#1 California Mortgage Broker | 323-741-5858
Key Takeaways: Standard timeline: A typical home appraisal takes about 7 to 10 business days from the time the lender orders it until the final report is ready. While the physical inspection of the home only lasts 30 to 60 minutes, the appraiser needs several days to...
Key Takeaways: Raising your credit limit is an effective way to lower your credit utilization ratio, which can boost your credit score and help you qualify for better mortgage terms. Lenders are more likely to approve your request if you have a history of on-time...
Key Takeaways: A cash-out refinance replaces your existing mortgage with a new, bigger loan, but a home equity loan adds a second separate payment so you can keep your current interest rate. You might prefer a cash-out refinance if you need a large lump sum of money...
Key Takeaways: Refinancing replaces your current mortgage with a new loan that has different terms to help you lower your monthly payment or pay off your house faster. It is usually a good idea to refinance if interest rates have dropped by at least one percent or if...
Key Takeaways: Your debt-to-income ratio is a percentage that tells lenders how much of your monthly earnings goes toward paying off debt, and most banks want to see this number below 36 percent. You can lower your ratio quickly by paying off credit cards with high...
Key Takeaways: Get preapproved before you start shopping to confirm your true budget and show sellers you are ready to buy. Compare options from multiple lenders to find the best interest rate instead of settling for the first offer you receive. Avoid making large...
Key Takeaways: A mortgage recast lowers your monthly payment after you make a large lump-sum payment toward your loan balance. You get to keep your current interest rate and loan term exactly the same. This process is much cheaper than refinancing because you avoid...
Key Takeaways: Townhouses offer a balance between condos and single-family homes since you own the land and the unit but share walls with neighbors. They are often more affordable than detached houses and require less maintenance because a homeowners association...
Key Takeaways: Most people can apply for a mortgage two to four years after bankruptcy, depending on whether they filed for Chapter 7 or Chapter 13. Government-backed options like FHA and VA loans often allow you to buy sooner than conventional mortgages if you meet...
Key Takeaways: An exclusive agency listing allows you to work with one real estate agent while retaining the right to sell the home yourself. You only pay a commission if the agent finds the buyer, meaning you pay nothing if you secure the sale independently. This...
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
