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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Buying a home can be exciting. You know you want to buy a house, but where should you begin? The ideal place to begin the home buying process is with getting a pre-approval for a home loan.
Many young, single, career-focused, and financially savvy adults are realizing that buying a home is the right decision for their personal and financial goals. In fact, more than 90% of Americans believe homeownership is the first step on the road to wealth. And the U.S. government agrees. The Department of Housing and Urban Development promotes homeownership to people from all economic backgrounds, because homeownership is an important means of wealth accumulation.
A temporary buydown is a loan where the interest rate is bought down temporarily for the first few years of the loan. This can help a buyer ease into the full mortgage payment at the beginning of the loan term.
During the home buying process, one critical component to consider is your mortgage rate. Home loan interest rates vary widely from lender to lender. You might wonder if the lowest rate is the correct way to go; there are other factors to take into consideration besides an advertised rate. American Pacific Mortgage believes in giving you the tools you need to make educated decisions. We have compiled a list of tips to help give you confidence as you enter down the path of home ownership or refinancing a current home loan.
As you begin the process of achieving your homeownership dream and navigating the world of mortgages, you’ll come across a lot of terms that may be new to you. You’ll hear terms like “conventional loans”, “conforming loans”, “non-conforming loans” and “conforming loan limits” to name a few. We’re here to make these mortgage terms easy to understand and help you confidently consider and discuss your mortgage needs. Let’s talk about conforming loans and conforming loan limits - what do they mean to you? And where do conventional and non-conforming loans fit in?
You’re ready to take the next step toward homeownership, but want to stand out from the crowd of other buyers when it comes time to put your offer in on the home you’ve chosen. Your dream of homeownership is important to us at American Pacific Mortgage and we’re here to help set you apart from the competition with our Keys On Time loan program.
Is owning a home your dream? What has been keeping you from achieving that dream? Maybe you assume that your lower credit score will keep you renting for years. Maybe you have been turned down in the past for a home loan because your finances don’t “fit” the standard agency or jumbo program guidelines.
Do you enjoy watching Chip and Jo tear down the walls and turn messy homes into gorgeous ones on HGTV’s Fixer Upper? If you have the desire to demolish kitchen cabinets and create your own beautifully designed space, then our Dream Home Renovation program could be just what you need.
Are you a firefighter currently employed full time with the city, county or state? If so, we want to help you get into the home of your dreams. We created our Star Loan Program to celebrate everyday heroes like you. We think you do a selfless job day in and day out and want to make the process of obtaining a mortgage a little bit easier for you.
FHA loans are a popular term in the mortgage industry and one you have probably heard of before. Find out everything you need to know about FHA Loans and if this home loan meets your needs.
Want to know if you qualify for our first-time buyer programs? These programs are specifically designed to help first-time home buyers overcome some of the more common hurdles they may face when buying a home, such as saving up for down payments and closing costs. If you could use a bit of financial assistance to help you with the purchase of your first home, keep reading.
When you are looking to purchase a home in a highly desirable market, or you’ve outgrown your current home and need something a little larger to fit your family, you may need a Jumbo loan to get you there. Here’s some things you need to know about these larger loans, and what you’ll need to qualify for one.
When you’re ready to get a home loan, it can help to have as much information about the mortgage process as possible. That way you can take the right steps towards getting your loan, and hopefully avoid some of the more common pitfalls along the way. To help you reach your goal of homeownership, here’s a list of dos and don’ts as you start with the process of getting a home loan and buying a home.
If you are considering buying a home using a conventional mortgage with a low-down payment, you may have heard about the need for private mortgage insurance (PMI). Here’s what you need to know about PMI, when you need it, how to pay for it, and when you can avoid altogether.
Which mortgage loan works for you? If you are a first-time buyer, you may want to consider an FHA loan. FHA loans are designed specifically to help first-time buyers achieve their goal of homeownership with benefits such as lower down payment requirements and more lenient qualifying guidelines compared to other loan options.The more lenient guidelines of an FHA loan make this loan program a useful tool for many first-time buyers.
Buying a home comes with an incredible amount of decisions to make, whether it’s deciding on a neighborhood, finding just the right house to fit your lifestyle or determining what loan program works with your financial goals. Once you’ve narrowed down a specific mortgage program, you will have one final decision to make: is a fixed rate or adjustable rate for you?