APM BLOG

REACH YOUR GOALS

The Return of the Buyer's Market?

After years of sparse property listings, would-be buyers are finally seeing more FOR SALE signs. This is translating into more opportunities, especially in some warm-weather states.

April brought a mix of financial headlines—from new global tariffs to shifting trends in home financing. But don't worry, we've sorted through the noise to bring you practical tips and timely insights. In this issue, we're covering mortgage options for self-employed buyers, how to choose the right dental insurance, pet-friendly travel trends, and what tariffs could mean for your wallet. Whether you're planning your next move or just keeping an eye on your finances, there's something here for you.

At American Pacific Mortgage, our STaR Loan Program provides mortgage loans for public servants and the other heroes who serve our communities.

Police officers, correctional officers, and first responders play a vital role in maintaining safety and supporting the structure of our communities, often working under high-stress conditions and making personal sacrifices in the process.

REACH YOUR GOALS

Mortgage Planning for Self-Employed Borrowers

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: a high likelihood you will be able to pay. 

Springtime often comes with unpredictable weather, which also describes our current financial and economic outlook. Proposed import tariffs for China, Canada and other countries may result in increased prices across the board. These and other concerns resulted in the Federal Reserve's recent decision to keep current interest rates unchanged.

Qualifying for a mortgage can feel more complicated for small-business owners and self-employed individuals. Many mortgage lenders rely on tax returns to verify self-employed income, but these documents don’t always reflect the earnings of business owners, freelancers, or independent contractors.

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: a high likelihood you will be able to pay. 

Unlike a W-2 employee, however, it takes a little more legwork to verify self-employed income. This is why you want to plan ahead and make sure all your ducks are in a row before you start the mortgage process.

Let’s be real for a second: Mortgages are not cookie-cutter because borrowers are not all the same. There are, of course, some mortgage programs that can serve larger populations—hello, conventional mortgage and FHA loans—but there are plenty of people who aren’t accommodated by these programs for one reason or another.

REACH YOUR GOALS

A New Strategy for Managing Financial Stress

There are plenty of reasons for money-related stress these days, with sticky inflation and higher interest rates causing many Americans to acquire debt. Unfortunately, it also contributes to a potentially life-threatening condition: stress. Recently, the American Heart Association reported that 82% of us are stressed about money.

Qualifying for first-time home buyer programs may not be as hard as you think. These programs are specifically designed to help qualified first-time homebuyers like you overcome some of the more common hurdles people face when buying a home. Those hurdles, of course, include saving for a down payment and the closing costs.

If you could use some assistance as a first-time homebuyer—and who couldn’t—then this article is for you.

This month saw the return of something we all hate: inflation. The Consumer Price Index went up by 0.5%, which was its biggest increase since summer 2023. This brought overall inflation up to 3%, which means that the Federal Reserve will probably postpone any reductions in interest rates for the foreseeable future. Recent changes within the Consumer Financial Protection Bureau (CFPB) are also causing concern within consumer advocacy groups and the banking industry, although for very different reasons.

One of the biggest hurdles for many first-time homebuyers is getting that down payment together. We understand, especially if you’re trying to scrape together 20% of a home’s purchase price (insert large gulp here).

As a medical professional, you’ve dedicated countless hours to building your career and caring for others. Whether you’re a newly graduated doctor, dentist, or veterinarian, or an experienced professional, owning a home can feel like a distant goal. Student debt, limited credit history, and the high costs of buying a property add hurdles to achieving this milestone. Fortunately, the Doctor Loan program is here to change that.

One of the obstacles that keeps first-time homebuyers out of the housing market is the misconception that they need to have a 20% down payment.

You’ve decided you want to buy a home. You are ready to look at listings, view the next open house, and pick your favorite paint colors—but not so fast! You need to make sure you are financially ready first.

REACH YOUR GOALS

Are You Saving Too Much for Retirement?

Saving for our retirement is the #1 financial priority for Americans, with over half of us putting away at least 9% of our annual income for it. However, quite a few of us are actually overdoing it.

Many people think of an existing single-family home when they think about homeownership or buying residential real estate. Purchases of this type of property are common, after all. But there are other residential real estate purchases that might be perfect for your lifestyle and/or financial situation.