Vahe Hayrapetian: Politics and Interest Rates.

How Do Politics Effect Interest Rates?

In the perfect capitalistic world, interest rates would be set by objective, disinterested parties. Realistically, politicians can influence the interest rates for property loans in many ways.

Federal Reserve Monetary Policy

The United States Federal Reserve (Fed) is an organization of high-level bankers who effectively run American monetary policy. By determining the interest rates that banks can charge one another, the Fed can effectively control interest rates.

United States Congressional Policies

In the 1990s, the United States Federal Government established public policy to improve the home ownership rates in the nation. Freddie Mac and Fannie Mae, as pseudo-government organizations, have been effective in offering cheaper loans to attract buyers.

Changes in Leadership

New administrations will usually want to establish their own unique characteristics for the real estate market. After elections, interest rates may be adjusted in order to encourage or discourage more property buying activity.

Politicians might also try to hide their future policy decisions to prevent speculators from profiting. Politics can influence interest rates, but the market still drives property prices. Discover how experienced California Realtor Vahe Hayrapetian can help you anticipate and prepare for interest rate changes due to politics.

Vahe Hayrapetian: What is ZIRP?

What is ZIRP & Why Does it Matter?

The Zero Interest Rate Policy (ZIRP) has been established by the United States Federal Reserve (Fed) to provide cheap capital to increase productivity and economic activity. This has been the Fed's policy since 2008.

Capital is Primary Productivity Input

As a primary input for productivity, capital can determine how successful businesses and consumers can be. Cheap money allows people to take out more loans to purchase things that they want to enjoy today with promises of repaying the loans tomorrow.

UK Calls 2008 the "Credit Crunch"

In 2008, global financial markets saw a serious risk of shutting down due to the collapse of Bear Stearns and Lehman Brothers. These powerful financial firms had gone bankrupt and many banks were afraid of their exposure therefrom. The United Kingdom called 2008, the "Credit Crunch."

Ample Capital Increases Home Sales

One of the primary engines of US housing market appreciation has been cheap capital. Lower interest rates and increased loan options, such as the Adjustable Rate Mortgage (ARM), have enabled individuals to purchase and remodel their homes.

If you are interested in buying or selling a home, then contact the experienced California Realtor Vahe Hayrapetian.

Why Vahe Hayrapetian?

With over 18 years of experience, Vahe Hayrapetian, based in California has consistently delivered the best results when it comes to funding the purchase of a new home and giving advice to buyers how to get a mortgage. Loan originators like Vahe Hayrapetian remind people that while credit scores are important determinants for your financing options, there are loan options which can offer you a good loan amount despite less-than-stellar credit scores.

Financing expert Vahe Hayrapetian highlights several advantages of buying a condo instead of a house. The first advantage is the reduced maintenance. In a condo setup, the homeowner’s association (HOA) takes care of the maintenance of common areas. Next are the bundled benefits from the HOA. Commonly inclusions in these packages are security, trash removal, and water.

Another advantage is lower insurance costs. Basically, residents own less property with a condo. The HOA also has its own insurance policies. As a result, overall premiums are lower.

Most importantly, property taxes are lower. In general, a condo has a lower price compared to a single-family house. Since property taxes are directly proportional to the property’s value, taxes for a condo would also be lower. In the long run, this means significant savings for a condo owner.

For more information on home loans and mortgage, go to - http://vahehayrapetian.com/

Vahe Hayrapetian: Expert Tips to Get Your Mortgage Loan Approved

Vahe Hayrapetian is a loan originator in home financing with over 18 years of experience. He has worked in the home loans divisions of several leading institutions, including Bank of America, GMAC Mortgage, and more.

Mortgage lending specialists like Vahe Hayrapetian offer these expert tips on boosting your chances of landing the most favorable loan terms. He and his team are known in the community in helping potential homeowners getting the best rates.

Evaluate Your Financial Status
Buyers should first evaluate their financial status before even considering a loan. This will give you enough time to save money and get qualified for a loan and a down-payment. Another thing lenders look is your employment status when it comes to getting approved. Lenders look at a buyer’s income to be one indicator that the loan will be paid in full.

Loan Options
Loan originators like Vahe Hayrapetian remind people that while credit scores are important determinants for your financing options, there are loan options which can offer you a good loan amount despite less-than-stellar credit scores. Vahe being a home mortgage expert, shares how aspiring homeowners can use their credit cards to improve their ratings.

