Welcome to L.A. Home Lender

We are Los Angeles’ premier full-service mortgage company.

 

Whether you’re looking to buy your first home, are ready to upgrade from your existing home, are curious about investing in real estate, or are just interested in seeing how you can make the most of today’s interest rates; our team of Los Angeles real estate lending professionals have decades of experience in every aspect of mortgage lending.

Your Home Loan Specialist

Our incomparable access to a full suite of mortgage resources ensures that we can help you find the loan you deserve, with competitive pricing and terms available in Los Angeles’ flourishing real estate market.

 

From your initial contact, throughout the entire loan process, you will be kept up to the minute on opportunities to meet your specific home loan needs.

 

We are honored that you’ve selected L.A. Home Lender as your mortgage professional of choice, and look forward to assisting you every step of the way through this exciting process.

 
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Why Now Might Be A Good Time To Refinance

can i prequalify for a mortgage loan onlineThe uptick in volume in mortgages last week came primarily from refinancing. The Mortgage Bankers Association’s (MBA’s) Market Composite Index, a measure of application volume, increased at 3.6% on a seasonally adjusted basis during the week ended August 14th and 3% on an adjusted basis.

However, and here’s where things get interesting, the Refinance Index rose 7% from its previous week, returning to levels that haven’t been seen since May of this year. 55% of applications were for refinancing candidates, the largest fluctuation since April, considering volume in April was higher. What does this mean for you? Now may be the time to talk to your Loan Officer about potentially refinancing. [Read more…]



What Is Proposition 13 in California

proposition 13 california

Many of us remember the impact of Proposition 13 that came into effect more than thirty years ago when homeowners were outraged by increasing taxes imposed on the principal residence or family home. Since the enactment of Proposition 13, so long as ownership does not change, property taxes on the principal residence are very limited.

Unless home ownership is transferred or significant home improvements are made, initial property tax rates cannot exceed 1 percent of the property’s assessed tax value, and cannot increase by more than 2 percent each year. [Read more…]

VA Loans LA

VA Loans in Los AngelesThe Los Angeles housing market has been steadily improving since the great recession of 2007. Nonetheless, it can still be challenging to get a home loan. It used to be that getting a mortgage approved was a far easier process than it is nowadays. Strict lending requirements were put in place to protect the banks and the US economy against homeowners defaulting on their mortgage payments.

Many potential homebuyer are now required to offer a higher downpayment to secure their mortgage, in some cases up to 20%. In addition, credit requirements have become more stringent, leaving the best mortgages to those that have excellent credit. As a result, it has become much more difficult for a mortgage application to be granted approval. Fortunately, the federal government has pledged to revitalize the housing market. They offer several different types of loan assistance programs to help homebuyers and stimulate the economy. One popular program for individuals in the LA area is the VA loan.

What is a VA Loan?

Purchasing a new home is an exciting step forward in any person’s life, however, it can also be a rather time consuming and difficult process as there are so many different types of loans available. If you or your spouse is a veteran, you are likely to find that the VA loan program is a great option for you. [Read more…]

How To Decide Between An FHA And Conventional Loan

FHA Mortgage HomeThe FHA, or Federal Housing Association, has become a vital part of the US financial and real estate sectors in recent years. In the past, the FHA only helped low income families obtain affordable housing. Now they insure mortgages for families with less than perfect credit and minimal money down in a bid to help more American families own their own home.

It used to be that getting a home loan was unrealistic for potential borrowers with bad credit or low down payments. Mortgage lenders would mark these applicants as high risk for default and deny their mortgage applications. The potential home owners would be left paying monthly rent instead of building equity in a home.

Fortunately, the FHA has built a bridge between higher risk loan applicants and lenders by offering to insure their mortgage loans in case of default. Since these loans are insured, lenders are guaranteed to get their money even if the loan applicant defaults on payments.

While an FHA loan may sound like the ideal option for a first time home buyer, a potential buyer with poor credit or a buyer lacking the traditional 10% down payment cost for a house, it does not mean that this type of loan is ideal for everyone. Since a mortgage is generally a twenty-five year (if not longer) commitment, it’s crucial to weigh all your options and see whether an FHA or a conventional loan is better suited to your needs. [Read more…]