I'm a mortgage Real estate Broker from los angeles California, I own several companies here and I like to write articles because I think that with different knowladge and experiance I can help people out there to create something better in their life, make money, built a family and be Happy.
I think it's only a matter of the way we look at things, we create our own world, we have a lot of power to do that , so please use it friends.
America is different then 3,4,5 years ago, everything was happening- people would make lots of money and then they spend lots of money, so everybody were saying hot it's amazing and how life in America is so Beautiful.
Real Estate was a huge part of this ordeal, I know lots of people not just in America but also people from Europe, the UK, China, Japan, people from all over wanted to come to America to buy Real Estate, To learn how to buy Real Estate or just to look at people buying Real Estate, and if you would ask a person "what are you doing here if you're not buying anything"- this person would say "it's just unbelievable, I had to see it with my own eyes to confirm".
Do you remember when your friends bought 2 or 3 different properties at the same time? sorry......100% Loan to value ? unbelievable.......
Back then You would go to a Loan Officer and ask for 100% LTV with 600 FICA score purchase of $700,000, the Loan Officer would say"Of Course" it's easy for him since anybody could do that , and the Loan officer would make lots of money from providing the client with an amazing interest rate.
WHERE ARE WE TODAY?
I live in Los Angeles California, here we're used to go out a lot and spend our money because we make so much....... or should I say we don't make so much anymore, so the streets are kind of like dieing.
Since I own a Real Estate Mortgage Company I've seen money in good times in Los Angeles California, but now the bank are tight....really, really tight, WHAT TO DO? It's effecting the Homeowners all around us, it's effecting investors also if they have money in the bank, other banks still will ask for all kind of things just not to do the Loan.
Real Estate Foreclosures are all over, every neighborhood, every town, every state but the most foreclosures I heard of are in California, Long Beach, Los Angeles, Riverside, Alameda, Santa Clarita and many more places.
THE GOVERNMENT SOLUTION:
FHA Streamlined Mortgage Loans, I do lots of FHA Streamlined Loans for Refinance and Purchase.
HOW DOES IT WORK?
FHA Streamlined Mortgage Loans are basically full doc Loans only and only approved Brokers can do FHA Loans.
You can qualify up to 4 people on the same application, it's good because it helps you to actually make this a full doc file also if the Borrowers are a low income family.
The Loan amounts is up to $720,000 and The interest rates are great, and the government is not that tough as I thought, they're actually much better then the banks out there that do conforming Loans.
Fidelity Mutual Mortgage it's my company, if you guys ever will need any help just not to loose your home or your friend's home, go fill up an application online, it's easy and will definitely help you.
Good Luck
- Related Videos
- Related Articles
- Ask / Related Q&A
Title Company – Its Importance in Buying your Dream House Hassle-Free
By: Marikor Hidalgo | 24/11/2009Home purchase is probably a dream come true for most potential home buyers who have waited for this privilege to finally happen. In the midst of the pressing economic condition and financial unrest, it is inevitable that you may encounter opportunistic people and scammers who usually prey on unknowing victims.
MLS Ontario: Get Your Property Listed
By: Article Manager | 24/11/2009The multiple listing services in Ontario provide an opportunity to make real negotiations between a listing broker and the buyers to finalize a reality deal effectively.
Flat Fee MLS Listing: Real Estate Information at One Place
By: Article Manager | 24/11/2009The Flat fee MLS listing is one of the most economical and important tools for sellers in the real estate market and their properties in the reality market place.
Executive Office and Warehouse space in Irvine
By: Mike Diesen | 24/11/2009Orange County has emerged as a business hub which can weather just about any economic storm. It is also likely to remain as one of the preferred choice on the target lists of investors and of the people will to rent the executive office space. In the Orange County, Irvine has been emerging as a place that has caught special attention of the developers and is now on the eyes of tenants too.
A brief introduction to properties in Shanghai
By: Dodo Wu | 24/11/2009Compared to Old Shanghai properties, New Shanghai properties are recently built. You would be surprised to find new Shanghai property in various styles of architecture like North American style, Japanese style & Chinese style.
Shanghai apartments: Offering a wide range of options to foreign expatriates
By: Dodo Wu | 24/11/2009New Shanghai villas have large open spaces including private backyards, gardens, and green areas. Most of them are equipped with modern club facilities, gymnasium, swimming pool, sport facilities, restaurants, 24 hour security management, housekeeping, gardening, and other on-site facilities.
Shanghai relocation: Some suggestions to make it smooth & hassle-free
By: Dodo Wu | 24/11/2009It is equally important to look for Shanghai house or Shanghai apartment that allows you to reach your office conveniently and quickly. Your Shanghai house must offer good connectivity to major business districts and financial centers.
Things to Secure In Your Home
By: breezego.certified | 24/11/2009The first thing first time home buyers always think about is furnishing their home; making it their own. They sometimes don't realize they need a security system until its too late. When they finally think to get one, they may think a system is sufficient enough and miss a few crucial parts around the house that could be an entrance for a burglar. It is imperative that people know how to fully secure their home and deter any potential burglars or, even worse, a criminal.
Get Smart With Marketing Your Real Estate Company
By: Yanni Raz | 18/03/2008 | Real EstateThere are many things people do to get more Leads, more Business and make more money. What you will do to be different, catchy, unique, Artsy yet Business oriented and FRIENDLY.
Things You Need to Know Before Getting a Commercial Real Estate Loan
By: Yanni Raz | 18/03/2008 | Mortgage1. This property will use as owner occupied or Investment- it's very important question because it will effect the interest rate and the Loan program.