Old Capital Real Estate Investing Podcast with Michael Becke...

James Levine James Levine | 1 year ago

The best way is to ask friends and relatives for referrals, but make sure they have actually used the broker and aren't just dropping the name of a former college roommate or a distant acquaintance. Learn all you can about the broker’s services, communication style, level of knowledge and approach to clients. Another referral source: your real estate agent. Ask your agent for the names of a few brokers that he or she has worked with and trusts. Some real estate companies offer an in-house mor...

How to get a home mortgage with tax id (ITIN)?

Realiff Realiff | 1 year ago

Yes it’s possible to get a mortgage with ITIN, the U.S. is one of the few countries that allows non-citizens to obtain property. Individual Tax Identification Number (ITIN) loans are for people who are not eligible for Social Security numbers. ITIN’s are issued to both resident and nonresident aliens for tax-reporting purposes. If you are interested in applying for an ITIN Loan, you will need to fill out several forms including:Proof of a sustainable amount of incomeCredit historyIncome ve...

What should I do before buying a house in California?

realiff.academy realiff.academy | 1 year ago

To make buying a house process in California as straightforward as possible, Prepare a checklist for Getting Ready to Buy Real Estate in California: 1. Calculate your monthly income and debt.2. Check your FICO Score.3. Figure Out What You Can Afford as a Down Payment and for a Mortgage (Price Range).4. Get Pre-approved for a mortgage. Make sure to shop for the best interest rate by speaking to at least three lenders.5. Determine What You Need.Acceptable LocationsType of Residence (Single Family...

realiff.academy realiff.academy | 1 year ago

In the state of California, the buyer-seller financial relationship between buying and selling a home process is done through an intermediary company called Escrow Company.Escrow agents play a very important role as disinterested third parties in real estate transactions and help minimize risk for all parties involved. Escrow agents follow specific escrow instructions to make sure there is a fair and orderly settling of the transaction. The buyer deposits his money in the company screw and rece...

Ali Ali | 1 year ago

Redfin got its start inventing map-based search. Today, we’re a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We serve more than 95 markets across the U.S. and Canada and employ over 4,100 people. In 2021, we acquired RentPath which operates leading rental sites including ApartmentGuide.com, Rent.com, and Rentals.com. Combined with RentPath, we can now be a destination for all North American consumers looking for a home. Fro...

Realiff Realiff | 1 year ago

FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.Low down paymentsLow closing costsEasy credit qualifyingWhat does FHA have for you?Buying your first home?FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1-4 unit properties.Financial help for seniorsAre you 62 or older? Do you li...

realiff.academy realiff.academy | 1 year ago

A foreclosed home is one that’s usually owned by a bank or lender. Lenders can foreclose on a home when homeowners stop making their regular monthly mortgage payments, meaning that they take over ownership of that residence.Banks and mortgage lenders will then try to sell these homes, often at lower prices or with a smaller down payment. And that’s the main benefit of buying a foreclosed home: You might nab a residence that would’ve otherwise been out of your price range.Although there are...

2021 USDA Rural Development Loan Requirement Guide For First Time Home Buyers

realiff.academy realiff.academy | 1 year ago

The USDA Rural Development Loan (RD Loan), is a great way to buy a house with ZERO down payment! In this video, first-time home buyers will learn how to apply for the USDA rural development loan, who qualifies for the loan, and what type of properties can be bought with a USDA loan!More resources for RD loansSearch RD Eligible AreasCheck Income Limits in Your AreaUSDA Approved Lenders Check more videos out from Nicole Nark

How To Choose The Best Mortgage Lender For First Time Home Buyers

realiff.academy realiff.academy | 1 year ago

First-time homebuyers often face many challenges when it comes to buying a home. Because they don’t have the advantage of equity from a former home sale, their down payments are often smaller than people who have already bought and sold homes.Loan products like FHA, VA, and USDA loans can be great options as they require lower down payments and minimum credit scores. Forbes Advisor compiled a list of lenders that excel in various areas, such as offering low down-payment mortgages or specialty...

3 Reasons People Get Denied For A Mortgage

realiff.academy realiff.academy | 1 year ago

Have you ever been denied a mortgage and the bank or lender doesn't give you a clear reason as to why? Here are the 3 most common reasons we see people denied a mortgage: 1. Credit - Many people are denied because they have low scores or simply don't have enough credit. Sometimes, it isn't even about the scores, but also because they have a thin credit profile. But many times, they either have a lot of collections or maybe their credit card balances are simply too high. This is a red flag for a...