If you own a home, you’re no stranger to paying property taxes. Sometimes, you might even wonder where that money goes after you pay it. Tax time might not be your favorite time of year, but it’s helpful to remember that the taxes you pay today determine which public services you enjoy tomorrow. Property taxes... Read More
There are countless advantages to owning a home, including the chance to build equity. Home equity is the current market value of your home, minus what you still owe. For example, if your home costs $300,000 and you’ve steadily paid off your mortgage to the point that your mortgage principal balance is now $250,000, that... Read More
Updated February 8, 2021 Homeownership has a lot of benefits, including the potential to lower your tax bill. The tax code allows you to take advantage of deductions and credits that specifically benefit homeowners. You can work with a CPA or other qualified, licensed advisor to ensure these deductions and credits are properly applied and... Read More
When it comes time to apply for a home loan, your Mortgage Advisor will cover the basics with you. This will typically include your interest rate, which loan solutions you qualify for, etc. However, there are a few important questions you can ask your lender to let them know what you need further clarification on.... Read More
Welcome to 2021! In honor of the upcoming National Cut Energy Cost Day on January 10, 2021, we wanted to share a few best practices with you. Winter is an excellent time to review your home and make sure that you are energy conscious. Did you know something as simple as swapping out incandescent bulbs... Read More
Every borrower has a unique financial situation and will require different types of funding based on their long-term goals. For borrowers interested in purchasing their first home or those looking for more flexible financing than a conforming loan, an FHA loan could be the right solution. Benefits of an FHA Loan The government-insured Federal Housing... Read More
We know that buying a home is one of the most important transactions of your life. We also understand that it can be one of the most complicated transactions in your life. For that reason, one of our primary goals at PacRes is to simplify the process as much as possible. One of the first ways we simplify is... Read More
Are you ready to take on a fixer-upper home? We can help! At PacRes, we offer three different loan products* for homes that need renovation. FHA Streamline or Limited 203K, FHA Full or Standard 203K, and Fannie Mae HomeStyle Renovation. Since each of these products cover varying degrees of renovations, we’ll go over more details for... Read More
As gyms and other workout facilities start to reopen, some sweat fanatics are opting for at-home workouts and routines instead. The good news is, there are tons of online resources to keep your body healthy with limited-to-no equipment necessary! That’s why we’ve compiled a variety of routines you can do from the safety of your own home.... Read More
Now more than ever, technology has increased our ability to complete transactions without ever stepping foot in a physical building. However, with more convenience comes higher risk, especially when dealing with the potential for real estate wire fraud. According to data provided by the FBI, in 2017, close to $1 billion was “diverted or attempted... Read More