Financing Blog

Avoid These 3 Things!

Posted on by PHBINC

Three things to avoid before getting a mortgage:

AVOID CLOSING OUT ANY CREDIT LINES

Closing credit lines removes payment history which makes up 35% of your credit score. Closing out any accounts can drop your credit score.

AVOID DECLINING INCOME

Declining income can knock you out of qualifying.

AVOID LARGE DEPOSITS 2 MONTHS BEFORE STARTING ESCROW.

Lenders want you to be able to source where your money is coming from.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Don’t Over Pay On A Home

Posted on by PHBINC

Don’t overpay on a home and stretch your budget too far!

There is nothing more important than the person you choose to finance you when purchasing a home. We will explain the process of buying your new home, guide you through all the ups and downs, and get the transaction closed on time.

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Shopping For A Home Loan?

Posted on by PHBINC

Shopping for a home loan? Getting a home loan doesn’t have to be overwhelming or scary. We break down the home loan process with a flowchart on our site. You can always call and speak with one of our experts if you have any questions.

See how the loan process works >>>

Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.