Pacific Funding Mortgage Division

Pacific Funding Mortgage Division is a full service direct lender providing residential loans directly to the consumer.

[Pacific Funding Mortgage Division @PfmdTeam]

We believe in affordable housing payments for all.

Right now a lot of Californians have the opportunity to get an amazing house with a ridiculously low interest rate.

Find out more in our latest blog post!

https://t.co/REtW2ZGTR7

[Pacific Funding Mortgage Division @PfmdTeam]

Since refinancing and buying a new home (after selling) both involve getting a new mortgage, meaning you’ll go through the qualifying processes again.

Learn which is financially better in the long run before signing on the dotted line for a deal that looks too good to be true!

[Pacific Funding Mortgage Division @PfmdTeam]

Want to ease up on some expenses? Unsure if you should sell or refinance your home?

Refinancing does shorten the lifetime of your loan and get a lower interest rate, but selling could make more sense if your home's value has gone up since you bought it. #homeloan #scv

[Pacific Funding Mortgage Division @PfmdTeam]

Some lenders will position your home equity as money that’s just sitting around, waiting to be used. But that simply isn’t, a home equity loan is just that, a loan. While it does carry some risks, a home equity loan can be a great idea if you are planning to renovate your home.

[Pacific Funding Mortgage Division @PfmdTeam]

Post pandemic you may need to take care of a few things, and a home equity loan can help you do that. But there are a few things we DON’T recommend you using it in the following situations:

-Monthly cash flow
-Buying a car
-Vacation funds
-Personal debt
-Real estate investment

[Pacific Funding Mortgage Division @PfmdTeam]

Need access to easy cash? A home equity loan may be the most practical option. 🤔💸🏠

There are risks involved though; including extra fees, a lower credit score, and even foreclosure if you fail to make payments. Best to keep this in mind when considering your financial future!

[Pacific Funding Mortgage Division @PfmdTeam]

Whether it is the money your grandmother saved on the day she decided to buy her first house, or a wedding card envelope filled with cash, you can receive gifts in the form of funds to add towards your down payment. https://t.co/Ex8mFgMqDu

[Pacific Funding Mortgage Division @PfmdTeam]

We have so many clients who use their down payment gift to hit that 20% down payment. However, you are by no means required to put 20% down. You could cover all your upfront fees using gift money or other strategies like down payment assistance and lender credit.

[Pacific Funding Mortgage Division @PfmdTeam]

Down Payment gifts are not difficult to give or receive, but providing the right paperwork and following guidelines will make your life easier.

-A formal gift letter.
-A paper trail of said amount transferring between accounts.
-The giver cannot require repayment of the gift.

[Pacific Funding Mortgage Division @PfmdTeam]

Getting a little help with your down payment? 🤔🏠

At Pacific Funding Mortgage Division we allow cash gifts for down payments on a huge array of loan programs such as FHA, VA, USDA, conventional, and even jumbo loans. #downpayment #mortgage #scv

[Pacific Funding Mortgage Division @PfmdTeam]

🔥🔥🔥 Get ready for a sizzling summer housing market 🔥🔥🔥

Santa Clarita is one of LA counties' hottest real estate area’s and it's only getting hotter as pandemic restrictions lift. Get ahead of the game and pre-approve now to avoid endless bidding wars! #dreamhome #scv

[Pacific Funding Mortgage Division @PfmdTeam]

Don’t miss out on the summer's greatest housing market in YEARS!

With less forbearances being submitted that means homeowners who previously couldn't take part in the 2020 seller's market will get a second chance to sell their home this summer. More inventory= more deals. #loans

[Pacific Funding Mortgage Division @PfmdTeam]

“The share of loans in forbearance declined for the 14th straight week, with small drops across most investor types and all servicer types,” said Mike Fratantoni, MBA Senior Vice President.

All signs are pointing at a strong real estate market this summer!

[Pacific Funding Mortgage Division @PfmdTeam]

Forbearances are tumbling down according to May’s numbers.

Black knight reported homeowners exiting their forbearance plan was at its highest level specifically at the end of May leaving experts to get more confident about a strong economic recovery. #forebearance #santaclarita

[Pacific Funding Mortgage Division @PfmdTeam]

This Memorial Day, we remember the men and women who gave their lives in service to our country. #SCV

[Pacific Funding Mortgage Division @PfmdTeam]

In 2020 the average homeowner's insurance nationwide was $1,631….But prices can vary state to state and how much coverage you buy. In our latest blog post, we go over everything you need to know to understand home insurance costs in 2021. https://t.co/t9zLwB1FYU

[Pacific Funding Mortgage Division @PfmdTeam]

The broadest homeowners insurance policy won’t cover everything that could go wrong with your home. The most obvious example being you can’t intentionally damage your own home and expect your insurer to pay for it! #mortgage #homeownersinsurance #2021home

[Pacific Funding Mortgage Division @PfmdTeam]

Depending on if you have an insurance claim with structural damage, your home insurance company will pay to rebuild or totally replace your home! But depending on how much dwelling coverage you have you may be limited, below we break down the average levels of coverage. 🧮😃

[Pacific Funding Mortgage Division @PfmdTeam]

Your house is more than just a place to sleep. It may be your most precious asset and one that you won’t be able to replace easily on your own if tragedy hits. That’s why having the right homeowner's insurance policy is crucial to safeguarding your investment. 😤🏠

[Pacific Funding Mortgage Division @PfmdTeam]

How often should you refinance?

Some homeowners may find it advantageous to refinance several times in a short period of time, while others find it prohibitively costly.

We go over how often you should refinance in our latest blog post!
https://t.co/EPQ4b8fUHC

[Pacific Funding Mortgage Division @PfmdTeam]

Depending on your family’s long-term goals, a refinance is the best way to save money over time.🤓🏠

If you refinance and your closing costs and fees amount to $5,500 total and it saves you $150 a month. Divide $5,500 by $150 and we see it'll take 37 months to break even.