Image Courtesy of Unsplash Article Courtesy of Katie Conroy Many people think primarily about passive income when they are considering their first investment property. It’s important to know that while that’s a realistic goal, there are several steps to take before you reach it. Read on as we explore the realities of becoming an investor, […]
What Do Equifax, TransUnion and Experian Do?
If you’re buying a loft or condo for sale in Little Tokyo, you’ll probably need to get a mortgage loan – but whether you’re able to or not depends largely on your credit score. Usually, lenders check your credit score through the three main credit bureaus: Equifax, TransUnion and Experian. They also look at your […]
How to Get Mortgage Preapproval From a Lender
If you’re buying a condo or loft for sale in Little Tokyo, you’ll probably need a mortgage loan – most people do. The first step in your home search should be getting preapproval for that loan. Here’s how. How to Get Mortgage Preapproval From a Lender After you’ve shopped around for the best rates and […]
7 Mortgage Terms You Need to Know
When you’re buying a loft or condo in Downtown Los Angeles and using a mortgage (like most people do), you’re going to hear all kinds of industry terms. Here’s how to make sense of it all. 7 Mortgage Terms You Need to Know Check out these common terms: Amortization Appraisal Closing costs Earnest money Points […]
How Can You Calculate Your Own DTI?
High and Low Appraisals: What You Need to Know
When you buy a condo or loft for sale in DTLA, your lender will probably require an appraisal. But what happens if the appraiser’s value doesn’t match the home’s sales price? Here’s what you need to know. Related: What is an appraisal in real estate? High and Low Appraisals: What You Need to Know An […]
3 Things Buyers Need to Know About Real Estate Appraisals
What is a Home Appraisal?
2019 Mortgage Advice
If you’re like most buyers, it’s been a while since you last dove into the housing market. Maybe you’re looking for your first condo for sale in DTLA, or maybe you’re buying your second, third or subsequent place – but no matter what you’re doing, it’s safe to say that the mortgage market has changed […]
What is Loan-to-Value Ratio When You Buy a Condo or Loft in Downtown Los Angeles?
Understanding PMI
When you buy a loft or condo for sale in DTLA with less than 20% down, you’re most likely going to have to buy private mortgage insurance. But what is private mortgage insurance, and when can you stop paying it? Understanding PMI: What is Private Mortgage Insurance? Private mortgage insurance is money you pay out […]
3 Common Mortgage Questions, Answered
When you’re buying a loft or condo for sale in DTLA, you’ll most likely have to get a mortgage loan – most of us do! But that means you’ll probably have plenty of questions for your lender. Check out these three common mortgage questions so you know what you’re getting into. 3 Common Mortgage Questions, […]
How Much Are Closing Costs When You Buy a Condo in Downtown Los Angeles?
Mortgage Terms You Need to Know in 2019
What You Need to Know About Adjustable-Rate Mortgages
You’ve heard about adjustable-rate mortgages, but if you’re like many people, you don’t know a whole lot about them. Adjustable-rate mortgages, or ARMs, can be a good choice for some people. Are you one of them? What You Need to Know About Adjustable-Rate Mortgages An ARM, which is also called a variable-rate mortgage, is a […]
Should You Pay Off Your Mortgage As Quickly As You Can?
Big Mortgage Myths, Busted
How to Get a Mortgage if You’re Self-Employed
What is Private Mortgage Insurance, or PMI?
If you’re buying a loft or condo for sale in DTLA, you’ll probably need a mortgage loan to do it. Most people do. And you may also need to pay for private mortgage insurance. But what is private mortgage insurance, and why would you have to buy it? What is Private Mortgage Insurance? Private mortgage […]
3 Credit Myths That Might Hurt Your Chances of Buying a Loft or Condo
3 Great Pieces of Mortgage Advice
If you’re buying a condo for sale in DTLA, you’ll probably need a mortgage – most people do. But here’s some mortgage advice you probably haven’t heard. 3 Pieces of Mortgage Advice for Home Buyers Shop for the best interest rate Keep your payment under what you make in one check Make extra mortgage payments […]
How is Financing a Condo Different From Financing a House?
If you’re buying a condo for sale in DTLA, you need to know that financing one is a lot different from financing a single-family home. Even if this isn’t the first condo you’ve purchased, here’s a quick refresher that can help you understand how financing a condo is different from financing a single-family house. How […]
What Goes Into Closing Costs?
Buying a condo or loft for sale in DTLA, for most people, means taking out a loan and sitting down at the closing table… and paying closing costs. But what goes into closing costs, and how much will they run you on closing day? What Goes Into Closing Costs? Your closing costs include several fees […]
VA Loan Benefits When You Buy a Loft or Condo in DTLA
What is DTI When You Buy a Loft or Condo in Downtown LA?
What is Mortgage Insurance?
How to Figure Out How Much House You Can Afford
VA Loan Requirements
If you’re thinking about buying a condo or loft in DTLA using a VA home loan, here’s what you need to know about qualifying. VA Loan Requirements The VA has very specific requirements on who can qualify for this type of loan. Here’s a quick run-down – ask yourself these questions: Are you active duty? […]
How to Reduce Closing Costs on a Loft or Condo in DTLA
What Does a Mortgage Payment Consist Of?
Fixed-Rate vs. Adjustable-Rate Mortgages
When you’re buying a condo or loft in DTLA, you’ll have a few choices on what type of mortgage loan you get. For some people, fixed-rate is the best choice; for others, adjustable-rate is best. But what are the differences? Here’s what you need to know. What is a Fixed-Rate Mortgage? In a fixed-rate mortgage, […]
When You Can Lose Your Earnest Money Deposit on a Loft or Condo in DTLA?
What is Mortgage Preapproval?
If you’re buying a loft for sale in DTLA, your first step is to get mortgage preapproval – and here’s why. What is Mortgage Preapproval? Mortgage preapproval is essentially a lender telling you, “Ok, as long as your financial situation doesn’t change between now and the time you officially apply for a mortgage loan, we […]
3 Myths About Mortgages That Most People Believe
If you’re buying a condo or loft for sale in DTLA, you’ll most likely need a mortgage – most people do. But these are three persistent myths about mortgages that you should know before you start applying. 3 Myths About Mortgages That Most People Believe The biggest three myths about mortgages are: Co-borrowers get rates […]
How to Estimate How Much House You Can Afford
Most people buying a loft in DTLA have to crunch some numbers to figure out how much home they can afford – even if they’re currently renting, because owners incur different costs than renters do. So how do you estimate how much house you can afford? How to Estimate How Much House You Can Afford […]