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Our Blog Puts YOU in the Driver’s Seat

Helping customers like you achieve their financial goals is all we do, which is why we’re arming you with our expert insight, tips, and advice to help you get there.

American Pacific Mortgage

Recent Posts

It’s Time to Celebrate the Summer Olympics!

It’s been nearly five years since the last summer Olympics, so people are understandably ready for some action! Whether you’re more of a spectator or participant, there are plenty of ways to celebrate the summer Olympics in style—especially now that gatherings have resumed. 

So dust off your TV screen and backyard games, and get ready to celebrate the summer Olympics in new and creative ways!

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10 Ways to Win a Bidding War on a House

In today’s competitive housing market, there’s a good chance that your offer won’t be the only one a seller is entertaining. It’s not uncommon to hear sellers have more than 10 offers for one property . . . or that some buyers have put in offers on more than 20 homes, just to lose out time and time again.

In a market like this, it’s not enough to simply have your ducks in a row and walk in with a pre-approval. A market like this takes work if you want to win a bidding war. 

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What You Need to Know about Sales Price vs. Appraised Value

Like any other item for sale, the value of a home can be viewed two ways: the price you pay for a home, which can be the list price—or a higher or lower price depending on demand (in a hot market, the price may be above the asking price, while in a cooler market it might be below), and there’s the home’s appraised value. This is the price determined by a licensed professional home appraiser who will take many factors into consideration, including the home’s features, condition, improvements, location, and market trends. 

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Fun Facts About Independence Day!

July 4—also known as Independence Day in the U.S.—celebrates the adoption of the Declaration of Independence.  

You may have known that much, but there is so much more behind this beloved summer holiday, so let’s dive right in!

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Down Payment Assistance: The Difference Between Gift Funds, Grants, and Loans

Down payments can be one of the most daunting parts of the homebuying process. We all know, it’s a lot of money! Thankfully, you don’t necessarily have to drain your savings to come up with the sum. There are a few other ways to secure a down payment, including gift funds, grants, and down payment assistance programs.

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Buy A House with No Down Payment

Do you want to achieve the dream of homeownership but dread the looming down payment you’ll need? Figuring out how to come up with a down payment for a house can seem like a huge hurdle, especially for those with little to no savings.

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Have You Thought About Down Payment Assistance in Your State?

Believe it or not, there are many, many people who want to see you in the home of your dreams. We know that dream doesn’t always seem attainable. Money can be tight, and a down payment is just one more thing you have to save for.

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3 Things You Can Do to Prepare to Buy a House

Interest rates are still attractive, and inventory is creeping up, which means now is a great time to jump into the housing market! Here’s the thing, though. While “Zillowing” has become one of America’s favorite pastimes, actually buying a home isn’t as simple as jumping into the market. Unless you’re a cash buyer. In which case, bravo to you! 

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Celebrating Asian American and Pacific Islander Heritage Month

May is Asian American and Pacific Islander Heritage Month, a time for recognizing their significant contributions to the history, culture, and achievements in the United States. (Go here to learn more.)

At APM, we wanted to take this opportunity to learn more about our APM Family and what their history, culture, and heritage means to them.

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How APM Helps Buyers Stand Out in a Competitive Market

Low interest rates, even lower housing inventory, and tons of competition. That’s today’s housing market in many areas around the country, and that can be frustrating for buyers.

Having been in business for over 25 years and witnessed many real estate cycles, we know how you feel. That’s why APM has focused all its energy on making sure you are in the best possible position to have your offer accepted.

That’s why we developed our Keys on Time program. Here’s how it works: You get your loan approved before you shop for a home. That’s right. We will give you full approval of your financing before you ever find a home . . . this is not your average pre-approval!  Once approved, you go shop for your home, secure in the knowledge that your financing is in place. 

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Get Your Offer Accepted with APM’s Keys on Time™ Program

It’s a competitive market out there, but did you know there are things you can do to increase the chances your offer will be accepted? We’re not talking about the standard strategies like improving your credit, paying off debt, applying for pre-approval.

We’re talking about programs like APM’s Keys on Time (KOT).

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Ready to Plan Your Summer Road Trip? We’ve Got You Covered

It’s beginning to look a lot like…vacation! The skies and flowers aren’t the only things opening up. Now that we have a vaccine(s), Americans are itching to spread their wings and hit the open road. And how can you blame them after the past year we’ve all had?

If this sounds like heaven to you, you’re not alone. With that in mind, you may want to put some extra planning into this year’s excursion to ensure a safe, healthy, and fun time for your family.

Here are a few tips to get you started.

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Top 10 Things to Do Outside with Kids This Spring

The flowers are popping, the rabbits are hopping, and that dark winter sky is in the rearview mirror. That can only mean one thing: spring is finally here!

Your kids may feel more cooped up than usual this year thanks to the pandemic, homeschooling, and a series of winter storms throughout much of the U.S. So dust off your outdoor clothes and head into the sunshine—we’re about to make up for that lost time.

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Planning Ahead for Self-Employed Mortgage Requirements

Qualifying for a mortgage when you’re self-employed doesn’t have to be a pain. It all comes down to organization. Whether you’re self-employed, commission-based, or a full-time or hourly employee, lenders are all looking for the same thing when you apply for a mortgage: they want to be sure there is a high likelihood you will be able to pay.

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What You Need to Know About Getting a Mortgage When Self-Employed

Being self-employed can be amazing! To many it sounds wonderful—you get to be your own boss, set your own hours, and work from anywhere! As many who are self-employed know, it’s not as simple as that (long days, making payroll, and no steady paycheck). There are many perks to entrepreneurship, including that invigorating feeling of creating a business, but some people worry that this path will make it difficult to qualify for big-ticket purchases like a home.  

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Here’s How Your Job Affects Your Mortgage

You may be aware that the mortgage application process differs slightly depending on your type of employment. It’s not that mortgage companies favor a W-2 employee over the self-employed or a full-time employee over someone whose job is commission-based. It simply boils down to differences in verifying employment, income, and job stability.

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Home Renovations That Help Maximize Your Living Space

We’ve all been spending a lot of time at home, but what happens when the home you love no longer meets all your needs? You may feel trapped in the home you have, but that’s not really the case. You do have a few options to consider.

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4 Reasons to Build an Accessory Dwelling Unit (ADU)

An accessory dwelling unit, or “ADU,” is a fancy phrase for a smaller stand-alone space on your property. They’re oftentimes referred to as guest houses, granny flats, or even pool houses. These modest spaces are functional, livable, and super convenient if you need more room but don’t feel like packing up and moving into a new home entirely.

The reasons to build an accessory dwelling unit are almost as diverse as the units themselves. Maybe your home feels cramped now that you’re trying to work from home while your kids are homeschooling. Maybe you have parents or in-laws who are at that stage where they need a little help but aren’t ready (or you’re not ready) for an assisted facility. The same can be true of college students or adult children who need to save money or perhaps have encountered some career or financial obstacles.

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TOP POSTS

3 Ways to Get Creative when Paying Closing Costs
3 Ways to Get Creative when Paying Closing Costs
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How Much One Extra Mortgage Payment Can Save You
How Much One Extra Mortgage Payment Can Save You
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21 Creative Ways to Save for a Down Payment
21 Creative Ways to Save for a Down Payment
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RECENT POSTS

It’s Time to Celebrate the Summer Olympics!
It’s Time to Celebrate the Summer Olympics!
Read Article
10 Ways to Win a Bidding War on a House
10 Ways to Win a Bidding War on a House
Read Article
What You Need to Know about Sales Price vs. Appraised Value
What You Need to Know about Sales Price vs. Appraised Value
Read Article