Pacific Bay Lending Inc
(415) 462-1539
(415) 462-1539
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More Options
Pacific Bay Lending is a Mortgage Brokerage. This means that unlike a Bank, which has only one Lender, the bank. We have dozens of Lenders to choose from. This means that we can find the loan that fits you best.
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We Work For You
We have dozens of Lenders to choose from, but we do not work for the Lenders. We work for You, the Borrower, and If your loan doesn't close we don't get paid. So we work hard to make the process as quick and easy as possible.
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Experience
Our Loan Officers have years of experience. They are experts in the field of Mortgage. Michael O'Reilly, President of Pacific Bay Lending, has been in the Mortgage Industry for 20 years. He has trained hundreds of loan Officers, and closed thousands of loans of all types.
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REFINANCE
By refinancing you can save money in several ways. First is the basic refinance to lower your interest rate, and lower your monthly mortgage payment. Even if you owe more than your house is worth you may be able to refinance. The other way is by doing whats called a Cash-Out Refinance. This means that you pull equity out of your home, and get Money at a low interest rate. This can be used to pay of high interest debt such as credit cards, potentially lowering the amount total you pay each month, and the total interest paid. This can also be used to purchase an investment, such as a rental property, or for home improvements.
PURCHASE
Are you thinking about buying a home. You can buy a Home with as little as 3.5% down with a FHA loan. If you are a Veteran, the VA offers 100% financing. We have dozens of Lenders to choose from. We might be able to make getting that Home that you always wanted a reality. Please give us a call to see about getting pre-qualified.
INVESTMENT
Whether its your first investment property or you have many investment property, we can probably help you. You could possibly lower your payments, and increase your profits with a refinance. If you're looking to grow your property portfolio, we might be able to help you pull equity out of one property with a cash out refinance in order to purchase a new property. If you'r looking into your first investment property a great option is a multi unit home. You can buy a property with up to 4 units, and as long as you live in one unit, it is considered a primary residence. This offers a lower interest rate, and requires a lower down payment.
VA LOANS
VA Loans are only available to Veterans or their surviving spouses. This is a great program because it offers up to 100% financing. If you already have a VA loan and are looking to refinance they also have a great program called IRRRL, Interest Rate Reduction Refinance Loan. You can lower your interest rate, or switch from an adjustable to a fixed rate. It requires minimal documentation from the borrower and usually there is no need for an appraisal. You can also get up to a 4 unit property, as long as its your primary residence, with a 100% financing VA Loan.
REVERSE MORTGAGE
Reverse Mortgages are for people 62 or older, who own their home or have enough equity in their home. Generally instead of paying the Bank a mortgage payment, the Bank pays you. Reverse mortgages allow you to access the home equity you have built up in your home now, and even if you end up owing more then the home is worth when you pass, the debt will not be passed on to your heirs. this is a good program for people who need that extra income, or who just want to enjoy the rest of their life.
"This material is not from HUD or FHA and has not been approved by HUD or a government agency"
"This material is not from HUD or FHA and has not been approved by HUD or a government agency"
COMMERCIAL PROPERTY
We have a large variety of Lenders that do Commercial Loans, and have many options available. If you are interested in purchasing a commercial property, give us a call.
