Pacific Mortgage and Lending Company
Pacific Mortgage and Lending Company












First time home buyer program

Home Buyers

First time home buyerTired of throwing away thousands dollars each month on rent? Love to own your own home? Act Now! We offer low down payment on purchases. You could be saving hundreds of dollars perhaps thousands each month. Click here for a FREE pre-qualification with no obligation. PMLC is committed to helping you put your hard earned money to work for you.

If you're not sure how much house you can afford, follow these 3 simple steps to help you figure it out.
Examine Your Finances
Determine how much mortgage you can afford. Take stock of your income and expenses, both current and projected to determine what you can comfortably manage each month. Get an idea of what you can afford by using our mortgage calculator.

Check Your Credit Report
When you are trying to get approved for a loan, a higher credit score means substantial savings on your monthly payments. To learn how to raise your credit score an average of 50 points click here.

Pre-Qualify For a Loan
Fill out our online application to receive a FREE consultation.


Things To Consider

How Much House Can You Afford?

Many home buyers use a common technique for figuring out how much home they can afford -- the purchase price of the house can be up to two-and-a-half times their annual gross income. This is merely a rough estimate of buying power, which could be more or less depending on the situation. Get an idea of what you can afford by using our mortgage calculator.

We can help you calculate your buying power, based on your total income, debts, credit history, and other factors. If you're buying a house with someone else -- a spouse, parent or companion -- that person's annual gross income can be included in computing the cost of the home you can afford. Remember that that person's credit report will also be reviewed, and his or her debts will be factored into whether you both can get a mortgage.


Benefits of Home Ownership

Home ownership can also be a great investment tool. Your monthly mortgage payments are a type of scheduled savings plan that can help build equity. As a benefit, you often can borrow against that equity or convert it to cash if you sell the home.

Another benefit is the amount of money you'll likely save in taxes. The interest paid on your mortgage is usually tax deductible and can save you a substantial amount each year in federal income taxes. Any discount points you pay on your loan may also be deductible.

Houses can increase in value over time. In many parts of the country, homes sell at a higher price than when they were purchased -- this is called "appreciation." This increase in value means the homeowner has essentially increased his or her net worth.

A less tangible, but no less important benefit: You often feel more a part of the community while realizing the American Dream of home ownership.


* Get Pre-Qualified Now! *


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