Elite Equity recently closed a purchase loan for a client who couldn’t qualify for conventional financing. Borrower had credit issues that wouldn’t allow him to attain any type of Fannie/Freddie type loan. The clients have since moved into their new home and couldn’t be happier!
If you own a home and are looking to either sell or refinance, you are in a very good position. If you’re considering selling your home, it’s no secret that Los Angeles Real Estate has always been and will continue to be a hot commodity. If your house is priced right and shows well – you will definitely attract a lot of attention and sell your home quickly.
Interest rates are at extreme lows, enabling people to either refinance their mortgage or get qualified to purchase a new home. The problem is, however, that appraisal values are consistently coming in lower – a clear indication that real estate values have not hit rock bottom just yet.
Mortgage Brokers work as the “middle men” between the borrower and the bank securing wholesale rates for their clients. They typically get paid by the wholesale banks (also known as a “Rebate” or “Yield Spread Premium”), depending on what kind of rate they secure for the borrower.
Probably the most common question people ask nowadays: “Is this a good time to buy?” Buying a home is probably one of the biggest investments you’ll ever make. It’s the biggest aspect of the “American…