PRM Congratulates our Top 10 Producers for June 2014!

Avoid Mortgage Insurance with Subordinate Financing

Mortgage insurance is required for conventional home loans with a down payment of less than 20 percent of the appraised value of the home. The cost of mortgage insurance depends on the size of the down payment, the loan and … Continue reading

Market Monitor 7.17.2014

HUD Scorecard Shows Housing Market is improving The U.S. Department of Housing and Urban Development (HUD) and the U.S. Treasury Department recently released the June edition of the Housing Scorecard. The June Housing Scorecard shows that sales of new and … Continue reading

Weekend Fun – July 18-20

‘Tis the fair and festival season! This weekend is full of family friendly festivals and fairs for all interests and ages. The Gresham Arts Festival, July 19, in Gresham, OR, is filled with talented artists selling their latest masterpieces, turning … Continue reading

Tips on Financing Short Sale or Foreclosed Properties

Writing an offer on a short sale or foreclosed property? Make sure your buyers are informed! While buying a short sale or foreclosed property may seem like a great deal to your clients, there are some important things to consider from … Continue reading

Market Monitor 7.9.2014

Mortgage Applications Up After Several Weeks of Declines The Mortgage Bankers Association (MBA) surveys the number of mortgage applications weekly. After five weeks of declining applications, last week’s applications were up 1.9%. Purchase applications were up 4%, while refinance applications … Continue reading

Co-signers Causing Surprise Defaults on Private Student Loans

Many students use a co-signer (typically a parent or a grandparent) to qualify for private student loans. Co-signers can also help students qualify for lower interest rates and are liable to repay a loan if the student doesn’t. While usually … Continue reading

USDA Turn Times

Once your USDA loan files have completed PRM’s appraisal and underwriting process, they are immediately submitted to USDA. Current approvals from USDA are being quoted at 25 business days. When writing any new purchase contracts, don’t forget to account for … Continue reading

Weekend Fun – 5K Fun Runs

5K’s (3.1 miles) are one of the most popular races for all fitness levels. Training for a 5K fun run will not only help you get in shape, but allows you to enjoy spending time with family and friends. 5K … Continue reading

PRM Expanding Lending Options for Investment Buyers

Lending for investors wanting to expand their property portfolio and finance more than four properties has always been pretty tricky…until now! Pacific Residential Mortgage (PRM) offers your investors the opportunity to use their cash to finance multiple properties using our … Continue reading