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Chino : Real Estate Advice

  • All80
  • Local Info5
  • Home Buying26
  • Home Selling5
  • Market Conditions3

Activity 77
Sun Feb 19, 2017
Sheryl Arndt answered:
Hello Milton, I am afraid your question is incomplete. Are you moving out of a rental and looking for another rental or a purchase? If you need general tenant, landlord lease questions you may call the Inland Mediation Board in Ontario or Los Angeles. They are a free legal advice service.

The rentals in Chino start from $1,350 for 2bd 2ba apt. The purchase in Chino start from 269k for 2bd 1ba condo which you may qualify to buy with minimum out of pocket expenses with down payment and closing cost assistance programs.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

If you decide you want to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Wed Dec 7, 2016
Psemercado asked:
3 bedrooms, 2 baths
0 votes 0 Answers Share Flag
Sun Nov 13, 2016
Jimhazlett asked:
Burglaries, general crime? Food desert?
0 votes 0 Answers Share Flag
Fri Aug 26, 2016
Angelica P answered:
Hello,

We didn't get enough information about your problem to resolve the issue. Please provide us with complete property address and we will be happy to assist you.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Mon Jul 25, 2016
Rich Reed answered:
It's a matter between you and your Broker according to the terms of your listing agreement. We work to satisfy our clients, as do most other offices. Talk to your Broker right away!
0 votes 3 answers Share Flag
Thu Jun 2, 2016
Arpad Racz answered:
Hi,

You can call the agent ask ask for specifics about the buyer, ask if they are approved, and if he has an approval letter for them..

Arpad
0 votes 2 answers Share Flag
Thu May 12, 2016
Sheryl Arndt answered:
Hello David, the rentals in Chino start from $1,700 for 2bd 2.5ba condo and the single family homes start from $1,980 for 3bd 2 ba home. The inventory is quite low currently but new inventory comes up daily.

There are 67 rental choices of 2-3-4 bd within a 10 miles radius of Chino from $1,200 for 2bd 1ba condo in Montclair and up. The single family homes start from $1,650 for 3bd 2ba in Pomona.

The purchase in the same perimeters are from 177k for 2bd 2ba condo in Ontario and the single family homes start from 219k for 2bd 1ba in Ontario and up. The payment would be approximately $1,500 to $1,600 monthly mortgage payment. You may qualify to buy with minimum out of pocket expenses than the first, last and security of a rental deposit.

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 to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. 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 FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252NMLS# 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
... more
0 votes 1 answer Share Flag
Sat Oct 10, 2015
Mario Alfaro answered:
Hi Tina,

Here's the answer to your questions:

1) the community in the college park area is safe. You can check out the crime stats here : crimemapping.com.

2) in regards to reselling, yes homes in this area do sell. The location, price, and amenities of the home will determine the saleabilty in the future should you decid to sell.

I hope this helps. If I can be of service, please don't hesitate to contact me: Alfaro.Realty@gmail.com

Good luck!

Mario
... more
0 votes 8 answers Share Flag
Wed Jul 15, 2015
answered:
When you got your FHA mortgage it was at a point where the MIP would fall off of there once you paid it down to a 78% of the appraisal value, when took out the loan. My first instinct was to say no, not to do it, but then I did the math.

So I went over the numbers and found that you save about $280 a month by refinancing with me. Now my rate is 3.875% with no closing costs (there is an appraisal deposit) and I am betting the other lenders have about $2500 in closing costs. So of course the numbers look much better with me than the other lenders you have called.

But your payment only goes down like that for about 6 years, after that the payment would be $75 more on the conventional loan. So you save about $20,000 at first and then slowly start giving it back.

Interestingly, the amount of cash outlay at the time your FHA would be paid off is about the same, but you would have 3 more years to pay on the conventional. So in some cases it would be better to not do it.

I am going to say you do refinance and here is why. If you take the $280 a month that you save during the first 6-7 years of the loan, and apply it to the pay off, it pays down the mortgage in 25 years. as opposed to 27 years you have now.

So if you pay down the mortgage or better yet put the $280 a month into a savings plan of some sort you come out way ahead.

