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Juan Carlos Perez Jr.
"Luxury Real Estate Broker"
- 1 Helpful Answer
- 9 Answers
- 4 Blog posts
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Experience:
Broker Associate for First Team Real Estate
August 2009—present
Real estate broker associate specializing in estate properties and luxury high-rise living…
Real estate broker associate specializing in estate properties and luxury high-rise living…
Agent for GCM Realty
May 2003—April 2008
Real estate agent specializing in residential properties.
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Real estate agent specializing in residential properties.
Specialties:
North Orange County estate homes and luxury properties.
About:
I started working in real estate in 2003 for a top real estate broker in Ontario, CA, and then started my own brokerage in early 2008. In August 2009 I
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Juan Carlos Perez Jr. answered:
You are actually in a bad spot because you meet the typical requirements for an excellent loan, but the markets are just not helping people in your situation. Unfortunately you have very limited options, of which include either a CalHFA (which does have slightly higher rates), a conventional with lender paid MI (which requires at least 5% down), and an FHA (which requires a 3% down, but the PMI is the lowest in the market). Looking at your options, FHA will be the best bet for you. If you do not have the down payment, then I recommend start taking actions in your personal finances to save up for that cost. Once you are a homeowner you will begin to incur costs that far exceed the costs you may have now. Obtaining a down payment is the lenders way of making sure you are a responsible person that is able to afford a home and the costs associated with it.
Cheers.
Cheers.
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