Call now to start your consultation on mortgage pre-approval. http://vahehayrapetian.com/

Vahe Hayrapetian Works With Home Loans And Realtor Services

Vahe Hayrapetian works in the Burbank California area as a real estate broker and lender. He can also be of help if you want to refinance your home or get a loan on equity left on your home. He is rated with five stars from his previous clients and is serious about his business and his clients. He is concerned about all parts of your business deal and is very quick to respond to all your emails, phone calls, and texts and is very knowledgeable in what he does. He can answer any questions you may have and explain any part of your dealings at any point and because of that, he is highly recommended by real estate agents that have used him for the past ten years. He stands by anything that he tells you honestly and can be depended on for top of the line service by him and his staff. He has previously worked as Sales Manager for Skyline Home Loans in Glendale, California and handles home loans, selling and buying of homes, and is a broker in the real estate market.

He has been encouraged by how much better the economy has gotten and how the home buying and selling market has increased, everyone involved in the real estate market is benefiting from our improving economy. He has eighteen years of experience in financial services, home loans, and refinancing of your home. He is also rated as one of the best home brokers in California.

Selecting the Right Loan Product

There are plenty of loan options available in the market today, and selecting the right home loan for you is quite critical. Amidst the vast selection home loan options, choosing the right loan product has an immense impact on your financial future. This can be perplexing for most consumers because real estate, no matter how we try to simplify the case, is a still a complicated matter. Talking to a mortgage expert like Vahe Hayrapetian can help the consumers decide on which property they should buy — considering a list factors that are essential in making the decision.

Here are some tips to guide you on your home loan probe.

• Talk to a reliable broker. Consulting a several brokers can lead you to your future home in no time. They can introduce you loan programs for different niches. These niches pertain to your financial situation. Find a broken that can offer the best loan programs suited to your unique financial condition. 

• Identify the terms before comparing the rates. This refers to the length of loans – 30 year, 40 year, 50 year and interest only loan. The interest only loan is the one which you never have to pay off, but you have to make the monthly interest payments. The second one is the length of rate. According to experts, the safest loan is the 30-year fixed rate mortgage. You should also study the pre-payment penalty which is considered important in the home loan process.

• Shop the rates and closing costs. After identifying the terms, the next step is to hire one mortgage broker that can pull a tri-merge credit report and ask for a copy of it. Have a copy of necessary files (credit report, bank statements, and tax returns) when you visit your mortgage broker and consult with them about the terms you exactly want for the loan. Your broker must provide a Good Faith Estimate (GFE) as well, so ask. 

• Compare apples to apples. Seek the assistance of your broker in distinguishing which loan you should opt for. Always remember that practicality should matter after all. Compare your GFE’s total monthly payment and choose the lowest. The same case goes with GFE’s closing costs. However, be advised that some mortgage brokers will underestimate these costs to make their GFE more attractive but will explain them away at closing. This gets complicated, which is why you need to hire a reliable broker that will clearly illustrate the home ownership process step-by-step. 

• Lock your rate. Rates do fluctuate from time to time, so locking your rate is necessary. If you fail to do so within 30-45 days before closing, your lender might penalize your rate. 

The decision to purchase a home can be kind of intimidating and is very complicated, but knowing the process and doing it in a systematic way can free you from hassle of unfavorable circumstances in having your dream property. http://vahehayrapetian.com/

Find the Dream Home You Can Afford

It is heartbreaking to learn that you can’t have the property you’ve been eyeing for so long just because of financial restraints. As much as we want to settle in a place we can call home, we have to accept that maybe some things we want in life are not meant for us—or do we? There are many options you can consider in purchasing a new home for you and your family.

The Home Loan Originator’s Role

Vahe Hayrapetian, an experienced professional home loan originator, can help first-time home buyers distinguish the essential factors to consider before in their search for prospects. There are surely many available properties that suit your lifestyle and your ideal residence. The tough question is, are they pocket-friendly? It is more practical to know your financial capacity first before roaming around to look for the perfect haven.

Why Pre-approval is Recommended

Securing a home loan is harder than you might think. That’s why most loan advisers recommend loan pre-approval to ensure smooth financial management during property purchase. Aside from that, there are other benefits we can obtain from opting for pre-approval loans.

First is limited search, which narrows your home search based on your financial situation. It saves you and your real estate agent the time and effort for visiting properties you cannot buy anyway. 

Second, it can lead to a faster transaction. As soon as you have figured out your allotted budget for buying a home, you can now establish an offer for the house that you like. This can shorten the entire process and you can immediately move to your new home.

However, before you can enjoy these benefits, you have to find an expert like Vahe Hayrapetian who can assist you in every phase of the home buying process. Vahe and his team will help you find the perfect lender who has a wide variety of loan options well-fitted to your financial stability. Call now to start your consultation on mortgage pre-approval. http://vahehayrapetian.com/

Vahe Gives Back

With all the successes he has achieved in his professional life, Vahe Hayrapetian decided to put his good fortune to good use by giving back to others. By being fully involved in the Armenian community and the “Focus on Children Now” organization, Vahe and his team aspire to live by their group motto, “Breaking the poverty cycle, one child at a time.”

