How To Find Your Way Through The Home Loan Jungle - Part One

Finding Your Jungle Guide-Part One

Okay, the last secret I told you about was how to compile a credit and income package for a lender so you could get accurate quotes and pre-approvals.  Now, I'm going to tell you how to shop for the right loan originator. 

I have always stated that you should be shopping mortgage consultants not loan programs but this double-barreled article will help you do both.  Understand this first.  You are NEVER going to get the absolute best rate offered on a home loan; it's impossible to determine what "best is:

READ:  You'll Never Get The Best Rate

Instead, you should be shopping loan originators.  You should spend some time online and on the phone getting to know the originator before you give her a copy of your "credit" package to receive a quote.

READ:  Borrow Money Like You Would Buy A Cell Phone

You should get a list of 5-6 loan professionals and spend 10-15 minutes on the phone with them.  Where do you find these people?  Here are some sources for "leads' on good loan originators:

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Posted on April 09, 2007 19:56:59 by Laurie.Manny

How To Get The Best Home Loan - Neatness Counts When You Want a Home Loan

Wanna know the inside scoop on mortgage financing?    Im going to teach you how to get really cheap mortgage terms.  Just dont tell them where you heard about it.

The secret is this; organize your documentation BEFORE you call around.  If you follow these seven steps and compile a package that you can e-mail to mortgage originators, you can effectively play us off one another and get smoking great terms for a home loan.

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Laurie Manny Long Beach Realtor (562) 212-5420
Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803
Long Beach Real Estate Blog Long Beach Real Estate Website

 

http://www.lauriemanny.com/00088E

Posted on April 09, 2007 17:27:07 by Laurie.Manny

Long Beach Condo Fire Are You Thinking About Buying a Long Beach Condo?

LONG BEACH REAL ESTATE

There are many factors to consider when purchasing a high-rise Long Beach Condo.  One that we don't think about often is fire safety.  Does the building you are considering buying into have adequate protection in the event of a fire?  Are there Sprinklers?  Some interesting facts have arisen from a recent Long Beach tragedy which should certainly be considered when purchasing your Long Beach Condo:

LONG BEACH CALIFORNIA:  Wednesday, March 29, 2007 at 9:30 PM, a deadly fire broke out in the east wing of the luxury Long Beach high rise, Galaxy Towers Condominiums at 2999 Ocean Blvd., in Historic Bluff Park, Long Beach CA.   The fire claimed the life of one man, John Carlyle Crews who tragically jumped to his death from his 18th floor balcony.  Apparently the Galaxy Tower Condominiums were not required to install a sprinkler system, due to grandfathering, which could have minimized this tragedy according to Long Beach Fire Capt. Mike Duree.

Other high rise Long Beach Condos, such as the Broadlind in the East Village Arts District in Downtown Long Beach, and the Historic Villa Riviera, in Alamitos Beach, had sprinklers installed, even though they too were grandfathered in and not required to do so.  There are approximately 10 high-rise Long Beach Condos that are not required to install sprinklers, due to grandfathering, at this time.  (Definitely something to think about if you are considering purchasing a high-rise Long Beach Condo)

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Posted on April 08, 2007 12:14:52 by Laurie.Manny

Los Angeles Real Estate Sales Statistics for Los Angeles County CA

From SoCalMLS Tax Records:

Sales Statistics for Los Angeles County CA

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Posted on April 07, 2007 11:12:45 by Laurie.Manny

Home Buyer Tips - Dont Make Any Major Purchases

Home Buyer Tips

Dont Make Any Major Purchases

Major purchases will cause you to qualify for less mortgage when purchasing your home.  The types of purchases to avoid prior to your purchase are:

• Automobiles
• Furniture
• Appliances
• Computer and Stereo Equipment
• Jewelry
• Vacations
• Weddings
• etc¦

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Laurie Manny Long Beach Realtor (562) 212-5420
Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803
Long Beach Real Estate Blog Long Beach Real Estate Website

 

http://www.lauriemanny.com/00085D

Posted on April 05, 2007 19:14:47 by Laurie.Manny