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You are here: Home / Press Releases / Top Seattle Mortgage Company Shares Mortgage Tips Before Retirement

Top Seattle Mortgage Company Shares Mortgage Tips Before Retirement

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If you are coming up on retirement, you may still have a balance on your mortgage. Perhaps you have sufficient funds to pay off the rest of the mortgage. Should you do it? It depends on your situation.

The Advantages of Paying Off Your Mortgage Early

The advantages of paying off your mortgage and retiring are pretty obvious – it is one less bill to worry about, and you will be able to stop paying interest on it as well. You will then be able to plan your retirement finances around your remaining monthly bills and any potential unexpected expenses. Another consideration is that if you end up wanting to take out a reverse mortgage, you should be able to, assuming you meet all other requirements. If you carry a balance on your mortgage, you might also qualify for a reverse mortgage, however, so long as you have sufficient equity.

The Disadvantage of Paying Off Your Mortgage Early.

Putting a large amount of money into paying off the rest of your mortgage takes money away from other things, like savings, emergency funds, investments, etc. It might even require you to take money out of your retirement accounts. Ask yourself, can you earn more money from your investments than you pay in interest?

Consider Paying Off Your Mortgage Before Retiring If …

  • You will still have an emergency fund available to use after paying off your mortgage (you should not eliminate your emergency fund to pay off your mortgage).
  • You will be able to continue to easily pay for all of your monthly expenses after you make the large payment.
  • It will save you a lot of money in interest.

Consider Continuing to Pay Your Mortgage Into Retirement If …

  • Putting the money into other investments might be more lucrative for the time being.  As long as you earn more money from your investments than you pay in interest you are better off and you can pay off your loan anytime in the future if the investment income does not pay all of your interest. 
  • You should also ask yourself if you might need to borrow money shortly for other things.  You will probably pay a higher interest rate for almost anything else you borrow including auto loans, equity loans, credit cards, etc.  You should also consider your mortgage is being paid off over a longer period than most loans.  That means the monthly payment is much lower per dollar allowing you to keep your monthly expenses lower. If any items you can imagine getting a loan for in the future might have a higher rate or higher payment per dollar borrowed than your current mortgage you would be better off keeping your mortgage and using your savings for other possible higher interest rate purchases.
  • Will your income decrease in the future making it difficult to borrow for other things you might need or want?  If so, you should consider keeping your mortgage and retaining your invested savings. 
  • You might wind up in a higher tax bracket due to pulling from a 401(k) or another retirement plan to pay off the mortgage.
  • You will be able to continue to easily pay for all of your monthly expenses while juggling the mortgage alongside your other debts and bills.

After weighing the pros and cons of carrying a mortgage into retirement vs. paying it off now as pertains to your scenario, you will be able to figure out what is the right choice for you.

Buy a Home or Refinance in Seattle

Do not forget that if your interest rates have become unwieldy, you can always consider refinancing your mortgage as you head into retirement. To discover your options, please get in touch with them at (206) 352-6453 to discuss your options. They work with customers in Washington State and Colorado.  You can also use their instant rate and price tool with no personal information required https://www.bluesquaremortgage.com/rates/ to explore their low rates for yourself or subscribe to their rate tracking alerts to receive regular rate notifications. 

 

