I don't know if that's legit or not, but the best thing you can do is take the practice exams provided with your course as many of those are actual questions on the exam. If you are concerned there are also live crash courses to help you pass the test. As I recall the salesperson exam was pretty easy.... more
It is good idea to find out your own credit scores before you begin as each time you submit your details to lender your credit score can be lowered by 3-5 points. I have a free spreadsheet that helps you calculate for yourself how much you can afford and not be sold something higher than you should buy.
You can get a free credit score from any websites and I can give you those url's. Just send your email so I can respond. BTW, our main office is in Anaheim near 91 freeway and I-5. Looking forward to hearing from you.
Bill Villa Broker President
Villa Realty, Inc.
(888) 351-4264... more
First off, you would need to speak with a lender to apply for a loan and prequalify. When applying for a loan, lenders like myself will need to look at several different things if you are trying to prequalify for a loan.
1) Proof of income for each person that will be on the mortgage which can be demonstrated through: one month of pay stubs, previous year's W-2 forms and tax returns, official documentation to demonstrate other forms of income (alimony, child support, etc.), and two year's tax returns if self-employed (all schedules, all pages)
2) Credit Report which they will pull
3) Employment History or Business Tax Returns if you're Self Employed
4) Personal assets such as: Recent balances and statements for bank accounts, most recent account statement demonstrating market value of any investments (stocks, bonds or certificates of deposit), documentation showing interest in retirement funds, face amount and cash value of life insurance policies, value of significant pieces of personal property, debt information, the balances and account numbers of your current loans and debts, including car loans, credit card balances and any other loans you may have.
These are just a few things you should have ready when you begin your buying process. I am a lender based out of Southern California and I have done plenty of loans throughout the Los Angeles area.
Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
NMLS # 659743... more
Different states have different rules when it comes to disclosing crime. My advice would be to contact your local police department and ask for a crime report of the area. It's public information and is usually free of charge.... more
Hi Gilma: You are to be congratulated on your effort to improve your credit ... Just to let you know your credit score is a result of several factors. The ratio of low balances to limit (less than 30%); the type of accounts (revolving vs. installment); the age of the account (the older the better 3+ years); the number of accounts; the number of credit inquiries in the last 12 months; your payment history (especially in the LAST 12 MONTHS) .
Without knowing your particular situation ... I would NOT ADVISE you open another account.
Just a little history re: Judgments, tax leins, collection accounts ... they all are handled differentely when it comes to getting your credit ready to get a mortgage loan.
Regarding (life happens type of bad credit) ... the further you get away (time wise) from any late payments or charged off collection accounts the less of an impact they have ... but say you have a collection account that was charged off 12 months ago, then you pay it off and that brings the last activity as to very recent. ... you did good by paying off your account but you actually lowered your score.
You need to pay off your accounts but there is a way to do it and not have it hurt your score. There are many legitimate credit repair companies that can guide you but BE CAREFUL ... many only offer you temporary help and do not do anything to really cure the problem.
If you want more information or a referral to a company that I trust, visit my website and contact me directly ... I would be happy to give you any help and info you may need. The soorner you start getting your ducks in a row then the sooner you can position yourself to buy a home. Good Luck!... more
Sorry OJ but renting out a garage that has not been permitted as a dwelling unit gives you no protection. In fact, the law says they do not have to pay rent at all and the only way to get them out is to call code enforcement on yourself for a non-permitted conversion, and least that's the only way to do it by involving the authorities. Of course, you'll be getting in trouble too, more trouble than your deadbeat tenant.
I can think of some other ways that don't involve the authorities or the courts, but I'm licensed. I can't state those things out loud!... more
Either can be wonderful! What ages are your children?> That may "Tip the Scales", after you research the schools they may attend.
Anything we can do to assist you, just ask!?
Check out http://Got3000.com and register to win a $3,000 Certificate towards the purchase of a home in Long Beach! It would be a great way to start, right? =)... more
You should have your attorney go over the differences giving your specific situation. A short sale is usually better because it may affect your credit for 2-3 years on average where a bankruptcy sticks around for 10. If a short sale is negotiated right, it could save foreclosure and allow you to sell. There are many variables and a experienced short sale listing agent can go over yours with you.... more
Maritza - it all depends on what your monthly payments are on your consumer debt (car loans, credit cards, student loans, etc.), as from an initial glance $96k/year should qualify for a much higher sales price than $325k if you have no consumer debt payments, and even if you have $1k/mo in consumer debt payments. Sounds like your loan officer isn't explaining what is preventing you from qualifying for more, is that the case?
Shane Milne | Lending in all 50 states | NMLS #81195... more
You may be able to qualify alone depending on what your monthly liabilities are. Don't get in over your head, you don't want to be a slave to your house payment. If you think your sibling will buy with you & then leave you in a couple years & now the house payment is all yours, take into consideration now that you may end up needing a roommate later on to help you with the mortgage payment.
Shoot me an email directly if you'd like to talk to me some more. I don't look back on this same Trulia thread for answers posted after mine.
Realtor Since 1996
Main Street Realtors
Long Beach, CA... more
There are many wonderful areas of Lakewood, and a lot depends on what schools you'd like them to attend. There is a website greatschools.com that rates the schools, and then you can find the school area boundaries there. Best of luck in your search. Let me know if I can be of assistance. My email is firstname.lastname@example.org and phone number is 714-343-9470... more