Healthy Financial Living - Your Los Angeles Loan Officer - 06/29/07 05:42 PM
         
                                                         Everyone wants to have a healthy financial life!
Unfortunately, not everyone knows how to do this. Additionally, and to further add to one's troubles, let's not forget credit cards, debt, and other useless junk that clutter our daily lives, constantly telling us that "we need this" or "we need that" and often we buy them regardless of the consequences.
Below are some ways that we can save money, and contribute to a healthier financial living. Some of the suggestions are easy, while others take a bit more planning and time. Regardless of time, all of these can help you to save money. Remember, every … (4 comments)

Going Commercial - 06/26/07 11:18 PM
William Shakespeare said,
When we mean to build,
We first survey the plot, then draw the model,
And when we see the figure of the house,
Then must we rate the cost of erection,
Which if we find outweighs ability,
What do we then but draw anew the model
In fewer offices, or at least desist
To build at all? -- William Shakespeare
Moving from investing in small residential complexes to investing in complex multi-unit or mixed-use commercial complexes is the equivalent of moving from Junior High straight into College. Though today's market place allows the investor the same types of financing for their … (1 comments)

Benefits & Dangers of Having A HELOC - 06/26/07 01:51 AM
Home Equity Loans: What They Are & How They Work 
A home-equity loan, also known as a second mortgage, lets homeowners borrow money against the equity in their homes. Home-equity loans provide a way for consumers to somewhat lessen the effects of that year's tax changes, which also eliminates deductions for the interest on most consumer purchases. Through home-equity loans, homeowners can borrow up to $100,000 and still deduct the interest when they file their tax returns. Now keep in mind that there are two types of these loans and both have benefits and traps to look for.
Two Types of Home-Equity … (2 comments)

2nd Mortgages vs. Home Equity Lines of Credit (HELOCs) - 06/25/07 06:07 PM
SECOND MORTGAGES
A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar amount paid out at one time, in the same way as a first mortgage. As with firsts, such seconds may be fixed rate or adjustable rate.
A home equity line of credit (HELOC) is usually a second mortgage also, but instead of being paid out at one time, it is structured as a line of credit. A HELOC allows the borrower to draw an amount at any time up to some maximum. They are always adjustable rate. … (0 comments)

Arroyo Parkway Enhancement Project - Community Meeting Scheduled 6/28 To Learn More - 06/19/07 03:08 AM
                       
As you exit the 110 freeway, Arroyo Parkway serves as the gateway into beautiful Pasadena. This summer, Arroyo Parkway is in for quite the landscaping facelift!
What we know so far...
The project (known as The Arroyo Parkway Enhancement Project) will be supervised by the Public Works Department and will commence this summer between Colorado & California Boulevards; we can already see some of the renovations taking place as you drive up and down Arroyo Parkway close to Colorado Boulevard. Completion of the overall project is set for the Fall.
Imagine driving off the 110 freeway to the sights of this!      
                                                   … (1 comments)

Closing Costs - What you should expect to pay! - 06/19/07 02:18 AM
                    
Here are some of the Closing Costs that you should anticipate incurring while securing your new purchase or refinance loan. Once you have applied for a loan, you will receive a Good Faith Estimate of the settlement charges required for your loan.
Loan Origination Fee:
This is a fee charged by the lender to cover the servicing costs associated with the processing of your loan. This is a one-time fee charged and is expressed as a percentage of the loan amount.
Also note that some lenders will charge you Administrative and Processing Fees for your loan application.
Loan Discount:
Loan … (1 comments)

Pasadena Chalk Art Festival - let's take a walk and look at some of the art! - 06/18/07 12:13 AM
Well I told you all that I'd be at the Pasadena Chalk Art Festival today! I saw a lot of familiar faces and for those of you that were not able to make it, here's a look at some of the work!
With it being a Graduation weekend & Father's Day, there wasn't a lot of time to spend at the festival but it was nevertheless amazing to see all of the varying pieces of art. In it's 15th Year, imagine hundreds of artists from all around Southern California. And to think that they did it using only pieces of chalk!
 
Let's start with … (8 comments)

The Pasadena Chalk Festival - Sunday 6/17/2007::Come & Join the Fun!!! - 06/17/07 02:33 AM
What: The Pasadena Chalk Festival
Where: Paseo Colorado                                                                                                
           280 E. Colorado Blvd.
           Pasadena, CA 91101
           (Between Marengo & Los Robles)
           Murals on Garfield Promenade & Upper Fountain Court
When: Saturday 6/16/07 & 6/17/07
          10 A.M. to 7 P.M.
What is it? It's the world's largets street painting festival! Various artists from all across Southern California will be there to draw spectacular murlas using sticks of pastel chalk. And their canvas? Pavement covering two city blocks! This event is now in it's 15th year and is open to the public free-of-charge!
For more information you can visit: www.pasadenachalkfestival.com
Here some samples of great art … (3 comments)

