mortgage loan: 5 Questions To Ask Your Mortgage Lender
- 03/24/23 09:03 PM
Are you thinking about buying a home in the near future? If so, it’s time to get your finances in order. Here are the top questions to ask your mortgage lender.
If you’re preparing to purchase but don’t have a mortgage broker or lender yet, don’t panic! Reach out for a referral to one of our trusted partners.
📲 818 481 9211📧 albertopachecorealtor@gmail.com
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mortgage loan: Homebuyer's Guide Part 3 Alberto Pacheco
- 11/21/22 08:01 PM
Owning vs Renting
Are you emotionally ready? Can you handle the stress? A big factor to consider when buying a home is stress. The Holmes and Rahe stress scale, ranks buying a home in the top 43 most stressful circumstances in life. Four events are specifically home related, change in financial estate (No. 16), large mortgage or loan (No. 20), change in living conditions (No. 28), and change in residence (No. 32). If someone has recently made other life changes such as marriage (No. 7), switching careers (No. 18), having a child (No. 14).. It may be wise to postpone buying a … (2 comments)
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mortgage loan: The Homebuyer's Guide Part 2 Alberto Pacheco
- 10/31/22 04:50 PM
Do you think of or need your house as an investment in your retirement plan? Americans are used to their homes being a store of wealth they can liquidate on retirement part of downsizing their lifestyle. Real estate leads with 31% of Americans choosing it, follow by stocks/ mutual funds at 25%.
A cautionary note though, although home prices have recovered from the pre 2006 market slump and continue to rise, the price of your home can still fall.
Are you financially ready? Owning a home is a financial commitment that requires planning how homeownership will fit into where your life is headed. Ask yourself … (4 comments)
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mortgage loan: Divorce and Real Estate In Los Angeles
- 10/26/22 03:58 PM
The court determines who receives what based upon a variety of factors, such as the relative earning contributions of the spouses. In community property states (like California), on the other hand all income and assets earned or acquired during the marriage are considered to be equally owned. This applies to all debts, no matter who created the liability, in divorce action, there will be divided equally.
In addition, there are mutual court orders that automatically protect marital properties. An automatic restraining order prohibits spouses from selling, transferring, or borrowing against property when a divorce is filed. Again, any orders should be discussed … (2 comments)
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mortgage loan: Mortgage Interest Rates Increased
- 04/12/22 05:15 PM
Mortgage interest rates start increasing in 2020 but they were under 3% for a while but at the end of 2021 were at 4%. This year they are above 5% already
According to the Federal Reserve Board, they may increase 5 to 7 times this year. Those increases are going to make some homebuyers unable to qualify for that they were looking for and either they buy a lower priced home, move to a different area or choose a condo or towhouse
#mortgage, #mortgagerates, #interest, #interestrates, #albertopachecorealtor
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mortgage loan: Five Questions Buyers Will Ask About Your Home
- 01/10/20 05:59 PM
Before you list your home, think about the five questions that homebuyers will ask themselves about your house and be prepared to answer then if your house measures up the best against others when these questions are asked, yours will be the quickest to sell.
Is This a Good Location
We've all heard the adage. "location, location, location". There's a reason for that. No one wants to live in a bad neighborhood. They'll even drive a little further to get to work of they love the neighborhood and/or the kids can go to better schools. The perception of better schools, cleaner air, more … (2 comments)
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mortgage loan: Van Nuys Ca Condo Available For Sale
- 11/08/18 02:54 PM
The condo has 2 bedrooms, 1 bath on the 2nd story and in the first floor is the living room, formal dining area, very spacious kitchen, pantry and another bath.
It is centrally located close to freeways, supermarkets, gas station, library, so on and so forth. Check the Video. It can be bought with a conventional loan with 3 or 5% down. Right now there is down payment assistance available, one of the programs gives 3% for a down payment as a grant.
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mortgage loan: Here's A Quick Way To Figure Out How Much House Can You Afford
- 06/13/16 12:48 PM
The stock answer given to this question is, if you rent and have cash for a down payment you can purchase a home. But what if you don't rent? Then here's the simplified version of what a mortgage broker would do with you.
Step One: Annual Salary
What is your gross monthly income from all sources? If your annual salary is $75,000, divide this by 12 and you'll see that your monthly income is $6,250.
Step Two: Monthly salary x percent you want to spend.
Broker and financial planners ill recommend that you spend anywhere between 25% and 6% of your monthly income on … (4 comments)
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mortgage loan: Real Estate and Mortgage News As of 06-22-09
- 06/22/09 09:34 AM
According to an annual state of the nation's housing from Harvard University's Joint Center for Housing Studies, once the U.S. emerges from recession, strong demographic trends will restore health to the housing market. The key is echo boomers, the 75 million Americans born between 1979 and 1995.
There will be 5 million more echo boomers than there were boomers when they first started swelling housing markets," said Eric Belsky, executive director of the Joint Center. As a result, household growth during the next 10 years should range between 12.5 million and 14.8 million, according to the report. All those new households … (0 comments)
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