocating to the beautiful Pacific Northwest or looking for a second home, give us a call or send us an e-mail and let us go to work for you.

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