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Come on out today and join the community celbration at the Echo Park Parade. Be there by 11:00 am today...see you there!

Come on out today and join the community celbration at the Echo Park Parade. Be there by 11:00 am today...see you there!

FHA Streamline Refinance Streamline refinance is the best kept secrete in FHA lending for homeowners who purchased real estate (1 to 4 units) with a FHA loan. The loan allows homeowners to reduce the rate and lower the payment without increasing the loan balance. The streamline refinance does not require an appraisal or qualify with income. What is required is the existing mortgage loan to be current with no late payments or default in the previous 12 months prior to closing... the new loan, savings on the new payment, and no title changes from the original owners/borrowers. This loan type limits the dollar amount of allowed closing costs and these are usually paid via lender credit. There is one thing to remember that in some cases the homeowner does not skip payment; it means the current mortgage payment money will probably be needed to close escrow because a new reserve to pay taxes and insurance has to be added to the new loan and this sometimes creates shortages. If and when this happens, it will be determined after receiving the mortgage demand payoff statement of the existing mortgage loan to calculate the new loan amount and figure the lender credit needed, and it will confirm if shortages exist. However, the current loan’s reserve to pay taxes and insurance will be refunded to the homeowner within 28 days after payoff of the existing mortgage loan. If personal funds to close are used, the refund will even things. Note FHA loans always have mortgage insurance regardless of the equity position or balance outstanding but the savings are real in streamline refinances rest assured. But an even better option is available to homeowners whose FHA loan recorded on or before June 1, 2009 when doing a FHA Streamline Refinance. The mortgage insurance is almost eliminated because this was part of the strategies by the US Government to stabilize the housing market after the mortgage meltdown of 2008. The process is the same as mentioned before and homeowners don’t have to do anything different. The payment is significantly lower than the present mortgage obligation. The FHA Streamline Refinance program offers great benefits to homeowners for refinancing an existing FHA mortgage. The loan program does not require an appraisal or income to qualify. However, the current mortgage must not be in default or late for payment in the past 12 months from new loan’s closing date. Visit realestateplusplus.com for details and other financing options. Call us at 888-522-1940. What can we do for you?

FHA Streamline Refinance Streamline refinance is the best kept secrete in FHA lending for homeowners who purchased real estate (1 to 4 units) with a FHA loan. The loan allows homeowners to reduce the rate and lower the payment without increasing the loan balance. The streamline refinance does not require an appraisal or qualify with income. What is required is the existing mortgage loan to be current with no late payments or default in the previous 12 months prior to closing... the new loan, savings on the new payment, and no title changes from the original owners/borrowers. This loan type limits the dollar amount of allowed closing costs and these are usually paid via lender credit. There is one thing to remember that in some cases the homeowner does not skip payment; it means the current mortgage payment money will probably be needed to close escrow because a new reserve to pay taxes and insurance has to be added to the new loan and this sometimes creates shortages. If and when this happens, it will be determined after receiving the mortgage demand payoff statement of the existing mortgage loan to calculate the new loan amount and figure the lender credit needed, and it will confirm if shortages exist. However, the current loan’s reserve to pay taxes and insurance will be refunded to the homeowner within 28 days after payoff of the existing mortgage loan. If personal funds to close are used, the refund will even things. Note FHA loans always have mortgage insurance regardless of the equity position or balance outstanding but the savings are real in streamline refinances rest assured. But an even better option is available to homeowners whose FHA loan recorded on or before June 1, 2009 when doing a FHA Streamline Refinance. The mortgage insurance is almost eliminated because this was part of the strategies by the US Government to stabilize the housing market after the mortgage meltdown of 2008. The process is the same as mentioned before and homeowners don’t have to do anything different. The payment is significantly lower than the present mortgage obligation. The FHA Streamline Refinance program offers great benefits to homeowners for refinancing an existing FHA mortgage. The loan program does not require an appraisal or income to qualify. However, the current mortgage must not be in default or late for payment in the past 12 months from new loan’s closing date. Visit realestateplusplus.com for details and other financing options. Call us at 888-522-1940. What can we do for you?

FHA & First Time Buyers A government home loan like FHA is probably the best option for first time home buyers to purchase their first home because of the ease and flexibility to qualify. First time buyers with limited resources are able to purchase housing with as little as 3.50% of the purchase price. Also, the entire funds for down payment and closing costs can be a gift. In many cases "people" considered family members can be donors by simply completing a pre-formatted" ...gift letter. The gift funds can be verified two different ways, 1) by donor providing a recent bank statement showing the amount of the gift on deposit or 2) by wiring the funds to escrow prior to closing and no bank statement may be required; it gets better because the lender can apply a credit to reduce closing costs from the rebates available and this simply reduces the amount the buyer needs to complete the transaction. FHA requires all loans regardless of the down payment to be insured via upfront mortgage insurance of 1.75% of the base loan amount, and it is usually financed (added to the base loan) plus a monthly borrower paid mortgage insurance premium known as MIP [(base loan amount x .0085)/12 months]. Also all property taxes and fire insurance are included in the monthly payment. The loan program features 15 year and 30 year repayment periods with adjustable and fixed rates options. Loan amounts vary by geographic area and this can be checked by visiting the following website to confirm the loan limits: https://entp.hud.gov/idapp/html/hicostlook.cfm Today for the most part in Los Angeles California County area the maximum base loan amount without upfront mortgage insurance for a single family residence is $636,150 and it is different for 2-4 units. By the way, the base loan amount is the purchase price less the down payment without adding the upfront mortgage insurance mentioned in this post. FHA loans are a great option to finance a first time buyer. We have funded millions of dollars in FHA mortgages over the years, understand the ins and outs of the program, and recommend it as a feasible way to homeownership. Visit Realestateplusplus.com for rates and other lending options, referrals welcome. What can we do for you?

