The overall way that lenders decide how much loan you qualify for, and that is by considering your debt-to-income ratio. This is a comparison of your gross (pre-tax) income to housing and other expenses.
Other expenses include such long-term debts as car or student loan payments, alimony, or child support.
How Does The Lender Determine Your Loan Amount? Read More »
You want to buy a home. How do you know if you are ready? Ask yourself these questions: Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income steady? How is my bill payment record. That will
How Do I Know if I am Ready to Buy a Home? Read More »
If you live in New York you are going to know what co-op housing is since it makes up the majority of residential units in that city. Los Angeles is the direct opposite of New York. The majority of buildings are condominiums. In a co-op the resident does not own the unit. They have an interest
What’s the Difference Between a Co-op and a Condominium? Read More »
Google is expanding its presence in Los Angeles buying 12 acres in the Playa Vista development. It is estimated that this will bring in as many as 6,000 employees. This, coupled with the huge growth of the tech industry in the general area known as “Silicon Beach”, is of course good news for the local
Google is Expanding in Los Angeles. How’s the Housing Market? Read More »
It is human nature to want a deal, and there are times in the housing market you can find one, especially in a down market. But this is a case of be careful what you wish for. From around mid-2008 to late 2012 during the recession the housing market collapsed, but L.A. was not hit
Looking For Foreclosures and Deals in L.A? Are You Sure? Read More »
The purchase of properties in Los Angeles by foreign nationals has seen a healthy growth lately and many may not be familiar with the mechanics. Hopefully the summary below will help shed light on what is really not such an overwhelming process. Step 1 Most foreign buyers are going to be all cash as it is
Guide to Buying a Home in Los Angeles for Foreign Nationals Read More »
Wouldn’t it be lovely if we all had a crystal ball? We would know exactly the right time to buy and the right time to sell real estate. We would wait until the top of the market to sell our home or the bottom of the market to buy. Gauging the top or the bottom of
Los Angeles Homes for Sale. The Calm Before the Storm? Read More »
If you are in the process of buying a home in Los Angeles and come across a listing on my website you are actually looking at a feed from the Multiple Listing Service (MLS) provided by the Internet Data Exchange (IDX) to which I am subscribed. I am probably not the listing agent. I often
Will I Benefit by Using the Listing Agent to Buy a Home? Read More »
If you are thinking of selling your Los Angeles home you are going to be in one of the following situations: Looking to move up or downsize. Changing school districts Moving to a new city In any event, if you are selling your home you are going to have to live somewhere, and if you
Should I Sell my Home Before Buying? Read More »
O.K., I admit it. I am a Realtor® who does not own property. Had I started in this business earlier then I probably would have realized that one of the best investments you can make in your life is to buy real estate. I did own for a short period around 20 years ago, but
Don’t Make the Mistakes I Made. Invest in Real Estate. Read More »
