To assist you in taking the initial step in securing the best rate on your new home loan through Bech Mortgage Services, please print, complete the Loan Application provided in the link below.

Please call us and fax or email the completed application to:

   Bech Mortgage Services

 Phone: 877 694 1500 ext 234

          or 360 931 1233

   Fax: 360 694 0752 clint@bechmortgage.com 

LoanApplication 1003.PDF

online application

 Information for Borrowers from HUD

If you received an error message when trying to download either of the above forms, you might need to first download the acrobat reader.

Am I really ready to buy?

Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your particular situation.

How much “house” can I afford?

The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. You can use calculators and tools to help you with this.

In addition, you should consider both the up-front and ongoing costs associated with purchasing a home in the planning stage.

Some up front costs include

• Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.
• Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
• On-going Costs: Your housing costs can include the following:
  
  • Monthly mortgage payment Homeowners insurance
  • Mortgage Insurance, if applicable
  • Flood Insurance, if applicable
  • Property taxes
  • Utilities
  • Maintenance

How much can I get pre-qualified for?

Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of what you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.

You can use calculators and tools to find the home loan that meets your needs. Then, you can continue and get on-line Pre-Qualification.