Today, let’s talk about some of the advantages and disadvantages of escrow and impound accounts. Here’s what you need to know. 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 well as the homeowners insurance. So will you pay […]

The way you earn your income is a big factor in getting qualified for a mortgage loan. Here’s why. 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 can have and how we in the lending world […]

For most homebuyers, mortgage insurance doesn’t last forever. Here’s when you can remove it. 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 a low down payment for your mortgage. For those homebuyers, their mortgage insurance lasts […]

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. Simply put, it’s an opportunity to buy real estate with less than 20% down. Say you were enlisting my help in buying a $400,000 home and we were making a […]

Is it possible to find a place in L.A. that’s under $100 a month?  That silly question brought something else to mind: a special loan program we use that allows buyers to get into a four-unit home with just a 5% down payment, rather than the traditional 20% requirement. In fact, from that 5%, only […]