What we can offer:
Cash out loans using your home as an investment tool to obtain lower interest rates that may be tax deductible.
You owe $350,000 on your home that has an estimated value of $500,000. You intend to purchase a boat that is valued at $50,000. New loan will be $400,000. Payoff old loan and receive $50,000 to purchase your boat of choice. You have more purchase power with cash then with boat financing.
Boat loans on average have interest rates around 5% and that is considering a newer model boat. Anything over 20 years old is subject to higher rates.*
Current interest rates for cash out on owner occupied homes are currently around 4% and your home loan interest can be tax deductible. (consult a licensed CPA for any questions regarding interest deductions)
Boat loans are also deferred to having a term of 15 years or less (typically). This causes payments to be twice as much than if you were to include in a 30 year fixed home loan. Reduce monthly payments and monthly interest by utilizing your home as a powerful tool in your investment purchases.
A Reputation Built on Experience and Success
Pacific First Mortgage offers insight into the home financing marketplace that allows us to create a real estate strategy that truly helps you make the most well informed decisions possible. We are dedicated to providing creative solutions for our clients that produce effective results in achieving their real estate goals by becoming a "well informed investor". We accomplish this through respect and attentiveness to their needs, supported by innovative strategies and unparalleled expertise.
My strength is sustained by the relationships I create. I operate from a position of honesty, integrity and respect for the individual, consistently making this my focus. I am driven to provide the highest level of service, as well as performing beyond the client's expectations
Check out more at Pacific First Mortgage