Let’s take a look how Los Angeles real estate did in 2014 and compare it to the previous year. The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood, Brentwood and Century City which are covered separately, as is the Wilshire Corridor.
As a Chicago-area Mortgage Lender, I’ve always been asked a lot of questions regarding Taxes and Property Assessments. Property Taxes, and subsequently monthly tax escrow contributions, play a very important role in loan approvals/denials. But throughout the recent housing downturn, the topic of property taxes and assessments has cropped-up more often and has become far […]
Let’s check in on the Los Angeles real estate real estate market by neighborhood for the 2nd Qtr of 2014 and compare it to the previous Qtr. How is the inventory? How are sales going? The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of […]
Definition of Debt-to-Income Ratio: The figure that represents how much of your income is spent repaying your recurring monthly debts. The HIGHER your Debt-to-Income Ratio is, the more of your monthly income is being devoted to paying back your debts. Formula Used to Find Your Debt-to-Income Ratio: Monthly debts owed divided by monthly income. This […]
You are thinking about buying a home in Los Angeles but are wondering how your monthly payments would change compared with what you are paying now for a rental. Of course your first step will be to talk to a lender who will give you a more accurate estimate and determine the amount of property […]
Veterans of the Mortgage Industry can remember a time when clients suffering errors or inaccuracies within their Credit Report, were typically advised to “dispute” those errors … But because of recent changes that have taken place in the Mortgage Industry’s Automated Underwriting Systems (commonly referred to as AUS), the advice given to current mortgage clients […]