Kathy Ladd
October 2019
"Your Realtor for Life"

Daily News And Advice
Today's Feature Stories

How Lenders View Retirement Income

If you or someone you know is retired or retiring soon and planning on buying a “forever” home, there are some things to know as it relates to qualifying income. For most, retiring means living on less and essentially downsizing financially. The regular 1st and 15th paycheck is in the rear view mirror and now it’s time for other income to come into play. For most, monthly income comes from social security, interest and dividends and retirement accounts.


First Time Home Buyers: Your Six Month Plan

First time home buyers who dip their newbie toes in the mortgage waters might soon find out there’s a lot more to know than originally thought. It is a brand new world with lots of new terms, people and businesses and it can be a bit overwhelming at first. Heck, even seasoned buyers can find the mortgage process quite a bit to handle sometimes. But for first timers, knowing ahead of time what to expect and when to expect it will make the process a smooth one.


You Might Still Qualify as a First Time Buyer–Even If You’ve Owned a Home Before

First time home buyers are sometimes considered a “pump primer” in real estate. Buying an initial home typically means buying from someone else who then buys another home. And on it goes. But it’s often that first time buyer that starts the ball rolling and why they’re encouraged to stop renting and start owning. This group is so important that many state agencies and mortgage companies offer loan programs that cater to first time buyers with special incentives. The incentives could be a lower rate or a contribution toward closing costs and even assistance with a down payment.


Want to Feel Safer at Home? Follow These Tips

We all love that taste of independence when we have the keys to our apartment. Having no one bossing you around or dealing with an annoying roommate can be quite exhilarating for many people. However, living alone isn’t always that grand- especially when it comes to your safety. 


Three Ways to Successfully Negotiate Realtor Commission

Selling a home is an exciting venture. You’re finally ready to see some cash on the investment you’ve been building for years. 

But then you realize that 5%-6% of the sale price is going to go away before your money ever gets to you. 

Real estate agents are vital to the sale process. Depending on the circumstances, they can get an average 30% higher sale price than trying to sell your home yourself. Obviously, this makes FULL STORY->

If You Have the Option of Putting More Money Down, Should You?

With the exception of the VA and USDA programs, along with certain down payment assistance programs, most every residential loan program does indeed require some sort of a down payment. Many borrowers want to come to the closing table with as little cash as possible and as the down payment amount is the largest chunk of change needed, the lowest down payment is often the request. A conventional loan can ask for a down payment of just 5.0 percent with certain first time buyers loans FULL STORY->

5 Bathroom Ideas for Your New Home

Since bathrooms are spaces that we use every day, their importance is far greater than we give it credit for. This where we start and end our day.  Thus, organizing to make sure that everything is in place in your bathroom is a task we should not take for granted. Here are five ideas that might help you achieve an effortlessly sophisticated, imposing and modern bathroom your new home deserves.

Naught the Pedestal Sink

You should replace the normal and boring sink with a FULL STORY->

Fall Renovations to Try (and Why)

Autumn is a great time to do home renovations. Summer’s over. There aren’t as many celebratory events to fill up weekends. The cool air invigorates you out of slumbrous summer laziness and makes you want to accomplish something before winter hits. New renovations will make your place feel fresh and exciting all through the winter, helping to boost your spirits until spring returns.

Here are a few good renovations to make this fall. Come spring, you’ll be FULL STORY->

Can Someone Achieve a Perfect Credit Score?

It’s possible but in all my years in the industry I’ve never seen a perfect score. Credit scores, commonly referred to as FICO scores, the acronym for the Fair Isaac Corporation which developed the algorithm, are three digit numbers ranging from 300 to 850. Most conventional loan programs today will approve an application with a credit score around 680 but some programs go as low as 620. Government-backed loans accept lower scores such as FHA loans. FHA programs ask for a minimum FULL STORY->

Mortgage Rates
Averages as of October 2019:

30 yr. fixed: 3.64%
15 yr. fixed: 3.16%
5/1 yr. adj: 3.38%

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Kathy Ladd,REALTOR
(714) 379-8144
(714) 328-6342

11887 Valley View Street
Garden Grove CA 92845

Equal Housing Opportunity