Helping You Achieve Your Dreams Since 1992

W.J. Bradley Mortgage Capital Corp.

Steve & Janey Salveson

W.J. Bradley Mortgage Capital Corp.

Since 1992
Licensed in Oregon, Washington and 16 other states.
www.wjbradley.com 1.503.716.5910

W.J Bradley Mortgage Capital Corp.

Recognized as a leader in mortgage banking, W.J. Bradley offers in house underwriting, loan documents and same day loan funding. With local loan processing in our Beaverton office, we are able to offer the highest level of customer support to our Borrowers and our Realtor partners. From the inception of W.J. Bradley Mortgage Capital Corp, we have successfully developed a company that is driven by experience, has a positive culture with a demand for excellence while still being a fun place to work.

W.J Bradley Beaverton Branch 16100 NW Cornell Rd Suite 210 Beaverton, OR. 97006 Main 503.716.5910 Stephen & Janey Salveson Sr. Loan Officer Branch Manager 503.716.5910

Stephen & Janey Salveson Senior Loan Officers Branch Managers

Stephen Salveson GRI, CRMS

Direct: 971.250.4510 Cell: 503.939.9437 Email: ssalv@wjbradley.com Web: www.mywjb.com/stephen-salveson
MLO-88726 ML-137 NMLS-88726 Co NMLS 15261

Janey Salveson, Senior Loan Officer

Direct: 971.250.4511 Cell: 503.913.3021 Email:janey@wjbradley.com Web: www.mywjb.com/janey-salveson
ML-137 NMLS-227589 Co NMLS-15261

Team Salveson
Steve Salveson Loan Officer and Branch Owner/Manager, has over 25 years of experience in Real Estate financing including 6 years as a Licensed Realtor in Oregon. Steve received his GRI, Graduate Realtors Institute in 1980 and his CRMS, Certified Residential Mortgage Specialist in July of 2007. Both are prestigious National degrees signifying his dedication to excellence in his career. With 10 years of mortgage experience Janey co-manages their Branch Office of W.J Bradley Mortgage Capital Corp. In addition, she writes loans and is also instrumental in attending to the details of all their loans. Usually leaving the loan structuring to Steve and then Janey steps in to handle the final details and gets the loan closed. As a team, they build off each of their strengths giving their customers service that would not usually exist from only one person. Beginning in 1992 alongside 2 partners, Steve was the Managing Partner in a small Hillsboro Mortgage company. After buying out one of the partners and moving to the West Portland Sylvan area in 1996, he changed the name of the company to Advanced Lending and subsequently bought out the remaining partner a few years later. Being the sole owner, manager and producing loan officer for 8 years was a lot of work but the company was successful, profitable and had a good reputation in the industry. Looking to reduce some of their corporate responsibilities, Steve & Janey merged Advanced Lending with Sunset Mortgage Co in 2008. Providing additional closed loan volume to Sunset which in turn helped spur their growth. With Sunset assuming most of the corporate responsibilities this allowed Steve & Janey to do what they does best and that is working directly with Borrowers. In June of 2011, Sunset Mortgage along with Steve & Janey merged with WJ Bradley Mortgage Capital Corp, a larger private mortgage Banker. In addition to providing some additional loan programs, this merger also brought an increase in technology allowing Steve & Janey even more tools to help their borrowers. Closing the loan is important, but closing the right loan that is properly structured for each Borrowers personal situation in a timely manner is what they excel at. Closing the loan in such a manner that generates 110% borrower satisfaction is Steve & Janeys primary concern, resulting in a steady stream of Referrals from each borrower. If you are considering purchasing real estate or looking to refinance an existing loan, call Steve or Janey. Take advantage of their combined 35 years of experience and enjoy the benefits of having two loan officers working for you to achieve your goals and objectives.

Call Steve 503.971.4510 or Janey 971.250.4510 today and learn how they can help you!