Focus on Children Now’s Educational Program

The program aims to focus on the educational needs of children. The group’s target is to bring technology-based programs to disadvantaged students to improve the quality of their learning experience. Vahe Hayrapetian is so proud to support this movement and hopes to move forward in improving the program.

Focus on Children Now’s Nutrition Program

In this project, the organization provides complete meals for students in the program. So far, the program has already provided meals to over 750 kids enrolled in Kindergarten through 12th grade, as well as those involved in after school activities. Thankfully, the program has had a positive impact on children in need. After several months of execution, school officials are very happy to report that students’ attendance rates are escalating, their grades are getting better and the kids are happy and contributing more to the school community.

Vahe Hayrapetian is an active philanthropist and has deep compassion for helping those in need through the Focus on Children Now organization. He encourages everyone to take the time and effort to help the needy. Trust us, they’re worth it.

Purchasing Your First Home? Learn the Best Tips from Vahe Hayrapetian

Buying property for the first time can be quite overwhelming. Unfortunately, buying a property does not just mean browsing pretty houses on the internet and paying for it. There are a lot of factors to consider in purchasing a home for the first time, and your trusted home financing agent Vahe Hayrapetian is more than willing to help by giving you these valuable pieces of advice.

Stick to a Budget

Sticking to a certain budget might seem discouraging, but it makes the process easier for you as the budget limits your options. The budget would also make you think about what kind of home you really need. If you’re a newly married couple, you probably don’t need a seven-bedroom home right away. If you’re unsure of how to go about the home-buying process, consult with a financial service professional to help you take an analytical look at your finances.

Attend a Seminar

Many real estate and mortgage experts provide free seminars for first-time home buyers. Take advantage of these lectures, take notes carefully and use these free resources to build your knowledge base. Every development in the real estate market can impact your purchase, so it’s best to be informed.

Understand Mortgage Options

Most of us are not blessed with a big enough budget to be able to purchase a home with cash, and as a solution, a mortgage needs to be obtained. A mortgage is a type of loan that uses the property as collateral to the bank lending the financial assistance. It’s advisable to sit down and figure out your goals as a homeowner. Weigh your options carefully, and most importantly, speak with several lenders before making a final decision about your mortgage.

 We wish you all the best! Hope we helped! For more information, visit http://vahehayrapetian.com.

Getting Your Dream Home: Common Home Loans

Taking that decisive step towards owning a home for yourself and your family is a big deal, and Vahe Hayrapetian understands that it can be discouraging to face the sheer number of options available to a first-time home buyer. How can you be sure if you’re getting the most for your budget? Choosing the right loan type can mean the difference between enjoying your home to the fullest and constantly struggling with payments. Let’s start with the most common home loans you can benefit from:

Fixed Rate Mortgage

When you avail of a fixed rate mortgage, you will be given a consistent interest rate for the duration of the loan. Fixed rate mortgages present the advantage of knowing exactly how much each payment will be, regardless of market shifts. Because of the consistency, this mortgage option tends to have more expensive rates compared to the others.

Adjustable Rate Mortgage

On the other hand, adjustable rate mortgages are usually less expensive in the outset. However, there is a fair amount of risk involved. Adjustable rate mortgages have interest rates based on existing market conditions. This means that shifts in the economy can cause the payments to grow.

Hybrid Home Loans

The hybrid home loan is a compromise between the other two types. The interest will be fixed for a pre-determined time period, usually up to seven years. After which, the lender can make adjustments to the rate depending on existing market conditions. This loan type allows the homeowner to establish themselves financially before taking on the added expense.

Obtaining a loan for your new home is a big decision, and you should take all the time you need to choose the right one that will fit your lifestyle and capabilities. Vahe Hayrapetian is always ready to lend a hand.

Vahe Hayrapetian on Weighing Home Financing Options

When looking to buy something, most people look at the price first and then try to haggle down. The idea is simple: get the most bang for your buck by minimizing the bucks you have to shell out. However, what they usually don’t consider is the other side of the equation. How much bang does each choice produce? In other words, what’s the value?

Housing Options are Easier to Grasp than Loan Options

In the case of home buying, people can easily see the value in the houses they choose from (in terms of amenities, proximity to urban centers, accessibility, and so on), but seeing the value in different financing options can be harder. Inexperienced and financially challenged home seekers may tend to go for the cheapest home financing option right off the bat, without regard for the actual terms of the loan. The only question is “can I afford it”? Fortunately, experts like Vahe Hayrapetian are available to guide them.

