Lake Pacor Home Mortgage Products
| PACOR MORTGAGE HOME LOAN PROGRAMS Pacor makes it easy for you to receive a home loan, refinance an existing home, or receive financing on the construction of a new home. We offer a wide-variety of mortgage programs with competitive rates, minimum documentation options and fast, dependable service. Our experienced origination staff works with you from the first step to the last, ensuring that the mortgage you choose best suits your needs now and down the road. You can apply for a mortgage online -- directly through your computer with our online application. You can also find current information on mortgage loans from the privacy of your home by dialing 1-616-847-3440 FHA LOANS The Federal Housing Authority (FHA) offers a wide range of mortgage options, including fixed-rate mortgages and ARMs. Insured or guaranteed by this government agency, the loans feature low or no down payment terms. |
CONVENTIONAL FIXED RATE Pacor Mortgage Corp. offers a wide range of fixed rate mortgage products at competitive rates. We can help you choose the one that best suits your needs and show you how much your payments will be. CONVENTIONAL 30-YEAR FIXED RATE A 30 - year fixed rate mortgage loan provides you with the security of a monthly principal and interest payment that never increases because the interest rate never changes during the term of the loan. The only change could be an increase or decrease in the amounts the lender collects for mortgage insurance, real estate taxes, or property insurance (escrow payments). CONVENTIONAL 15-YEAR FIXED RATE A 15 - year fixed rate mortgage reduces the amount of interest paid over the life of the loan by accelerating the principal reduction. You can see for yourself which term, 15 or 30 year, is better for you! |
| JUMBO LOANS Jumbo loan programs offer financing on loan amounts exceeding the "conforming" loan limits. Jumbo loans start at $417,000. Pacor offers a variety of competitive fixed rate and adjustable rate jumbo mortgage programs, as well as, jumbo construction/permanent loans to serve your financial needs. Contact Pacor Mortgage specialist for the program that is right for you. |
ADJUSTABLE RATE Do you want the advantage of a low initial interest rate? If so, an Adjustable Rate Mortgage (ARM) may be the right choice for you. With an ARM, the interest rate is based upon an index, which reflects the money market rate. The change in interest rate will also change how much your adjustable rate payments will be. |
| REFINANCE This offers you the ability to obtain additional cash out of your primary home or simply to refinance your property to take advantage of rate reduction. Loan to value ratios vary dependent upon whether it is a "cash out" or "no cash out" transaction and whether a second mortgage loan is being included in the refinance or whether it is being subordinated. |
CONSTRUCTION LOANS Building a house can be complicated, but you can take control of your loan costs with a construction loan from Pacor. We keep the financing simple by offering a one-time closing, combined construction and permanent loan. We approve your permanent loan, so there's only one set of closing costs, saving you time and money. |
| ALTERNATIVE FINANCING If your needs are unique, you are self-employed or your credit is less than perfect, there may be a specific loan in our wide selection of mortgage programs that's perfect for you. At Pacor we give customers a variety of mortgage options, along with personal service from a knowledgeable origination staff. |
PACOR MORTGAGE CORP. IS LICENSED IN ILLINOIS, INDIANA, MICHIGAN, WISCONSIN, ARIZONA, AND FLORIDA
A Member of the Equal Housing Lender