In this economy, it seems more loans are being taken out than ever before. While that can sound grim, not all debt is bad. When a loan is adequately managed, it can lead to many great opportunities. You are probably already in a position to use credit to your advantage. If you are like most people, you have at least one credit card, a car you’re financing and a mortgage for your home. Read More

Four Ways To Make The Most Of Your Mortgage

In order for a mortgage loan to be conforming, it must meet the specific criteria that allow Fannie Mae and Freddie Mac to purchase the loan. The most significant of these criteria is the loan limit, which refers to the maximum amount of the loan that Fannie Mae or Freddie Mac will purchase. The loan limit can change from year to year. The primary advantage of a conforming loan is that, for borrowers with excellent credit, they typically offer lower interest rates, which means lower monthly mortgage payments and less money spent over the life of the loan.

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A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $667,000.00.Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms, including fixed-rate and adjustable-rate loans. A jumbo loan will typically have a higher interest rate, stricter underwriting rules and require a larger down payment than a standard mortgage.

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate, our pull out equity. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.


A construction loan is a more specific type of loan, designed for construction and containing features such as interest reserves, where repayment ability may be based on something that can only occur when the project is built. Thus, the defining features of these loans are special monitoring and guidelines above normal loan guidelines to ensure that the project is completed so that repayment can begin to take place.

Brad Toft | NMLS 114974

Regional Manager | Loan Originator

Email: btoft@graystonemortgage.com
Mobile: 425-444-3177

Office: 425-598-7301

Fax: 425-732-0162


Graystone Bellevue Branch  
10655 NE 4th St 
Suite #601

Bellevue, Washington 98004

Graystone Seattle Branch

4726 42nd Avenue SW

Seattle, WA 98116


Mon - Fri: 8am - 6pm

​​Saturday: 8am - 6pm

​Sunday: Closed

Brad is always available and can be reached via voice or text on his mobile phone. 


 Main Office Line: 425-598-7300| CoNMLS #18163 | Equal Housing Lender 

Brad Toft is licensed in Oregon and Washington. Brad Toft is only soliciting mortgage business to residents of these states, in which he is licensed to do business.

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