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Financing in Encino : Real Estate Advice

  • All73
  • Local Info7
  • Home Buying20
  • Home Selling5
  • Market Conditions3

Activity 3
Mon Nov 24, 2014
inna ivchenko answered:
It is not up to the lender but.....mostly up to you: how much you have, how much you make, your credit health, what kind of loan you are approved for( VA allows 0% down, FHA starts with 3.5% which can be a gift, Conventional starts with 3% and up), what kind of real estate you want to buy, etc. Do talk to a good loan officer, or maybe even few( initial consultation should be free). If you need a recommendation of local lenders, let me know. I have a trusted lender for any situation and they do perform.
Good luck!
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Mon Oct 28, 2013
Flora Martin answered:
Give me a call Mytiah 310-403-3324. I work with a great and creative mortgage lender to close my deals.

Flora Martin
Keller Williams Encino-Sherman Oaks
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Mon Jan 31, 2011
Andrew Luett answered:
Hi Bella,

I would assume your home in Chicago is a long term hold (more than 5 years) being that you just rented it out.

Based on the cost of borrowing money being historically low and the current prices of homes, I do think it is in your best interest and a great time to cash-out some equity and purchase a home on the West Coast.

Just did a quick quote from today's rates and determined that a 30 year fixed inerest rate on an investment, cash-out refinance to 70% loan-to-value and a 822 fico score is 5.125%.

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