Buying a home is an excellent way to build your net worth, especially if you consider purchasing a multi-unit home instead of a single-family one. Multi-unit homes offer the unique advantage of a place to live as well as a source of income. With multiple financing options available for duplexes, tri-plexes, and even four-unit homes,... Read More
Renting an apartment or house seems to be the default option for people who have not fully considered the benefits of homeownership. Renters who become complacent in a lifestyle that doesn’t require mowing the lawn or property maintenance may not realize that those pastures are not necessarily greener. Even a cursory look at the differences... Read More
Making an offer on a home is usually your chance to make a first impression on the seller. You don’t want to throw out a random number and cross your fingers. Instead, the purpose behind your offer should be a clear statement that proves you know what is fair, competitive, and likely to result in... Read More
The Section 184 Loan Guarantee Program is exclusively available for Native Americans or Alaska Natives as members of federally recognized tribes. The Housing and Community Development Act of 1992 created this program to address the lack of mortgages in Indian Country. Why is mortgage lending unavailable in Indian Country? The majority of the land in... Read More
April is National Fair Housing Month, due to the Fair Housing Act becoming law on April 11, 1968. This also ties into remembrance of the assassination of Rev. Dr. Martin Luther King Jr. The connection is a result of his contributions to the Civil Rights Movement, which included fighting for equality in housing. President Lyndon... Read More
Sometimes it seems like managing a clean credit profile is an impossible task. With the number of items that factor into a person’s credit score, how are you supposed to keep it all balanced? At PacRes, we recognize that credit profiles and scores are complicated, but we’re here to help make this topic easier to... Read More
If you’re in the market to buy a house, and you need a low down payment loan, you’ve probably heard the phrase “mortgage insurance” mentioned at some point. But what is mortgage insurance, why do you need it, when does it go away, and how do you get rid of it? What is Mortgage Insurance?... Read More
Are you expecting a tax refund this year? Before you decide to spend it on a new pool table or jet ski, consider the fact that you could put those funds toward buying a home instead! Here are three ways that your tax refund could be used to bring you closer to your goal of... Read More
You probably love the way you’ve styled your home during the time you’ve lived there, but have you considered how it might appeal to a prospective buyer? Now that you’re getting ready to sell, you should consider staging your home. Staging is the process of preparing a residence for sale. The primary goal is to... Read More
We know that buying a home is one of the most important transactions of your life. We also understand that it has the potential to be one of the most complicated transactions in your life. For that reason, one of our primary goals at Pacific Residential Mortgage is to simplify the process as much as... Read More