Life at PHMC
Featured Posts
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Loan Options Guide Get the Scoop on Home Equity LoansSeptember 1, 2022The last several years have proven to be unpresented times for property appreciation with homeowners’ s equity increasing at an extraordinary pace. Do borrowers have to sell to access some of that equity? What if a borrower wants to make home improvements, pay for college, buy a car, or consolidate other outstanding bills? Now could be a good time for you to consider a home equity loan or cash-out refinance.
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Loan Options Guide Buying a home for the first time: is FHA the way to go?September 2, 2021Federal Housing Administration (FHA) loans are popular, government-backed home mortgage loans that are tailored toward borrowers with limited savings and/or credit challenges. However, anyone who meets the eligibility requirements may apply.
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Homebuying Resources Delayed Financing puts money back into your pocket after paying cash for a homeJuly 8, 2021Cash is king in this hot and competitive real estate market! And in most cases, a buyer will get the property if a cash offer is made. So how can you recover some of the money spent to purchase your home?
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Homebuying Resources Common Mortgage Terms ExplainedApril 19, 2019Here is a list of mortgage terminology you need to know when applying for a mortgage in alphabetical order:
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Homebuying Resources Millennial Home Buyer Struggles, Industry Expert SolutionsFebruary 5, 2019Some say they’re killing the mortgage industry, others say they’re just too far in debt or afraid of commitment.
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Loan Options Guide Your Dream Home Exists with No Money DownDecember 19, 2018Attention small community renters: why rent when your dream home sits a few miles away with no money down? USDA home loans have grown increasingly popular over the years, helping more than 650,000 individuals and families into homes.
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Loan Options Guide Here’s What Homeowners Do Not Understand about Their Home Equity and How to Use itDecember 3, 2018The first step was buying your first house, and you felt the benefits: your credit score continues to increase, and during tax season, you can write off 12 months of interest and keep a huge chunk of cash to yourself, not to Uncle Sam.
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Loan Options Guide Make Home Ownership a Reality with USDA 100% FinancingOctober 23, 2018For all those wishing to escape the traffic and crowds that come with city life, a cozy home in the quiet atmosphere of a rural community is waiting for you with 0% down!
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Loan Options Guide Cash-Out Refinance: How to Use your Home Equity WiselySeptember 5, 2018One of the many perks to home ownership: building equity. According to CNBC, today’s homeowners have the highest amount of total accumulated equity in their homes ever recorded, sitting at $5.8 trillion.
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Homebuying Resources 5 FAQs about Rent-to-Own Homes AnsweredAugust 30, 2018One of the many factors of what makes certain cities and neighborhoods “hot markets” is the school district, and that very factor also plays a role in purchasing a home for many Americans looking to start a family or already have children. After losing bidding wars on hot homes in desirable neighborhoods, so many throw in the towel and resort to paying rent in hopes ANY home will hit the market soon.
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Loan Options Guide PHMC’s Outside-of-the-Box Solutions for Home FinancingAugust 17, 2018For every reason other banks and lenders said “you can’t qualify,” we say “you can!” At Platinum, we understand not all buyers will fit the profile for traditional financing
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Loan Options Guide A Home (for you) is PossibleAugust 8, 2018What does it take to purchase a home? Good credit. Steady income. Low debt-to-income ratios. Job history. Oh yeah, and money in the bank…
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Loan Options Guide FHA Versus Conventional: Which loan option is right for me?June 26, 2018When shopping for a home loan, buyers are usually focused on 2 things: what’s my rate going to be and how much is the mortgage insurance.
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Loan Options Guide 5 Facts you Didn’t Know About Down Payment Assistance ProgramsApril 17, 2018The struggle is real for Americans seeking to buy their first home. Saving for a down payment still holds the number 1 spot for obstacles when looking to purchase a home. Let’s face some of the facts:
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Loan Options Guide Could Legalized Marijuana Cause a Housing Bubble?April 13, 2018High isn’t just a word to describe the residents of states with legal recreational marijuana use. Some say that legal marijuana caused the housing markets in these states to be blazing hot with high home values.
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Loan Options Guide 10 Steps to Make This Old House into your Dream HomeFebruary 28, 2018With inventory low right now, what’s better? Buying a home you kind of like, or buying a home of your dreams?
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Loan Options Guide Go Big AND Go Home: Jumbo Loans are BackFebruary 12, 2018Up until recently, home buyers looking to buy a home in more expensive areas were left in limbo. Here’s why: Lenders had tightened the requirements on jumbo loan options making it hard to qualify for, or they did not offer them at all.
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Loan Options Guide Hope for Disaster Victims: A Program to Bring you Back HomeNovember 10, 20172017 [was] a record-setting year for natural disasters: “for the first nine months of 2017, the United States has endured 15 disasters that each cost $1 billion or more and collectively claimed 323 lives …” says PBS.
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Loan Options Guide The Economics of 420April 21, 2017Since the state of California started the movement of legalizing marijuana for medicinal purposes, many states have also followed suit. So many, in fact, that 1 out of 5 Americans live in a state where it is legal to purchase and smoke weed freely—without a doctor’s note—and it won’t be stopping there.
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Homebuying Resources Pub Sheds: Bring Happy Hour to YOUR BackyardApril 13, 2017“I was on vacation in Ireland, the concept of a pub in your backyard was a big trend. I really enjoyed them and decided to bring the idea back home with me,”
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Loan Options Guide 8 Benefits to Help Veterans Buy, Keep, and Sell HomesApril 13, 2017No one deserves the American Dream more than our veterans who fight to protect it. In a recent survey, veterans explain why they have not used the VA home loan benefit
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Homebuying Resources Did you Say Grandma Lives in your Backyard?!July 13, 2016Remember, not only is a Granny Pod one of the lowest options in terms of cost, you also have one of the most unique selling points in the entire neighborhood: another structure.
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Homebuying Resources 9 Tips to a Higher Home AppraisalFebruary 8, 2016When buying, selling or refinancing, an appraisal is an often overlooked aspect of the transaction.