Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many Americans on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.
Authentic craftsman detail and luxurious modern finishes coexist in this open & airy home in popular Lafayette Park. A stately fireplace with vintage tile and built-in shelving anchors a bright white, open living space with rich hardwood floors, wood frame windows, and crown molding. In the open kitchen, custom cabinetry, black hardware, and a farmhouse sink recall the craftsman era. The playful geometric tile backsplash, countertops and stainless appliances assure the kitchen has one foot firmly rooted in the present, providing a modern functional work space. A charming bathroom features custom tile, black fixtures and a pedestal sink. There are two sunny bedrooms, one with sliding French
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Search for Los Angeles luxury homes with the Sotheby’s International Realty network, your premier resource for Los Angeles homes. We have 93 luxury homes for sale in Los Angeles, and 2,748 homes in all of California. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Los Angeles.
VIEWS, VIEWS, VIEWS!!!! Situated in the Los Feliz Hills, this 1 bedroom, 1 bath condo boasts floor to ceiling windows opening up to a large balcony with breathtaking views. Open floorplan with spacious living and dining areas. Open kitchen with an abundance of cabinets. Spacious bedroom with ample closet space. The complex offers many amenities including: 24-hour doorman, security, club room, fitness room, saunas, and heated pool. Within close proximity to the 5 freeway, restaurants, Griffith Park, Greek Theatre, shopping, hiking trails, and Los Feliz Village Shops. HOA includes water, gas, trash and basic cable. Subterranean parking, gated and secured. A MUST SEE!! See a virtual tou
Paying off credit card debt isn’t always straightforward, though. Focus on your highest-interest debt first (debt avalanche method), even if that means putting as little as $25 or $50 extra toward your payment each month. As your high-interest debt load shrinks, you can move onto lower-interest credit card debt, and you’ll likely accelerate your progress toward a $0 balance. With lower (or no) interest charges eating into your spending and saving power, you can then direct your dollars toward your down payment fund.
If your offer called for a home inspection, this is a big day. Sure, you get to have a home inspector look over the home to make sure there are no unseen defects you want to negotiate to have fixed. But more importantly, this is the most time you’ll get to spend in your new home until closing. Go ahead and start measuring things and figuring out what goes where. This may be the last time you are inside the home until it is yours, several weeks from now.
This person will be your lifeline through the process. Not so long ago, people didn’t have much to go on when selecting an agent. A postcard in the mail or a name on a sign might have been all you had to consider if you didn’t have a personal referral. But now it’s a breeze to check reviews online. Go ahead and meet with a few agents and ask some questions. Your agent is your chief advocate, confidante and hand-holder in the process so you want to find a good fit.
People who inherit a windfall sometimes choose to put more than 20% down, so their payments will be lower and they can avoid mortgage insurance payments. But others, with very low credit ratings, are required by the lender to put more than 20% down. According to Robert Berger in U.S. News & World Report, if your credit score is under 620, you'll probably have to put more than 20% down to get a conventional loan.