condos

Condos Versus Houses

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Sometimes people begin the home buying process already knowing whether they’d like a condominium or a house, and other times, they’re unsure. While some people feel that houses are a better investment than condos, that isn’t always the case. And there are trade-offs, regardless of which type of home you choose. The key to knowing whether to buy a condo …

multigenerational housing

Multigenerational Living Makes A Comeback

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From Empty Nest to Full House .. Multigenerational family living is back! Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to a recent Pew Research Center report, the number of multigenerational homes dropped to as low as 12% in 1980 but …

road block to buying a home

Roadblocks to the American Dream

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What’s Stopping Home Buyers? A Look at the Most Common Challenges Home Buyers Face & How to Overcome Them It’s no secret that we’re in a “Seller’s Market” right now in Southern California, meaning that the inventory of homes for sale doesn’t meet the current demand. As a result, some home buyers are finding this a difficult time to buy …

Applying For A Mortgage: Why So Much Paperwork?

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During the homebuying process, the mountain of paperwork seems to never end…   We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on …

Piggy Bank

Why You Should Buy a Home Now

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Reasons to Buy a Home Now: Interest Rates & Price Trends We frequently speak with people who are considering buying a home at some point in the future — whether it’s a few months, a year or a few years out. And while there are people who can’t qualify for a mortgage, if you can, it makes sense to explore …

goof credit sign

Good Credit Counts

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Wasting Your Money? Tired of renting and throwing away your hard earned money every month? Then now is the time to buy a house or condominium. The housing market is strong, and there are many beautiful homes for sale in Long Beach and surrounding communities waiting for their new owners. Not to mention that interest rates are slowing increasing. Know …

pre approved

Pre-Approval Letter

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What is a Pre-Approval Letter? A pre-approval letter is a document that states the amount a lender thinks you will be able to borrow. It is based on your income, credit profile, and expenses. Lenders will take into consideration how much money you will put down on the house, job history, and debt to income ratio.     Example of …

Low down payment loan programs

Buying A Home With A Low Down Payment

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If you’re considering buying a home with a low down payment, you are not alone. A recent post by the National Association of Realtors (NAR) revealed that in the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year: 2014: …

why you should get pre-approved first

Why you should get pre-approved first

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Why you should get pre-approved first: Long Beach Realtor Shannon Jones shares three key reasons why this is an important step before you begin searching for a home.  If you’d like a referral to a local lender who can help you with the pre-approval process, we’d be happy to provide one. If you have any questions about the home buying process, …