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It’s that time. Your current home isn’t working for your family anymore and you’re ready to make the move to buy your next home. But maybe you’re nervous about trying to sell your current home while buying your new home. Do you sell first, then buy? Or buy first, then sell? No need to worry - APM can help you through the process with our Bridge Loan programs!
We know how it goes - looking at houses online in your favorite neighborhoods and wondering if this is the right time to buy. Many buyers wonder if they should purchase a home now or wait a few months to see if that makes better financial sense. But interest rates have been on the rise so now might be the time to buy a home.
The home buying process can seem long and drawn out, but are there ways to speed up the process and buy a house fast? Definitely! No matter what your situation is or why you need to close a loan quickly, there are steps you can take to make it happen sooner.
You’re ready to become a homeowner! It’s an exciting time and now you may be wondering what exactly is included in a monthly mortgage payment, and how much it will actually be. We are here to help you with that so you won’t be surprised by the monthly expense.
Been looking at homes for sale in your area? If you’ve been considering a home purchase this year, you’ve probably been focusing on saving up your money for a down payment. But you might be wondering how much you really need to save up and what the average down payment size is for borrowers like yourself.
You may feel like a higher priced home or a home in a high-cost area is out of your reach. Trying to save up a 20% down payment for these homes can seem almost impossible. APM introduced programs last year to maximize options for borrowers looking for higher balance loans. Our Jumbo Solutions loan program can help you with a more affordable down payment as well as possibly reducing your monthly payments.
Your credit score is a major factor in determining whether you can qualify to purchase or refinance your home. But your score could be changing. Recent changes in credit reporting by the major reporting companies are causing a credit score jump that may affect you.
Are you wanting to buy a home but are afraid you might not qualify for a loan? Or have you tried to get a home loan and been denied due to a recent credit event, or because you are self-employed, or have not yet sold your existing home? Then get ready to make this the year you purchase a home with APM’s Expanded Access Program! Our Expanded Access specialty loan program opens the door to borrowers who need access to financing but don’t fit the standard guidelines.
Fannie Mae and Freddie Mac are both government-sponsored agencies that buy home loans from lenders. Here is the scoop on what they’re all about and why they matter to you.
As you make your monthly mortgage payments, you might be wondering if there are ways to pay off your loan faster under your existing loan terms.
Fixed rates or adjustable rates? What’s the difference between these terms and how do they affect you? It’s a question you may be asking as you begin thinking about your home loan process.
At American Pacific Mortgage, we know that it’s not what you say, but what you do that is important. We serve, because we love our communities– and that’s the reason we founded APMCares.
Our mission is to serve the needs of individuals, families, and communities where we live and work. Encouraging and inspiring our core belief that people matter.
As you get ready to apply for your home loan, you may be wondering about mortgage interest rates. The interest rate you get on your home loan will differ according to current rates, loan types, loan terms, credit rating, and will determine your monthly payment on the loan. At some point during your home loan process you will need to lock in your interest rate.
As Winter comes to a close, new home listings begin to flood the market. According to Zillow, most home listings come onto the market in April and May. The good news is that Spring brings many choices for buying a home! But Spring also brings a lot of competition, so you might want to consider preparing ahead of time. It’s never too early to get ready for your homeownership journey.
Is this the year you’ll finally buy that dream home? Have you been wondering whether you should wait until later in the year to start your homeownership journey?
Buying a home involves more than just looking at houses that fit your wish list. There’s the loan process to think about as well. As part of that process, you know that there will be a loan application to complete, but do you know what information lenders are looking for on that application? You might be surprised.
The Tax Cuts and Jobs Act was signed into law in December, 2017. This new bill amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals as well as businesses. Some of the changes have already taken place and will continue through 2018. As a homeowner or home buyer, here is what you can expect from the bill and ways it may impact you.
Getting to ready to buy your first home is an exciting time and can feel overwhelming when you try to think through all of the steps to take. APM is here to help! We’ve taken all the steps to buying your first home and broken them down to make it simple for you. Our First Time Homebuyers Checklist is an easy-to-follow workbook that takes you through the homebuying process from checking on your credit all the way to purchasing your dream home.
