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Refinance
Pacifica Mortgage can help clients with the refinance of a home, condominium, rental or vacation property. We have loan programs that can be custom tailored to meet the specific needs of many types of clients including those with less than prime credit or self-employed individuals.
Pacifica's offers a wide variety of refinance options in the loan process:
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Cash Out: You can access the appreciation on your property. When the principal amount of a new mortgage involved in refinancing is greater than the principal amount outstanding of the existing mortgage being refinanced, and all or a portion of the equity is converted to cash. |
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Easy Qualifier Loans: require limited, alternative documentation or no income or asset documentation. |
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100% Loans |
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Interest Only Mortgage: This type of mortgage will minimize your monthly mortgage payments. Your monthly payments are lower than a conventional loan because it only pays the interest on the outstanding loan and does not reduce the principal debt on the loan. |
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Adjustable Rate Mortgages (ARMS) or Variable Rate Loans: typically start with a lower interest rate than most fixed rate loans. The interest rate on these loans will change after a pre-determined amount of time and the monthly mortgage payment adjusts accordingly. After a preset payment period (usually are 1,3, 5, 7, or 10 years) your interest rate may adjust and your mortgage payment will also adjust. |
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Fixed Rate Loans: offer a set interest rate and payment for the full length of the loan usually 15 or 30 years. |
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