#1 California Mortgage Broker | 323-741-5858
Key Takeaways: What does active under contract mean? It means the seller accepted an offer, but the sale is not final yet. The home is under contract, but financing, inspection, appraisal, or other steps still need to be cleared. Does under contract mean sold, and can...
Key Takeaways: An appraisal gap is the difference between the home’s purchase price and its lower value. This matters because lenders base your loan on the appraised value, not the contract price. A low appraisal does not always end the deal. Buyers can try to...
Key Takeaways: What is a conforming loan? It is a conventional mortgage that meets the rules and loan limits set by Fannie Mae and Freddie Mac, which often helps buyers get lower interest rates and flexible terms. What are the limits? The limits are set each year by...
Key Takeaways: Buying a foreclosed home is a unique process where you purchase property from a lender rather than a homeowner through channels like bank-owned listings or auctions. You can get a traditional mortgage if the house is in good shape, but properties with...
Key Takeaways: Most people wonder how many mortgages can you have at once. While there is no legal limit, conventional lending rules usually allow you to finance up to 10 residential properties for investment or vacation use. If you hit the 10 property limit or do not...
Millions of renters want to escape rising costs and move toward homeownership. But low income, limited credit, and high upfront costs often get in the way. Mortgage approvals fall through when savings are tight. Even modest homes require more cash than most families...
Key takeaways: Select the proper legal structure, such as joint tenancy or tenancy in common, to define precisely how ownership rights are shared between partners. Sign a written co-ownership agreement that clearly outlines financial responsibilities because verbal...
Key Takeaways: You can identify common real estate scams by looking for red flags like high-pressure tactics, suspicious email addresses, or requests for money before any paperwork is signed. Always verify the identity of your agent or lender by calling their official...
Key Takeaways: A rate-and-term refinance replaces your current mortgage to lower your interest rate or shorten your loan term. This option helps you reduce monthly payments or pay off your home faster without taking cash out of your equity. It is a smart financial...
Key Takeaways: A short sale occurs when a homeowner sells their property for less than the total amount owed on their mortgage. Understanding what a short sale in real estate is important because the lender must give written permission to accept the lower price and...
1810 W Burbank Blvd #150, Burbank, CA 91506
M-F 10 AM-5 PM (PST)
Simply e-mail or use online-chat
GET IN TOUCH
OUR BUSINESS LOCATION
FOLLOW US
