Centro Profesional Hispano | 818.888.4682
The house of your dreams
centro profesional hispano has expended it’s list of services and is now
offering Real Estate. We work with some of the best house brokers in the
San Fernando Valley. Call us to obtain your list of available properities.
1. Before applying for a home loan, the best advice you can receive is; improve your credit. On today's
economy, if you have a less than perfect credit or simply your credit is too new, you pose a greater risk for
the banks providing loans. For this reason we advise to work on fixing your credit if you have had any
issues in the past or to establish you credit history before applying for a loan and thus making your home
buying experience a more favorable one in the financial terms. If you apply for a loan and you have bad
credit, you can simply pay a higher interest rate, more loan origination fees, plus other unfavorable terms
associated with the risk that your credit history for the financial accounts. If you need help fixing your
credit, do not look at one of those companies that promise to clean up your credit in a short time, usually
there are few ethical and not helping the prospective buyer. You can contact a nonprofit organization to
help you restore your good credit.
2. Save as much as possible before you buy your home If you buy your home with a certified broker or
lender then you request for the opportunity to qualify for assistance with closing costs and down
payment. However, it is a good idea to still have a backup saved for unaccounted expenses. Note that
when you move, you probably have to buy furniture, tools for home and pay for the upkeep of this
expenses, all this issues costs money and if you use your credit card your debt will be much greater. Better
plan how much money it cost to purchase the necessities to live comfortably in your new home while
shopping for everything you need. On the other hand there is the possibility of an emergency and not
having to use credit cards to have his savings. It is advisable to have up to 6 months of savings equivalent
to mortgage payments, utilities and food, so in case of emergency, job loss or illness, is not put at stake
the security of your home.
3. There are places where to look for grants and assistance programs for buyers that have an acceptable
credit, a steady job. However, the problem many are faced with is where to get the money to pay for the
cost of buying a new home. There are several places where you can get money: "Among one of them is
your closest relatives. The bank accepts that buyers receive money from their parents and siblings to help
with expenses. Please note that banks need to see all the way to make money, from leaving a deposit
account until it is in yours. "The seller may be helpful to the buyer to be able to offer (depending on loan
program) to 6 percent of the total value of the loan closing costs. "Local governments, state and federal
can be very useful for first-time buyers because they offer grant programs to influence the purchase of
home. If you are unsure of where to find these services in your area, contact us to help you." Community
Organizations generally these non-profit organizations offer programs to assist with down payment or
mortgage that does not require it.
4. Do not go looking for a home without being pre-approved by a lender checks your credit lender
making sure it is in order. After calculating your income will tell you the total amount you can buy a
home, but more importantly, it will give you a card that supports its position of pre-approved for a loan
which vendors require before accepting an offer.
Keep your finances in order.
Ensure you can make your
mortgate payments ontime
Get familiarized with your
lending company. Find the
right lending house and
negotiate your loan to
ensure you obtain the best
intersest rate
If you are informed and know
what you are looking for, you
will have a better experience
as a firtst time buyer
Read about home loans and
familiarize yourself with the
banking institutions available
for your homeloan.
House for Sale | Listing
Request your monthly listing by calling us at the
number below
818.888.4682
Centro Profesional Hispano
We will find the perfect home that matches
your current financial situation
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