New Escrow this December… this gorgeous home is fully upgraded, located in the heart of Encino, and comes complete with a secluded private yard, fountain pool, lounge area and plenty of greenery. One of the best features of this home is the private yard, pictured below with no neighbors facing in.
This home is equiped with hardwood floors, a private master suite, and a brand new gourmet cooks kitchen including stainless steel appliances throughout!
Lending Guidelines - Equity Requirement on Departing Residences in order to Count Rental Income for Qualifying Purposes
Did you know that if you are departing your primary residence or home, and are planning to purchase a new primary home, that you will need to have 30% equity in the departing residence in order to use rental income from that house to increase your purchasing power for your new home loan qualification.
Without this 30% equity, you will have to qualify for not only the new mortgage, but the … (1 comments)
The Federal Housing Finance Agency (FHFA) announced just days ago that the maximum conforming loan limits for 2013 are to remain unchanged from 2012. Who is FHFA and how do they relate to Fannie Mae and Freddie Mac? · The Federal Housing Finance Agency is the institution governing Fannie Mae and Freddie Mac. Fannie and Freddie’s sole purpose is to “expand affordable housing” and “bring global capital to local communities to serve … (4 comments)
This post is a continuation of my last blog closing with the question: What is most important to you in a Loan Officer?
Here are some questions that I know myself, and many other Lenders, Brokers, Mortgage Bankers and Loan Officers out there would love to hear feedback on, from you realtors and borrowers alike. For REALTORS: What is most important to you, as the real estate agent, when it comes to deciding who you refer your loans to / use as your lender? … (1 comments)
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