Termites!
Termites! I got a question from a Realtor today asking if the termite company doing the work on a condo was “VA approved”. This is a really good question. Most people think the VA and FHA have to approve of everything but they DO NOT. Great news. The VA has no...
A Self-Employed Person Cannot Buy an Investment Property.
A self-employed person cannot buy an investment property. FALSE! While many banks shy away from lending to borrowers who “write-off” all their income, commercial lenders for 5+ units are looking for the building to be self-sustaining and look to the borrower for good...
Why You Need Title Insurance Even If You Are Paying Cash…
Could you afford to lose a $100k cash or more on an investment? I had a client who told me about a “great deal” they received on a home they purchased in Palos Verdes. The sellers “wanted out” and sold the house for only $100,000 when it was worth $550,000. The...
For Realtors Only: Mortgage Rates for 11.21.14
Your Weekend Rate Sheet: Your buyer’s interest rates can be locked in over the weekend, so if you have a client who is close to having an accepted offer and is nervous about rates we can lock that interest rate in. Remember, we also have the float down: if rates...