A Classic Tradeoff: Adjustable vs. Fixed-Rate Mortgages

One example of a choice that people may struggle with is picking between an adjustable and a fixed-rate mortgage. An adjustable-rate mortgage generally starts out with a low interest rate; the interest rate may then increase or decrease, depending on conditions in the housing market. On the other hand, fixed-rate mortgages have a higher interest rate than adjustable-rate mortgages usually, but since the rate is fixed, the payor is insulated from any market effects.

Adjustable versus fixed-rate is just one decision that homebuyers have to contend with when considering financing options. With the number of competing financial institutions out there, along with their attempts to differentiate themselves from the competition and the complex terms and jargon they tend to use, it’s hardly surprising that people get confused and go back to the most basic criterion they can understand, which is “which has the lowest interest rate?” That is why experienced loan consultants like Vahe Hayrapetian are invaluable when making a decision on which loan option to choose.

Real Estate Agent Perks

Finally making that leap to get your new home? One of the most common pieces of advice you’ll be offered is to consult a real estate agent—and you’ll do really well to take it! A good real estate agent such as Vahe Hayrapetian can reduce the hassle of house-hunting greatly for first-time home buyers.

Save time

Depend on your real estate agent to cull the wheat from the chaff. You won’t need to go through listings that are questionable or too expensive. Most of the time, so much of a home buyer's time is wasted going from site to site only to end up disappointed. Sometimes a property is simply beyond your budget or the area doesn’t suit your lifestyle. Of course, it’s also necessary for you to be as detailed as possible when discussing your needs. The clearer the picture you give to your agent, the more effective they will be in securing the right home for you.

Make projections

A good real estate agent will also advise you on how a particular property will fare in the market. As much as we all dream of a home that will stay in the family for generations, the reality of the property market is that concerns like the sustainability of your house’s value is a major consideration.

Maximize value

Lastly, your real estate agent is expected to get you the best deal possible. With a combination of connections and knowledge of the trade’s finer details, your agent can potentially chop off thousands of dollars from the asking price. Take the time and seriously consider getting a capable real estate agent like Vahe Hayrapetian as the first step towards owning a home you’ll treasure.

Playing the Long Game

Most people who consider buying a home are in their twenties or thirties. Maybe they’re still relatively young adults, just starting a marriage and putting down their roots. Or maybe they’re not so young, but just initiating the fission reaction that would start their own nuclear family. Whatever the case, financial experts like Vahe Hayrapetian say that not enough people consider the long term in choosing a home. Here are some long-term considerations that must be made when buying a home.

Will You Need Extra Space?

A house is a place to stay in for years at a time. If you’re planning to start a family, consider how many people your family will have over the time you’ll stay there. How many children do you have? Do you plan to have any more? What if you’re blessed with twins? With your lifestyle, do you imagine inviting other people over for dinner, for a few days, a week, or more? Think about these things when you are choosing a home.

Do You Consider Aging in Place?

Another consideration is whether you’ll grow old in your home. If you have no desire to leave your domicile in your senior years, you’ll want to think about having a home that’s built for your future. You’ll probably want wide spaces and hallways, stairs with sturdy railings, and other facilities that will be helpful to those who are past their prime. If you can’t find such a home but aging in place is a priority for you, then consider a home that can be renovated accordingly with minimal effort.

How about Your Long-term Wealth and Income? 

Home buyers should also consider their income and wealth over time. Do they project their careers to take them on a trajectory with steadily increasing income and wealth? Or is there some risk of hiccups, emergencies, or interruptions in their money inflows or possibility of erosion of their wealth? If there is any risk, consider estimating how great that risk is and how that will impact your ability to afford mortgage payments, renovations, maintenance expenses, and so on.

Even with the aforementioned factors identified, the road of life is littered with many uncertainties, and trying to make a proper decision may be overwhelming for the average home seeker. Given that, it’s a good idea to contract the services of an expert. For the financial side of things, a reliable loan consultant like Vahe Hayrapetian can assist you in making a sound financial decision, finding the best mortgage option based on your financial capability and your risk appetite.

Vahe Hayrapetian Advises on Things to Do when Applying for Mortgage

It’s easy to be overwhelmed about the information made available about buying a house, most especially on applying for a mortgage. In fact, over 76 percent of first-time homebuyers feel overwhelmed by the enormous amount of information that they comes across when applying for a mortgage and buying a home.

As helpful as all that information will be, nothing beats talking to mortgage brokers like Vahe Hayrapetian. With his years of experience, he can help you understand everything you need to know about getting your mortgage application approved through these simple steps:

Have a Consistent Income

You’ll need to show proof that you’re receiving consistent income for at least the past 12 months, and even 24 months, if you can. Aim for a total debt-to-income ratio of less than 35 percent and avoid frequently switching jobs within one year when applying for a mortgage.

Take Care of your Credit

To achieve a debt-to-income ratio of less than 35 percent, start relying less on your credit card and don't apply for a new credit during the time you’re applying for a mortgage. Lenders will usually pull a credit update within ten days of closing the loan to confirm that you are indeed spending your money as you say you are.

