Ask EnriqueBellevue, Washington · King County
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.
Start with the home, then the loan
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 EstimateFor 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 activityBuying 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
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.
| Loan category | What to consider | Ask Enrique |
|---|---|---|
| Purchase financingCFPB: compare loan offers | Compare the same loan amount and term across offers, including points, lender credits, mortgage insurance and cash to close. | What changes if I keep more cash available rather than increase my down payment? |
| Larger loan amountsWashington loan-limit guide | The applicable county limit helps distinguish conforming from jumbo borrowing. Property location, unit count and year matter; lender requirements vary. | Which category fits this loan amount, and how do the costs and documentation compare? |
| RefinancingRefinance break-even guide | 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. | What is the break-even point, and what happens to my total interest cost? |
| Home-equity optionsHELOC and cash-out comparison | Compare a separate home-equity line with replacing the first mortgage. Include the existing loan, fees, repayment terms and possible payment changes. | How would each option affect my combined payment and the mortgage I already have? |
Loan 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
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.
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.
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.
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.
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.
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.
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
A first purchase, a different home or a refinance—start by telling Enrique what you want the financing to accomplish.
Connect with EnriqueUpdated October 3, 2026 · Mortgage guidance: Enrique Pelayo Jr, NMLS #131435. Content prepared with AI assistance for Mortgage Lending Group LLC.