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Michael Sadowitz
Michael Sadowitz
20:50 16 Nov 24
Mike made the mortgage process as pain free as possible! My last mortgage application experience was anything but -- I remember being on the phone with the loan officer constantly, always needing to push things along, correct errors, and generally being constantly frustrated. I felt confident leaving everything in Mike's hands. But Mike was always available at a moment's notice to answer any questions and to grease the wheels. He dealt with sometimes difficult situations so we didn't have to. Mike is well worth every penny! Thank you, Mike!
Eric Bivoino
Eric Bivoino
00:03 29 Oct 24
i contacted Mike because i was interested in purchasing my first home. He was helpful and easy to talk to which i find incredibly important and i could really tell he cared about what is best for me. his vast knowledge really helped me learn a lot in taking my next steps.
Jacob Boundy
Jacob Boundy
15:46 22 Oct 24
Mike is incredibly knowledgeable and super helpful. I needed help with a second mortgage refi, on a rental property. He took the time to help me even after I ended up using my credit union that I already had a relationship with. When it comes time for us to buy another property Mike is our man!
Gwen Han
Gwen Han
23:28 10 Sep 24
Mike offered the most competitive refinance program with the lowest interest rates and no closing costs for us. He was very helpful, responsive, and is definitely our go-to if we require his services again. We will be recommending him to friends and family!
David Hazen
David Hazen
16:40 09 Jul 24
We had a unique non-conventional situation, and Mike found options for us very quickly. He's collaborative, problem solving, and generous with his time and expertise - carefully explaining all the ins and outs of the scenarios and options. Extremely capable, and quick results - we highly recommend.
Claire Nelson
Claire Nelson
20:31 02 Dec 23
Called Michael Peacore to see if I was qualified for a home loan- he was very attentive to my needs and made so much time for me. He was prompt with the information provided and I will definitely use him with any questions or business moving forward. Thanks so much Mike.
Douglas Aho
Douglas Aho
18:19 16 Oct 23
Mike has proven invaluable in my first-time home-buying experience. I've had many questions about many aspects of the process, and he's always been ready with an answer. He is prompt, informative, and resourceful. If and when I do this crazy, property-purchasing ritual again, it'll be him I message.
Henry Yates
Henry Yates
01:50 28 Aug 23
Mike Peacore and Blue Square Mortgage were great. The current process for obtaining a mortgage is daunting with increasing additional scrutiny from lenders amid a rising interest rate environment. Mike was with us all the way through the process, pointing out ways in which we could speed the process and save money through it all. He was always available, even nights and weekends and worked diligently to get us answers to questions we asked. I highly recommend Mike and Blue Square and if I ever need another mortgage, will call on him. He provides the sort of customer service you don't see anymore. He is fantastic!
Andrew Steelsmith
Andrew Steelsmith
20:31 07 Aug 23
We had a great experience working with Mike, and successfully completed a cash-out refi under less than ideal circumstances. He was communicative and professional, and rolled with the punches as we trudged through this while giving birth to our second kid. So far, Mike is the best mortgage lender in Seattle that we’ve worked with.
Bob Enkeboll
Bob Enkeboll
02:55 28 Jun 23
I contacted Mike for advice on refinancing my mortgage and found him extremely knowledgeable and helpful. He responded quickly and answered my questions and concerns in a clear and straightforward manner. He was very easy to talk with and I feel very confident in his advice and recommendations. I definitely recommend him for your mortgage needs.
Amanda Wolff
Amanda Wolff
18:45 11 Apr 23
Mike Peacore is the most helpful person I have ever met. We were first time home buyers in 2020 and Mike talked us through everything. He would send us a document and instead of us reading through it alone, he would call us and go through it together. Every step was so easy with Mike. When we were confused about anything or had questions Mike was there with an answer or the connections to find the answer. AND...This week 3 years after we bought our home, we had questions about our escrow and property taxes. We called Mike and a problem we dealt with for over a year was settled in a few hours because Mike is that good. He is kind, helpful, resourceful, and even gave me a recipe when I told him I liked to bake but am newly GF. He is just an amazing person, and your home buying experience will be smooth sailing if you use Mike at Blue Square Mortgage.
Dylan Mehrer
Dylan Mehrer
16:10 16 Mar 23
Mike guided me through the process of buying my first home, and made it easy. He was able to share his knowledge in a way that was easily understandable for someone like me who didn't know where to start.
Bill T
Bill T
03:59 23 Feb 23
Stellar customer service..!! Mike is professional, very responsive and thorough. Thank you for a job well done!
Megan
Megan
14:14 01 Feb 23
Mike was very knowledgeable and kind about the homebuying process. He slows down and communicates such a complex process in a way that the average person can understand. Home Buying can be very stressful, but with Mike helping you a lot of that stress is taken away! Highly Recommend his services :)
MA Hubbard
MA Hubbard
19:41 30 Aug 22
Mike with Blue Square, a really great communicator, ushered us through a long process to qualify for a mortgage loan and we couldn’t be happier with the outcome and his responsiveness and patience. Thank you Mike!
Jason McGriff
Jason McGriff
21:59 26 Aug 22
Mike is 100% the person you want to go too for your mortgage needs. I had a tough lending situation and he did not stop working on my case until he was able to resolve my lending requirements. He will dig in and research for the best mortgage options for your specific situation and needs. I love to work with someone like Mike. He really put forth time and effort as if he was getting himself a mortgage. 5 stars for Mike all day.
Emily Wing
Emily Wing
23:00 05 Aug 22
We refinanced our mortgage with Mike and recommend him highly! He found us by far the best rate around, and walked us through every step of the process in a friendly and accessible manner. He explained things to us when needed, and was always thinking a step ahead to make sure the process went smoothly and there were no surprises. We feel lucky to have worked with him. Thank you, Mike!
Edrienne Chan
Edrienne Chan
03:49 08 Jun 22
Mike was super helpful in my quest for more understanding of real estate investment. Extremely informing and really wanted to educate. He listened well, and although my needs cannot be met at this lender, he was still happy to help. Very grateful to have given him a call
Kim Meyer
Kim Meyer
19:17 19 May 22