While your application is underway, avoid making large purchases on your credit card or any other abnormal financial activity that lenders can use to relinquish your approval. This is among the most common mistakes among first-time homebuyers, for their eagerness to get their own living space makes them spend tons on household amenities like furniture and kitchenware, which consequently spikes their debt-to-income ratio.

Be Aware of your Credit Score

Most of the time, a buyer’s credit score can either make or break their chances of getting approved for a mortgage. If possible, be updated with your credit score months, or even a year, before applying for a home loan to spare yourself from any unpleasant surprises.

It also helps to talk to mortgage brokers like Vahe Hayrapetian, who can tell you everything you’ll need to know and do if you want to get a better chance at getting your mortgage application approved and bring you a step closer to your dream home.

Making the Decision

Deciding to buy a home can be exciting and daunting at the same time. It requires plenty of thought before making the final decision and the capability to take on significant financial responsibility. For most people, purchasing a home is one of the most important purchases they will make in their life. Thus, it is important to stay focused and organized during the whole purchasing process. There are a number of different elements to keep track of, and the process can become overwhelming without proper planning and organization. But with an assistance of a professional broker and real estate agent, obtaining your dream home can be rewarding and a pleasant experience.

What You Should Do

• Present your estate agent with any questions.
• Make sure to offer decisions and paperwork as early as possible. Doing this can make the process less stressful and allow you to focus on last-minute details that need your attention.
• Remain objective as you visit different properties to avoid unwise decisions.
• Do plenty of research about mortgages.
• Get pre-approved as early as you can.

What a Real Estate Agent Should Do for You

• Sorting through available homes to eliminate options that don’t meet your needs and requirements.
• Show you properties that have the potential to suit you and your needs.
• Guiding you to make a wise purchase.
• Works hard to get you the best deal for your ideal home.

What a Mortgage Broker Should Do for You

• Help you find a loan that will work best for you, based on your financial situation and long term goals.
• Get the loan at the best rate and with the best fees.
• Informing you all the important details throughout the process.
• Keeping your estate agent aware of loan-related progress while keeping your personal information confidential. Deal points and progress are only to be shared with your agent.

Trust Vahe Hayrapetian and his team to give you the best mortgage at the lowest interest rate. Contact Vahe Hayrapetian today at 818-964-1788.

The Man You Should Trust

Working with the right mortgage broker can make the process of funding for your new home fast and smooth. Vahe Hayrapetian knows what it takes to acquire the dream home you’ve been wanting for so long. He works with individuals to make the dreams of each family become real every day. He has also worked for a large number of different mortgage companies in the past years. Currently, Vahe is a part of Skyline Financial Corporation where he works as a sales manager.

Vahe at Skyline Financial Corporation

Vahe Hayrapetian is proud to work with a company like Skyline Financial Corporation that is often recognized as one of the top full-service mortgage banking and brokerage firms in the Southern California region. Skyline values recruiting top real estate industry talents. That’s why Vahe Hayrapetian appreciates to work with like-minded professionals.

Skyline Financial Corporation aims to process loans with a more streamlined process to make it easier for both potential homeowners and the professionals navigating the lending process. The company does the work with dedication to meet and exceed the client’s expectations. They do this with respectful treatment to their clients, top-of-the-line service, and valuable information.

If you have already found the house of your dreams, you can count on Vahe Hayrapetian to help you find the mortgage you are qualified for and purchase the property in no time. Vahe Hayrapetian is also an active philanthropist who cares deeply for the Children Now organization.

Home Loan Types

Buying or loaning your dream house is the biggest decision the majority of us will ever make, and we all know that obtaining a mortgage to purchase a new home could be a difficult process. But don’t worry, Vahe Hayrapetian is here to help as he outlines some of the most common home loan options and how they can serve individual applicants:

Fixed-Rate Mortgage

If you’re looking for a financing with consistent interest rate that will stay the same throughout the life of the loan, then the fixed-rate mortgage is the one for you. Fixed-rate mortgages are most appropriate for those seeking for a long-term financing approach. However, you must know that fixed-rate plans often are considerably higher mortgages than what an adjustable rate would offer.

Adjustable Rate Mortgage

Adjustable rate mortgages (ARMs) refer to home loans that offer interest rates that are dependent on the existing market conditions. Taking the ARMs road could be a little risky, especially for those looking forward to residing in their home for a long period of time, as no consumer can predict the market conditions that will develop throughout the life of the loan. However, ARMs provide a decent option for those looking to purchase a starter home that they may not live in for the entire duration of the mortgage. ARMs also provide an initial interest rate that is lower than what one would experience with a fixed-rate mortgage.