Stephen Salveson,
Husband, Dad, Fisherman
Except for some extended travels in his early 20s, Steve has lived in Hillsboro since 1955, not willing to leave the Maritime Pacific Northwest he so loves. He and his wife, Janey Salveson have 3 daughters. Josephine, the youngest, graduated from High School as a Junior and is pursuing a Nursing Degree. Austyn the middle daughter is attending Oregon State University and plans to continue on to the OSU School of Veterinary Medicine. Averina, the oldest daughter, a Graduate of University of Oregon with 3 majors and 3 minors and plans to continue on to law school and ultimately practice international law. Buying his first home at 22 and his first rental at 24, Steve spent many years as a Realtor and landlord, owning a single family home as well as two & three unit rental properties and a condo at the beach. Except for their current home, Steve & Janeys only other current Real Estate holding is a 1/3 interest in a beach house in Netarts and they like it that way. An avid angler, Steve spends most of his spare time fishing. Everything from Salmon on the Willamette and Columbia Rivers, to Halibut and Bottom fish in the Pacific Ocean. His first Tuna trip in 2005 made such an impact; he now makes several trips each year often traveling 40 miles offshore to catch Albacore Tuna. Captain of several fishing teams Steve has won the prestigious Willamette Salmon Quest as well as winning and setting a new tournament Record in a long running private Salmon tournament in Tillamook Bay. Retired from tournament fishing, Steves favorite fishery is bobber fishing for fall Chinook salmon in the tidewater portion of many of our coastal rivers, catching Large Fall Chinook up to 40 - 50 pounds each year. Crabbing the coastal bays, clamming the north coast beaches and hunting fall mushrooms in the coastal hills fills out the balance of his outdoor activities. A man of his word, Steve prides himself in still making transactions based on a handshake and strongly believes that your word is your bond and that a reputation of being an honest stand up person is one of the most important things in the world.

Janey Salveson,
Wife, Mother and The Real Boss
Janey uses her 10 years of mortgage experience to write loans, attend to the details of all their loans, and is active in the day to day operations of their branch office. A native of Oregon she was born and raised in the Portland metro area. Janey decided to get into the mortgage business because she wanted to help people make informed decisions with one of the largest investments they will make in their lifetimes. She is very passionate about making sure people understand their options in the mortgage process. And works very hard to ensure loan process goes smoothly for all involved. Janey & Steve have been together for 10 years during that time she has come to love the outdoors as much as he does. Janey often accompanies Steve to fish, clam and crab the bays and rivers of Oregon as well as trips out into the ocean for salmon, halibut and tuna. They enjoy being together, be it fishing for salmon or brainstorming on how to overcome difficult obstacles and get a challenging loan closed. Being a wife and mother, Janey has the experience and patience necessary to calmly deal with even the most stressful times; be it landing a large salmon, calming the office down or dealing with difficult underwriting conditions, it is her calm strength that is the foundation of their team. Janey enjoys cooking, gardening and is learning to sew, crochet, and knit. Most recently she has spent time learning to harvest chanterelle mushrooms in the Coast Range and has been working on perfecting her and Steves recipe for smoked Oysters. Someone once said Behind every successful man is a good woman No one will be faster to agree than Steve that having Janey by his side has been paramount in the success of their mortgage business.

A few of the many comments from customers over the years

As a homebuilder I understand the importance of paying attention to detail. In the multiple loans Steve & Janey have done for us the details were always handled with professionalism and there were never any nasty surprises. Everybody that I have referred to them has also been very happy with the service and the loan they got. Brian and Carol Marek

We first met Steve through his involvement with NW Steelheaders. Over the last few years Steve and Janey have done multiple loans for us and we were always kept informed and the loan was closed exactly as promised and on time. They helped us structure each loan to match our needs and made the process easy and stress free. Shawn & Cindy MacDonald

Steve has done a couple of loans for us over the last few years. We were so happy with the way the whole process was handled that we have referred them to many of our friends and acquaintances. In every case, when we hear back every single person has nothing but good things to say about him. I would highly recommend him to anyone looking for a home loan. Jeff & Laurie Melberg

When we started to look for a house we were referred to Steve and Janey by our CPA. They worked with us to custom tailor the loan to meet our needs, they kept us informed, helped us make good decisions and worked hard to get us the best loan possible. Since then we have referred Steve and Janey to Marks brother and he also is very satisfied. We can recommend them to anybody looking for a home loan. Mark & Genet Friess

A few comments from Industry professionals

Steve Salveson has been my main go to lender for most of my 16 years as a Realtor. I thought I knew service until I had the opportunity to do business with Steve. The fact that he was a Realtor for 6 years coupled with his 20 some years of lending experience means he gets it. When I send a Buyer to see Steve, I know they will get the best loan, the best rate and very fair fees. I dont even bother to check anymore. It very nice not having to worry about my transactions closing and very seldom do I need to call and check status. Steve is extremely proactive about keeping me informed and as a matter of fact, I can honestly say that most of the time he has his loan docs to escrow a few days early. As a Lender, I think he is probably one of the best out there. Todd Crawford, Realtor John L Scott Realtors

