Answers to common questions

Why use Mortgage Northwest?
We have hundreds or lenders and loan programs that we can use to place your loan to get you the best possible rate for the type of loan you want. We shop for you to find you the best rate for the kind of loan that fits your needs.

Why not just go to a bank?
You can. You can go to one bank, and if they say no, you can go to another. You can continue to do this and hope that you find what you are looking for and the rates you like. There are hundreds of lenders throughout the country and not all of them are Banks or names that you would recognize. When you apply with us, we do the shopping for you. You apply one time and we find the lender to match your particular needs. Your credit report is only pulled one time as well.

Are the interest rates at All Fund Mort-gage really that low?
Yes, they are! Your specific low interest rate depends on factors such as the type of loan you desire, the amount of equity in your home, and your credit report. To find out the low interest rate you will receive, apply online right now to receive your pre-approval by email within as little as thirty minutes. Or, call our friendly loan professionals toll-free at 1-800-741-5015 to receive pre-approval by phone in as little as 30 minutes!

Can I get a loan even though I have some bad credit?
Yes! Depending on your credit scores and other credit factors, you can still get a loan. Sometimes you will have to put more money down or take less money out than you would with good credit; however, you can still get a loan. The better your credit is the better interest rate you will get and the less money you will need to put down when buying a home. This applies as well to refinancing, the better your credit is the better interest rate you will get and the more money you can pull out of your home.

Do I have to document my income?
No! There are some lenders who only take fully documented income. Then (depending upon credit and other factors) there are lenders who let you state your income without verification, some that let you use bank statements as income documentation and others that let you get a loan with no income stated at all. The more you move away from stating your income, the higher risk you are and therefore the interest rate moves higher because of that risk.

Can you get loans for investment properties?
Yes!

Can you do Second Mortgages?
Yes!

Can you do lines of credits?
Yes!

Can you consolidate all your bills into one mortgage?
Yes!

Can you recommend a good Real Estate Agent?
Yes! Call us at 1-800-741-5015 or 360-400-4040 for a referral.

CLICK HERE to fill out our 2 Minute Pre-Qualification Form and get all of your questions answered!

Who do I contact for general information and questions before I submit my online application?
If you have any questions prior to submitting your online application, you may always call us, however, we recommend that you first review all the questions and answers contained within this page. More than likely, you will find the answers to your questions here. If you are still unable to find the answer to your specific question, you may simply include your question in the "comments box" provided on our easy 2 minute secure online application This is the fastest way to get your answer and get pre-qualified at the same time.

Do I have to own a home to get a loan?
Yes and No. If you are seeking a Home Equity, Debt Consolidation or Refinance loan, then home ownership is definitely a requirement. However, if you are looking to buy a home and would like to qualify for

our Purchase / First Mortgage loan, you do not currently have to own a home to do so.

After I apply for a loan, what should I expect?
Once your online loan application has been received, you will get notification from Mortgage Northwest that your loan application is being reviewed, and we will have an answer for you in as little as thirty minutes.

Can I get a Personal Loan, from your company?
No. Unfortunately we currently do not offer personal loans as an option.

I've had past credit problems; will I qualify for a loan?
Yes! We have loan programs to fit almost any situation regardless of past credit problems. Bankruptcies, judgements and tax liens...etc, will not prevent our loan experts from helping you obtain approval for the low interest loan that you deserve. Even if you are in foreclosure, there is a good chance that we can help you.

Should I apply online or by phone?
Whether you apply online or by phone, both are simple and free! Call 1-800-741-5015 or (360) 400-4040 in the Olympia area or our web-site offers you the convenience of submitting your application online at your own pace.
Please Note: Applying online does not mean that you won't have the opportunity to speak directly to one of our trained loan specialists.
In fact, submitting an online application will actually assist in expediting the loan process. Necessary information will already be available to the loan specialist handling your request that would otherwise have to be taken via telephone.

Does Mortgage Northwest share client information with other companies?
Mortgage Northwest is committed to your right to privacy. We do not share your personal data with anyone, unless you request us to do so. Once your application is in process you can be guaranteed that all client information will be protected so that you are the only person to view your data, along with only those individuals requiring the information to approve your loan.

Is there a cost to submitting a loan application?
Please be assured that you will not incur any charges by submitting a loan application. The process is 100% free.

Will I have to pay up-front fees?
No. There are absolutely no up-front fees at Mortgage Northwest. We even give you a free monthly savings analysis to help show how much you'll save, and we provide a free credit check to get your approval started.

Do I need to go to your office and fill out lengthy paperwork to get my loan?
No. Your application as well as your approval, can be done from the comfort of your own home, or in our office, although the signing of final documents will be completed at a local Title and Escrow Company. It's simple and free!
But, if you’d like to come in and meet us, you are welcomed. Please call ahead to set an appointment.

Can I use cash from the home equity loan for any purpose?
Yes, in most cases you can use your loan for any purpose. Consolidate your bills, make home improvements, take a vacation, buy a car or boat, start a new business... it's up to you!

Can I receive a home equity loan, refinance loan or debt consolidation if I currently have a first and/or second mortgage on my home?
Yes. Mortgage Northwest can offer all three types of loans, even if you currently have an existing first and/or second mortgage.

Can I qualify if I'm self-employed and do not show a lot of income on my tax returns?
Yes. We have several loan programs where your income does not require verification.

Is the interest on my loan tax deductible?
Yes, in most cases. However, we advise you to speak to a tax consultant regarding your specific situation.