The Home Affordable Refinance Program known as HARP is reaching the end on September 30, 2017; it is part of the government assistance programs created after the Great Recession of 2008 to stabilize the USA housing market. The program has enabled millions of homeowners refinance into a lower rate loan as follow: with no equity with low credit scores without an appraisal... As a result of the refinance program, homeowners who qualify are able to remain in their homes without the need of a loan modification or other type of distress assistance. A few things to note for eligibility: existing home loan must have recorded on or before 6/1/2009 must be a Fannie Mae or Freddie Mac conventional loan present mortgage payment history must be current for the past 12 months We have funded millions of dollars in new refinanced mortgages to date and callout anyone who has not to do it now. If you or someone else you know has an active mortgage as described above visit Realestateplusplus.com and find out on eligibility. The savings are significant and interest rates are very low compared to those in 2009. What can we do for you?

Recently we sold a house in the Eagle Rock area of Los Angeles California near the 2 freeway. The service included a combination of matters to attend. Baby Boomer sellers making housing transition to a retirement community, house lacking upgrades in general, and seeking the best offer from demanding buyers. The property had to be cleaned out of all personal seller belongings that occupied the house since 1983, lacked compliant water efficient devices, and earthquake gas shut...off valve plus many other things; we took on the task and made all arrangements without stress to the sellers. However, a surprising matter was that the same day the listing was active to the public, the next door house came active for sale; it was in turnkey condition. This represented a tough opponent to compete plus avoiding a lengthy Days in the Market activity. Our product lacked allure of modern housing. But our experience surfaced and used the traffic of the other house’s visitors during their open house; we made the strategy to make our listing the best alternative for the price with the aim to get an attractive offer the sellers could not refuse. Our signs are very attractive so the 3rd visitors were convinced by our individual "in person" presentation and eventually communicated with their agent. After 24 hours, we had 5 offers and the top one was 7.91% more than the listing price. In less than 48 hours after active in the market, the property was locked into escrow. The buyers and sellers came out on top by having their goals achieved and closed in about 30 days. What can we do for you?

Recently we sold a house in the Eagle Rock area of Los Angeles California near the 2 freeway. The service included a combination of matters to attend. Baby Boomer sellers making housing transition to a retirement community, house lacking upgrades in general, and seeking the best offer from demanding buyers. The property had to be cleaned out of all personal seller belongings that occupied the house since 1983, lacked compliant water efficient devices, and earthquake gas shut...off valve plus many other things; we took on the task and made all arrangements without stress to the sellers. However, a surprising matter was that the same day the listing was active to the public, the next door house came active for sale; it was in turnkey condition. This represented a tough opponent to compete plus avoiding a lengthy Days in the Market activity. Our product lacked allure of modern housing. But our experience surfaced and used the traffic of the other house’s visitors during their open house; we made the strategy to make our listing the best alternative for the price with the aim to get an attractive offer the sellers could not refuse. Our signs are very attractive so the 3rd visitors were convinced by our individual "in person" presentation and eventually communicated with their agent. After 24 hours, we had 5 offers and the top one was 7.91% more than the listing price. In less than 48 hours after active in the market, the property was locked into escrow. The buyers and sellers came out on top by having their goals achieved and closed in about 30 days. What can we do for you?

Beautiful Condominium in West Hollywood area. Open Houses: 12/8/2015 from 11:00 a.m. to 2:00 p.m. and 12/12/2015 from 1:00 p.m. to 4:30 p.m. Please share this information and view the property by clicking the following Zillow link, thanks. http://www.zillow.com//1539-N-Laurel-Ave-/2100333337_zpid/

In buying or refinancing real estate the most critical part of the transaction is the financing because it is what makes it affordable. We make it simple and affordable by selecting the best lending options for your real estate plans. The following are reasons for working together: Refinance: restructure the current home loan, remove mortgage insurance, switch from government loans to conventional, have better terms, and more manageable payments HARP 2.0: Refinance with n...o appraisal required Purchase: first time buyer, growing family, step up to better or bigger residence, and many more reasons Rate Reduction: present interest rate high, swap adjustable rate mortgage to fixed rate, or take advantage of current historical low rates Home Improvements: additions to the house, and renovation, increase curb appeal, and improve market value Debt Consolidation: combine all debts into one single payment, get rid off non-deductible consumer interest charges, and increase tax write-offs Mortgage Consolidation: put all mortgages into one manageable payment and save Money for School Tuition: pay for college or other education opportunity Cash for Any Reason: take a vacation, put money in the bank, or start a business Reverse Mortgage: planning retirement, current age is at least 62 years, and do not want anymore housing payments You may have other reasons to need a mortgage loan and whatever those are we will improve your present financial condition rest assured.