As a Realtor, knowing my Buyers can get their financing is very very important to me. Almost anybody can do the loan with regular W-2 wage earners with good credit and a big down payment; however Steve & Janey have the skill, knowledge and experience to get the tough loans closed when nobody else can. When I send one of my Buyers to them, I know that if the financing is possible, they will get it done. In addition, when they compete with the Big Banks for the simple deals, quite often they is able to actually offer better rates than the banks can, and that is quite impressive. They communicate the loan progress to me without me having to hound them for an update, which is something I appreciate. My transactions close on time and it is not uncommon for them to have their loan papers to Escrow a few days early. Perhaps it is Steves 7 years as a Realtor that lets him appreciate what the transaction is like from my side, whatever it is, my buyers like them and they get the job done. Brad Young, Realtor Windermere Baldwin Realtors

I have had the pleasure of working with Steve and Janey Salveson for more than 12 years. Their Borrowers are very happy when they meet with me to sign their closing documents and have nothing but good things to say about doing business with Steve and Janey, as do the Realtors they work with. They communicate well; know what they are doing and their transactions go smoothly. I think Steves past Realtor experience coupled with many years of Loan Officer experience give him a heads up on his competition. From what I have seen, their customers get some of the best rates out there and their fees very average. Nobody is perfect and not every transaction goes smoothly, but with Steve and Janey, when an issue does come up, they are very timely in finding a solution without a lot of finger pointing or laying blame, they just gets it done. I can tell you I would recommend their services to anyone. Rita Pierson Branch Manager First American Title Co.

From Ifish.net, a fishing website Steve is active on

Steve aka Fishbait is what you want in a Mortgage broker! A broker who tells you to wait....hell be the only one you find. I have done quite a few loans through Steve & Janey and will continue to. I have referred a number of friends who will say the same thing....they are the best! And will go the extra mile for you!

I just wanted to give props to fishbait at advanced lending. He just got us thru a very hard home purchase that we closed on Tuesday. Very professional and will answer any and all questions and takes the time to explain everything, He and Janey worked very hard to finish this deal for me and it is much appreciated. If and when I go thru this process again he will be the first one I call for sure.

I recommend them to anyone that is looking to purchase or get advice on your next loan.

Steve i owe ya a toty the next time i see you for sure thank you I gladly approve this message Matt Fleming

fishbait helped my aging parents through a very tough loan when others were trying to take advantage of them. He is a true friend and a very up & up business man. I could not have trusted my parents to a better man! ~~ Thanks Steve!!! ~~ Yale

I would like to thank Steve (fishbait) and his staff for sticking with my wife and I through our home buying process. It has been a journey to say the least! I have dealt with them for well over a year, and have nothing but great things to say.

I believe that the closing of my home I sold was due to Steve helping my first time buyer through the hurdles of buying a home. He was able to finesse the deal all the way to the boat! They defiantly sell more than just loans, they sell service!

Just a note that when you see just honest answers and an honest deal that is what you get with Steve!! I compared him to all the radio lenders and after he told me two years ago he could not help me I went back for a refi... His team was AWESOME. .. We are so happy, He & Janey answered all of our questions and closed the loan with no problems, not to mention they saved us a car payment every month,,, A nice car too. If nothing else just hear him out, compare and choose. Your call but we are clients for as long as Steve * Janey are in business. Cheers and Tight Lines to Advanced Lending and Steve & Janey. I hope My fish is bigger than Yours!!!! Jim Keepers.

If any of you out there have contemplated either getting a new home loan or re-fi, let me tell you, its NO cake walk anymore. Financials, personal financials, tax returns, letters of correspondence supporting this or that. Believe me, unless you have the guidance necessary to push a loan through, chances are you wont get approved. However....I was fortunate to have Steve Salveson (aka Fishbait) on my side for a recent home acquisition and would highly recommend his services to anyone looking for a loan/re-fi. He provided specific instructions as to what was required and was able to guide my application through the gauntlet. (Plus, hes a fishing fool and you know we need to support our like kind!) Scott

PRE-APPROVAL VS. PRE-QUALIFICATION

A Pre-Approval presents a powerful tool for you toward the purchase of your new home with minimal surprises and disappointments. It presents you as a cash buyer to the seller.

