A second home means the vacation never has to end.

When you are ready to make your second home dream a reality, I can get you there.   Your second home is waiting. Where have you been dreaming to call home? An ocean front view, a place to ski, or adjacent to the green, a second home is the best way to ensure the vacation […]

Qualifying for an FHA Loan

Which mortgage loan is right for you? If you are a first-time buyer, you may want to consider an FHA loan. FHA loans are designed specifically to help first-time buyers achieve their goal of homeownership with benefits such as lower down payment requirements and more lenient qualifying guidelines compared to other loan options.The more lenient […]

Your Top Questions Answered Regarding Recent FHA Loan Changes

2-250

The mortgage industry is constantly changing. New laws are signed, which then affect buyers—sometimes in their favor, sometimes against them. With a new president in office, there have been recent changes to the Federal Housing Administration (FHA) loans. We simplify those changes below and let you know how they could affect you if you are […]

Using Discount Points to Lower Your Interest Rate

Lenders offer discount points to buyers to lower the mortgage rate and make the mortgage more affordable. The point you care about the most is the discount. Just as it sounds, a discount point is like prepaying interest for a lower home loan interest rate. One point usually translates into .25 percent less on your loan […]

Are Discount Points Right for You?

Are discount points right for me

If you’re looking to purchase a home, you may have heard that discount points can help lower your interest rate and monthly payments. Lenders offer discount points through a one-time, upfront fee. The points lower your monthly payment and can help make the mortgage more affordable for the life of the loan.   Essentially, purchasing points is […]

4 Tips to Help Improve Your Credit Score Long-term

If you are ready to become a first-time home buyer, the initial step is to get pre-approved for a home loan. To do that, you will need to get a handle on your credit history and credit score. If your credit is challenged, you may want to consider methods of increasing your score so that […]

First Time Home Buyers: Your Credit Score

Credit score

  Many individuals worry about their credit score when they start thinking about buying a home. Your credit score can play a role in your home loan, but doesn’t need to be a hurdle or cause uneasiness during the home buying process. Knowing what your credit score is and understanding that number can empower you […]

Understanding Credit Scores

refiPic-250

  The impact of your credit score on your mortgage loan.   A credit score is a number between 350 – 850 on a scale created by the Fair Isaac Corporation (FICO). This number is known as your FICO® score, and it is used by lenders as a snapshot of your credit history and a […]

Mortgage Process: What You Should Know About The Downpayment

  The down payment on a home loan is an important part of the homebuying process. Depending on the type of loan you may qualify for, you may need a minimum of 3% up to 20% of the purchase price as your downpayment. There is also home buying programs that allow for the entire downpayment […]

Welcome

Welcome to Steve Herndon American Pacific Mortgage! Please check back for future articles and information.