APM BLOG

Looking to Buy While You Are Selling?

Buying a home is thrilling and exciting and terrifying all at once.  Add in the fact that you haven’t sold your current home, and there are many more moving parts to your transaction.  In a hot real estate market, sometimes you have to jump in and make an offer before you’re quite ready (or able) to sell your current home.  If you have a hefty savings account and income sufficient to qualify for both of your mortgages, it might not be a problem, But for millions of homeowners, this scenario requires a different solution.

Let’s face it, throwing a birthday party for kids these days can be a huge undertaking.  Besides the fact that parties are getting out of hand, they’re hitting our pocketbooks harder than ever.  Here are 10 tips for kids’ parties that can help create a fun experience without breaking the bank.

Deciding to sell your home can be an exciting, albeit stressful, time.  One way to take some of the pressure off is to get pre-approved for your next home purchase before you list.  Why would this take the pressure off?  Let’s explore the options this opens up for you:

As part of American Pacific Mortgage's (APM) vision to Create Experiences That Matter^TM, the APMCares Foundation serves to provide the means for its partners and employees to make a difference in various communities through time and financial donations.

Buying a new home is an exciting time for nearly anyone, but when you still haven’t sold your old home it can get a bit tricky. There are a few scenarios to think about – all of which have ways for you to help make the process a little easier – and hopefully a lot less stressful.

If you’re thinking about purchasing your first home, you may feel overwhelmed or confused on where and how to start. What are the first steps? Who should you talk to first? What professionals should you use?

Starting the home buying process doesn’t have to be overwhelming or confusing. At American Pacific Mortgage, our loan advisors are here to help you navigate the entire process and walk you through it.

Thinking about buying your first home is an exciting process. It can also be stressful, especially for those who are unsure how they will come up with a down payment. The National Association of Realtors found that 25% of individuals feel that saving for a down payment is the most difficult part of the homebuying process.

When you’re shopping for a home, choosing the neighborhood that works for you is just as important – possibly more important – as choosing the right home.  Knowing what you’re looking for is half the battle, and knowing where to look to get the information you need can help make your decision easier.

1. What is a Credit Score?

A credit score is a three-digit number used to determine the creditworthiness of an individual and is created by the Fair Isaac Corporation (FICO). The score is calculated based on an analysis of a person's credit history and files.

You may have checked your credit score once or twice over time as you applied for credit cards, loans, or even new jobs. But have you thought about it much since then? As you reach the point of thinking about homeownership, it’s important to learn about your credit. Your credit score is an important piece of obtaining a home loan. We can help you by sharing some common credit mistakes to avoid.

If you are thinking about buying a home, it’s a good idea to know your credit score and understand how that score will affect your interest rate and payments. You can take the right steps now to improve your credit score, so you have more options when the time comes.

You’ve heard about credit scores and know that they are considered important, but why should you care about your credit score? Your credit score is looked at for multiple reasons - sometimes by employers, landlords, your bank, but also anytime you apply for a loan, including a home loan. Understanding credit scores and how they’re calculated will help you check into and improve your own score so you can have better credit when you are ready to purchase or refinance your home.

American Pacific Mortgage has long been a supporter of the Veterans community, having provided VA loans for most of our history.  We have an entire division dedicated to education, training, and assistance for loan originators so that we as a company are providing the very best possible service to our Veterans.

Doctors, dentists, surgeons, veterinarians and medical students have some of the highest student loan balances, and therefore may have a difficult time qualifying for a mortgage, when compared to other professions. Lenders underwrite loan transactions using a calculation for student loan payments that can work to keep these highly trained professionals out of the housing market.

Buying or building a home can be a time consuming endeavor - especially in a tight market. American Pacific Mortgage offers our SecureLock^® option for all qualified borrowers, allowing for longer lock periods, while still being able to play the market.

If you’re a Veteran thinking about purchasing a home, are you aware of the benefits available to you? Not only are there special loan programs through approved VA lenders like American Pacific Mortgage, but there are also special programs and Veterans grants in various states.

If you have been contemplating buying a house, we are here to help you think through the possibilities.

Are you a police officer and considering a home purchase sometime soon? We know that police officers, as well as correctional officers and other everyday heroes, work hard for our communities. As our way of saying thanks for all you do, we designed the STaR Home Loan program...