Joel Postma, Mortgage Advice. Nmls#1574770
American Pacific Mortgage Corp
NMLS 1850
Mtg Advice
Equal Housing Opportunity
AZ BK 0906702
American Pacific Mortgage Corp NMLS 1850/ Mortgage Advice/ Equal Housing Opportunity / AZ BK 0906702 /Licensed in AZ
06/12/2023
Mortgage Questions are fluid and dynamic.
What Question would you start with?
24/01/2023
The reasons for buying a home has changed. Do you concur? How do you think this will affect home builder designs?
If you are following this page.. .give a comment about how you found it.
10/01/2023
The actual Algorithm is secret.. but here's an example of how your FICO score weighs in on FIVE Major areas of your credit score.
Being 30 days late on a payment is the FICO score big killer. I've seen it drop scores 70 or more points.
Maxed out a balance on a credit card is also reports negatory (under 10% is safe )
Appling for a new credit drops your score. Getting a car loan or a Furniture Credit Line while you are buying a home has killed home loans in the past. Now you have furniture and no home to put it!
Closing a credit line erases the all the good in the "Length of History" Even when you don't mean to, like making the last car payment closes that line of credit and kills the good history you had on that.
Having a good FICO score means you have better options for home loan products. Message me to discuss.
15/11/2022
How to Win Against Cash Offers in Today’s Housing Market
How to Win Against Cash Offers in Today’s Housing Market Some of the biggest competitors for homes on the market today pay cash, which can make it tough when YOU don’t have cash. You don’t have to win the lottery—you simply need APM’s CashBuys program.
PRO TIP: Since Inflation drives mortgage interest rates, When is inflation going to peak? “We expect to see a little more heartburn in inflation over the summer, due to how the inflation number is calculated. October is when we think we will be out of the woods.” – Barry Habib 6.1.2022
20/10/2021
its nice to get Kudos from the Corporate guys !
12/03/2021
The actual Algorithm is secret.. but here's an example of how your FICO score weighs in on 5 Major areas of your credit score.
Being 30 days late on a payment is the FICO score killer. Ive seen it drop scores 70 or more points.
Maxed out a balance on a credit card is also not good ( under 10% is ideal )
Appling for a new credit will drop your score. Don't get a furniture loan if you are in the process of getting a home loan.
Closing a credit line erases the all the good in the "Length of History"
Having a good FICO score means you have better options for home loan products. Message me to discuss.