6 Things You Need to Know About Getting a Mortgage

1. You should meet with a lender before house shopping.

Buying a home and getting a mortgage is one of the most important financial decisions you’ll ever make. The first step in the process is to meet with a trusted Mortgage Advisor to discuss your goals and review your financial information.

2. An approval can increase your buying power.

An approval holds more weight than a pre-approval and could enhance your negotiating power in a competitive market. At Pacific Residential Mortgage, we have a quick, upfront approval process that reduces time and stress, so you can shop with confidence.

3. A large down payment is not necessary to purchase a home.

It’s a common misconception that homebuyers must put at least 20% down. However, some qualifying buyers can put down as little as 3% or no down payment at all*.

4. Debt shouldn’t discourage you from buying a home.

Did you know there are loan solutions that can potentially help applicants, even those with student debt, qualify for a mortgage? Your Mortgage Advisor will be able to help guide you toward the right decision for your long-term financial success.

5. There are loan options for all types of buyers.

At Pacific Residential Mortgage, we understand that your financial situation is unique. This is why we offer a wide variety of products and services to meet your long-term goals.

6. You need a lender you can trust.

When it comes time to buy a home, you need a trusted, local lender who is easily accessible and willing to meet with you face-to-face. As Mortgage Advisors, we’re here to educate and guide you through the entire homebuying process, from start to finish.

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Contact Information

Pacific Residential Mortgage, LLC

4949 Meadows Road, Suite 150, Lake Oswego, Oregon 97035




Pacific Residential Mortgage, LLC NMLS-1477. Equal Housing Lender. Credit on approval. Terms subject to change without notice. Not a commitment to lend. www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1477 Blake Rice NMLS-135765 Anette Sieverson NMLS-136913

For Reverse Mortgages: **At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance, and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.

For USDA Loans: *Some state and county maximum loan amount restrictions may apply.


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Contact Us:

Pacific Residential Mortgage, LLC

4949 Meadows Road, Suite-150

Lake Oswego, OR 97035

(833) 215-HOME