How does the process work?
Simply fill out the online application and include copies of your last two year w-2's, two recent pay stubs for each borrower and the last two statements from your checking or savings account. Once received this information will put through "fast track for 24 hour approval." When approved I will order your appraisal open escrow, and order your title report. When everything comes back your loan is ready to close, it's that simple. The process can be done in as little as ten days.
Why ahlsmc.com?
Feel free to shop but remember to consider everything before you decide. Local servicing (Seattle), fifty five plus years residential lending experience, Seattle Mortgage Company has been making loans since 1944, Low fee's, fast professional service, and you are dealing with a direct lender (Mortgage Banker) there is no middle man involved.
What program is right for me?
Not every loan program is right for everyone. Something to consider is how long do I plan on living in my home? How long till I retire? Is this the last home I will own? What are my overall goals for this loan? For answers to your finance questions please feel free to e-mail me at TAhl@seattlemortgage.com and under subject just write question.
Is there a way to close a loan without any fees?
Yes, Loans can be done today in where the Lender will pay for all of the closing costs. Your rate will be slightly higher than the current market rate. The actual cost to the borrower to close a no cost loan is exactly that, NO CLOSING COSTS whatsoever. For more information fill out the contact form or interest rate quote indicating your interest in a no closing cost loan.
How do I lock my loan?
Once you have applied for a loan at AHLSMC.COM and you have made your deposit you will be eligible to lock your loan. By locking a loan you are guaranteeing your interest rate at the rate which it was locked at.
How long does it take?
Since Seattle Mortgage Company is a mortgage banker and is a fast track approved lender the process can be completed in as little as 10 day's. However, every loan is different and some more complex loans may take longer.
What is the up front cost?
The deposit to start an online loan application with AHLSMC.COM is $500.00. Should your loan not be approved or if you decide not to use AHLSMC.COM before an appraisal is ordered you will receive a full refund.
What is fast track?
Fast track is an express approval process offered by Seattle Mortgage Company where your loan application is sent to FNMA direct for approval. This greatly reduces the time, paperwork, and enhances your odds of being approved.
Should I pay points?
This is a customized question that may be different for each individual borrower. However, if you are refinancing and rolling your costs into the loan it will probably be counter productive. Here is an example. Mr. & Mrs. Smith need a loan for $100,000 this will give them all the money they need and allow all of the closing costs to be rolled in the loan. They borrow this money at a note rate of 7.750%; the P&I on this loan is $716.41. If they buydown one point and roll this amount in the new loan will have a lower note rate of 7.500% but the loan will have to be increased to $101,000 the new P&I is 706.20 thus there total savings is $10.21 per month.
What is a streamline refinance?
Streamline refinances are loans where only the underlying balance of the first mortgage is refinanced for a lower rate. The advantage to these loans they often do not require requalifying or a new appraisal. In addition the closing costs may be greatly reduced. There are three types of loans that may be eligible for streamline refinancing at AHLSMC.COM they are the following. All VA and FHA loans regardless of your current lender. Any conventional loan and serviced by Seattle Mortgage Company. If you are interested in more information please feel free to call me at any time 866-281-1821 and say you saw us on the Internet.