Here is the problem, most people will just run out and spend the difference which means in 27 years the outlay on both loans is about the same and the conventional loan will still have three years left to pay. But perhaps with the lower cash flow, hopefully it will help keep you out of credit card debt.

Still with the time value of money, over the next 6 years you save about $20,000 by refinancing not even counting the tax savings. I would then advise doing the refinance, calling me and saving the extra $65 a month.

Another reason is that if you sell the house or refinance the house in the say 20 years or less you come out ahead by refinancing every time. Most likely you will sell or refinance in the 20 years. Using your other lenders you save less money and the numbers will not be as good.

To further go over the numbers call me at 714-968-2500.
... more
0 votes 5 answers Share Flag
Mon Jun 29, 2015
Sheryl Arndt answered:
Hello Ron, yes sure 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.

The purchase in Chino start from 259k for 3bd 2.5ba condo and the P.U.D. single family homes start from 299k for 3bd 2ba home which is as low as $1,500 down payment with a minimum 580 fico score @299k.

You will need to be pre-approved if you decide to buy and 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, loan program and how much you want to invest into the down payment and closing costs.

You may qualify FHA for a primary home purchase from 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 up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

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 2 answers Share Flag
Thu Jun 25, 2015
Mike Berni - MJ Berni Group answered:
Mon Jan 12, 2015
Riccardo Wardlow answered:
Why get hard money when you have someone that can get you done with you the high rates...

Riccardo Wardlow
Sales Manager
NMLS 219402
Cross Country Mortgage
630-670-8266
323 546 8066

Specializing in Illinois and California
RATED A+ WITH THE BBB

*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 600 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 640 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
*Investment properties
*Closing loans in 3 - 3.5 weeks
... more
0 votes 1 answer Share Flag
Fri Dec 12, 2014
Alex Montelongo Real Estate Group answered:
Are you asking for your own home? Why would you need a BPO? You probably wont answer back but its ok. Your questions is vague and there is more information required in order for someone to really help.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 9 answers Share Flag
Sun Nov 2, 2014
Nicole Fedorchek answered:
Hi, Bret-
I realize this question was from over a year ago, so I am wondering if you are ready to buy now? Interest rates are great, and its a good time of the year to purchase where competition is reduced due to the upcoming holidays!
Contact me today to get started !

Nicole Fedorchek, Realtor
Tarbell Realtors
714-914-597
realtornicolef@gmail.com
www.nicolefedorchek.com
... more
0 votes 5 answers Share Flag
Sat Oct 25, 2014
Don Tepper answered:
What you're doing wrong: You're trying to list a property on Trulia.

Yup, that's it.

You cannot list a property on Trulia. Only agents can.
0 votes 1 answer Share Flag
Sat Sep 13, 2014
Larry Hodel answered:
Francis...prices are still going up in Chino and Chino Hills, although not as fast as 2012 and 2013.
Thanks,
Larry Hodel, Realtor
BRE 01442093
First Team SnS Real Estate
(909) 210-6355
larryhodel@gmail.com
... more
0 votes 3 answers Share Flag
Sat Sep 13, 2014
Larry Hodel answered:
If you haven't already found a place, I'd be glad to help. I live in Chino Hills and am familiar with the market in this area.
Larry Hodel, Realtor
BRE 01442093
First Team SnS Real Estate
(909) 210-6355
larryhodel@gmail.com
... more
0 votes 2 answers Share Flag
Thu Sep 4, 2014
Larry Hodel answered:
I usually estimate closing cost for a Seller to be about 1% of the sale price + any termite work cost.
0 votes 5 answers Share Flag
Fri Aug 29, 2014
Anthony De La Cerda answered:
From what I have experience I would usually get a response in 2-3 days in a standard sale. It does depend on the type of sale (short sale, foreclosure, Etc.) sometimes moving on is difficult to do but it sounds like working with the sellers agent is gonna be difficult and your escrow experience may not be fun. ... more
0 votes 25 answers Share Flag
Fri Aug 8, 2014
Larry Hodel answered:
In my area of Chino Hills, we estimate prices have already increased approx 12% already this year. I believe they will increase slower next year.
0 votes 7 answers Share Flag
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