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Ken Herrera
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- 250 Answers
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Ken Herrera’s Questions (4)
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Ken Herrera’s Answers (250)
Ken Herrera answered:
Hello Lynn,
I see people stating that "Realtors" and "Pros" always say it is a good time to buy. Whether it is or is not a good time to buy is really based on the individuals needs. Yes many factors such as interest rates and low prices are good indicators that it could be a good time to buy, however it is not a good time to buy for everyone.
Everyone that purchased a home using "No Doc" loans, could no longer get a home today due to the mortgage climate. So if the question is "Was it better to have purchased a year or two ago when you could qualify, or try to buy a home today and not be able to get one?" If you needed a home and cannot buy one today, what would have been the point of waiting? You never how the market will turn, sometimes you just have to do what is right for you at the specific time. (All of this is regardless of what everyone thinks about "No Doc" loans and or Adjustable Rate Mortgages)
I see people stating that "Realtors" and "Pros" always say it is a good time to buy. Whether it is or is not a good time to buy is really based on the individuals needs. Yes many factors such as interest rates and low prices are good indicators that it could be a good time to buy, however it is not a good time to buy for everyone.
Everyone that purchased a home using "No Doc" loans, could no longer get a home today due to the mortgage climate. So if the question is "Was it better to have purchased a year or two ago when you could qualify, or try to buy a home today and not be able to get one?" If you needed a home and cannot buy one today, what would have been the point of waiting? You never how the market will turn, sometimes you just have to do what is right for you at the specific time. (All of this is regardless of what everyone thinks about "No Doc" loans and or Adjustable Rate Mortgages)
Ken Herrera answered:
Hello Tania,
Many times there is a logical reason they have not been able to call you back, family emergency or something of that nature. Have you tried calling the brokerage your agent works for, in order to get a hold of him? If he has helped you out for the past 6 months, I wouldn't necessarily say drop him at this point. Good luck, I truly hope he gets back to you and delivers the level of service you deserve.
Regards,
Ken Herrera
Many times there is a logical reason they have not been able to call you back, family emergency or something of that nature. Have you tried calling the brokerage your agent works for, in order to get a hold of him? If he has helped you out for the past 6 months, I wouldn't necessarily say drop him at this point. Good luck, I truly hope he gets back to you and delivers the level of service you deserve.
Regards,
Ken Herrera
Ken Herrera answered:
Hello Brent,
Sounds like you may have a viable loan if you get your DTI below 43%. You may be able to qualify with only putting down 3.5% on an FHA loan. If you would like additional information, just let me know. I currently work with Jon LaGuardia at First United Mortgage, we have worked well together over the last 4 years and can help answer any questions you may have. Beyond just being Lender, I use Jon because he is a CMPS Certified Mortgage Planner, which involves more extensive training in the mortgage arena. Thanks for the opportunity to be of service.
Regards,
Ken Herrera
Century 21 Infinity
(702) 851-9600
Sounds like you may have a viable loan if you get your DTI below 43%. You may be able to qualify with only putting down 3.5% on an FHA loan. If you would like additional information, just let me know. I currently work with Jon LaGuardia at First United Mortgage, we have worked well together over the last 4 years and can help answer any questions you may have. Beyond just being Lender, I use Jon because he is a CMPS Certified Mortgage Planner, which involves more extensive training in the mortgage arena. Thanks for the opportunity to be of service.
Regards,
Ken Herrera
Century 21 Infinity
(702) 851-9600
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