Category: Loan Financing

Get Prequalified Today!

Posted on by Pacific Property Loans

What does pre-qualified mean? Pre-qualification is a quick process where home buyers supply a mortgage broker or lender with their overall financial status, including assets, debt, and income. We can pre-qualify you without pulling credit and offer a same day pre-approval!

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Understanding Reverse Mortgages

Posted on by Pacific Property Loans

This type of mortgage is suitable for older homeowners, allowing homeowners to convert a part of their equity to cash without selling the property. Although it does not require monthly mortgage payments, homeowners earn an advance on the amount of their home equity. The money received is non-taxable and will not affect Social Security or Medicare benefits.

However, if the last surviving borrower becomes deceased, the loan must be repaid.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Commercial Loans Are Available!

Posted on by Pacific Property Loans

We are your experts for Commercial Loans to help you finance apartment buildings, mixed-use buildings, and industrial buildings. The loan is extendable to allow a business to meet operational needs. However, companies must offer collateral, usually in the form of property, in the event of bankruptcy.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Understanding Adjustable Rate Mortgages

Posted on by Pacific Property Loans

This type of loan is attractive for first-time home buyers looking for a larger house and lower payments or investors who want to use leverage. However, on the flip side, monthly payments can skyrocket if interest rates go up. If your income has not increased since purchasing the property, or if the property will not debt service, you may struggle to afford the payments.
Talk to us, and we’ll help you plan and choose your desirable loan program.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Shopping For Your Dream Home?

Posted on by PHBINC

While it can be fun to shop around and see what is available on the market, it is a lot more exciting to shop for homes that you KNOW are within your approved loan amount.

Getting pre-approved by a lender is a crucial step in the home buying process as it helps you know how much you can afford before you begin the search.

Get pre-approved today!

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Do You Qualify For A VA Loan?

Posted on by PHBINC

The US Department of Veteran’s Affairs (VA) Loan allows qualified veterans to buy a home with certain benefits such as no down-payment and flexible loan options.
 
This loan option can help you get into the dream home you deserve. Thank you for your service!
 
Learn more about our loan options at http://www.pacificpropertyloans.com/loan-programs/

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Avoid These 3 Things!

Posted on by PHBINC

Three things to avoid before getting a mortgage:

AVOID CLOSING OUT ANY CREDIT LINES

Closing credit lines removes payment history which makes up 35% of your credit score. Closing out any accounts can drop your credit score.

AVOID DECLINING INCOME

Declining income can knock you out of qualifying.

AVOID LARGE DEPOSITS 2 MONTHS BEFORE STARTING ESCROW.

Lenders want you to be able to source where your money is coming from.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Don’t Over Pay On A Home

Posted on by PHBINC

Don’t overpay on a home and stretch your budget too far!

There is nothing more important than the person you choose to finance you when purchasing a home. We will explain the process of buying your new home, guide you through all the ups and downs, and get the transaction closed on time.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Shopping For A Home Loan?

Posted on by PHBINC

Shopping for a home loan? Getting a home loan doesn’t have to be overwhelming or scary. We break down the home loan process with a flowchart on our site. You can always call and speak with one of our experts if you have any questions.

See how the loan process works >>>

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Start Shopping For Your Dream Home

Posted on by Pacific Property Loans

While it can be fun to shop around and see what is available on the market, it is a lot more exciting to shop for homes that you KNOW are within your approved loan amount.
Getting pre-approved by a lender is a crucial step in the home buying process as it helps you know how much you can afford before you begin the search.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Jumbo Loans Available

Posted on by Pacific Property Loans

Available on 15 & 30 year fixed loans with up to 89.99%* loan to value and no mortgage insurance required.
Prime Jumbo details include:
  • 30- and 15-year fixed up to $2million
  • Available on loans with an Loan To Value up to 89.99%*
  • Maximum Debt to Income ratio is 45%*
  • Minimum FICO score is 680*
  • No Mortgage Insurance (M.I.) required
  • Available on purchases and cash-out and rate/term refinances
  • Primary and secondary residences or investment properties
  • No extra reserves required
  • Minimum loan amount $1 over county loan limit
  • Only one appraisal required for loans up to $1.5M

Get into your dream home more quickly with a Jumbo loan!

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

* Subject to borrower approval and credit qualifications.