Melissa Lefton's Blog

Melissa Lefton | Keller Williams Realty | 805-551-9489 2191 Crosscreek Ave., Simi Valley, CA Upgraded Home with Possible RV Access!! 2BR/1.5BA Single Family House offered at $344,900   Year Built 1987 Sq Footage 1,106   Bedrooms 2 Bathrooms 1 full, 1 partial   Floors 1 Parking 2 Car garage   Lot...

Melissa Lefton | Keller Williams Realty | melissalefton@sbcglobal.net | 805-551-9489 1079 Walnut Canyon Rd., Moorpark, CA Pivate Location, Custom Home, Mountain Views! 4 Bdrm Manufactured offered at $365,000 Year Built 2001 Sq Footage 1,512 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 1 Parking...

Loan Origination FeeThis covers the administrative expenses in setting-up and processing the loan. The loan origination fee may be a percentage of the mortgage amount.Points (optional)An option for the home buyer is to pay points to lower the interest rate at which the loan will be repaid. Each p...

Why you should get an InspectionWhether you are buying or selling a home, you should have a professional home inspection performed.A home inspection will look at the systems that make up the building such as:Structural elements, foundation, framing etc Plumbing systems Roofing Electrical systems ...

How do you "buy" a better rate?Do you plan on keeping your loan for a while? Then it may make sense to "buy" a lower interest rate by paying one or more "points." Even if you're unsure of how long you plan to keep your mortgage before you move or refinance, paying points now for a lower rate may ...

Living TrustsCreated while you are alive, a revocable living trust lets you control the distribution of your estate. Ownership of your property and assets is transferred into the trust. You can serve as trustee or you can appoint another to serve as trustee. If you serve as trustee, you must appo...

Five ways to make the loan process go fasterWe should say that "working with us" is the first way! When you let us help you find the loan that's right for you, you truly are taking advantage of some of the area's best technology and expertise to get you a loan decision and funding on your loan qu...

Debt to Income Ratio Your debt to income ratio is simply a way of determining how much money is available for your monthly mortgage payment after all your other recurring debt obligations are met.  Debt limit There is generally a debt limit associated with each type of loan, such as a 28/36 quali...

What are the advantages of fixed rate versus adjustable rate loans?With a fixed-rate loan, your monthly payment of principal and interest never change for the life of your loan. Your property taxes may go up (we almost said down, too!), and so might your homeowner's insurance premium part of your...

Private Mortgage Insurance helps you get the loanPrivate Mortgage Insurance, also known as PMI, is a supplemental insurance policy you may be required to obtain in order to get a mortgage loan. PMI is provided by private (non-government) companies and is usually required when your loan-to-value r...