I have worked with Mike as a lender for several years. Our partnership with buyers, Mike as the lender and myself as the REALTOR are 100% successful and the buyers are consistently thrilled with results. Mike works hard to get the best rate possible for the buyers, helps educate everyone on market knowledge and helps make the process go smoothly from start to closing. The buyers that I work with appreciate having as much market information as possible - I find this is a great approach to helping buyers feel confident to find the best home for their housing needs/wants. I look forward to many more successful transactions with Mike!
Anton Cauthorn
Anton Cauthorn
01:41 14 May 22
Mike did an amazing job helping me set up a loan to purchase my home. Mike had a personal touch and it felt like I had someone on my team helping me the entire time. He got me a lower rate than the other lenders I was looking at going through and he made the whole process simple and easy. The best part was that we ran into a number of complications along the way and Mike worked hared to find solutions every time to make things work out smoothly. I highly recommend Mike and feel lucky to have found him to work with on my loan.
Danny Yang
Danny Yang
17:51 11 May 22
I had a smooth experience with Mike as a first time homebuyer. He walked me through the process and explained everything and made sure I understood it all. Made the entire process a lot easier and less intimidating than I thought it was going to be.
Dan Hoffman
Dan Hoffman
00:51 11 May 22
Mike helped me close on a very complicated loan and I would gladly use him again. He went above and beyond to guide us through the process and made sure I was informed every step of the way. If you work with Blue Square Mortgage you will receive as much assistance and guidance as you like up to and through closing. Thanks for your help Mike!
Martin Monteblanco
Martin Monteblanco
02:56 11 Apr 22
Mike was super helpful with the process of buying our first home .Definitely recommend for any first time home buyers .
Lucio Maldonado
Lucio Maldonado
23:05 21 Mar 22
Mike was excellent and extremely professional. I did not end up going with him, as he told me candidly when he could not beat a competitor's rate, and therefore told me to go with the competitor. Very refreshing. Thanks a lot, Mike.
Kathy Hattori
Kathy Hattori
22:14 03 Dec 21
This is our second time working with Mike and we could not be happier. Mike is personable, ethical, professional and absolutely knows his stuff. We had a wish list for our refinance (lower payments and interest rate plus funds to renovate) and he accomplished everything we wanted so we're thrilled. Mike's a treasure. Work with him.
Kristin Gardner
Kristin Gardner
17:35 03 Dec 21
Mike is an extremely professional and knowledgeable person to work with. He has assisted me in several different scenarios and because of his help I have been able to make an informed and beneficial decision. I cannot recommend working with him enough! He is thorough and quick with his work and utilized excellent resources to get the best results and answers for his customers. We will definitely be return and repeat customers.
Kristen Weber
Kristen Weber
19:35 17 Nov 21
I could not be happier with the rate and service that we got from Mike Peacore. He is super straight forward and gave us the best rates. He is very responsive and personable. I would highly recommend him.
Rosemary Le
Rosemary Le
06:51 23 Oct 21
As a first time home buyer, I really appreciate how transparent and patient Mike was. Even before he knew that I would choose him as my mortgage broker, he was willing to walk me through every single aspect of the home buying process and let me know what to expect from other brokers/lenders. I specifically told him to give me all the details, keep track of all of the milestones/deadlines, and provide frequent reminders. At first the information he provided was a little overwhelming, but he understood that I would ask a lot of the same questions down the road. The process went very smooth and even on signing day he offered to be there in person with me since my realtor was on vacation. In summary, I really appreciated the transparency, how he was never pushy for my service or if he needed anything from me, the clear and detailed information he provided, and the friendly and patient service that I received.
Emelie Montgomery-Jones
Emelie Montgomery-Jones
17:11 29 Sep 21
Mike, thank you so much for guiding me through the process of refinancing my investment property. I certainly would have been lost without you. If the situation arises, I will highly recommend you to others. Your expertise, advice and timely communication kept my anxiety levels low. I am extremely happy with the outcome.Sincerely,Emelie MJ
Stefan Muehleis
Stefan Muehleis
18:26 17 Sep 21
I refinanced with Mike and everything went very fast, smooth and flawless.Not to mention that I got the best rate out there. Excellent job!!!
Leon Liu
Leon Liu
22:40 03 Jun 21
Mike helped us to close a refinance process effectively:- Mike identified a good program for our rental property. We managed the entire process remotely.- Refinance closing was fast. Faster than our new purchase loan earlier this year.- Great communication, very responsive and accurate.- Would recommend to friends and work with Mike again.
Mark Kilcup
Mark Kilcup
23:43 26 Jan 21
Duncan Wray was an absolute professional to work with during this process. They had a super competitive rate and were able to work with the VA on my refi. I recommend Duncan and his team!
Scott Matlock
Scott Matlock
23:01 23 Dec 20
Max at Team Blue Square was extremely helpful and positive during my entire refinance process. We had a few hurdles along the way, but he was always positive and super responsive to all of my questions. Not only did he lock me in at a great rate, but I was continually impressed by his knowledge and accommodating attitude. He was a true professional, and you can tell he truly cares about customer service. Couldn't be happier with how everything turned out. 5-stars!!!!
Tamara Atkins
Tamara Atkins
17:03 01 Sep 20
This was our 3rd time financing/refinancing with Mike Peacore. As always, he was so professional, expedient, and helpful. Everything went smoothly with Mike guiding the process the whole way to closing. Have referred him to many friends!
Justin Lonergan
Justin Lonergan
04:42 20 Aug 20
Sean was fantastic through our VA refi. Blue Square's rates were the most competitive of the companies I screened, and the application could not have been easier. I probably spent less than 5 total hours on the refinance, saved my family hundreds per month, and I very much attribute that smooth process to Blue Square's and Sean's attentiveness. I have already recommended them to peers and would wholeheartedly recommend giving them a call to see what they can do for you.
RD Kent (RDK)
RD Kent (RDK)
03:44 20 Aug 20
Very responsive, friendly, and helpful. Excellent experience!
Jeremy Kirsch
Jeremy Kirsch
01:54 20 Aug 20
I just closed and recorded and I wanted to thank Kathy S. for her excellent service and support and for giving me the best deal ever. I am getting looks of disbelief when I tell people, especially those with conventional loans who can’t even come close!With Kathy, every question was answered and there were no surprises, except the good kind. No weirdness, everything disclosed.I've purchased and sold and refinanced a number of times, it's usually a stressful experience even without having to move. Not this time.Prior to dealing with Kathy and Blue Square, I had previously used a broker a couple of times before, whom I considered excellent and I was very happy with. With that said, if I ever need another loan, I will come to Kathy and Blue Square first. Without a doubt.And I will be recommending Kathy to anyone who needs a loan, especially those in the VA IRRL category.Again, thank you Kathy for all you did!
