FAQ's
Why should I buy instead of rent?
A home is an investment. When you purchase a home, the value generally increases over time, meaning that when you sell it, it will be worth more than what you paid for it. You are also paying mortgage every month, which helps to build good credit. Good credit allows you to apply for loans at a lower interest rate. There is also a tax deduction that comes with a mortgage payment.
Can I purchase a home if I have bad credit?
Yes, it is possible to receive a mortgage loan, even if you have bad credit. We have many different loan programs that you can apply for. Based on your credit and your situation, Pacific Northstar’s Loan Officers can help find the loan program that is right for you.
Can I qualify for a loan if I don’t have a down-payment?
Yes, Pacific Northstar offers loan programs that cover 100% of the cost of the home, meaning that there is no down-payment. Many times, we are even able to work the closing costs into the purchase so that even these are financed and included in your monthly mortgage payments.
Should I use a real estate broker to find my home?
There are definite advantages to using a real estate broker to find your new home. The real estate agent has access to numerous listings and can help you find the home that really fits your needs. Also, the real estate agent can guide you through the entire process, helping you to know what needs to be done. S/he can help you avoid pitfalls, such as a home that may be in need of repair. Also, the real estate broker may be able to negotiate a better price on your new home.
How do I know what type of loan program will be the best for me?
At Pacific Northstar Lending, we are dedicated to guiding you towards your new home. Tell us your situation, and we’re happy to listen. All of our loan officers know our loan programs inside and out, and we can help determine the best program for you. We understand that every situation is different, and we will work side-by-side with you until we find a program that is a perfect fit.
How do I apply for a loan through Pacific Northstar Lending?
You can either apply online, or you can contact us to apply. To apply online, click the “Apply Now” link on our homepage (www.pnslending.com). Or, call us anytime at 503-496-5160 or 503-380-3080.
From our clients:
“When my wife and I got pregnant, we knew we had to add another bedroom onto our then two-bedroom home. There was just no room to raise a child in the space we had. But I was already working two jobs, and we were still barely making ends meet. How could we ever afford it? A coworker told me about Pacific Northstar Lending. He said they would really work with me to make sure that I got the money I needed without causing me any additional financial distress. So I called them. Not only did they listen to my story, but they found the best way for me to refinance my home so that I could afford the addition to my house!”
--Ricardo, Portland
Contact Us
10121 SE Sunnyside Rd
Suite 300
Clackamas, OR 97015
Phone: 503-496-5160
Fax: 503-496-5164