Frequently Asked Question
- Home
- FAQ
Home Buying
1. What’s the first step to buying a home?
Getting pre-approved for a mortgage is the best first step. It helps you understand your budget, shows sellers you’re serious, and streamlines the buying process.
2. Do I need a 20% down payment to buy a house?
Not at all. Many programs offer as little as 3% down, and some even have down payment assistance. We’ll help you explore all your options.
3. Can I buy a home with bad credit?
Yes, it’s possible. There are loan programs for buyers with low to moderate credit scores, and we can guide you toward the best-fit lender.
Home Selling
4. How much is my home worth?
We offer a free home valuation based on market trends, recent sales, and your home’s features. This is the first step in pricing your home right.
5. How long will it take to sell my home?
It depends on the market, but most homes sell within 30–60 days when priced and marketed correctly. Our proven strategies help shorten the timeline.
6. Do I need to make repairs before selling?
Not always. Some buyers prefer “as-is” sales, while others may expect small repairs. We’ll advise you on what makes sense for your property and market.
Refinancing
7. When should I consider refinancing my mortgage?
You should consider refinancing when interest rates drop, your credit improves, or you want to lower your monthly payment, shorten your loan term, or tap into your home’s equity.
8. How long does it take to refinance?
Most refinances close within 30–45 days, but it can be faster depending on your documentation and lender.
9. Will refinancing hurt my credit score?
Your credit may drop slightly due to a credit inquiry, but it’s usually temporary. In the long run, refinancing can help improve your credit by reducing debt and lowering payments.
Reverse Mortgages
10. What is a reverse mortgage?
A reverse mortgage allows homeowners age 62 and older to convert part of their home equity into cash, without having to sell or make monthly mortgage payments.
11. Do I still own my home with a reverse mortgage?
Yes, you retain full ownership of your home. The loan is repaid when you move out, sell the home, or pass away.
12. What can I use the money for?
You can use funds for any purpose—daily living expenses, home repairs, medical bills, travel, or to supplement retirement income.
13. What happens to the house when I pass away?
Your heirs can choose to repay the loan and keep the home or sell it to repay the balance. Any remaining equity goes to your estate.
General Questions
14. Do you work with first-time buyers and seniors?
Absolutely! We specialize in helping first-time buyers navigate the process and guiding seniors through options like reverse mortgages.
15. What areas do you serve?
We work with clients throughout Southern California.
16. How do I get started?
Just click [Contact Us] or [Schedule a Free Consultation] and we’ll walk you through your options.