Have you filed for bankruptcy and are wondering if buying a home is now completely out of the question for you and your family? While it may be tricky to get a mortgage loan after filing for bankruptcy, it is still possible. Even families who have a Chapter 7 or Chapter 13 bankruptcy on their credit report may be able to buy a home after some time has passed.
Qualify for a low down payment mortgage with the Home Ready Program
Home Ready by Fannie Mae is a specialty American Pacific Mortgage Program designed to serve your unique needs. It is an alternative to the Federal Housing Administration (FHA) program, with even more flexible income qualification guidelines and 3% needed for the downpayment.*
Condominium properties can offer many benefits for first-time homeowners. They can often be more affordable and require less maintenance than traditional single-family homes. If you are considering buying a condo, make sure and ask these seven questions first.
Buying a home is an exciting process. You get to put your own spin on how you’ll decorate. You decide what plants you will put in your garden. And you get to make decisions on wall colors and changing out flooring.
There’s nothing quite like coming home daily to your very own home. It’s important to plan appropriately when you’re thinking of buying a home. Planning your finances will help prepare you for any unknowns that could come up as a homeowner.
Is it better to rent or buy a home? It’s a question that most adults will ask themselves at one point or another. Before deciding which option works for you, consider the following factors.
There are several components to consider when deciding whether to rent or buy. Things like your personal situation, taxes, investment opportunities, financial stability and long-term goals all play a role in whether renting or buying is more beneficial.
At American Pacific Mortgage we are fully committed to doing what it takes to get your loan funded on or before the close of escrow. That’s why we created our Keys on Time Program. Our specialty program gives you a 20-day close and backs your offer by the purchasing power of a full loan approval.
Like most things in life, everyone has their own opinion about the homebuying process. When you start thinking about making your dream of owning a home a reality, you learn that there is a lot of competing information out there.
If you are ready to become a first-time home buyer, the initial step is to get pre-approved for a home loan. To do that, you will need to get a handle on your credit history and credit score. If your credit is challenged, you may want to consider methods of increasing your score so that you can begin the process of buying your first home.
Why Homeownership Can Be a Smart Decision
It all comes back to the phrase “home is where the heart is.”
Owning a home is ingrained in the American spirit. It provides a sense of stability in that there is a place to call home that will always serve as a spot to unwind and to be with the ones you love.There is another aspect in play when it comes to why being a homeowner is a smart decision. Owning a home is a good financial decision that very often pays off over the long run.
Here are just a few reasons why homeownership can be a smart decision.
The Four Modern Guidelines of Home Buying
Buying a home can be an overwhelming process. But in the end, it can be one of the most rewarding experiences you and your family will ever have. Home ownership provides security, a source of pride, equity, a financial roadmap to the future and numerous other perks, both personal and financial.
The road to homeownership can sometimes feel like an epic journey, a monumental marathon, or even an intense sprint to the end. Whether you are a first-time buyer, or have traveled this road before, the home buying process may at times feel daunting, confusing, or perhaps even a bit intimidating. But the road to ownership can be actually be easier than you thought, if you follow a few simple steps.
What’s standing between you and your dream of owning a home? If you’re like many would-be homebuyers, the down payment may be seemingly one of the biggest hurdles that is keeping you from looking for your dream home today. The good news is you may not have to wait to save a substantial down payment in order to buy a home. There are 3% down payment mortgage options which can help qualified buyers purchase a home to ease that upfront investment.*
