RECENT BLOG POSTS
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Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits - which you can't take advantage of when paying rent.The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your saving...
11/18/2010
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Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collecti...
11/18/2010
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Credit scores, along with your overall income and debt, are big factors in determining whether you'll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:1. Check for and correct any errors in your credit report. Mistakes happen, and you cou...
11/18/2010
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1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund...
11/16/2010
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1. Develop a household budget. Instead of creating a budget of what you'd like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs such...
11/16/2010
W-2 forms - or business tax return forms if you're self-employed - for the last two or three years for everyperson signing the loan. Copies of at least one pay stub for each person signing the loan. Account numbers of all your credit cards and the amounts for any outstanding balances. Copies of ...
11/16/2010
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Brush up on these mortgage basics to help you determine the loan that will best suit your needs. Mortgage terms. Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, you pay more interest overall if you borrow fo...
11/16/2010
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In high-priced housing markets, it can be difficult to afford a home. That's why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages and instead opting for a specialty mortgage that lets them "stretch" their income so they can quali...
11/16/2010
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If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closi...
11/15/2010
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Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It's critical that t...
11/15/2010
Rainmaker
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Donna Ferrell
Broker, SFR, AHWD, HAFA, CRS, GRI, CRB, 203k, CMCA, CDPE, RCC
Real Estate Resources
Broker, Realtor, Owner for Your LA Properties Real Estate June 2004—present
Your LA Properties Real Estate is full service Brokerage and Property Management company.…
Property Manager, Owner, Broker for CALCO Management June 2001—present
CALCO Management is Southern California’s premiere full service property management