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Today Date Welcome to Beautiful Sequim Washington, "The Banana Belt of America." This web site is dedicated to servicing the 'Blue Hole Area' of the West Coast's spectacular Olympic Peninsula. Professional pilots refer to Sequim as the 'Blue Hole' because Sequim, Washington is in the heart of a Rain Shadow. The blue skies and sunny weather of Sequim WA, has blessed Sequim land and Sequim homes with nearly 300 days of sunshine and less than 17 inches of annual rainfall. |
Find a Local Lender of Mortgage Company
Below you will find a list of Banks, Private Lenders and Mortgage Companies serving the North Olympic Peninsula. We ask that you be diligent, but cautious, when looking for, and choosing a Lender to finance your new home. The same applies to refinancing your home as well. Please be aware, there are small and big name Lenders out there today, who will offer you a variety of attractive and creative ways to finance your home. Always remember, Lenders are in the business of making money. In fact, it is reported that lending intuitions have broken all profit records for 2006 and 2007, making over 40 Billion Dollars Profit over the last 12 months alone. Be Aware Of Contractors, Home Equity Scams, and Just Plain Bad BusinessYou could lose your home and your money, if you borrow from lenders who offer you an seemingly attractive new home loan or a refinance loan based on the equity you have in your home. Certain lenders target homeowners who are elderly, or who have low incomes, or credit problems, and then try to take advantage of them by using deceptive practices. Other lenders offer programs targeted towards new home buyers where they need little or no down payment to close the loan. Please always look as far forward into the future as possible, and examine as many contingencies as you can identify, this will increase your ability to pay back the loan on or ahead of time. It is always smart to get advice from an investment counselor and/or an attorney who specializes in real estate before you close your loan. Remember, unless licensed as such, your Real Estate Broker or Agent is usually not an expert in these areas but can help in pointing you to the right direction to find a professional in your community. |
The few hundred dollars you will spend in seeking their professional advice, could mean tens or even hundreds of thousands of dollars you will not loose in the future. The advice from family, friends, coworkers and even licensed real estate agents can be helpful. But it should never be replaced by the experience of a licensed attorney or investment counselor or real estate counselor. Please make sure that the attorney or counselor has errors and omissions insurance to protect you and them if they do not represent themselves or do their job correctly. In fact, all the professionals you deal with should carry this type of insurance coverage. By profesionals protecting themselves with insurance coverage, this in itself demonstrates that their interests also include that of their clients. The Federal Trade Commission cautions all homeowners to be on the lookout for at least the following:
Some of these practices violate federal credit laws dealing with disclosures about loan terms, discrimination based on age, gender, marital status, race, or national origin; and debt collection. You also may have additional rights under your state law that would allow you to bring a law suit. The FTC suggests if your thinking about using your home as collateral for a loan be careful. Unless you can make the loan payments out of current income, you could lose your home as well as the equity you have already built up. Some additional tips to remember: The lure of extra money or the chance to reduce monthly credit payments can be very costly in the long run. High interest rates and other credit costs could get you in over your head.
In addition, shop around for the best loan terms and interest rates. Contact lending institutions, such as banks and credit unions, and consult a legal or financial advisor, or someone you can trust before you make any loan decisions. Or contact your local Fair Housing Office, legal aid, or senior services organization for information and help. The Federal Trade Commission (FTC) works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumer’s spot stop and avoid them. To file a complaint or to get free information on consumer issues, visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.LOCAL BANKSAmerican Marine Bank: 1-800-648-3194 Bank of America: 1-800-442-6680 First Federal Savings & Loan Association 1-800-800-1577 1st Security Bank of Washington 1-800-683-0973 Frontier Bank 1-888-779-480 Key Bank 1-800-539-2968 Olympic Bank 1-800-283-5537 Sound Community Bank 360-683-2818 or 1-800-458-5585 Sterling Savings Bank 1-888-702-7759 U S Bank 1-800-872-2657 or 360-683-3366 Washington Federal Savings 1-800-324-9375 or 360-681-7485 Washington Mutual 1-800-788-7000 or 360-683-7242 Wells Fargo Bank 1-800-869-3557 or 360-683-1166 LOCAL CREDIT UNIONSPeninsula Community Federal Credit Union 1-800-426-1601 Straight-View Credit Union 360-452-3883 MORTGAGE COMPANIES
115 North Eunice Northwest Mortgage is locally owned and operated by lifelong residents of Clallam County.
711 East Front Street, Suite B Conforming Real Estate Loans
Non-Conforming Real Estate Loans
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