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Wednesday, October 31, 2018

Taking Fear Out of the Mortgage Process #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor #TimeToBuy

Taking Fear Out of the Mortgage Process #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor#TimeToBuy : #ChrisBJohnsonRealtor,#5StarREALTOR® Number 1 Realtor in Moorpark & Camarillo*, Top Three Realtor’s in Ventura County*, *AR Best Real Estate Agent, ...
BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 
Your home is probably the biggest asset you own. This is why you should hire a professional to guide youthrough all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sellhome. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve....
Taking Fear Out of the Mortgage Process | MyKCM
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and good credit history.
Throughout the entire home buying process, you will interact with many different professionals who will all perform necessary roles. These professionals are also valuable resources for you.
Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests to follow:
  1. Find out your current credit history & score – even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® of all closed loans in September was 731, according to Ellie Mae.
  2. Start gathering all of your documentation – income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional – your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.
  4. Consult with your lender – he or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval – a pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you are serious about buying!

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.

About Me

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Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
RateMyAgent:
Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor https://youtu.be/CRCXLh4EycU 
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Tuesday, October 30, 2018

Are You Spending TOO Much on Los Angeles County Rent? #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor

Are You Spending TOO Much on Los Angeles County Rent? #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor: #5StarREALTOR® Number 1 Realtor *, Top Three Realtor’s in Los Angeles & Ventura County*, *AR Best Real Estate Agent, Luxury Home Auction Sp...


5 Star Rated REALTOR #ChrisBJohnsonREALTOR
https://youtu.be/p4-VfR1DJNA
Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor
https://youtu.be/CRCXLh4EycU
https://biteable.com/watch/sell-for-more-pay-less-chrisbjohnsonrealtor-1959786/afffdc699004f8b15891489c4de17b4cbd4e3a75
https://biteable.com/watch/xome-super-seller-1954842
https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews
http://www.VCNeighborhoodValues.com
http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php
http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/
http://my.flexmls.com/ChrisBJohnsonRealtor               IDX
https://drive.google.com/file/d/0Bzia-m_p1JFMMVMzSGZFdmNYV28/view?usp=sharing
http://www.simplifyingthemarket.com/?a=97822-26df5ea08f8689012df0225866ae0bf1
https://www.linkedin.com/today/author/chrisbjohnson
https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/
https://www.linkedin.com/pro/chrisbjohnson
http://www.linkedin.com/in/chrisbjohnson
https://activerain.com/profile/chrisbjohnson
https://activerain.com/blogs/chrisbjohnson
https://www.youtube.com/c/ChrisBJohnsonRealtor
http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/
http://www.google.com/+ChrisBJohnsonRealtor
http://www.google.com/+ChrisBJohnsonRealtorMoorpark
http://www.google.com/+ChrisbjohnsonrealtorMoorparkShortSaleRealtor
https://moorpark-short-sale-specialist.business.site
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Are You Spending TOO Much on Ventura County Rent? #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor

Are You Spending TOO Much on Ventura County Rent? #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor: #5StarREALTOR® Number 1 Realtor in Moorpark & Camarillo*, Top Three Realtor’s in Ventura County*, *AR Best Real Estate Agent, Luxury Home Auction Sp...
BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 
Your home is probably the biggest asset you own. This is why you should hire a professional to guide youthrough all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sellhome. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve....
Are You Spending TOO Much on Rent? | MyKCM
Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses.
According to new data released from ApartmentList.com49.5 million renters in the United States were cost-burdened in 2017, meaning they spent more than 30% of their monthly incomes on rent. This accounts for nearly half of all renter households in the country and is up 3.1 million from 2007.
When a household is cost-burdened by their monthly housing expense, they are not as easily able to save money for the future. This is a big factor for many renters who dream of owning their own homes someday.
But there is hope for those who are able to save at least a 3% down payment! The percentage of income needed in the US to buy a home is significantly less than renting at 17.1%!
The chart below compares the historic percentage of income needed to rent and buy from 1985-2000 to the first quarter of 2018. As you can see, the cost of renting has climbed above historic numbers while the cost of buying dropped over the same period of time.
Are You Spending TOO Much on Rent? | MyKCM

Bottom Line

If you are one of the many renters who is spending too much of their monthly income on rent, consider saving money by getting a roommate, moving into a less expensive apartment, or even moving in with family. These are all ways to save for a down payment so that you can put your housing costs to work for you!

About Me

My photo
 
Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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