When it comes to buying a home, it’s smart to get all of your ducks lined up in a row. Before you head out to do some house hunting, having a pre-approval for a mortgage puts you in the driver’s seat. First, it helps you focus in on homes that are realistically in your price range. Second, it gets … [Read more...] about Understanding the Value of Morgtgage Pre-Approvals
First of all, check with your Loan Officer to insure that the funds you presently have for your down payment are acceptable based on the loan program you intend to use. Hopefully you have committed to a specific real-estate agent and they can be a good source to learn about any State or local … [Read more...] about Homebuyers! a Dozen Ideas on a Down Payment
How Can We Remove Our Private Mortgage Insurance? Private Mortgage Insurance (or PMI, or MI) is an additional monthly fee required by most lenders when your down payment on a home or refinanced equity position is less than 20 percent. This money pays an insurance premium which protects the bank in … [Read more...] about How to Remove Mortgage Insurance
Once you've made the decision to take those formidable first steps towards homeownership, you'll soon find that there are a number of important decisions that you'll need to make next. Perhaps the most important of those involves choosing exactly which type of mortgage option is the right one to fit … [Read more...] about Should you go for a fixed rate mortgage?
Earlier this month the consumer finance bureau announced that they had released a mortgage visualization tool. The purpose of this tool is to provide consumers with easier access to public mortgage data collected under the Home Mortgage Disclosure Act. The new tools will help consumers to understand … [Read more...] about A great Mortgage Tool
You've had our backs on the Frontlines. Pacific Funding Group has yours at Home. At Pacific Funding group we are offerring specialized Loan Programs For Our Heroes on the Front Lines. Apply for a purchase or refinance mortgage loan. We've got you covered with hundreds of loan programs … [Read more...] about Loans Programs For Our Heroes
After a rough few years in the real estate market, people are beginning to gain their optimism back about investing in real estate again. The last few years also put the mortgage industry in the forefront, perhaps not in the best light, but in the forefront nevertheless. That attention - coupled … [Read more...] about All About Mortgages
The last few years have been difficult for a lot of homeowners who faced foreclosure, short sales or some other property loss. In addition to the loss was the knowledge that they would not be eligible for a mortgage to purchase a home for several years. As short as 3 years and as long as 7 years in … [Read more...] about FHA Back to Work Program provides new hope.
If you are ready to get mortgage to buy a home in California then you should start by comparing different mortgage rates provided by different lenders before choosing any final lender to get a home mortgage. Before you make any final commitment, here are several factors to consider. First of all, a … [Read more...] about How to get a mortgage to buy a home in California
Most people are aware of the role of credit There are very few people that are unaware of the critical role your credit score play when trying to buy a home. How do I know this? Well I've been in the mortgage business for a while and I have never had anyone come into our offices and not be somewhat … [Read more...] about Recipe for Low Credit mortgage seekers