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 […]
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
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, […]
3 Tips for Homebuyers in Little Tokyo
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 […]
What is an FHA Loan?
What Are Conventional Loans?
What Goes Into Your Credit Score?
What Credit Score Do You Need to Buy a Home?
What is an Appraisal in Real Estate?
Can You Negotiate Mortgage Rates?
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 […]
What is a Short Sale?
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 […]
What is a Homeowners’ Association?
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 […]