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home buying 101: A Real Estate Marriage - 06/07/08 05:25 AM
What does it take to get married? Well, it starts with a formal proposal. With life in general, two people meet. Man loves woman. Woman loves man. Man buys a diamond ring (as is the formal custom), gets down on one knee and says “will you marry me?” Then he experiences a split millisecond of gut wrenching terror while he awaits a response; hopefully a yes!In real estate, man AND woman (though sometimes alone and not together) look for a home. At first they go it alone (newspaper, weekend open houses, maybe craigslist?). One or two weeks in they make nice … (14 comments)
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home buying 101: "Who should I work with? A Broker or a Banker?" - 11/20/07 04:31 AM
In this series of posts outlining the mortgage application process while pointing out potential pitfalls, I said that I would answer some basic questions for you. Questions such as:
"Where do I start?""Should I go with a Banker or a Broker?"
Well, in our previous article, The Mortgage Application Process: getting a mortgage the right way!, we said that we would teach you how to "Select the Right Loan Professional." But before we go there, let's give you some answers to the ever-so-popular "Broker v. Banker Debate."
But I warn you, this debate can be a long-winded debate! We … (8 comments)
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home buying 101: "I want to buy a home. Where do I start?" - 11/19/07 05:39 PM
[This is the first in a series of upcoming posts outlining the mortgage application process while pointing out potential pitfalls.]
Home Buyers will often ask...
“How do I get started?”“Where do I start?”“Should I go with a Banker or a Broker?”“I should shop around but how do I know I’m getting the best rate?”
These are all questions that I’m going to answer for you. But first and foremost, there is something that you must do… Get your paperwork in order!
You can start by reading:
The Mortgage Application Process: getting a mortgage the right way!
Upcoming Articles: The Broker v. Banker … (2 comments)
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home buying 101: The Mortgage Application Process - 11/18/07 06:06 AM
If you recall our previous post, WHAT'S YOUR RATE?, then you're aware of the pitfalls surrounding the mortgage application process. Surely as you get started, you'll have several questions. Questions such as: “How do I get started?”“Where do I start?”“Should I go with a Banker or a Broker?”“Can I shop around? How do I know I’m getting the best rate?”
These are all questions that I’m going to answer for you. But first and foremost, there is something that you must do… Get your paperwork in order! For the sake of explanation, let’s use an analogy… Applying for a mortgage … (5 comments)
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home buying 101: I Want A Mortgage...what's your rate? - 11/16/07 03:32 AM
When you turn on the flicker and all you hear is market doom and gloom and our continuing credit crisis, it's because the originator on the receiving end of this question responded by saying:
"What do you want it to be?"
And low and behold you were SOLD a rate!
You called Lender after Lender...the scenario played out something like this:
SCENARIO #1Borrower: "What's your rate?" Honest Lender #1: "Well Mr. Shopper, rates are based on a variety of factors: credit score, income... [CLICK! Mr. Shopper just hung up!]SCENARIO #2Borrower: "What's your rate?"Honest Lender #2: "Today's 30-Year Fixed Rate Mortgage … (28 comments)
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home buying 101: Organize Your Finances - 08/01/07 09:13 PM
I know that it can be rather stressing but believe me, you'll save money in the end. That is afterall what the goal right? Making your home purchase affordable!
I’m referring to your:
Tax ReturnsPay StubsChecking Account StatementSavings Account StatementsMutual Fund Account Statements, etc. ... [READ ON]
Ricardo Bueno - Residential | Commercial | Construction Investment Advisor
Ricardo Bueno is a Mortgage Advisor & Team Leader with Wilshire Financial, Inc. A diversified mortgage brokerage located in Pasadena, CA.
… (0 comments)
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home buying 101: Determining What You Want In A Home - 08/01/07 04:43 PM
Let's start by making (3) three columns...
Column 1 | List "Must Have" Features:
A specific neighborhood or school district(3) three bedroom or (2) two car garageZoning restrictions ~ if you want to run a home-based business(1) one story or (2) story houseetc. Column 2 | List Features that "You Would Like":
...[READ ON]
Ricardo Bueno - Residential | Commercial | Construction Investment Advisor
Ricardo Bueno is a Mortgage Advisor & Team Leader with Wilshire Financial, Inc. A diversified mortgage brokerage located in Pasadena, CA.
… (2 comments)
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home buying 101: Home Buying 101 | Key Steps In the Home Buying Process - 08/01/07 04:08 PM
Once you begin to understand all parts of the home buying process, you'll feel confident with all the requirements of those involved in your transaction, as well as yourself.
Home Buying Process Overview:
Put your finances in orderDecide on your needs and wantsFamiliarize yourself with the mortgage industryGet Pre-Approved for a mortgageWorking with Real Estate Agents[READ ON]
… (0 comments)
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home buying 101: Looking for the Answer to Successful Home Ownership? - 07/31/07 06:58 PM
Are you looking for the answer to successful home ownership?
That's simple!
EDUCATION IS KEY!
The buying process should be as transparent as possible so that YOU, the consumer(s), are confident in that the decision you're making is a prudent financial move.
The goal is after all is to Build Wealth Through Real Estate!
You want to be familiar with the following topics:
(Each of these topics are to be presented in a series of posts titled Home Buying 101. They will be posted at The Mortgage Cafe ~ Ricardo's Blog for the First Time Home Buyer)
Familiarize Yourself With the Process of Buying A Home … (3 comments)
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home buying 101: 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)
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home buying 101: Home Buying 101 :: Your Los Angeles Loan Officer - 05/30/07 05:39 PM
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Ricardo Bueno
Los Angeles,
CA
More about me…
Diverse Solutions
Office Phone: (877) 348-7654
Email Me
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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