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What Realtors Look for When Choosing a Home Lending Partner

  Qualities in Choosing a Home Lending partner. Hi there. Have you ever wondered how your Realtor chooses a Carmel Valley home lender that they work with? I’m here with Dena Leber today and I’m Julie Ozanich. Dena, tell us what are some top two qualities you look for when choosing a lending partner. Dena: […]

David interviews Julie during a Google Hangout: David: Today, I’m here with Julie Ozanich, who’s our local home lending expert on the CarmelValleyLife.com. I wanted her to talk a little about some of the cool things that she’s doing marketing-wise, as well as what she’s doing within the community that’s really highlighting the community in […]

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When you purchase or refinance a home, the average escrow period runs around 30 to 45 days.  During this period the lender is going through your loan application and verifying the information that was listed and provided to them.  There are a few things that you should be aware of during this process: Be sure […]

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Ever Wonder What Happens During a Home Loan Approval Process? There are many steps that go into the loan approval process when applying for a home loan.  Below I will list out just some of the many steps a loan goes through from start to finish: First you make your application by providing the lender […]

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Today’s underwriting rules can be fairly stringent on which income can be counted and how it is calculated.  For example, income such as overtime, commission and bonus income must have a 2 year history of receipt and your employer must state that it is likely to continue in order to be included in qualifying for […]

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As of this writing, there are various down payment assistance programs available. Various programs are funded by different sources and you do have to be careful as different programs can run out of funding (money) at different times.  Some of the primary sources are local cities and state backed assistance. Most down payment assistance programs […]

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The Patriot Act was passed in 2001.  The majority of Americans agreed it was a good idea.  After all, the purpose of the legislation was to identify both foreign and domestic terrorists by tracking the movement of their financials.  What many may not realize is how that has impacted the home loan process. Lenders will […]

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Bank of Manhattan is a community bank based out of Manhattan Beach.  We are the home lending office in Carmel Valley and carry forward the high customer service and local community feel that community banks offer. We have an amazing team that each individually offers over 12 years of experience.  I myself have over 22 […]

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The Importance of Getting Pre-Approved by an Experienced Loan Officer.  Have you heard a friend or co-worker’s story about trying to buy a home and then losing the home in the middle of escrow?  Do you wonder how that happens and how to protect yourself from having it happen to you?  There could be numerous […]

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During the purchase of a new home you will be asked during escrow how you would like to take title to your property. In California, title may be held in sole ownership, or co-ownership.  If it is the sole ownership of an individual, a common way to hold title may be as a “single man/woman”, […]

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Divorce and Property

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Considering a divorce brings up many questions, including questions about how to divide assets.  “Divorce is nearly always emotional and determining what to do with the marital home can be one of the most emotional issues in the divorce. The marital home is oftentimes the highest valued asset to deal with in a divorce.  To […]

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Transaction Timelines: Tips for hitting your Home Financing Deadlines Closing a mortgage loan is one of the last phases of the home buying process, but one of the most important, as you cannot purchase a home without the money to back it up.  Having a strong understanding of what makes up the home closing process […]

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