manjusha n
manjusha n
00:58 11 Jul 20
Spoke to Mike Peacore about Home purchase mortgage. He was very responsive and helpful. I was shopping around for rates and he gave a quote and gave me tips on getting better rates. He really cares about his clients and great to talk to. I highly recommend Blue Square Mortgage for good interest rates and Mike for his outstanding service. Thank you!
Kevin Hoy
Kevin Hoy
17:18 05 Jun 20
I contacted Blue Square based on a Google search for VA IRRRL. Mike was very helpful in explaining the parts of the refinance process to me and helping me understand not only what everything means but also how and why he is able to offer lower rates than most of the big name lenders. I look forward to doing business with Mike again.
Andrew Gray
Andrew Gray
00:08 23 May 20
As a first time home buyer, I feel extremely lucky we went with Mike at Blue Square as our mortgage broker. He was professional, thorough, and more than happy to answer all of our questions about the process. His rate and fee estimates were considerably lower than other lenders we considered. He worked nights and weekends during the closing process and we wound up closing early. I look forward to working with him on a refi and eventually our next home purchase!
Rob Luecke
Rob Luecke
15:29 05 Mar 20
I am in the business and have done over 1,000 real estate transaction, have several rentals and Mike did a bang up Job.
Lana Zielke
Lana Zielke
06:15 12 Jan 20
I found Mike online by searching online to see what mortgage brokers came highly recommended in the Seattle area. I was not disappointed! He worked fantastically with my real estate agent. Made the whole process super simple. And not only did we close on time, we closed early (25 days after our offer was accepted)!! He negotiated the PMI with the lender based on credit score so I have an incredibly low monthly PMI! And in the week of escrow, my monthly payment came down by about $40. I couldn’t be happier with his service. He was quick, attentive, very responsive, and easy to work with. I highly recommend him!
Kyle Acheson
Kyle Acheson
18:44 31 Dec 19
Mike was great to work with. He really helped us through the process and answered all of our questions timely and thoroughly. Would work with again.
Jeffrey Bley
Jeffrey Bley
18:49 20 Dec 19
Mike Peacore was thorough and very helpful in getting me a competitive rate. He always kept me up to date on the current status, and was more than happy to help explain things to me when there was something I didn't understand. I was able to make informed decisions and I was very happy with my refinance. Thanks Mike!
Michael Medvedev
Michael Medvedev
03:59 18 Dec 19
Great and unique service! Thank you so much!!! Would recommend to anybody!
Steven Jones
Steven Jones
22:23 25 Nov 19
You couldn’t ask for a better guy to do a home refi with! Mike Peacore did a wonderful job,we closed in about 6 weeks! He made it easy and very stress free! He went out of his way to let me know what was going on at all times! He worked with me way after the regular 8 to 5 business! He is a great guy and does great work! I couldn’t even imingae going with anyone else after working with him! You won’t be disappointed if you go with Mike Peacore at blue square Mortage! I will definitely be telling my friends and family about him! I will call him for my next refi! Thanks for everything Mike! You are the man!!!
KenG
KenG
17:07 19 Aug 19
Mike goes over and above. I needed help with refinancing a rental property in Chicago. Even though he couldn't service a property in IL, he was super responsive and went out of his way to find a solution and referral for me. Loved his commitment to service and highly recommend.
Jennifer Teunon
Jennifer Teunon
22:34 05 Mar 19
Mike Peacore was incredibly professional and easy to work with. During our recent refinance, we weren’t sure of our exact timeline, and he never pressured us to move forward before we were ready. Once we did make a decision, he helped us act quickly and secure a good rate. Throughout the entire process, Mike was always accessible and responsive, friendly, and constantly looking out for our best interests. I would highly recommend Mike and Blue Square Mortgage.
B Larson
B Larson
17:54 18 Feb 19
Mike Peacore at Blue Square Mortgage helped make the refinance process hassle free. He has great rates, provided fast service, quick responses to our questions, and accurate information about the process and specific details. Mike is knowledgeable about all the things we needed to know about market values and mortgages. We live in Bellingham--90 miles north of Seattle--but that distance was a non-issue. It was as convenient as it would be if we lived in Seattle.
Vince Tasso
Vince Tasso
18:29 11 Feb 19
Mike helped me with my first condo purchase. He was great through each step of the process and even attended the signing with me in-person. He's very knowledgeable and open to discussing all questions any time! I would highly recommend him to anyone in the Seattle area looking to buy a home!
Pete Larsen
Pete Larsen
15:07 12 Oct 18
I just can't say enough good things about Mike Peacore and his dedication to his clients. Mike found us financing after a bitter experience with a high profile broker who turned us away after glancing at our financials: the issue being years of self-employment. With Mike's assistance, we were able to follow our strategy of buying a smaller place before marketing our existing home. Five stars aren't enough!
Andrew Tasso
Andrew Tasso
20:10 07 Oct 18
In short, Blue Square Mortgage was the driving force on my home closing. Mike, at Blue Square Mortgage was referred by a friend who had worked with Mike on prior home purchases. Mike worked tirelessly with my fiance and I to ensure that we were getting the best possible mortgage rate for our first home purchase. His business acumen and industry experience was easily identified in our first phone call, where he explained the in's and out's of lender proceedings for a first time home buyer. Mike is an expert is what he does, and brought a very personal touch to a transactional process. There is no doubt I will be working with Mike and Blue Square Mortgage again when the time comes to purchase a new home.
Wendi Bernard
Wendi Bernard
16:26 13 Sep 18
We have worked with Mike Peacore of Blue Square Mortgage multiple times in the purchase of our home and subsequent refinancing. At every step of the process, Mike was knowledgeable, supportive, professional and efficient. When we buy our next home, Mike will be our first call. We highly recommend Mike Peacore of Blue Square Mortgage.
William Rodgers
William Rodgers
21:39 11 Sep 18
Mike was well prepared, honest, and very customer focused. Love working with him.
Erik Murphy
Erik Murphy
20:25 07 Sep 18
Blue Square Mortgage has helped us secure a couple new home loan and refinance our existing loans. I know I can count on Mike Peacore to diligently track down all the required paperwork and make the loan happen. Mike is very helpful and knowledgeable about rates and loan options. I highly recommend Blue Square Mortgage.
