Pacific Property Loans’ Blog

Happy Thanksgiving!

We are thankful for our clients! Happy Thanksgiving to you and yours from our team at Pacific Property Loans!
You may have questions, and we have answers for you. Loan terminology can be confusing to navigate, but we break it down for you so that you can understand everything and get the best possible loan option for you. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
Our Home Loan Process: 1. Have Pacific Property Loans Pre-Approve You! 2. Loan Application 3. Select Your Loan Program 4. Processing and Underwriting 5. Loan Approval 6. Close the Loan 7. Relax Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
We can help you finance apartment buildings, mixed use buildings, and industrial buildings. We can also provide bridge loans when needed. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Loan Terminology FAQs

Loan terminology: What is an Acceleration Clause? Condition in a mortgage that gives the lender the right to require immediate repayment of the loan balance if regular mortgage payments are not made or for breach of other conditions of the mortgage. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
Check your credit report and dispute every error you find. Limit how much you apply for credit. Pay your bills on time. Pay off your credit card balances. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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.
Pacific Property Loans is proud to help clients become new homeowners. We understand that each client’s circumstances are unique. Our veteran Loan Officers take an advisory approach to meet your mortgaging needs. Let us help you own your dream home today. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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
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.
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
We Can Close Your Loan Fast! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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
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.
You have questions about home loans and we can provide you with answers! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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
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? 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.
The housing market is still a seller’s market right now, and it’s best if you don’t try to go it alone. If you need help to find the right home at the right price our experts can help! Learn More>>>PacificPropertyLoans.com Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
Some experts believe the rising mortgage rates will shake things up and push housing prices down. However, Freddie Mac estimates the nation is 4 million homes short of current buyer demand, so 2022 may shape up to continue to be a seller’s market. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
You may want to hurry to sell because of potentially rising interest rates in 2022, but you need to ask yourself if selling is the right decision for you right now. We can help>>> http://www.pacificpropertyloans.com/ Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Best-in-class service!

We offer our best-in-class service while providing a variety of mortgage products that are tailored to meet your individual home and financing needs. So whether you are buying, selling, or searching we give you the assistance you need to make the right decisions and get the best value. http://www.pacificpropertyloans.com Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.  
A debt-to-income ratio is used to determine how much you qualify for. You may qualify for more of a mortgage than you need, although we don’t recommend exceeding 46% of your monthly income. Use our mortgage calculator to estimate your monthly payment>>> http://www.pacificpropertyloans.com/ Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
If you have been thinking about purchasing a home, you know how competitive the market has been. This is where a mortgage pre-approval letter may come in handy! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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
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! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
You have questions about home loans and we can provide you with answers! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
The home loan process can seem daunting to new home buyers, but we will help you break it down. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
There are loans for you even though you may have a lower credit score. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.
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
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.