What is a Homeowners’ Exemption

What is a Homeowners’ Exemption

Success Story: What is a homeowners’ $7000 tax exemption, and do I have that? The Homeowners’ exemption is a property tax reduction given to you by the entity which calculates or assesses your tax amount. Here it’s LA county tax assessor who does...
Mortgage Pre-Qualification vs Pre-Approval

Mortgage Pre-Qualification vs Pre-Approval

How much quicker can you make acquiring your new home if you get pre-approved for a mortgage? The biggest reason people fall out of escrow is that their loan qualification wasn’t fully vetted. They did a pre-qualification versus a pre-approval. They either didn’t talk...
Is a 15 or a 30 year mortgage better?

Is a 15 or a 30 year mortgage better?

I love this question! Why? Because this was me – when I was 23 and self-employed I bought my first home and was of the mindset to pay off my home as soon as possible. I went further and took out an actual 15 year fixed mortgage figuring I better force myself to...
Do all mortgage lenders charge origination fees?

Do all mortgage lenders charge origination fees?

Origination fees and points, also known as discount points (though technically not the same) are tied to the rate you are being charged.  Origination Points/Fees Origination points and discount points are money you pay upfront to lower the rate. So technically a...
How To Get A Mortgage When You’re  Retired

How To Get A Mortgage When You’re Retired

Quora link: If you’re retired, where would you preferably go to acquire a mortgage? Fixed income is not a deal killer! Technically, you can go anywhere to get a mortgage. Many retired people think that there are special rules or restrictions against “fixed...
How to Own A Home With A Bad Credit Score

How to Own A Home With A Bad Credit Score

Quora Article: I have a bad credit score. I want to own a home, but it is impossible to get a loan. What should I do? Since I have done loans for people with 480 middle credit scores, I felt I could help with this. I know how disheartening it is to finally have the...