mike bon
mike bon
22:36 23 Aug 18
Mike is extremely professional, knowledgeable, straightforward and a great communicator. I have known and have worked with Mike for 25+ years. He is driven to accomplish all your needs and goals. Both new and returning clients stay with Mike and highly recommend him. Mike is easy to recommend to others for all their mortgage needs!
Caroline Miceli
Caroline Miceli
23:00 10 Aug 18
I really enjoy working with Mike--he helps keep the mortgage and borrowing intimidation factor to a minimum, and it becomes much less confusing. I've called him to just talk through the market and what may be possible in terms of future borrowing. For our last home purchase Mike was great at searching for the best rates and loans for us and he even advising us to hold off for a few days as even better rates may be around the corner--and they were! We locked in a great interest rate as a result!
C O
C O
00:27 06 Aug 18
I've worked with Mike multiple times on loans and refis over the last few years. The experience has always been fantastic and I've recommended him to other friends and colleagues.
J Cordick
J Cordick
22:02 30 Jul 18
I have used Blue Square for years and Mike is consistently up to speed on rates, what banks/credit unions are doing and why to use certain ones and not others, and always helpful. He will not only coach you through the process, but if you are not an attorney and are not super detailed, this is your company. He makes sure you understand (in regular terms) what the sheets are for and how the process works....GREAT experience.
Kassandre Aytch
Kassandre Aytch
21:20 26 Jun 18
I used Blue Square Mortgage (Mike Peacor) back when I first bought my house and he also just helped me complete my refinance. He is so incredibly helpful and a pleasure to work with. It was my first refinance and he is so knowledgeable and able to answer all of my questions. He stays on top throughout the whole process and his communication is right on point. He is just a really really great person to work with!!
karl vogel
karl vogel
04:14 14 Nov 17
Mike is top notch when it comes to your loan experience. Knowledgeable and prompt with his response. It makes buying a home very easy!
Mozzie Pants
Mozzie Pants
16:09 18 Feb 15
"Mike has worked with us two times, both times he did an outstanding job! He acted quickly and got us the results we were looking for in a crazy market! Mike was willing to come to us for paperwork at odd hours that accommodated our busy schedules. He made the process enjoyable and easy."
Deborah Fields
Deborah Fields
23:49 19 Sep 13
I would like to highly recommend Mike Peacore and Blue Square Mortgage for the exceptional service and finishing two mortgages for me in the last six years.Mike helped me get my first mortgage on a townhouse in Puyallup and then fast forward to this year when I became eligible for a HARP (re-finance) loan he made it happen. Originally I had gone to Wells Fargo (the loan holder) but after 4 months of wasted promises, I called Mike - and all the reasons Wells said I couldn't qualify and they couldn't make it happen - MIKE DID IT!I should have called Mike in the first place, but thought I had to go to the current loan holder - Silly me - he got me a great rate, he was informative, patient and gave it everything he had to make this happen. He got done in TWO MONTHS what Wells could not do in four...Don't go anywhere else - if you need assistance with your mortgage, first home, investment property, re-fi - whatever. Mike can help you!
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Michael Sadowitz
Michael Sadowitz
20:50 16 Nov 24
Mike made the mortgage process as pain free as possible! My last mortgage application experience was anything but -- I remember being on the phone with the loan officer constantly, always needing to push things along, correct errors, and generally being constantly frustrated. I felt confident leaving everything in Mike's hands. But Mike was always available at a moment's notice to answer any questions and to grease the wheels. He dealt with sometimes difficult situations so we didn't have to. Mike is well worth every penny! Thank you, Mike!
Eric Bivoino
Eric Bivoino
00:03 29 Oct 24
i contacted Mike because i was interested in purchasing my first home. He was helpful and easy to talk to which i find incredibly important and i could really tell he cared about what is best for me. his vast knowledge really helped me learn a lot in taking my next steps.
Jacob Boundy
Jacob Boundy
15:46 22 Oct 24
Mike is incredibly knowledgeable and super helpful. I needed help with a second mortgage refi, on a rental property. He took the time to help me even after I ended up using my credit union that I already had a relationship with. When it comes time for us to buy another property Mike is our man!
Gwen Han
Gwen Han
23:28 10 Sep 24
Mike offered the most competitive refinance program with the lowest interest rates and no closing costs for us. He was very helpful, responsive, and is definitely our go-to if we require his services again. We will be recommending him to friends and family!
David Hazen
David Hazen
16:40 09 Jul 24
We had a unique non-conventional situation, and Mike found options for us very quickly. He's collaborative, problem solving, and generous with his time and expertise - carefully explaining all the ins and outs of the scenarios and options. Extremely capable, and quick results - we highly recommend.
Claire Nelson
Claire Nelson
20:31 02 Dec 23
Called Michael Peacore to see if I was qualified for a home loan- he was very attentive to my needs and made so much time for me. He was prompt with the information provided and I will definitely use him with any questions or business moving forward. Thanks so much Mike.
Douglas Aho
Douglas Aho
18:19 16 Oct 23
Mike has proven invaluable in my first-time home-buying experience. I've had many questions about many aspects of the process, and he's always been ready with an answer. He is prompt, informative, and resourceful. If and when I do this crazy, property-purchasing ritual again, it'll be him I message.
Henry Yates
Henry Yates
01:50 28 Aug 23
Mike Peacore and Blue Square Mortgage were great. The current process for obtaining a mortgage is daunting with increasing additional scrutiny from lenders amid a rising interest rate environment. Mike was with us all the way through the process, pointing out ways in which we could speed the process and save money through it all. He was always available, even nights and weekends and worked diligently to get us answers to questions we asked. I highly recommend Mike and Blue Square and if I ever need another mortgage, will call on him. He provides the sort of customer service you don't see anymore. He is fantastic!
Andrew Steelsmith
Andrew Steelsmith
20:31 07 Aug 23
We had a great experience working with Mike, and successfully completed a cash-out refi under less than ideal circumstances. He was communicative and professional, and rolled with the punches as we trudged through this while giving birth to our second kid. So far, Mike is the best mortgage lender in Seattle that we’ve worked with.
Bob Enkeboll
Bob Enkeboll
02:55 28 Jun 23
