Downtown Los Angeles Lofts
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 […]
If you’re thinking about buying a condo or loft for sale in downtown Los Angeles, you need to ask yourself these three questions: Can I come up with a down payment? What does my employment history look like? What’s my credit score? Putting Up a Down Payment Unless you qualify for a VA loan (only […]
If you’re like most people buying a loft or condo in downtown Los Angeles, you know you’ll need a mortgage loan to get the cash – but in order to do that, you have to have the right debt-to-income ratio, or DTI. But what is DTI, and how can you figure out what yours is? […]
If you’re buying a loft or condo for sale in DTLA, you know that you’ll need to come up with a down payment – but what happens if it’s not the full 20 percent most lenders want? You’ll have to buy mortgage insurance. But what is mortgage insurance, and how much will it cost you? […]
If you’re like most people buying a condo or loft in DTLA, you want to know how much home you can afford. One way to figure it out is to get preapproval from a lender; that way, you’ll know how much you’re likely to get approved for. But there’s more to it than that. Just […]
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? […]
When you buy a condo or loft in downtown Los Angeles, there are a few things you can do to reduce your closing costs. Here they are: Compare the costs between lenders Evaluate your loan estimate Negotiate fees with your lender How to Reduce Closing Costs on a Loft or Condo in DTLA Compare Costs […]
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, […]
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 […]
If you’re buying a condo or loft for sale in Little Tokyo, it’s a good idea to gather as much information as you can – and these three tips for homebuyers are a good start. 3 Tips for Homebuyers in Little Tokyo First things first: Call a great Realtor® who can help you through the […]
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 […]
If you’re buying a DLTA loft or condo for sale, you’ll most likely need a mortgage loan – and you’re not alone. Most people don’t have enough cash sitting around to buy a home with no mortgage. One of your options is an FHA loan. What is an FHA Loan? An FHA loan is a […]
If you’re like most people buying a loft or condo for sale in DTLA, you know you’ll need a mortgage – but what kinds of options do you have? Today we’re talking about conventional loans. What Are Conventional Loans? A conventional loan is a loan made by a lender to a borrower. It’s not backed […]
If you’re buying a loft or condo for sale in DTLA, you’ll probably need a mortgage – most people do. And that means you need the best possible credit score; that way, you’ll qualify for the best rates and terms. In order to raise your credit score, you have to first understand it. But what […]
If you’re buying a loft or condo for sale in DLTA, you know that your credit score is important – but what credit score do you need to buy a home? Here’s the scoop. What Credit Score Do You Need to Buy a Home? It’s really important to check your credit score before you start […]
If you’re buying a loft for sale in DTLA, your lender will require an appraisal – but what is an appraisal, and why does the lender want one? What is an Appraisal in Real Estate? A home appraisal is an unbiased estimate of a home’s fair market value. Your lender will require it because it […]
If you’re buying a DTLA condo for sale, it’s a good idea to check your credit before you start applying for mortgages. That’s because the higher your credit score is, the better interest rates you’ll qualify for – so it pays to see exactly where you stand. But where do you start? How to Check […]
If you’re buying a condo in DTLA, you’ll most likely have to buy title insurance – but what is it, and why do you need it? What is Title Insurance? Title insurance is something that buyers have to purchase, and it all starts with a title search. During a title search, a title company looks […]
When you’re buying a condo in DTLA, you can – and should – shop around for the best possible mortgage rates. But can you really negotiate with a lender? Negotiating Lower Mortgage Rates For most people, buying a condo involves getting a mortgage loan. Like any large purchase, you should shop around so you get […]
When you’re buying a condo for sale in DTLA, you’ll probably see real estate listings for “short sale” properties – but what are short sales, and should you think about buying one? What is a Short Sale? A short sale occurs when a condo owner who’s financially unable to pay his or her mortgage strikes […]
When you’re buying a condo for sale in Los Angeles, you’ll most likely have to be part of a homeowners’ association. (Learn about HOAs here.) Before you buy in a particular building, though, you need to: Become familiar with the HOA’s rules Decide whether you can live with the HOA’s rules Determine how much the […]
When you buy a condominium, you’re obligated to join the community’s homeowners’ association, or HOA. But what is an HOA, and how does it work? What is an HOA? A homeowners’ association is a group of individuals – usually elected – who charge you a set fee for membership. That fee then translates into grounds […]
If you’re like many people, you’ve heard of VA loans – but what are they, and who can use them? What is a VA Loan? A VA loan is a loan that’s guaranteed by the U.S. Veterans Affairs – it doesn’t actually come from the VA. Having the VA’s guarantee on these loans allows lenders […]
