Category: Blog

How to Use FHA Financing to Your Advantage

FHA financing will not only let you buy with a low down payment, but they’ll also let you buy a two-unit property with it. Here’s how. One of the problems that I’m noticing in our local community in the L.A. area is the cost of buying real estate. It’s probably happening in your area too. …


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A Solution to Mortgage Approval Changes

Recent changes were made to the mortgage algorithms that approve homebuyers, but there’s a solution to these changes. Free Home Purchase Qualifier Free Home Refinance Rate Checker Many of the ways we lenders look at risk in terms of approving mortgages are through algorithms, and important changes to these algorithms were made on July 20 …


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A Secret About FHA Mortgages

FHA mortgages have a unique feature that makes them a powerful tool when it comes time to sell your home. Free Home Purchase Qualifier Free Home Refinance Rate Checker I have a secret about FHA financing that I’d like to share with you today. I love FHA financing. I look at it as the federal …


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What You Should Know About Escrow Accounts

Today, let’s talk about some of the advantages and disadvantages of escrow and impound accounts. Here’s what you need to know. Free Home Purchase Qualifier Free Home Refinance Rate Checker An escrow, otherwise known as an impound account, actually relates to who is in charge of paying for the property taxes on a home, as …


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How Does a Lender Look at Your Income?

The way you earn your income is a big factor in getting qualified for a mortgage loan. Here’s why. Free Home Purchase Qualifier Free Home Refinance Rate Checker I’ve discovered that we all earn income differently. So today I wanted to spend just a couple minutes to talk about the different kinds of income we …


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When Can You Remove Your Mortgage Insurance

For most homebuyers, mortgage insurance doesn’t last forever. Here’s when you can remove it. Free Home Purchase Qualifier Free Home Refinance Rate Checker Does mortgage insurance last forever? For most of us, the answer is no. Eventually, you have the option of removing it. The lone exception, however, is if you used FHA financing and …


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What Is Mortgage Insurance & How Does It Work...

You’ve probably heard of mortgage insurance, but might not understand what it really is. Today we’ll explain what mortgage insurance is and why it matters. Free Home Purchase Qualifier Free Home Refinance Rate Checker Private mortgage insurance, or PMI, is a term most of us are familiar with—especially the homeowners among us. What’s its function …


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Can You Live in a Home in L.A. for Less Than $100 ...

Is it possible to find a place in L.A. that’s under $100 a month?  Free Home Purchase Qualifier Free Home Refinance Rate Checker While at my desk recently, I wondered to myself, “What if I were able to purchase a property right here in Los Angeles with a monthly payment of about $100 a month?” …


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Trended Credit Data Gives Us a BIG Opportunity

By taking advantage of trended credit data, you could come out on top. Here’s how. Free Home Purchase Qualifier Free Home Refinance Rate Checker To put it simply, trended credit data is the biggest change to credit since the invention of credit scores. This term refers to the new way that lenders are able to …


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What Homebuyers Need to Consider Before Buying a H...

Here’s a great question that I’m frequently asked: Is it a good time to buy real estate? Today I’ll discuss my thoughts. Free Home Purchase Qualifier Free Home Refinance Rate Checker Is now the right time to buy real estate? I have a funny feeling that many of us real estate professionals will answer this …


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