home loan: How Much Money Do You Need To Save To Buy A Home In Orange County CA?
- 11/23/12 03:22 PM
PURCHASE PRICE AFFECTS HOW MUCH MONEY TO SAVE TO BUY A HOME IN ORANGE COUNTY CA How much money do you need to have to buy a home in Orange County, California? This is a question I get frequently, and the short answer is, it depends. For the long answer, your home loan agent would need to collect all of your financial information, including a list of your income and monthly debts, to first determine the purchase price you'll qualify for. The reason for this first step, is due to the fact that the purchase price will directly affect how much … (2 comments)
home loan: What Is LTV Or Loan To Value Ratio?
- 10/21/12 08:10 AM
WHAT IS LTV OR A LOAN TO VALUE RATIO? If you're in the process of a home loan in Orange County, you may have heard your loan officer mention the term LTV. So, what is LTV, and what does it mean when your home loan agent says that he or she needs to determine what your LTV, or Loan to Value ratio is? In the video below, you'll find out what a Loan to Value ratio is, and why it's so important to your Orange County home loan process.
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home loan: 3 Ways To Sabotage Your Home Loan
- 12/03/10 01:17 PM
3 Ways To Sabotage Your Home Loan #1- Start buying things using credit or open up new credit accounts! So, what's the big deal? You got your mortgage loan approval. Your loan officer (perhaps it was even me) said that everything's good and we should be able to draw docs soon and close your home loan in a short period of time. So...what's the problem? The problem is that lenders are now re-checking credit reports prior to funding home loans. In the past, this was rare, now it is required. In fact, more often than not, mortgage loan underwriters are asking … (6 comments)
home loan: Before You Apply For a Home Loan
- 11/22/10 01:27 PM
Before You Apply For a Home Loan... Whether you're looking to refinance your current mortgage, or you're in need of a new home loan for a property that you wish to purchase, it will save you time, stress and money if you take care of a few things prior to applying for the loan.Some of the smallest issues can derail a home loan, and many of these details can be handled in advance, if the borrower is aware that they exist. Below, are a couple of items that we commonly see, that go unresolved, until it's too late.1) Collections- Even tiny collection … (2 comments)
home loan: Should You Refinance Your Mortgage?
- 11/10/10 04:09 PM
Should You Refinance Your Mortgage? While it's true that mortgage interest rates are at unbelievably low levels, which haven't been seen in forever, refinancing might not be beneficial for some people. The answer to this question is not as simple as yes or no. There are several factors that play a part in answering the question of whether or not you should refinance your mortgage right now. The 3 key points to identify are: 1) How long do you intend to stay in your home? This is the #1 question that will determine if a refinance is right for you, due … (4 comments)
North Orange County and Riverside County California Real Estate Sales: Anaheim Hills - Brea - Corona - Fullerton - Norco - North Tustin - Orange - Placentia - Tustin - Villa Park - Yorba Linda
PURCHASE PRICE AFFECTS HOW MUCH MONEY TO SAVE TO BUY A HOME IN ORANGE COUNTY CA
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