Hybrid Home Loans

Hybrid financing is becoming a very popular option in today’s recovering housing market. The good thing about hybrid financing is that it allows the homeowner to become financially established first by starting off with a fixed-rate that will remain for a pre-determined period. These initial periods can typically last for one, three, five or seven years, depending on the lender. After this period has expired, the loan will transition to an adjustable rate, in which current market conditions will impact the required monthly payment.

These are only the most common approaches to obtaining a mortgage. Vahe Hayrapetian is urging eligible applicants to consider other type of government-backed home loans, like the ones backed by the Federal Housing Administration. For this reason, Vahe Hayrapetian encourages borrowers who face severe credit problems to first determine if they are eligible for an FHA home loan.

Pocket Listings Benefits

Mortgage professional Vahe Hayrapetian says finding a home itself is the toughest part of buying a house. Now, the real estate market is booming again as many realtors are seeking the help of an old strategy: pocket listings. Usually, real estate agents want the homes they are selling to be seen by as many people as possible, so they will be listed on databases and hold open houses for people to come see the home. But pocket listings, on the other hand, are all about holding listings back for the right buyers. Listings will not be posted everywhere, instead will only be shown to the people who are very serious about buying and will be quick to put money down on the house if the price is right. Let this article help you discuss other benefits of pocket listings.

They are growing in popularity

Today’s real estate market is becoming tougher than ever, but fortunately, pocket listings have found their way to become more mainstream. There are sellers who are more comfortable in quietly marketing their property. Through pocket listings, they can just sit on the sidelines and only sell if they get the offer that they want.

They provide a “free trial”

A seller and their agent can quietly test the market without adding it to the multiple listing service (MLS). They can assess people’s reaction about the price they’re asking and see what kind of traffic they get without the MLS clock ticking, which is a huge advantage.

Pocket listings are also known as a “silent” of “off-market” listing. They started years ago to be able for high-profile people and expensive homes to be quietly marketed. Consider dipping your toes into pocket listings. Trust us, you’ve got nothing to lose.

The Right Mortgage Option for You

When planning on investing for a house, we tend to turn to mortgage lenders to cover the cost. There are many banks who will offer you different kinds of mortgage but the real challenge here is to choose the right mortgage option for you.

Let’s look at the seven mortgage options you can choose from:

• Fixed Rate Mortgage – as the name says, it is a mortgage with a rate that stays the same over the course of time. The downside is when the interest rates go at an all-time low, people who have locked into a higher interest rates years ago might find themselves paying more than they could with an adjustable-rate mortgage.
• Adjustable Rate Mortgage – this type of mortgage has the upside of adjusting as the market moves. Of course those who are on strict budget may not keep up with this type of mortgage as the market sometimes fluctuates from time to time.
• Federal Housing Administration Loan – suggested for first-time buyers but have limited amount on how much they can loan.
• V.A. loan – or Veterans Affairs loan, is a guaranteed loan for veterans or the surviving family of veterans. This type of loan is guaranteed by the U.S. Department of Veterans affairs or may be issued by qualified mortgage lenders.
• Balloon mortgage – ideal for people who are not staying at a certain place long term. They have fixed rates and low payments for a few years but have a certain point where you have to pay the amount in full.
• Interest only – those who take this loan will only pay the interest for period of months but the balance will be due immediately after that period.
• Reverse Mortgage – these allows seniors to turn their home equity into cash.

To help you, consult mortgage professionals like Vahe Hayrapetian. He and his team have years of experience and would gladly study what mortgage option is best for you.

Preparing for a Home Loan

Buying a home is an important investment for most people. Obtaining a mortgage is as important as selecting a property that will fit your needs. Now, getting a home loan might look like a hard task to do, but with right information and a help from a knowledgeable mortgage broker, you can complete the process without any problems.

Vahe Hayrapetian, a reliable mortgage broker, believes that it is never too early to start planning for your home loan application process. Here is some advice to help you obtain the best home loan option in the future:

Clean up Your Credit Report

One of the most important things that all mortgage lenders refer to before granting your loan is your credit report. Lenders require a clean credit history with a good credit score. If you have problems in your credit report, make sure to take proper steps to fix the errors and have them removed from your credit history. The process may need a lot of work but it will be worth it.

Study Your Home Loan Options

Surely, there are many mortgage options available you can choose from. Many people may qualify for USDA or VA home loans but most of them opt for a privately financed mortgages that comes in the form of adjustable rate loans or the ARMs. Today, the government-backed FHA loans have become more popular because those require fewer strict credit requirements.

Learning about what type of home loan will suit your needs ahead of time can help to save you from any hassles and help you to be able to track their viability in certain market circumstances. By following these easy tips and becoming more financially aware, Vahe Hayrapetian believes that you can have a smoother process when it’s time for you to obtain a mortgage for your property.

