MAKE YOUR DREAMS A REALITY (661) 670-1400
Action A1 Home Loans
Our agents are trained to:
Learn About Buying A Home
Certain terms you may hear during the process include:
First time home buyers – Are those that had never own a home before, or had owned a home, and sold it, or for any reason does not have it anymore, and for the last three years did not own a home of their own.
FICO score --- This is a method of grading your trust worthiness in expenses, using your promises to pay in the past.
Loan-to-Value ratio: This is a method of evaluating the property’s worth compared to the amount the lender will be loaning to you. It is a Lender’s risk evaluation. That can contribute to the interest rate determination that you will pay.
FHA ---- This is one of the agencies that provide assistance to the first time home buyers, making it easier to buy a home, by requiring low down payment, low interest loan, and by insuring the loan to protect the lenders.
CONVENTIONAL – This is a purchase financing method that is not with government guaranteed or government insured loan.
PLEASE CONTACT ACTION A1 REAL ESTATE FOR AN INITIAL CONSULTATION