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91604 : Real Estate Advice

  • All38
  • Local Info3
  • Home Buying14
  • Home Selling2
  • Market Conditions2

Activity 36
Mon Feb 20, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

There are a lot of mortgage programs avialable.

In the area you are looking to buy in you can expect to put down a minimum of 3%. You are even allowed to roll some closing costs in using a "seller concession". I can explain the sellers concession a bit more if you need me to.

The programs I'm describing allow you to buy a multifamily home and allow cosignors if needed.

I can help you get a pre approval if you would like to see what you can qualify for.

I'm avialable almost 24/7.

You are welcome to contact me with any questions or if you would like help with this.
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0 votes 2 answers Share Flag
Tue Nov 1, 2016
answered:
You could ask the appraisal company to show where in the Dodd- Frank Bill it says that.

I believe that appraisals for removal of PMI are not covered by RESPA and the lender may charge you more for the appraisal than their actual cost.

I am guessing you got a low ball appraisal, and they charged you a boatload for it. If it is an appraisal management company, you can contest the appraisal to the appraisal management company. Put it in writing and produce comparable sales to make your case. Include maps and pictures. The information to do so is readily available online.
If the lender has their own personal list of appraisers, you will find these clowns will tell you to take a flying leap, and there is nothing you can do about.
If you were relying on online services for your property value. Remember, these automated services are very good, but they do not see any actual houses, neither yours nor the comparable. The actual value of a home can easily swing up to $100,000 depending on condition and upgrades.
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0 votes 2 answers Share Flag
Thu Aug 4, 2016
Happidogs asked:
I removed my listing from Zillow but can't seem to remove it from Trulia. can you help me please.
11348 dona lola drive studio city 91604
0 votes 0 Answers Share Flag
Fri Jun 3, 2016
Jgtechpro asked:
Perhaps I simply cannot find it, but there does not seem to be a search parameter for number of floors. If it is there and I am missing it, please let me know where the option is. If not,…
0 votes 0 Answers Share Flag
Sat Apr 16, 2016
Robert Spinosa answered:
I just wanted to update the thread below as of April, 2016. When it comes to 10% down financing, here is an indication of what we're able to offer:

80/10/10: Available up to a purchase price of almost $1.7MM. First mortgage can be fixed rate or ARM (7/1 or 10/1, most commonly) and the second mortgage is usually a home equity line of credit (HELOC).

Single loan, no PMI: We have a 30-year fixed rate loan that will go to a purchase price of just over $2.2MM with a 10% down payment. The loan has no PMI.

REX Homebuyer: REX works a bit differently and is not a loan. Instead, the REX Homebuyer funds will match your 10% down payment. When you end the agreement by way of refinance or sale you pay REX back with a percentage of the value change of the home. REX has the greatest reach with just 10% down, allowing a buyer to get to a purchase price of $3.125MM.

Income, asset and credit requirements vary for all of the options above, so it's important to weigh each to determine the best fit for your scenario. If I can answer any questions I am happy to help.
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0 votes 13 answers Share Flag
Sat Jun 6, 2015
Pat Kapowich answered:
It sounds like the seller was to pay the termite invoice and did not. Let's say the escrow company received the invoice and neglected to include it in the closing settlement documents. Regardless, the agents involved missed it, too.

In these cases, if the seller is unable of unwilling to pay the outstanding termite invoice, the termite company can go after the new owners (the buyers) of the house. This is often when the buyer turns to the agents and escrow company involved for the 'chipping in" and paying off of a outstanding bill.

Pat Kapowich

A Trusted Name in Silicon Valley since 1960

A Trusted Name in Real Estate since 1988
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0 votes 3 answers Share Flag
Tue May 26, 2015
answered:
Wed Apr 8, 2015
Sheryl Arndt answered:
Hello Nikole, each rental will be up to the landlord or management company and may be negotiated as well. The rentals in 91604 zip code of Studio City is $1,175 for 1bd 1ba apartment that accepts animals. The purchase start from 375k for 1bd 1ba condo which is as low as $1,850 down payment with a minimum 580 fico score.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 1 answer Share Flag
Wed Jan 28, 2015
inna ivchenko answered:
Each email has an option to unsubscribe:
If you would like to unsubscribe from this email,>
This means you will no longer receive news and alerts about locations you care about.

To confirm this, choose Unsubscribe or Global Unsubscribe and you are done. ... more
0 votes 3 answers Share Flag
Fri Sep 19, 2014
Mike Dronge answered:
Walkaway or ask for a nice hefty credit before releasing your contingencies.
0 votes 12 answers Share Flag
Sat Aug 30, 2014
Tammy Hayes answered:
Your lender will request the appraisal. They have a list they pull from and order it for you.
0 votes 8 answers Share Flag
Fri Aug 29, 2014
cashinasnap answered:
Yes if you are planning to own an apartment then good credit score or history will definitely help you to get housing loan without much trouble, though you need to be thorough with the terms & condition, along with rate of interest. & if you are planning to rent out, then the situation may vary from owner to owner. ... more
0 votes 5 answers Share Flag
Mon May 5, 2014
Nick Khachian answered:
According to the tax records, this was a foreclosure that was purchased by a 3rd party. It did not go back to the bank as an RE
0 votes 3 answers Share Flag
Mon Mar 3, 2014
Roy Lhanie answered:
I agree with your agent.
The marker will always decide the price of your home. If you price it lower you will attract more buyers, which means more exposure and MORE OFFERS. When their are multiple offers on a property it gets buyers competitive and they will bid higher. One time I listed a condo for 300k and received no offers, we then lowered the price to 275,000 and the condo ended up selling for 305,000. Get the picture? ... more
0 votes 20 answers Share Flag
Fri Feb 14, 2014
SUSAN.CERIANI answered:
Fri Feb 14, 2014
Lady Mayonnaise answered:
That was so mean and unnecessary......you need a burger with macaroni and cheese and mayonnaise. I enjoy them, especially when I'm crabby like you've been.
0 votes 7 answers Share Flag
Fri Jan 31, 2014
Dot Chance answered:
I have an excellent real estate attorney. Private message me for the referral
0 votes 1 answer Share Flag
Tue Sep 24, 2013
Debbie Pisaro answered:
Yes, you are supposed to get a permit for replacing a water heater.

www.DebbiePisaro.com
Luxury Real Estate Sales, Keller Williams
0 votes 8 answers Share Flag
Wed Mar 27, 2013
Robert Chomentowski answered:
You can only get a USDA loan in a designated rural area. USDA is better if you have a choice between the two. USDA is zero down 100% financing and does not have monthly mortgage insurance. FHA is min 3.5% down and has monthly mortgage insurance. So your payment will likely be lower with a USDA loan. ... more
0 votes 1 answer Share Flag
Wed Jan 30, 2013
Larmsh asked:
Studio city, west Hollywood , Brentwood,Sherman Oakes, Beverly Hills,Hollywood
0 votes 0 Answers Share Flag
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