Author Archives for Carlie Ortiz

What is a First-Time Homebuyer Grant?

October 26, 2020 12:51 pm Published by Comments Off on What is a First-Time Homebuyer Grant?

You’ve heard it said time and time again that a responsible homebuyer puts down 20%, no exceptions. Surely, with enough time and determination, anyone can save that amount of money, right? Well, it depends. For some homebuyers, 20% is a comfortable lump sum to put down on a home. For others, it could take years... Read More

Should I Buy a House from a Family Member?

October 16, 2020 8:15 am Published by Comments Off on Should I Buy a House from a Family Member?

Did you know that buying a home is frequently ranked one of the most stressful events in a persons’ life? Whether it’s making a big decision, such as finding the perfect home that checks off all your boxes, or something as simple as forwarding your mail to a new address, the whole process can feel... Read More

Halloween Costumes That Are Perfect for 2020

October 9, 2020 8:00 am Published by Comments Off on Halloween Costumes That Are Perfect for 2020

While our primary goal at PacRes is to provide all of our clients with a 5-star customer experience and a wide variety of loan solutions, having fun is a close second! Halloween will definitely look different this year, but that doesn’t mean we can’t celebrate in style. Here are a few of our favorite costume... Read More

Do Credit Pulls Lower My Score?

October 8, 2020 8:25 am Published by Comments Off on Do Credit Pulls Lower My Score?

It’s a common misconception* among borrowers that multiple credit pulls can drop their credit score during the home loan application process. However, the three big credit bureaus (Experian, TransUnion, and Equifax) state it plainly: a borrower’s score will not drop when a mortgage lender pulls their credit more than once in a two-week period. Why... Read More

Should I Buy During an Election Year?

October 7, 2020 8:00 am Published by Comments Off on Should I Buy During an Election Year?

The Democratic and Republican National Conventions have come and gone, and we’re now officially in the home stretch leading up to the election on November 3rd. Americans have been through the wringer this year, to say the least, so it’s no surprise that consumers are wary of making big purchases or investments any time soon.... Read More

Pumpkin Décor Ideas You’ll Love

October 2, 2020 8:28 am Published by Comments Off on Pumpkin Décor Ideas You’ll Love

Fall is finally here, and we couldn’t be more excited! From cooler days and changing leaves to pumpkin patches and corn mazes, the last few weeks before winter comes are simply some of the best. In case you missed it, PacRes is celebrating this new season with our annual Pumpkin Decorating Contest, so we thought... Read More

Why Mortgages Are Considered “Good Debt”

September 30, 2020 8:27 am Published by Comments Off on Why Mortgages Are Considered “Good Debt”

Debt, the scariest 4-letter word known to adults across the US. According to Experian’s 2019 Consumer Debt Study, total consumer debt hit $14.1 trillion, with the average American carrying nearly $90,500 in personal debt. With staggering numbers like this, it’s no surprise that renters are concerned with taking on a large loan, such as a... Read More

Hot Housing Markets in 2019 vs. 2020

September 28, 2020 10:09 am Published by Comments Off on Hot Housing Markets in 2019 vs. 2020

Let’s be honest. If anything about 2020 has been unpredictable, the housing market is near the top of the list. In March 2019, the Federal Reserve indicated only slight rate increases, if any, over the next two years. Homebuyers rejoiced at the opportunity to lock-in a low rate, not knowing that 2020 would bring a... Read More

One-Day Home Projects You Have to Try

September 25, 2020 8:15 am Published by Comments Off on One-Day Home Projects You Have to Try

How many times have you seen a breathtaking home renovation project and thought to yourself, “I could probably do that?” Next thing you know, it’s been three months, you’re still not done with it, and you’re out a few (hundred) bucks more than you planned. While there are DIY’s that aren’t worth your time and money,... Read More

What is a Letter of Explanation?

September 24, 2020 12:22 pm Published by Comments Off on What is a Letter of Explanation?

When you apply for a home loan, your Mortgage Advisor acts as the primary contact and resource for any questions you may have. However, many other departments behind the scenes will play a role in approving your loan. These departments may reach out to you during the loan process to ask for additional information or... Read More