Vahe Hayrapetian on Mistakes to Avoid in Applying for Mortgage Loans

For most homebuyers, mortgage loans is one of the best ways to afford a new house. Many homebuyers just like you are practically lining up so they could hand in their mortgage application in the hopes of finally owning their dream home. However, because the business of finance deals in exact numbers, your chances of getting approved would be better if you do the same thing. Many homebuyers make glaring mistakes in the initial stage of financing for their home. Mortgage financing specialists like Vahe Hayrapetian say that knowing these mistakes can help you avoid them and possibly speed up the process.

Lying About Income and Debts

The first thing lenders look for when you’re applying for a mortgage loan is your financial details, your debts and income. It’s not really a good strategy to lie about your debts and income just to save a few bucks on taxes and insurance because, sooner or later, the truth will come out. When the lender finds out, it usually doesn’t end well for the borrower, often leading to getting denied. The best thing you can do is to just be honest about your finances.

Forgetting About Your Credit Score

Your credit score will also determine whether you’ll be getting good rates or not. Lenders use your credit score to know your capacity to actually pay your bills on time. A low score means that you’ll pay a higher interest rate and would likely find it more difficult to find a lender to give you mortgage money. Before you even start looking for properties, you need to get a credit report and work at increasing it if need be.

Not Saving Enough Money

Mortgage loans don’t make your money problems go away. They’re designed to make it easier for you to handle your finances. That being said, homebuyers need to make sure that they have enough money to cover both the down payment and prepaid items like homeowners insurance and tax escrows. This way, lenders will be more willing approve your mortgage loan.

Mortgage financing experts like Vahe Hayrapetian recommend that homebuyers of today be cautious about dealing with real estate and finances. Consumers who prepare for the worst often and provide all the necessary information early on increase their chances of having a stress-free transaction.

Mortgage Tips

Buying your first home is indeed exciting but the process of getting the right mortgage and actually hunting for a good deal are hard tasks to deal with, especially if you are a first-time buyer. Doing a little financial homework can help simplify the whole process. Here are some tips to consider in your home-buying decision.

Check Your Credit

Having good credit is crucial when it comes to getting a mortgage in a strict lending situation. The homebuyer’s credit score is one of the most important factors to qualify for a loan, so it’s important to keep copies of your credit history and credit scores from each of the three credit bureaus. Go through the reports for problems, such as unpaid accounts or collection accounts. Fix them before you apply for a mortgage. It is common for lenders to ask for a minimum score of 680, but a score lower than 620 is not ideal.

How Much Can You Afford?

As a first-time buyer, you have to know your limits. Plan your budget and make sure you have enough left for additional costs.

Shop Around and Compare

As you search for various mortgage options, don’t forget to do more than just compare interest rates. Include closing costs and different types of loans. Choose the combination that will work best for you. To make the process easier, knowledgeable mortgage consultant like Vahe Hayrapetian can help you to explore your options and buy your first home with confidence.

Real Estate Agents: Your Partners in Home Loans

After years of hard work and saving, you’re finally ready to purchase your own home. With everything you can ever want on the internet, it’s easy just to search for a house to buy. Most will direct you to a real estate agent, whose role is to find the house of your dreams.

A good real estate agent must be able to play different roles to cater to the buyers every need. These are:

• Researcher –he or she must be able to do extensive research to find homes that suit both what the client wants and the clients’ financial boundaries.
• Adviser – can clearly explain the terms and conditions that are required in purchasing property is a talent every good agent has.
• Negotiator –an agent must be able to satisfy both the buyer and the seller.

In addition, an agent must be able to give the client a wide range of choices and is always in communication with the buyer about every detail of every process.

Vahe Hayrapetian and his team have long been practicing these qualities to provide their customers with a sense of security during the transaction processes. Vahe Hayrapetian is sure to give his clients a house they can call home.

Find the Right Instrument for Your Needs

Craftsmen often talk about the importance of using the right tool for the job. When tightening a screw, they know that using the wrong size screwdriver can strip the head of the screw, potentially making it impossible to tighten fully or loosen later on. In a similar way, families or couples that employ the wrong home financing option could find themselves in a financial situation that they are neither comfortable with nor able to get out of. Thus, it is important to know some basic facts about the different types of home loan options.

Fixed-Rate Mortgages

Generally, the purchasing power of money goes down over time due to market forces; this is also true for the housing market, where the prices of homes usually go up over time. If the mortgage a home buyer applied for is affected by the market, the tendency is for their mortgage costs to go up long-term. Therefore, if a home buyer intends to own or stay within a certain property for decades, he or she will usually want to be insulated from such price volatility. In this case, applying for a fixed-rate mortgage will be ideal.

