Pacific Property Loans’ Blog

Loan terminology: What is an Acceleration Clause? Condition in a mortgage that gives the lender the right to require immediate repayment of the loan balance if regular mortgage payments are not made or for breach of other conditions of the mortgage. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Check your credit report and dispute every error you find. Limit how much you apply for credit. Pay your bills on time. Pay off your credit card balances. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

What does pre-qualified mean? Pre-qualification is a quick process where home buyers supply a mortgage broker or lender with their overall financial status, including assets, debt, and income. We can pre-qualify you without pulling credit and offer a same day pre-approval! Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

Pacific Property Loans is proud to help clients become new homeowners. We understand that each client’s circumstances are unique. Our veteran Loan Officers take an advisory approach to meet your mortgaging needs. Let us help you own your dream home today. Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.

This type of mortgage is suitable for older homeowners, allowing homeowners to convert a part of their equity to cash without selling the property. Although it does not require monthly mortgage payments, homeowners earn an advance on the amount of their home equity. The money received is non-taxable and will not affect Social Security or Medicare benefits. However, if the last surviving borrower becomes deceased, the loan must be repaid. Please click here to contact