I contacted Mike for advice on refinancing my mortgage and found him extremely knowledgeable and helpful. He responded quickly and answered my questions and concerns in a clear and straightforward manner. He was very easy to talk with and I feel very confident in his advice and recommendations. I definitely recommend him for your mortgage needs.
Amanda Wolff
Amanda Wolff
18:45 11 Apr 23
Mike Peacore is the most helpful person I have ever met. We were first time home buyers in 2020 and Mike talked us through everything. He would send us a document and instead of us reading through it alone, he would call us and go through it together. Every step was so easy with Mike. When we were confused about anything or had questions Mike was there with an answer or the connections to find the answer. AND...This week 3 years after we bought our home, we had questions about our escrow and property taxes. We called Mike and a problem we dealt with for over a year was settled in a few hours because Mike is that good. He is kind, helpful, resourceful, and even gave me a recipe when I told him I liked to bake but am newly GF. He is just an amazing person, and your home buying experience will be smooth sailing if you use Mike at Blue Square Mortgage.
Dylan Mehrer
Dylan Mehrer
16:10 16 Mar 23
Mike guided me through the process of buying my first home, and made it easy. He was able to share his knowledge in a way that was easily understandable for someone like me who didn't know where to start.
Bill T
Bill T
03:59 23 Feb 23
Stellar customer service..!! Mike is professional, very responsive and thorough. Thank you for a job well done!
Megan
Megan
14:14 01 Feb 23
Mike was very knowledgeable and kind about the homebuying process. He slows down and communicates such a complex process in a way that the average person can understand. Home Buying can be very stressful, but with Mike helping you a lot of that stress is taken away! Highly Recommend his services :)
MA Hubbard
MA Hubbard
19:41 30 Aug 22
Mike with Blue Square, a really great communicator, ushered us through a long process to qualify for a mortgage loan and we couldn’t be happier with the outcome and his responsiveness and patience. Thank you Mike!
Jason McGriff
Jason McGriff
21:59 26 Aug 22
Mike is 100% the person you want to go too for your mortgage needs. I had a tough lending situation and he did not stop working on my case until he was able to resolve my lending requirements. He will dig in and research for the best mortgage options for your specific situation and needs. I love to work with someone like Mike. He really put forth time and effort as if he was getting himself a mortgage. 5 stars for Mike all day.
Emily Wing
Emily Wing
23:00 05 Aug 22
We refinanced our mortgage with Mike and recommend him highly! He found us by far the best rate around, and walked us through every step of the process in a friendly and accessible manner. He explained things to us when needed, and was always thinking a step ahead to make sure the process went smoothly and there were no surprises. We feel lucky to have worked with him. Thank you, Mike!
Edrienne Chan
Edrienne Chan
03:49 08 Jun 22
Mike was super helpful in my quest for more understanding of real estate investment. Extremely informing and really wanted to educate. He listened well, and although my needs cannot be met at this lender, he was still happy to help. Very grateful to have given him a call
Kim Meyer
Kim Meyer
19:17 19 May 22
I have worked with Mike as a lender for several years. Our partnership with buyers, Mike as the lender and myself as the REALTOR are 100% successful and the buyers are consistently thrilled with results. Mike works hard to get the best rate possible for the buyers, helps educate everyone on market knowledge and helps make the process go smoothly from start to closing. The buyers that I work with appreciate having as much market information as possible - I find this is a great approach to helping buyers feel confident to find the best home for their housing needs/wants. I look forward to many more successful transactions with Mike!
Anton Cauthorn
Anton Cauthorn
01:41 14 May 22
Mike did an amazing job helping me set up a loan to purchase my home. Mike had a personal touch and it felt like I had someone on my team helping me the entire time. He got me a lower rate than the other lenders I was looking at going through and he made the whole process simple and easy. The best part was that we ran into a number of complications along the way and Mike worked hared to find solutions every time to make things work out smoothly. I highly recommend Mike and feel lucky to have found him to work with on my loan.
Danny Yang
Danny Yang
17:51 11 May 22
I had a smooth experience with Mike as a first time homebuyer. He walked me through the process and explained everything and made sure I understood it all. Made the entire process a lot easier and less intimidating than I thought it was going to be.
Dan Hoffman
Dan Hoffman
00:51 11 May 22
Mike helped me close on a very complicated loan and I would gladly use him again. He went above and beyond to guide us through the process and made sure I was informed every step of the way. If you work with Blue Square Mortgage you will receive as much assistance and guidance as you like up to and through closing. Thanks for your help Mike!
Martin Monteblanco
Martin Monteblanco
02:56 11 Apr 22
Mike was super helpful with the process of buying our first home .Definitely recommend for any first time home buyers .
Lucio Maldonado
Lucio Maldonado
23:05 21 Mar 22
Mike was excellent and extremely professional. I did not end up going with him, as he told me candidly when he could not beat a competitor's rate, and therefore told me to go with the competitor. Very refreshing. Thanks a lot, Mike.
Kathy Hattori
Kathy Hattori
22:14 03 Dec 21
This is our second time working with Mike and we could not be happier. Mike is personable, ethical, professional and absolutely knows his stuff. We had a wish list for our refinance (lower payments and interest rate plus funds to renovate) and he accomplished everything we wanted so we're thrilled. Mike's a treasure. Work with him.
Kristin Gardner
Kristin Gardner
17:35 03 Dec 21
Mike is an extremely professional and knowledgeable person to work with. He has assisted me in several different scenarios and because of his help I have been able to make an informed and beneficial decision. I cannot recommend working with him enough! He is thorough and quick with his work and utilized excellent resources to get the best results and answers for his customers. We will definitely be return and repeat customers.
Kristen Weber
Kristen Weber
19:35 17 Nov 21
I could not be happier with the rate and service that we got from Mike Peacore. He is super straight forward and gave us the best rates. He is very responsive and personable. I would highly recommend him.
Rosemary Le
Rosemary Le
06:51 23 Oct 21
As a first time home buyer, I really appreciate how transparent and patient Mike was. Even before he knew that I would choose him as my mortgage broker, he was willing to walk me through every single aspect of the home buying process and let me know what to expect from other brokers/lenders. I specifically told him to give me all the details, keep track of all of the milestones/deadlines, and provide frequent reminders. At first the information he provided was a little overwhelming, but he understood that I would ask a lot of the same questions down the road. The process went very smooth and even on signing day he offered to be there in person with me since my realtor was on vacation. In summary, I really appreciated the transparency, how he was never pushy for my service or if he needed anything from me, the clear and detailed information he provided, and the friendly and patient service that I received.
