Buying A Home

Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you’re not familiar with all aspects of the process, and don’t have all the best information and resources at hand. One of our specialties is representing the best interests of Orange County area buyers throughout the home buying process. Our comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.

If you’re like most people, buying a home is the biggest investment you will ever make. So whether you’re buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert for Orange County to make the most informed decisions you can, every step of the way!

See below to learn more about buying.

LEARN MORE ABOUT BUYING

I Had a Short Sale or Foreclosure – How Long Before I Can Buy Again?

Sep 16, 2014

If you’ve been through a short sale or foreclosure and are looking to get into another home, it’s the type of loan you get that determines how long you have to wait. Educate yourself and check out our quick breakdown of the wait periods after both short sales and foreclosures based on the type of loan you secure. Are you eligible for the reduced wait period? Defining extenuating circumstances For the Fannie Mae and Freddie Mac loans there are reduced wait periods available under extenuating circumstances for foreclosures and short sales. What are these extenuating circumstances? Well there are a few but they’re more restrictive than you’d think. If you had a loss of job or a loss in the family you might be eligible. However things like divorce and general financial hardship do not apply. To be eligible for the reduced wait period you must also have AUS (automated underwriting services) approval and a max LTV of 90%. Each loan has a specific LTV which specifies the percent of the home value a lender will lend to you as a borrower. For example with a 90% LTV loan on a home priced at $600,000, you could borrow up to $540,000 which is a requirement of at least 10% down payment. Calculating your specific wait period: Fannie Mae Foreclosure: Calculated from the date the title was transferred out your name (the borrower) to the date the credit report is pulled on the new transaction. Short Sale: Calculated from the date of competition of the short sale to the date credit report was pulled on new transaction. Freddie Mac Foreclosure: Calculated from the... read more