Wednesday, May 29, 2013
Thursday, May 16, 2013
Getting A Home Loan In Tacoma
Mortgage
lenders are financial institutions that lend money to people so they can buy a
property that they can’t yet afford, but should be able to by the end of a
mortgage term. Once you have decided you are interested in buying a home and
before you actually begin the home purchase, it is a good idea to get an
overview of home buying and homeownership. There are important factors in a
mortgage loan package that will determine whether you can afford the house, you
want. The most important of these are the interest rate, Points, Mortgage Type
(fixed rate, adjustable rate, balloon etc.), Closing costs and fees, and Down
payment and mortgage insurance. Different lenders will offer different interest
rates, so it is important to shop around. Another detail to consider is what
type of mortgage loan is best for you. Common options include a fixed-rate
mortgage, in which the interest rate does not change or an adjustable rate
mortgage will have a fluctuating interest rate based on market conditions.
Since no one knows how the market will behave, adjustable-rate mortgages are
riskier than fixed-rate mortgages Lenders determine your ability to pay back a
mortgage by making sure that monthly payments of principal, interest, taxes,
and insurance (PITI) do not exceed 28 percent and that monthly debts do not
exceed 36 percent of your gross monthly income. Besides looking at straight
numbers, lenders determine your ability to repay a mortgage debt by considering
what kind of job you have or if you have dependents and what other financial
obligations you carry. Lenders also consider your credit history and the value
of the property you are buying. If you are a homeowner looking to refinance or
get a home equity loan, be wary of predatory lenders. Predatory lenders promote
quick-fix financial solutions in order to convince potential homebuyers to invest
in properties that they are unable to afford. Contractors who offer you
financing may also be associated with predatory lenders. While legitimate
lenders use marketing techniques also employed by predatory lenders, predatory
lending often is marked by telephone, door-to-door, direct mail, Internet and
television solicitation that advertises “bad credit, no credit, no problem”
loan programs. Organizations like ours, PNC Mortgage, can help with identifying
and avoiding the high rates and fees of predatory lenders.
Tuesday, April 23, 2013
Our Team Our Mission
In today’s envirnoment lending has
become an obstacle that requires consistent, accurate, dedicated effort to run
smoothly. This along with consulting and communicating to all
parties cannot be done effectively by one individual. It takes a group of
individuals with the same common goal!
It Takes …….
OUR TEAM!
Joe Raquiza Team Leader (Loan Officer MLO 114206)
Michele Bunnage “Mickie” Team Member (Loan
Officer MLO 57321)
Donivan Norton Team Member
Diana Brown Team Member
Sara Curry Team Member
Our team here in Tacoma heads up the Pinnacle Capital
Mortgage branch. Pinnacle Capital Mortgage is the Largest mortgage only
lender in the Northwest.
This gives us the flexibility to make direct lender
decisions and control the process through the entire transaction.
However, since we are regionalized we also have the local
service you expect and need in navigating the mortgage process today.
OUR MISSION!
Is to impress you with our 7 day a week work
ethic, be available for you and successfully guide you through the
mortgage process.
Our team is excited to answer your call today and impress
you with our outstanding service!
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