Anyone who wants to buy a home today should go to their lender first. The understanding of how much can be borrowed presently reduces the possibility of disappointment later. The lender can provide guidance as to how to prepare and position you on a home that is currently out of your reach.

A realistic understanding of how much loan you can reasonably expect to qualify for is a good step toward the goal of homeownership and a letter of pre approval can be the mechanism that makes that happen. There is a distinct difference between a letter of pre-qualification and letter of pre-approval and it is important that youre aware of this distinction.

Pre-Qualification means there has been loan calculations made that show how much you may be able to borrow. While pre-qualification can reduce the processing time for home loans, indicate how much house you can afford and provide certain leverage in bargaining power, it doesnt necessarily guarantee that such a loan will, in fact, be made by the lender.

Pre-Approval means you have a loan waiting, subject only to finding the home and the home appraising at the sales price. The pre-approval letter represents an actual commitment on the part of the lender. In order to secure such a letter it is necessary to complete a formal loan application and pay the associated fees. Credit, salary and bank funds will be checked and if the loan is a good investment, the lender will issue a pre-approval letter, which provides a commitment for a limited period of time, subject to a satisfactory property appraisal and title search.

SOME ITEMS WE MAY NEED THROUGHOUT THE LOAN PROCESS

General:
Picture ID with Social Security Number. Payment to cover appraisal fee. Name and complete address of all landlords (past 2 yrs).

Income:
Employment history for the past 2 years. Copies of your most recent pay stubs and W-2 forms. Verification of other income (social security, child support, retirement). If you are self-employed: Copies of signed past 2 years tax returns including all schedules, and a signed profit and loss statement of the current year. If you are retired: Tax returns (past 2 years). If you have rental property income: Copies of all lease agreements.

Assets:
Copies of all bank statements from checking /savings accounts for the past 2 months. Copies of all stock/bond certificates and/or past statements/retirement accounts. Face amount, monthly premiums, and cash values of all life insurance policies

Creditors:
Credit cards (account numbers, current balances, and monthly payments), Installment loans (car, student, etc) Same details as for credit cards. Mortgage loans (property address, lender with address, account numbers, monthly payment and balance owed on all properties presently owned or sold within last 2 yrs). Bring proof of sale of properties sold. Childcare expense/support (name, address, phone number).

Other:
Bankruptcy - bring discharge and schedule of creditors. Adverse credit - bring letters of explanation. Divorce - bring your Divorce Decrees, property settlements, quitclaim deeds, modifications, etc. VA only - bring Form DD214 and Certificate of Eligibility. Retirees - bring retirement and/or Social Security Award Letter.

PROCESS OF APPLYING FOR A LOAN

Pre-Qualification and Pre-Approval
Many buyers apply for a loan and obtain approval before they find the home they want to buy. Why? Pre-qualifying will help you in the following ways: 1. Generally, interest rates are locked in for a set period of time. You will know in advance exactly what your payments will be on offers you choose to make. 2. You wont waste time considering homes you cannot afford.

Pre-approval will help you in the following ways:

1. A seller may choose to make concessions if they know that your financing is secured. You are like a cash buyer, and this may make your offer more competitive. 2. You can select the best loan package without being under pressure.

How Much Can You Afford?

There are three key factors to consider: 1. The down payment 2. Your ability to qualify for a mortgage 3. The closing costs associated with your transaction

Down Payment Requirements

Most loans today require a down payment of between 3.5% and 5% depending on the type and terms of the loan. If you are able to come up with a 20-25% down payment, you may be eligible to take advantage of special fasttrack programs and possibly eliminate mortgage insurance.

Closing Costs
You will be required to pay fees for loans processing and other closing costs. These fees must be paid in full at the final settlement, unless you are able to include them in your financing. Typically, total closing costs will range between 2-5% of your mortgage loan.

Qualifying for the Mortgage

Most lenders require that your monthly payment range between 25-28% of your gross monthly income. Your mortgage payment to the lender includes the following items: Principal on the loan (P) The interest on the loan (I) Property taxes (T) The homeowners insurance (I) Your total monthly PITI and all debts (from installments to revolving charge accounts) should range between 33- 45% of your gross monthly income. These key factors determine your ability to secure a home loan: Credit Report, Assets, Income, and Property Value.

Notes:

Sunset

NMLS 3233