Author Archives for Stace Schiefelbein

What is a Loan Estimate?

Understanding Loan Estimates

February 21, 2019 3:19 pm Published by Comments Off on Understanding Loan Estimates

What is a Loan Estimate? Your Loan Estimate is critical to the mortgage and home-buying processes, but many buyers do not know why. A Loan Estimate is a multi-page form that details the financial specifics of the loan you requested. After applying for your mortgage, your lender must provide this Loan Estimate within three business... Read More

Home Shopping Tips | Pacific Residential Mortgage

When to Start Home Shopping: 3 Tips

February 8, 2019 8:00 am Published by Comments Off on When to Start Home Shopping: 3 Tips

Don’t Wait Forever For… The One A lot of people choose their dream home at the wrong time. Either they jump in way too early – without a mortgage pre-approval or the proper finances to fund a home – or way too late when other offers have taken up all the inventory. Don’t drive yourself... Read More

Reverse Mortgage Refinance | Pacific Residential Mortgage

Reverse Mortgage Refinance: What You Need To Know

February 1, 2019 9:02 am Published by Comments Off on Reverse Mortgage Refinance: What You Need To Know

Basics of a Reverse Mortgage Refinance Are you nearing retirement? Maybe you are already retired, but you’re not getting the most out of the equity in your home. If you are on a fixed income or looking to make a significant addition to your finances, a reverse mortgage refinance might be for you. Reverse mortgages... Read More

Cash In On Home Equity | Pacific Residential Mortgage

A Smart Way to Cash-In On Your Home Equity

January 11, 2019 9:00 am Published by Comments Off on A Smart Way to Cash-In On Your Home Equity

Home equity may be a simple concept, but it’s also a powerful tool! Equity is how much your home is worth, minus how much you owe on the mortgage. For example, if you owe $200,000 on your mortgage, but your home value has risen to $300,000, you then have $100,000 in home equity. Home equity... Read More

4 Things Your Mortgage Banker Wishes You Knew | PRM

4 Things Your Mortgage Advisor Wants You to Know

January 10, 2019 3:39 pm Published by Comments Off on 4 Things Your Mortgage Advisor Wants You to Know

We understand how complex the home-buying journey may seem. Between gathering all the necessary documentation, searching for the perfect home, and finding the loan option best-suited for you, a lot goes into buying a home. That’s why PRM has a team of dedicated mortgage professionals with decades of experience to help you through every step.... Read More

UltraFICO’s Effect on Getting a Mortgage | Pacific Residential Mortgage

UltraFICO’s Effect on Getting a Mortgage

January 4, 2019 11:19 am Published by Comments Off on UltraFICO’s Effect on Getting a Mortgage

How FICO’s new credit score could make it easier to get a home loan FICO recently announced a new way to score credit: UltraFICO. Potential borrowers – especially those in the 500 to 600 FICO score range or who have little to no credit history – may be able to qualify for mortgages they previously... Read More

Financial Wellness Month | Pacific Residential Mortgage

Financial Wellness Month

December 20, 2018 3:30 pm Published by Comments Off on Financial Wellness Month

January is Financial Wellness Month What is financial wellness and why does it matter? In a time when many people are making goals to improve themselves and their lives, January also happens to be Financial Wellness Month! What is Financial Wellness? Financial Wellness involves the process of learning how to manage financial expenses successfully. Our... Read More

In-House Appraisals

July 16, 2019 11:45 am Published by Comments Off on In-House Appraisals

An appraisal report is a key component of almost every home loan transaction. The appraisal is an inspection done by a professional appraiser which confirms the current market value of the home. Typically, a lender uses the services of one or more appraisal management company to obtain the appraisal report. Appraisal Management Companies (AMCs) are... Read More

HOW PRM SUPPORTS OUR COMMUNITIES | Pacific Residential Mortgage

How We Supports Our Communities

December 13, 2018 2:35 pm Published by Comments Off on How We Supports Our Communities

Pacific Residential Mortgage supports several charities in our local communities. We believe that giving back is an essential responsibility for any business. When you choose us as your lender, you not only receive the highest level of customer service in the industry but also help us support causes that change lives. At the corporate level,... Read More

Fast Track Financing | Pacific Residential Mortgage

Fast Track Financing

December 6, 2018 4:17 pm Published by Comments Off on Fast Track Financing

What is Fast Track Financing? Another way PRM puts you first! Now you can get on the fast track to homeownership with PRM’s Fast Track Financing. Our innovative new mortgage process saves you time and saves you from the stress of gathering unnecessary paperwork for approval. Get Ready With our quick upfront approval process, you’re... Read More