Emelie Montgomery-Jones
Emelie Montgomery-Jones
17:11 29 Sep 21
Mike, thank you so much for guiding me through the process of refinancing my investment property. I certainly would have been lost without you. If the situation arises, I will highly recommend you to others. Your expertise, advice and timely communication kept my anxiety levels low. I am extremely happy with the outcome.Sincerely,Emelie MJ
Stefan Muehleis
Stefan Muehleis
18:26 17 Sep 21
I refinanced with Mike and everything went very fast, smooth and flawless.Not to mention that I got the best rate out there. Excellent job!!!
Leon Liu
Leon Liu
22:40 03 Jun 21
Mike helped us to close a refinance process effectively:- Mike identified a good program for our rental property. We managed the entire process remotely.- Refinance closing was fast. Faster than our new purchase loan earlier this year.- Great communication, very responsive and accurate.- Would recommend to friends and work with Mike again.
Mark Kilcup
Mark Kilcup
23:43 26 Jan 21
Duncan Wray was an absolute professional to work with during this process. They had a super competitive rate and were able to work with the VA on my refi. I recommend Duncan and his team!
Scott Matlock
Scott Matlock
23:01 23 Dec 20
Max at Team Blue Square was extremely helpful and positive during my entire refinance process. We had a few hurdles along the way, but he was always positive and super responsive to all of my questions. Not only did he lock me in at a great rate, but I was continually impressed by his knowledge and accommodating attitude. He was a true professional, and you can tell he truly cares about customer service. Couldn't be happier with how everything turned out. 5-stars!!!!
Tamara Atkins
Tamara Atkins
17:03 01 Sep 20
This was our 3rd time financing/refinancing with Mike Peacore. As always, he was so professional, expedient, and helpful. Everything went smoothly with Mike guiding the process the whole way to closing. Have referred him to many friends!
Justin Lonergan
Justin Lonergan
04:42 20 Aug 20
Sean was fantastic through our VA refi. Blue Square's rates were the most competitive of the companies I screened, and the application could not have been easier. I probably spent less than 5 total hours on the refinance, saved my family hundreds per month, and I very much attribute that smooth process to Blue Square's and Sean's attentiveness. I have already recommended them to peers and would wholeheartedly recommend giving them a call to see what they can do for you.
RD Kent (RDK)
RD Kent (RDK)
03:44 20 Aug 20
Very responsive, friendly, and helpful. Excellent experience!
Jeremy Kirsch
Jeremy Kirsch
01:54 20 Aug 20
I just closed and recorded and I wanted to thank Kathy S. for her excellent service and support and for giving me the best deal ever. I am getting looks of disbelief when I tell people, especially those with conventional loans who can’t even come close!With Kathy, every question was answered and there were no surprises, except the good kind. No weirdness, everything disclosed.I've purchased and sold and refinanced a number of times, it's usually a stressful experience even without having to move. Not this time.Prior to dealing with Kathy and Blue Square, I had previously used a broker a couple of times before, whom I considered excellent and I was very happy with. With that said, if I ever need another loan, I will come to Kathy and Blue Square first. Without a doubt.And I will be recommending Kathy to anyone who needs a loan, especially those in the VA IRRL category.Again, thank you Kathy for all you did!
manjusha n
manjusha n
00:58 11 Jul 20
Spoke to Mike Peacore about Home purchase mortgage. He was very responsive and helpful. I was shopping around for rates and he gave a quote and gave me tips on getting better rates. He really cares about his clients and great to talk to. I highly recommend Blue Square Mortgage for good interest rates and Mike for his outstanding service. Thank you!
Kevin Hoy
Kevin Hoy
17:18 05 Jun 20
I contacted Blue Square based on a Google search for VA IRRRL. Mike was very helpful in explaining the parts of the refinance process to me and helping me understand not only what everything means but also how and why he is able to offer lower rates than most of the big name lenders. I look forward to doing business with Mike again.
Andrew Gray
Andrew Gray
00:08 23 May 20
As a first time home buyer, I feel extremely lucky we went with Mike at Blue Square as our mortgage broker. He was professional, thorough, and more than happy to answer all of our questions about the process. His rate and fee estimates were considerably lower than other lenders we considered. He worked nights and weekends during the closing process and we wound up closing early. I look forward to working with him on a refi and eventually our next home purchase!
Rob Luecke
Rob Luecke
15:29 05 Mar 20
I am in the business and have done over 1,000 real estate transaction, have several rentals and Mike did a bang up Job.
Lana Zielke
Lana Zielke
06:15 12 Jan 20
I found Mike online by searching online to see what mortgage brokers came highly recommended in the Seattle area. I was not disappointed! He worked fantastically with my real estate agent. Made the whole process super simple. And not only did we close on time, we closed early (25 days after our offer was accepted)!! He negotiated the PMI with the lender based on credit score so I have an incredibly low monthly PMI! And in the week of escrow, my monthly payment came down by about $40. I couldn’t be happier with his service. He was quick, attentive, very responsive, and easy to work with. I highly recommend him!
Kyle Acheson
Kyle Acheson
18:44 31 Dec 19
Mike was great to work with. He really helped us through the process and answered all of our questions timely and thoroughly. Would work with again.
Jeffrey Bley
Jeffrey Bley
18:49 20 Dec 19
Mike Peacore was thorough and very helpful in getting me a competitive rate. He always kept me up to date on the current status, and was more than happy to help explain things to me when there was something I didn't understand. I was able to make informed decisions and I was very happy with my refinance. Thanks Mike!
Michael Medvedev
Michael Medvedev
03:59 18 Dec 19
Great and unique service! Thank you so much!!! Would recommend to anybody!
Steven Jones
Steven Jones
22:23 25 Nov 19
You couldn’t ask for a better guy to do a home refi with! Mike Peacore did a wonderful job,we closed in about 6 weeks! He made it easy and very stress free! He went out of his way to let me know what was going on at all times! He worked with me way after the regular 8 to 5 business! He is a great guy and does great work! I couldn’t even imingae going with anyone else after working with him! You won’t be disappointed if you go with Mike Peacore at blue square Mortage! I will definitely be telling my friends and family about him! I will call him for my next refi! Thanks for everything Mike! You are the man!!!
