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
Prime location in sought after neighborhood, Highland Park, positioned between Figueroa Street and York Blvd, a short walk to all of the cafes, shops, dives and restaurants. Fully remodeled California Bungalow, featuring 3 bed 2 bath with functional open floor plan, 2 car garage with additional workspace and a fully landscaped backyard with a kids play area and extensive entertaining space. Some of the major updates in 2015 include all new copper plumbing, new electrical system, new HVAC system and new master bathroom with walk in tiled shower. The kitchen details include African Mahogany wood countertops, all Samsung appliances (stove/oven, refrigerator and dishwasher). Solid blond oak woo
Pre-approval requires the lender to pull the credit information (see Step 1) and assess your financial situation. The lender will then give you a letter that states the amount they would be willing to lend you. If you get in a multiple-offer scenario, being pre-approved may give you an edge because the seller will have more confidence that you will be approved for a loan large enough to purchase their home.
So what is a good credit score? You can expect a good mortgage rate at anything above 720. Home buyers who pursue an FHA loan can usually secure a loan if their credit is 580 or over. FICO scores are available at www.myfico.com for a one-time or monthly fee. Once you know your score, you can find out what interest rate you will likely qualify for by researching interest rates on Zillow.
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Per new Corona virus law- no Private showings- VIRTUAL TOUR AVAILABLE. Newly renovated and ready for immediate move-in, this lovely 1 bed, 1 bath condo has everything you need in an amazing Brentwood location. Featuring bamboo floors throughout, a balcony that is accessible from the living room, in-unit hook up for washer/dryer, granite counter tops, stainless steel appliances and travertine tile in the kitchen. The building is fully equipped with a heated pool, GYM, sauna, video intercom system, and gated garage with an assigned parking spot. Close to the best shops and restaurants, this home is not to be missed!
USDA Loans. If you’re buying a home in a rural or outer suburban area, you may qualify for a USDA loan, another type of federally insured loan designed to bring housing within reach for lower-income country-dwellers. Unlike FHA and VA loans, USDA loans are direct loans – they’re made by USDA itself. Use USDA’s property eligibility map to see if you qualify.
How you progress through a home buying transaction can vary somewhat depending on the real estate laws and customs where you live, but many steps are standard. You'll feel more confident about your home-buying journey when you understand the chain of events and what's required of you, as well as every other person who's involved in the transaction.
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Because repeat buyers can often put some of the money from their previous home sale towards their down payment, they’re more likely than first-time buyers to put down larger lump sums. First-time buyers, however, are more likely to put down between 3 and 9 percent. According to a Zillow survey, only 37 percent of first-time buyers pay 20 percent or more.
For lenders, whether it’s a bank, credit union, or other type of lender, a down payment helps offset their risk in making a mortgage loan because it means the borrower immediately has some skin in the game–an investment to protect. The more money you pay down, the less the lender stands to lose if you default on payments and the lender has to foreclose, especially early in the loan term. This is why borrowers who put less than 20 percent down usually have to get PMI, as it protects lenders by repaying the unpaid portion of the loan if the borrower defaults.
However, the devil is in the details. You have to pay back your 401k loans, with interest – typically at 2% above the prime rate. On larger loans, that means several years’ worth of three-figure monthly payments and several thousand in interest charges. Plus, if you take out a 401k loan before applying for a mortgage loan, your credit utilization ratio will spike, which could raise your mortgage loan’s interest rate or cause the bank to think twice about lending to you in the first place.