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 […]
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?
Big Mortgage Myths, Busted
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
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 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? […]
What Does a Mortgage Payment Consist Of?
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 […]