KenG
KenG
17:07 19 Aug 19
Mike goes over and above. I needed help with refinancing a rental property in Chicago. Even though he couldn't service a property in IL, he was super responsive and went out of his way to find a solution and referral for me. Loved his commitment to service and highly recommend.
Jennifer Teunon
Jennifer Teunon
22:34 05 Mar 19
Mike Peacore was incredibly professional and easy to work with. During our recent refinance, we weren’t sure of our exact timeline, and he never pressured us to move forward before we were ready. Once we did make a decision, he helped us act quickly and secure a good rate. Throughout the entire process, Mike was always accessible and responsive, friendly, and constantly looking out for our best interests. I would highly recommend Mike and Blue Square Mortgage.
B Larson
B Larson
17:54 18 Feb 19
Mike Peacore at Blue Square Mortgage helped make the refinance process hassle free. He has great rates, provided fast service, quick responses to our questions, and accurate information about the process and specific details. Mike is knowledgeable about all the things we needed to know about market values and mortgages. We live in Bellingham--90 miles north of Seattle--but that distance was a non-issue. It was as convenient as it would be if we lived in Seattle.
Vince Tasso
Vince Tasso
18:29 11 Feb 19
Mike helped me with my first condo purchase. He was great through each step of the process and even attended the signing with me in-person. He's very knowledgeable and open to discussing all questions any time! I would highly recommend him to anyone in the Seattle area looking to buy a home!
Pete Larsen
Pete Larsen
15:07 12 Oct 18
I just can't say enough good things about Mike Peacore and his dedication to his clients. Mike found us financing after a bitter experience with a high profile broker who turned us away after glancing at our financials: the issue being years of self-employment. With Mike's assistance, we were able to follow our strategy of buying a smaller place before marketing our existing home. Five stars aren't enough!
Andrew Tasso
Andrew Tasso
20:10 07 Oct 18
In short, Blue Square Mortgage was the driving force on my home closing. Mike, at Blue Square Mortgage was referred by a friend who had worked with Mike on prior home purchases. Mike worked tirelessly with my fiance and I to ensure that we were getting the best possible mortgage rate for our first home purchase. His business acumen and industry experience was easily identified in our first phone call, where he explained the in's and out's of lender proceedings for a first time home buyer. Mike is an expert is what he does, and brought a very personal touch to a transactional process. There is no doubt I will be working with Mike and Blue Square Mortgage again when the time comes to purchase a new home.
Wendi Bernard
Wendi Bernard
16:26 13 Sep 18
We have worked with Mike Peacore of Blue Square Mortgage multiple times in the purchase of our home and subsequent refinancing. At every step of the process, Mike was knowledgeable, supportive, professional and efficient. When we buy our next home, Mike will be our first call. We highly recommend Mike Peacore of Blue Square Mortgage.
William Rodgers
William Rodgers
21:39 11 Sep 18
Mike was well prepared, honest, and very customer focused. Love working with him.
Erik Murphy
Erik Murphy
20:25 07 Sep 18
Blue Square Mortgage has helped us secure a couple new home loan and refinance our existing loans. I know I can count on Mike Peacore to diligently track down all the required paperwork and make the loan happen. Mike is very helpful and knowledgeable about rates and loan options. I highly recommend Blue Square Mortgage.
mike bon
mike bon
22:36 23 Aug 18
Mike is extremely professional, knowledgeable, straightforward and a great communicator. I have known and have worked with Mike for 25+ years. He is driven to accomplish all your needs and goals. Both new and returning clients stay with Mike and highly recommend him. Mike is easy to recommend to others for all their mortgage needs!
Caroline Miceli
Caroline Miceli
23:00 10 Aug 18
I really enjoy working with Mike--he helps keep the mortgage and borrowing intimidation factor to a minimum, and it becomes much less confusing. I've called him to just talk through the market and what may be possible in terms of future borrowing. For our last home purchase Mike was great at searching for the best rates and loans for us and he even advising us to hold off for a few days as even better rates may be around the corner--and they were! We locked in a great interest rate as a result!
C O
C O
00:27 06 Aug 18
I've worked with Mike multiple times on loans and refis over the last few years. The experience has always been fantastic and I've recommended him to other friends and colleagues.
J Cordick
J Cordick
22:02 30 Jul 18
I have used Blue Square for years and Mike is consistently up to speed on rates, what banks/credit unions are doing and why to use certain ones and not others, and always helpful. He will not only coach you through the process, but if you are not an attorney and are not super detailed, this is your company. He makes sure you understand (in regular terms) what the sheets are for and how the process works....GREAT experience.
Kassandre Aytch
Kassandre Aytch
21:20 26 Jun 18
I used Blue Square Mortgage (Mike Peacor) back when I first bought my house and he also just helped me complete my refinance. He is so incredibly helpful and a pleasure to work with. It was my first refinance and he is so knowledgeable and able to answer all of my questions. He stays on top throughout the whole process and his communication is right on point. He is just a really really great person to work with!!
karl vogel
karl vogel
04:14 14 Nov 17
Mike is top notch when it comes to your loan experience. Knowledgeable and prompt with his response. It makes buying a home very easy!
Mozzie Pants
Mozzie Pants
16:09 18 Feb 15
"Mike has worked with us two times, both times he did an outstanding job! He acted quickly and got us the results we were looking for in a crazy market! Mike was willing to come to us for paperwork at odd hours that accommodated our busy schedules. He made the process enjoyable and easy."
Deborah Fields
Deborah Fields
23:49 19 Sep 13
I would like to highly recommend Mike Peacore and Blue Square Mortgage for the exceptional service and finishing two mortgages for me in the last six years.Mike helped me get my first mortgage on a townhouse in Puyallup and then fast forward to this year when I became eligible for a HARP (re-finance) loan he made it happen. Originally I had gone to Wells Fargo (the loan holder) but after 4 months of wasted promises, I called Mike - and all the reasons Wells said I couldn't qualify and they couldn't make it happen - MIKE DID IT!I should have called Mike in the first place, but thought I had to go to the current loan holder - Silly me - he got me a great rate, he was informative, patient and gave it everything he had to make this happen. He got done in TWO MONTHS what Wells could not do in four...Don't go anywhere else - if you need assistance with your mortgage, first home, investment property, re-fi - whatever. Mike can help you!
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