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What You Need to Know About Foreclosure

If you're struggling to pay your mortgage, or will have trouble paying in the near future, you need to speak with your servicer ASAP to avoid foreclosure.

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What You Need to Know About Mortgage Forbearance

Forbearance is when your mortgage servicer or lender allows you to pause or reduce your mortgage payments for a limited period of time. Learn more here.

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What You Need to Know About Mortgage Insurance

What is mortgage insurance, why do you need it, when does it go away, and how do you get rid of it? We've got the answers for you.

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What You Need to Know About Multi-Unit Homes

Buying a home is an excellent way to build your net worth, especially if you consider buying a multi-unit home instead of a single-family one.

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What You Need to Know About the New FICO Scoring System

FICO recently announced the launch of its latest FICO 10T model, which could affect an estimated 80 million consumers. Read more here.

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What You Need to Prepare for Closing Day

Once the seller accepts the offer and earnest money, the next step is to wait for the closing date. However, there are plenty of things to still get done!

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9400 SW Beaverton Hillsdale Hwy
Suite 145
Beaverton, OR 97005

503-699-LOAN (5626)

800-318-4571 (toll free)

feedback@pacresmortgage.com

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Reverse Mortgage - Contents not provided by, or approved by FHA, HUD or any other government agency. At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.


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