When you’re shopping for a home loan, you’ll come across various mortgage options related to the down payment, loan term, and interest rate. Let’s focus on the interest rate and how your choice will affect your overall mortgage payment. There are two main options – fixed-rate and adjustable-rate. What’s the difference and how do you…Read More
Before jumping headfirst into the frenzy of the homebuying process, any prospective homebuyer has a general idea of where they want to live, the style of home they want, and how much house they can afford. And when you start to shop around for mortgage options, you’ll begin to hear the terms pre-approval and pre-qualification. …Read More
House hunting can be one of the most exciting times in your life, but it can also be one of the most challenging. Before you start your search, it’s important to ask yourself some questions such as: What type of house do I want? Where do I want to move to? What is my maximum…Read More
According to recent survey data from the National Association of Realtors, purchasing a home remains part of the “American Dream.” Homeownership is still an attractive opportunity for financial security, stability, and investment for you and your family. If owning a home is a dream of yours, it may be easier to achieve than you might…Read More
In 2020, 30-year fixed mortgage rates started the year at historically low levels. Rates fell below 3.0% for the first time as COVID-19 took its toll on the economy. What does the future hold? Can we expect interest rates to rise or fall in 2021? Mortgage Rate Forecast According to an average of forecasts from…Read More
When it comes to buying a new home, people often underestimate just how competitive today’s real estate market can be. Don’t be fooled by what you see on popular shows on the HGTV network; in most cases, purchasing the home of your dreams isn’t as simple as touring a house, telling your agent you want…Read More
Pacor Mortgage is a Chicagoland based company and outstanding resource for mortgage financing. Now in our 31st year of business, our management team has seen the company grow through the most challenging markets. Our experience is what makes us the optimal choice for your mortgage needs, making us a reliable partner when it comes to…Read More