Adjustable-Rate Mortgages

While the fixed-rate mortgage is fit for long-term needs, adjustable-rate mortgages are designed for those who have a shorter time horizon in mind. People who do not intend to stay long in the home they own (whether to move to a better one or for some other reason) can avail of adjustable rate mortgages. What’s the benefit? Adjustable-rate mortgages generally have lower initial interest rates than fixed-rate mortgages. Therefore, the home buyer may imagine that he or she will be able to move out and get out of the commitment before their mortgage payments have a chance to go up. There are other home financing options, such as hybrid home loans, available for people with different risk appetites. If you are planning to buy a home and are not aware of the instruments that may be within your reach, a home financing expert such as Vahe Hayrapetian should be able to help inform you.

Advice for First-Time Home Buyers

For many people, buying their first home feels like a leap of faith. It’s a huge commitment, and they often make the decision only after mustering up a tremendous amount of courage. While it is true that buying a home usually takes a mindset of bravery, one must remember that discretion is the better part of valor. So for those who are ready to step into the competition to win their first home, Vahe Hayrapetian has provided some tips.

Determine and Stay within Your Financial Limits

It’s a basic financial principle, but many young couples or families conflate their wants and their needs. They may think that in buying a four-bedroom house when they need only two, they are setting the foundation for the future growth of their family. While there is nothing wrong with investing for future plans, they should also consider the financial strain they could experience. As much as possible, think objectively; determine how much income you make, how much expense you can afford, and, if possible, for how long you want to pay your home loan. A financial expert can help with this aspect.

Learn about Different Mortgage Possibilities

Once you determine your budget, you will want to learn how to work with it. When you have a specific idea of your financial limits (with current and possible future income accounted for), you’ll want to know what home loan options are open to you given those limits. You will also want to consider your long-term plans: if you intend to stay in your home for 3 decades or so, you may want a fixed mortgage. On the other hand, if you plan to move to a new home within a few years, an adjustable rate mortgage might be better. Again, it’s best to consult an expert about this. There are many other considerations to make. You may want to factor in proximity to relatives or life-stage critical facilities such as elementary schools. However, Vahe Hayrapetian advises first-time home buyers to take the two above seriously.

A Mission and A Passion, Vahe Hayrapetian and Focus on Children Now

Hard work and dedication has brought Vahe Hayrapetian to where he is today. Being an established member of society, he has made it both his mission and passion to share his fortune with those who are in need. Aside from dedicating his time to his clients in the home loans and mortgage industry, he also takes the time to give back to his community though a nonprofit organization that is near to his heart: Focus on Children Now.

Focus on Children Now

The main mission of Focus on Children Now is to provide children in need with for surviving everyday life like food, clothing, and education. By providing these basic necessities children are able to feel better about their financial situation and they become more confident in life. Focus on Children Now is also tied with the Humanitarian Aid Program which supplies children free meals while they are at school. Due to their combined efforts and avid supporters like Vahe Hayrapertian, together they are changing lives and giving kids a chance at a better future.

Feeding the Future

Patrons of nonprofit organizations like Vahe Hayrapertian understand how valuable it is to give back to their community. Children are a big part of that future and giving them the chance at a better tomorrow is a reward in itself. It is in the core belief of these organizations and everyone involved that by providing something as simple as a free meal at school will change lives as it will motivate kids to come back and learn. The work that they do isn’t just giving back to the community, it is love for the community and hope for the future generation.

Vahe Hayrapetian: Your Source for Home Loans

To have a home to call your own is one of the biggest American dreams. Scouting around the perfect area, going to several open house, and even finding the ideal realtor is all part of the process. After accomplishing all of these steps, the next and probably hardest phase is securing the proper finances. Now it’s time to ask yourself, who is the right person to handle the finances for your home?

Home Loans Made Easier

As a professional in the field of mortgage and home loans, Vahe Hayrapetian is the man to go to. Due to his years of experience in the industry, he is the sales manager that clients can count on for expert advice about taking a loan. With his dedication to provide the best customer service during the entire process and his passion to help clients, Vahe Hayrapetian does all he can to make the home loan application process as simple and as easy as possible. Anyone who is looking to living the American dream of owning a house, Vahe Hayrapetian and his professional sales team will help you as best as they can; that’s a guarantee.

What Set’s Team Hayrapetian Apart

Aside from the excellent customer service and expert advice, the company uses state-of-the art technology and the latest software applicable in the real estate market. This is to ensure that Vahe, his team, and you stay on top of any changes and important trends in real estate. With this approach, the Vahe team is able to go directly from the top realtors to home buyers for an accurate financial figure. By skipping on the middle men and the harsh process of running from banks to mortgage brokers, they come up with the best possible rates and make the home buying process a breeze. If you’re ready to own a home, Vahe Hayrapetian and his team are here to help!