CITY VIEW TERRACE phase II

1 mile fro the new LAC + USC Medical Center - A 107 units gated community 

 http://www.2009cityviewterrace.com/


 

1. NO PMI IF YOU PAY 20% OR MORE DOWN PAYMENT 

(When I bought my first home, I only have 5% cash down, I borrowed 15% from my brother to avoid the PMI payments

I gave him a 2 years repayment plan with interest rate equal to the CD interest rate, I stick to my plan & pay back him within 2 years)

PMI can also be remove any time after you pay the loan balance down to 80% of purchase price, click on below link for detail:

http://www.frbsf.org/publications/consumer/pmi.html


2. HOA EXPENSES 

this fee cover property insurance, common area maintenance ( water, trash, pest control... ) 



3. LOCAL AREA CRIME RATE - LAPD WEB SITE:


http://www.lapdonline.org/crime_maps_and_compstat


GO TO THIS CRIME MAP & TYPE IN PROPERTY ADDRESS: 3711 BALDWIN ST, LOS ANGELES, CA 90031
http://www.lapdcrimemaps.org/


4. FIRST TIME HOME BUYER TAX CREDIT

As a first time home buyer, you qualify the $8,000 income tax credit, see detail info:

http://www.federalhousingtaxcredit.com/2009/home.html

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