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40 Year Loans: 40 year
loans are now available for homebuyers who are looking for lower
monthly payments or to qualify for a larger loan amount. Whatever
your needs TransPac Financial can find the best loan to fit your
budget.
Equity Loans: An Equity
loan is a form of credit in which your home serves as collateral.
Your credit limit, also known as available equity is determined by
how much your house is worth minus how much money you owe on it.
Consolidation Loans: A
Consolidation loan will allow you to borrow money to pay off your
bills or debts and leave you with one low monthly payment that can
allow you to take back control of your finances.
Refinance: A Refinance
loan is a loan that pays off any other loans that you may have and
can allow you to lower your monthly payments and or interest rates.
Seconds: What a second
mortgage does is allow you to get a lump sum of cash without having
to get a new First Mortgage. The best thing about a second mortgage
is the interest rates are usually low and the interest can be tax
deductible; please consult your tax advisor on all financial issues.
Sub Prime: Sub Prime is
the term that banks and lenders use for anyone who does not fit
neatly into the A+ credit and documented income box. TransPac
Financial can assist you the sub-Prime borrower who may have a
couple credit problems are self-employed/ on a fixed income or just
had a little trouble documenting every penny.
Bareland: Have you found
the perfect spot for retirement, a home in the country, a place to
raise a family? TransPac Financial can help you get the loan you
need to buy the bare land or lot to get you started.
Commercial: TransPac
Financial can offer you a flexible approach to your commercial
financing whether owner occupied or an investment property, we can
save you both time and money.
Cash Out: A cash-out
refinance is a great way to use the equity in your home to get cash
to use for whatever you want, home improvements, pay off bills a
vacation. The amount of money you can take out depends on the value
of your home and how much money you owe on it. Whether you area wage
earner or self-employed TransPac Financial can customize a cash-out
loan for you.
Construction Loans: Once
you have used a Bareland loan to purchase the perfect lot or you
already have a piece of land and have been waiting to build,
TransPac Financial can customize the perfect Construction Loan to
make sure that you have the money you need to build your dream home.
Interest Only Loans:
Interest only loans are a good option for people who need to keep
more money in their pockets and their mortgage payments as low as
possible.
Jumbo Loans: A Jumbo Loan
is often not as Jumbo as everyone thinks, there are many
misconceptions that Jumbo loans have to be millions of dollars but
that is not true. Many Jumbo loans are under $ 500,000.00 it depends
what State you are in and changes yearly. The true definition of a
Jumbo Loan is a home loan that exceeds the maximum conforming loan
amounts as set by Fannie Mae and Freddie Mac. Besides the loan
amount the only difference between a Jumbo Loan and a conforming
loan is the cost of borrowing, often the interest rate is slightly
higher on a Jumbo Loan.
Bad Credit Loans: Don’t
let bad credit keep you from living the American Dream. At TransPac
Financial we have many options to help you clean up your credit and
customize a loan to fit your needs.
Fixed Rate Mortgage: A
long term loan that is paid back in 15, 30 or 40 years that has a
unchanging interest rate and payment amount.
Adjustable Loan: An
adjustable Rate Mortgage can be a great way to purchase a new home
starting off with initial low payments and rates, especially if you
plan to move or refinance after a few years. In a Adjustable Rate
Mortgage your principal and interest will be a fixed amount for 3,
5, 7 or 10 years. During the initial fixed period of the loan you
will generally pay a lower monthly payment and interest rate then
you would with a traditional 30 year fixed mortgage. After the
initial fixed period, your loan has an adjustable rate based on the
index of your choice.
Home Improvement: There
are several options to get money for home improvements let the
experienced agents at TransPac Financial fit you with a customized
home improvement loan. |