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Home Buying in Encino : Real Estate Advice

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Activity 2
Mon Mar 7, 2016
Sheryl Arndt answered:
Hello Jen, you should check with some local rental management companies in Encino. There are only up to 3bd 2ba single family homes coming up currently in Encino up to 3k at the moment. The 3bd 2ba condos for purchase in Encino start from 446k and up. I don't do rentals but can set you up for automatic emails with the current inventory.

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.

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.

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% grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid. 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.

You may consider 5% down with a minimum 720 fico score from 417k up to 1.5 million. 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.

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
23+ 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
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Fri Mar 6, 2015
Maggie Oreck answered:
The only way out for the seller is a contingency or mutual agreement for cancellation. Otherwise the seller has to sell. If the agent lies that is another different story. That would be a good question for your attorney

Best of luck,

Maggie Oreck
818.906.8388
CalBRE Lic# 01352758
RE/MAX Showcase
info@maggieoreck.com
www.maggieoreck.realtor
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