Luxury Home Financing in Newport Beach CA
By · CommentsDid you see in USA Today the other day about how Jumbo mortgage loans are so tough to get that it is keeping the housing market from recovering? Well if you are looking for Newport Beach CA homes for sale, then you need to contact me because I have excellent loan programs up to $5,000,000 and higher.
Do you need more than a pulse to get a mortgage like that in Newport Beach CA or other luxury home markets? Yes of course. You actually have to have verifiable income that supports being able to make the payments, cash reserves and excellent credit scores, but if you do, I have Jumbo luxury home programs with as little as 20% down. The higher up you get in purchase price and loan amount the more down payment you will have to come up with. But the truth is there are funds available for qualified buyers/borrowers.
Which leads me to my next point – Don’t believe the media! You’ve probably heard that before and say that you don’t, but be sure that you keep that in mind when you evaluate a story. Have spent decades in the sports, tv and radio industries I have seen first hand countless times where the I knew what the real story was and then saw how wrong the media got it. Put it this way, any article you’ve ever read regarding tv and radio audience ratings probably didn’t interpret those numbers correctly.
Anyway, back to Newport Beach CA homes for sale and luxury mortgages. Just because the media says they aren’t available, doesn’t mean it is true. As I mentioned, you do have to be well qualified. But isn’t that a good thing? All the prognosticators whining about how all these poor people were misled into getting loans they couldn’t afford now are whining about how people can’t qualify for loans. You can’t have it both ways as much as Barney Frank would like it!
So what does verifiable income mean. It means you either have tax returns that show net taxable income that supports making the payments, or you don’t. Oftentimes luxury home buyers and borrowers own their own business and in the guise of reducing their taxes, don’t show as much income as they could or should. This could be short term thinking hindering a long term goal as if you’ve minimized your taxes by showing less income, that could mean you can’t get the loan you need to buy the house you want.
So if you or someone you know needs to learn more about Newport Beach CA homes for sale and the luxury financing it will take to purchase one, please have them contact me. Thank you!
Do You Have a Plan for Buying Your Next Home?
By · CommentsI have clients that are looking for Huntington Beach CA Homes for Sale. Are you or is someone you know looking to buy a new home in Huntington Beach, or some other city? If you don’t have a plan, then don’t do anything until you develop one. You could be setting yourself up for a situation where you are paying too much in purchase price, paying too much in interest costs and closing fees, spending too much time, causing yourself unneeded stress, and ultimately losing the home you really wanted because you didn’t have a plan.
If you would like help with developing a plan, then please contact me and I’ll send you my FREE Booklet for Home Buyers titled “How to Negotiate the Lowest Possible Price for Your Next Home”. While the booklet is obviously geared to the home buying process, the strategies you learn will help you with any purchase negotiation. Wouldn’t you like to learn how to save money on your next car or furniture purchase.
There are 10 key steps to take and over the next few days I’ll feature a couple of them each day so come back to learn more.
- Know the Neighborhood; Know the Market – Your first priority is to narrow your search to no more than a few neighborhoods that meet your most important criteria.
- Know the difference between what you want and what you need – It’s important that you make this list of basic necessities now, before you start looking at homes. One of the things I can do for you in a Strategy Session is to help you make distinctions between wants and needs.
You owe it to yourself and your family to get the information included in my Home Buyers Guide. You have nothing to lose, except time, money and aggravation if you don’t, as I offer the guide for FREE.
So whether you’re looking for Huntington Beach CA Homes for Sale or looking elsewhere, develop a plan and then stick to it!
Have a great week!
Long Beach CA Mortgage
By · CommentsIt was a great week for people looking for a Long Beach CA mortgage. We saw rates drop throughout the week and I kept an eye on the bottom and was able to lock in a couple of clients on Thursday before rates increased slightly on Friday.
It is important that you work with a Certified Mortgage Planner who has his (or her) finger on the pulse of the mortgage bond markets. That’s what we do.
HVCC or the Home Value Code of Conduct continues to wreck havoc on the real estate market and you can thank Cuomo in New York for costing you tens of thousands of dollars of equity in your home. Inexperienced and unlicensed appraisers are flooding the market with terribly flawed appraisals, driving down values. Some estimates are that we have lost $1.7 trillion in equity because of it. Please click here to learn more and sign the petition to stop HVCC.
Let me know your thoughts on HVCC and if you have had any trouble with an appraisal since it was enacted in June.
If you are searching for real estate and need a Long Beach CA mortgage, or know of someone who does, please contact me or have them contact me. Thank you!