100% Financing on Jumbo & Super Jumbo Loans W/No PMI - Here's how - 06/17/07 12:21 AM
Introducing our Pledged Asset Loan Program!
Let's say for example that you have an investment porfolio earning a pretty hefty rate-of-return for you. Now a rate-of-return simply put, is the gain or the loss of an investment over a specified period of time and it's usually expressed as a percentage increase on the initial cost of the investment (your cost-basis). So in our example, let's say that your investment portfolio is earning you a modest 12 - 14%. That's a pretty good rate-of-return; well that's more a matter of perspective based on one's wants and needs. But for the sake of … (3 comments)

To Pay, Or Not To Pay...POINTS that is! What are they?:::Your Los Angeles Loan Officer - 06/13/07 11:58 PM

POINTS - An often mis-understood concept for the first time home buyer.
Question: What are points?
Answer: They are nothing more than interest that is paid up front; at the time of closing on your loan. You usually pay points in order to obtain a lower interest rate on a loan thereby making your loan payment more affordable.
For Example:
                                   
So what do YOU get out of paying $3,000? Paying (1) one point usually corresponds to 1/4 to 3.75/8 of a percent lower interest rate; depending of course on the loan program and your credit rating. Use the Loan Payment … (0 comments)

Tonight at Parker's Lighthouse::"Why should I join Active Rain?" I'll tell you why!!! - 06/10/07 05:39 AM
As you know today was the big day...Active Rain's birthday celebration at Parker's Lighthouse! (Organized by Jeff Turner)
And I have to say that there was some great food, great drinks, but most importantly...it was great to meet a lot of the Rain's familiar faces in person, including those that are behind the scenes. And it was great to see all of the familiar agents out there as well! 
 
(Top-to-bottom, left-to-right: Irina Netchaev, Laurie Manny, Ana Connell, Brian Brady, Marlene Bridges, Tisza Major-Posner, Jeff Turner, Matt Heaton, and Jonathan Washburn)
As we arrived, I saw Lynda Eisenmann walk in. She's the broker-owner of … (40 comments)

How to Stage Your Home for Selling (Part 1 of 4)::Los Angeles Loan Officer - 06/08/07 07:02 PM
How to Stage Your Home for Selling
If you're in the market for selling your home, then you already know that you have a lot to do to get your home ready. That's what these series of tips are for. The next few posts I will cover steps that should help to sell your home faster, and encourage buyers to offer more for it.
Preparation: Curb Appeal and First Impressions
As the seller, it is often helpful to think from the perspective of the buyer. Keep a few things in mind when preparing your home for selling.
Most home buyers decide whether or not to look at a house … (0 comments)

The Importance of the Internet::Los Angeles Loan Officer - 06/08/07 01:19 AM
More and more homebuyers and sellers are turning to the Internet as a resource for buying and selling homes.  Today, more than 70% of all homebuyers and sellers are using the Internet! 
For the homebuyer, having access to a large number of homes for sale in one place and being able to access it without having to go through all of the traditional hassles, has made the purchase process much easier. 
The modern agent of today is offering buyers and sellers easily accessible information on their web sites.                      
My advice: Seek out these agents and the sites that offer you the information and … (0 comments)

The Most Common Mistakes That Home Buyers Make::Your Los Angeles Loan Officer - 06/05/07 02:13 PM
The most common mistakes home buyers make: 1) Timing Problems. Not planning the move to coincide with the end of their lease often creates a big dent in the budget. Check with your landlord about an early release clause from your lease if you are considering buying a home. 2) Looking at Homes You Can't Afford. You might find that when you do a reality check and start looking in your price ranges, that the houses are rather disappointing. Get pre-qualified and then stick within your budget. 3) Buying the Wrong Sized Home. Consider how long you plan on being in the property and … (2 comments)

Adding Value to Your Home :: Los Angeles Loan Officer - 06/02/07 03:33 PM
ADDING VALUE TO YOUR HOME
When you prepare to purchase your home, you choose that home based on specific criteria, whether that is the amount of space, number of bedrooms and bathrooms, or any amenities that you desire. As you begin to live in a home, your home takes on your personality through enhancements, decorating and other improvements.
While you personalize your home, consider adding to its value as well. Be spending just a little money and time, you can save yourself major repair bills as well as add value. Consider these 4 easy tips:
Financing Options - Make sure to stay on top … (0 comments)

 

Ricardo Bueno

Los Angeles, CA

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Diverse Solutions

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I work for Diverse Solutions, Inc. a real estate technology firm based in Irvine, CA. We offer Mapping IDX Solutions and a WordPress IDX Plugin to make real estate agents more successful. Overall, I'm passionate about marketing and technology for the real estate industry!


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