Mortgage Company
Are you looking for a mortgage company in Seattle, Spokane, Washington, Alaska, Idaho, Kansas to finance a new home purchase or to refinance an existing mortgage loan with the absolute best rates and terms possible?
Platinum Lending LTD is the right choice for you. We are among the best mortgage companies of the country and the most experienced in its Northwest areas. Our mission is to offer our clients the lowest interest rates and closing costs in the market.
Our pluses are:
- Our policy is commitment to service, which we make as personalized as possible.
- We guide our clients meticulously in every step of the loan process, from pre-qualification, to closing and every detail in between.
- We have relationships with local, regional and national mortgage lenders, realtors, and investors.
We have the resources necessary to close loans quickly and efficiently. This means, we are able to obtain a full loan commitment quickly. 98% of the applications we handle get approval.
Note that with our mortgage loan programs two principal types of mortgage payment are available: Fixed Interest Rate Mortgage and Adjustable Rate Mortgage (ARM).
Fixed Mortgage
Interest Rate and Payment do not change for the entire term of the loan. The mortgagor can take advantage of locking in low interest rates for the life of their loan. Thereby the mortgage amortization here equals zero at the end of the mortgage loan term.
Adjustable Mortgage Rate
The payments on these loans are fixed for the initial period which depends on the term of the arm. Rate may change once every 1-12 months for the entire term of the loan depending on the arm chosen. There are provisions that prevent catastrophic changes in market rates. The initial interest rates are less than fixed rates, and can lead to lower monthly mortgage payments.
Platinum Lending, LTD must first determine fair market value by arranging an independent appraisal of the home. The appraisal uses local real estate market sales activity as a basis for valuation. The appraised value determines how much the lender is able to loan to the client.
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