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Frequently Asked Questions
Browse our section of frequently asked questions regarding:

GENERAL LOANS
Are the interest rates at Community Pacific Mortgage competitive?
Yes, they are! Your specific low interest rate depends on factors such as the type of loan you desire, the amount of equity in your home, and your credit report. To find out the low interest rate you will receive, apply online to obtain your pre-approval by email within 24 hours. Or, call Tim toll-free @ 1-866-624-6600 to receive pre-approval by phone in as little as 30 minutes!

Will I have to pay an application fee for inquiring?
No. There are no application fees at Community Pacific Mortgage.

Do I need to go to your offices and fill out lengthy paperwork to get my loan?
No. Your application, your approval, and signing of final documents can be done from the comfort of your own home whether you apply online or by phone. It's simple and free!

Can I use cash from the home equity loan for any purpose?
Yes, in most cases you can use your loan for any purpose. Consolidate your bills, make home improvements, take a vacation, buy a car or boat, start a new business... it's up to you!

Is it possible to get a loan with very little or no equity in my home?
Yes. Community Pacific Mortgage offers loans up to 100% of the value of your house. In some cases there is no appraisal required.

I've had past credit problems, but I'm back on my feet. Will I qualify for a loan?
In most cases, yes! We have loan programs to fit almost any situation regardless of past credit problems. Tim will help you obtain approval for the low interest loan that you deserve.

Can I qualify if I'm self-employed and do not show a lot of income on my taxes?
Yes. We have several loan programs where your income does not require verification.

Is the interest on my loan tax deductible?
Yes, in most cases. However, we advise you to speak to a tax consultant regarding your specific situation.

Should I continue to pay my current monthly obligations during the loan process?
Yes. It's very important that you remain current with your obligations through the loan process, as this might affect your approval.

Should I apply online or by phone?
Whether you apply online or by phone, both are simple and free! Our website offers you the convenience of submitting your application online at your own pace and sending questions by email. Otherwise, if you have all your information at hand and prefer speaking to a loan representative, just call Tim by phone. Either way, we are always willing to answer your questions and help you obtain your loan.

Member of the Golden Gate Better Business Bureau