Ask EnriqueBellevue, Washington · King County
Bellevue Mortgage Broker
Your home. Your priorities. A clearer financing plan.
Enrique Pelayo Jr, AMP, helps Bellevue buyers and homeowners compare mortgage options through Mortgage Lending Group LLC, an independent mortgage broker based in Edmonds. Whether you are buying a condo, planning a move across Lake Washington or reviewing your current mortgage, start with the payment and cash commitment that fit your life. Guidance is available in English and Spanish.
Enrique Pelayo Jr, AMP · Mortgage Loan Originator · NMLS #131435
Serving buyers and homeowners in Bellevue, Seattle, Kirkland, and Redmond.
A CLEAR PATH. CONTINUED SUPPORT.
For your next move.
And the life after it.
Understand the decisions ahead and the support you can plan on along the way.
Before you commit
Discuss your goals
A comfortable payment, cash on hand, your timeline. We start with what matters to you.
Consider the options
Compare financing choices side by side, including keeping your current mortgage when that fits best.
Check costs & break-even
Look at fees, points and total costs over your timeline—not just the monthly payment.
Explore break-evenWhat to know
For a refinance or paid discount points, compare the upfront cost with the expected benefit and how long you plan to keep the loan.
From your decision to your first payment
Choose when to lock
Review pricing, lock length and extension costs against your closing date and comfort with rate changes.
What to know
A lock protects specified terms for a limited time, subject to its conditions. Timing cannot guarantee the lowest available rate.
Close with a clear picture
Review the final numbers and remaining steps together. Know what is due, when and to whom.
Follow up on payment one
Check your first due date, servicer details and payment setup so you know what happens after closing.
As your life and goals change
Build a savings routine
Explore autopay and optional extra-principal payments that fit your budget and could reduce interest.
What to know
Autopay alone does not reduce interest. Set it up with your servicer; confirm how extra payments reach principal, any fees or prepayment terms, and that the amount leaves room for your other priorities.
Revisit about every six months
Agree on a check-in to revisit your goals, current loan and available options—or reach out sooner when life changes.
What to know
A lower advertised rate is a starting point for a comparison. Include closing costs, the new loan term and break-even before deciding whether a change is worthwhile.
Your priorities lead.
We help you make the next decision.
Start with the home, then the loan
What matters when financing a home here?
A condo's price is only the starting point
Comparing a Downtown Bellevue condo with a detached home? Put the property's taxes, insurance, HOA dues and any assessments beside the loan payment. Check what is included in escrow and what you would pay separately. Bring those details into the financing conversation before treating two purchase prices as equivalent.
CFPB: read your Loan EstimateLook at the plans around the home
For a home near Downtown or BelRed, Bellevue's Building Bellevue Map shows major development projects. The city's Map Viewer and permit-status tools help you investigate active permits and a property's history. Use these records to form questions for the city and your real estate agent; a project on a map is not a promised completion date.
City of Bellevue: development activityCheck the parcel before budgeting improvements
Buying with a future addition or remodel in mind? Start with King County's Parcel Viewer to identify the property, then check Bellevue's zoning and development requirements. Confirm jurisdiction and what the specific parcel permits before counting on a project or future rental income to make your budget work.
King County Parcel ViewerUnderstand the trade-offs
Which loan options are worth comparing?
Use these categories to organize your conversation. They are educational comparisons, not a list of guaranteed products or approvals. Enrique can discuss current lender availability for your circumstances.
Purchase financing
Compare the same loan amount and term across offers, including points, lender credits, mortgage insurance and cash to close.
Ask Enrique: What changes if I keep more cash available rather than increase my down payment?
CFPB: compare loan offersLarger loan amounts
The applicable county limit helps distinguish conforming from jumbo borrowing. Property location, unit count and year matter; lender requirements vary.
Ask Enrique: Which category fits this loan amount, and how do the costs and documentation compare?
Washington loan-limit guideRefinancing
Review closing costs, the new balance and term, and how long you expect to keep the loan. A lower payment alone does not establish savings.
Ask Enrique: What is the break-even point, and what happens to my total interest cost?
Refinance break-even guideHome-equity options
Compare a separate home-equity line with replacing the first mortgage. Include the existing loan, fees, repayment terms and possible payment changes.
Ask Enrique: How would each option affect my combined payment and the mortgage I already have?
HELOC and cash-out comparisonLoan limits and eligibility depend on the program, property location and applicable year. Confirm the current King County limit for your scenario, property type and unit count.
Put your own numbers to work
See the commitment behind the price
Hypothetical Bellevue purchase: a $1,100,000 home with $220,000 down leaves an $880,000 base loan amount. That is a 20% down payment, not the entire amount needed to close. Budget separately for closing costs and prepaid items, and include taxes, insurance and any HOA dues in the monthly comparison. This is an illustration, not a local sale, market-price estimate, rate quote or approval.
Questions before you get started
How can I reach a mortgage broker serving Bellevue?
Contact Enrique through Ask Enrique, or start from his main profile. He provides Bellevue mortgage guidance in English and Spanish through Mortgage Lending Group LLC. Start with your goal, approximate budget and timeline; use the secure process provided later for financial documents.
Does Mortgage Lending Group have a Bellevue office?
MLG's office is at 123 2nd Ave S, Suite 230, Edmonds, WA 98020. Enrique serves Bellevue and the surrounding Seattle area from Edmonds. You can begin remotely; this page does not represent a separate Bellevue office.
What should I bring when considering a Bellevue condo?
Bring the property address, asking price, down-payment plan and the HOA dues or assessments you know about. Ask which project documents the lender needs and when. Include insurance and taxes in the budget; loan availability depends on both your application and the property review.
Does a Bellevue purchase always require a jumbo loan?
No. The loan amount, applicable King County conforming limit, unit count and year determine whether the borrowing fits within the limit. The purchase price alone does not answer the question. Confirm the current limit and the lender's other requirements for your scenario.
Can we compare a Bellevue home with one in Seattle?
Yes. Use the same loan assumptions, then compare each property's taxes, insurance, HOA obligations and cash needed to close. Enrique's Seattle mortgage page is another starting point if your search spans both sides of Lake Washington.
Can Enrique help me decide whether to refinance?
Yes. Compare your current balance, rate and remaining term with the proposed loan's costs and expected benefit over your intended holding period. A payment reduction can come from extending the term, so look beyond the monthly difference before deciding.
For comparison help, see the CFPB's Loan Estimate explainer. Verify individual and company licensing through NMLS Consumer Access.
Your next step
You bring the questions.
Let's work through the options.
A first purchase, a different home or a refinance—start by telling Enrique what you want the financing to accomplish.
Connect with EnriqueUpdated October 4, 2026 · Mortgage guidance: Enrique Pelayo Jr, NMLS #131435. Content prepared with AI assistance for Mortgage Lending Group LLC.