The "818" on Real Estate

Well, Recently I've run into a few people claiming they have been hunting for a home for over a year without being qualified for a loan! Remember that financing is one of the most important components of purchasing a home. The first step is to determine the strength of your FICO score. If your score is below a 640 (higher for conventional loans) you’ll need to take certain steps to raise it. This could take months in itself, so it is a good idea to have it run immediately by a mortgage broker.    The next step is to determine how much of a down payment you would like to put down, AND finally how much you are comfortable spending monthly. Once all these steps are complete we can HUNT with confidence!! I can help you with this process free of charge!  

There has been a TRILLION dollar increase (20%) in home equity in the last 9 months nationally. Home equity is the difference between the market value of your home versus the amount owed on it. This is just another great sign for all homeowners who need OR want to move up/down. You have just received a bonus for weathering the storm. Congratulations! http://www.latimes.com/business/realestate/la-fi-harney-20130106,0,6997483.story If you would like to see what your home is worth, give me a call: 818-326-0945