California housing costs will remain high going into the future. It's a matter of supply and demand. Even though the quantity of new housing construction permits have been going up over the past few years, the quantity is no where close to where it needs to be to house the household growth of 165,000 per year. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI,...Continue Reading!
The old 680 is today's 740... Income is one of the parameters used to qualify for a mortgage, but the rate and loan to value will be determining factors what your interest rate will be. I'll be conducting another workshop this Saturday May 16 for the Economic and Financial Education Council on how to improve your credit score.Learn how your actions, even if you thought would benefit your credit rating, could hurt you. Learn the tricks of the trade, and how...Continue Reading!
August 1, 2015 will be the first day TRID will have it's impact on the entire real estate market. Unfortunately the majority of those in the industry are still naive on what TRID is, and how it will effect real estate transactions. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) directed the Consumer Financial Protection Bureau (CFPB) to integrate the mortgage loan disclosures under the Truth-in-Lending Act (TILA) and the Real Estate Procedures Act (RESPA). The documentation will be...Continue Reading!
FICOs and credit scoring has a huge influence on you getting approved for a mortgage, and what your interest rate will be. Learn how your actions, even if you thought would benefit your credit rating, could hurt you. Learn the tricks of the trade, and how underwriters (and computers) look at you. Just a few rating points can mean thousands of dollars. Gain knowledge on how to better your financial health. This is a free educational seminar sponsored by the Economic...Continue Reading!
Hear the latest on what's happening in Washington DC, and how it will affect the real estate industry and consumers. As a California delegate, Ron Henderson will present an overview on what transpired at the National Association of Mortgage Professionals Legislative and Regulatory Conference. Hear how Dodd Frank Regulations are being implemented, and how Elizabeth Ellis (Deputy Assistant Director of CFPB), Congressman Sean Duffy (Chairman of the House Financial Services), the new FHA Commissioner and other influential political representatives are...Continue Reading!
As a Government Affairs Chair for the California Association of Mortgage Professionals (CAMP), I get exposed to upcoming bills being presented to local, state and federal governmental branches. February 27th is the last day bills can be introduced on the state level, but here are a few that have been submitted that have some real estate exposure... CA AB 99 Author: Perea (D) Title Income Exclusion: Mortgage Debt Forgiveness Summary: Amends the Personal Income Tax Law that provides for modified conformity to specified provisions...Continue Reading!
Purchase or Refinance, owner occupied or investment properties, with one loan that can update, customize, remodel, or expand an existing structure. Learn the difference between these unique programs, and which program will work best for specific applications from Ron Henderson President / Broker of Multi Real Estate Services this Friday February 20 at 8:15am at the OutWest Marketing Meeting Weiler’s West Hills Deli (Conference Room) 22323 Sherman Way, Canoga Park, CA. The presentation and the OutWest Marketing networking meeting is free...Continue Reading!
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for California Association of Mortgage Professionals evaluates the present mortgage interest rate environment as of February 11, 2015 Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc www.mres.com [email protected] CalBRE#00905793 NMLS #30358 Specialist in the Art of Real Estate Sales and FinanceContinue Reading!
Virtual Tour- 3040 Mulberry CR # 52, Thousand Oaks 91360 Former model unit on 7840 Sq ft corner fenced lot with private setting for kids and entertaining. Guest parking near by. Upgraded kitchen includes Bosch gas stove/Farmers sink and "Cashmere" granite counters with huge island that opens to dining area. Newer wood like laminated flooring. Over 1850 Sq ft with 3 bedrooms/3 updated baths. Indoor Laundry room. Fireplace in Living Room with high ceilings. Association offers exterior maintenance, tennis courts,...Continue Reading!
The California values are up a moderate 3.1% year over year. Inventory is up marginally, time on the market up, and the Affordability Index is flat, thanks to low interest rates have lasting longer than expected. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals www.mres.com [email protected] Specialist in the Art of Real...Continue Reading!