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Buying your first home? We will make it fun,, , |
RESIDENTIAL
FIRST TIME BUYERS, THIS SITE IS 4 U
| Property Type: |
Residential |
Description:
| Property Use: |
Your new home. |
| Clear Ceiling Height: |
Fits your needs. |
| # of Units: |
condo |
| # of Offices: |
mixed use |
| apn: |
house with yard |
| Zoning: |
choices galore |
| Lease Information: |
lease to own options |
| Date available: |
when you are ready |
| space available: |
to fit your needs |
| Parking: |
big garage |
| # of Fireplaces: |
dream big |
| Elementary School: |
all is possible |
| Junior High School: |
we are here for you |
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| Active |
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| Online Listing: |
| www.firsttimebuyer.jodisummers.com |
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| Property Description: |
NEW HOME BUYER’S GUIDE
Want to know how the home buying process works? It’s a far simpler process than you think.
The basics of home buying are:
1. Get pre-approved for a loan
2. Make an offer and negotiate a price
3. Inspect the home
4. Close the loan
Click on the offering summary link for your detailed downloadable version.
Do let me know so we can move forward together in meeting your real estate goals 310.392.1211 or jodi@jodisummers.com.
It’s my hope, that over the course of the year, you would be comfortable referring one person to me. I’m building a referral-based business and your recommendation will make the world a better place.
Jodi Summers
The SoCal Investment Real Estate Group
Sotheby’s International Realty
jodi@jodisummers.com
www.SoCalGreenRealEstateBlog.com
www.SantaMonicaLandmarks.com
www.SantaMonicaPropertyBlog.com
www.SoCalInvestmentRealEstate.com
www.SoCalIndustrialRealEstateBlog.com
www.SoCalOfficeRealEstateBlog.com
www.SoCalMultiUnitRealEstateBlog.com
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Glory is fleeting, but obscurity is forever. - Napoleon Bonaparte
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BEST WAY TO GET A GOOD MORTGAGE
Mortgage money is flowing to those that are qualified. ..the trick is to qualify. The rules have changed from the interest only arms and stated income loans of the last administration.
“As Fannie Mae and Freddie Mac continue to raise the bar for home buyers with increased fees and stricter guidelines, new home buyers can benefit enormously from FHA loans with as little as 3.5% down and less than perfect credit scores,” declares Eric Bruskotter of Campbell Financial Services.
The experts say these are the current elements homebuyers should factor in as they prepare to apply for a loan.
Down Payment - Borrowers should expect to put down at least 10 percent for a “conforming loan” – a mortgage that Fannie Mae and Freddie Mac will purchase.
Credit Score – For the best rates, you want to have at least a 720 on the 850-point FICO rating scale.
"A score between 720 and 739 gets 0.125 percent added to the rate, a score between 700 and 719 gets 0.375 percent added to the rate, and a score between 680 and 699 gets 0.5 percent added to the rate,” shares Rich Bira, of FCM Direct.
Websites like Free Annual Credit Reports
https://www.annualcreditreport.com/cra/index
can give you a good idea where you stand.
Paperwork – Your bank is going to ask for your tax, banking and other records that prove income, savings and debts…and that’s just to start. Banks are notorious for asking for an endless requests for information. They’ll tell you, “underwriting is requesting…” Feel assured that this endless parade of paperwork of standard procedure.
Pay Your Bills – The less debt the better. Experts say limit your debt - including what you expect to pay for the mortgage, to less than 43 percent of gross.
When you’re ready, let’s go shopping for your new home - jodi@jodisummers.com.
Sources:
http://www.realtor.org/RMODaily.nsf/pages/News2009021907?OpenDocument
http://en.wikipedia.org/wiki/FHA_loan
http://www.socalgreenrealestateblog.com/?p=518
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Jodi Summers
The SoCal Investment Real Estate Group
Sotheby’s International Realty
jodi@jodisummers.com
www.SoCalGreenRealEstateBlog.com
www.SantaMonicaLandmarks.com
www.SantaMonicaPropertyBlog.com
www.SoCalInvestmentRealEstate.com
www.SoCalIndustrialRealEstateBlog.com
www.SoCalOfficeRealEstateBlog.com
www.SoCalMultiUnitRealEstateBlog.com
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There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle. - Albert Einstein
Property Features:
- Download our New Home Buyer Guide and learn the basics.
- We have the expertise to make your home buying experience enjoyable and satisfying.
- Email jodi@jodisummers.com, let us move forward together.
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