text: How To Oust Collections From Your Credit Report You simply checked your credit report, and your score has fallen like a stone! Genuine, you hit a tough situation and missed several payments a couple of months prior. Be that as it may, you nearly had the money to pay them off — and the creditors […]
  Pasadena’s one-two punch of sustainability combined with historic preservation makes it the kind of place residents benefit from and a Top 100 Place to live in the nation.
  Admit it. You're curious. So was I. See what the Top 10 Most Expensive Homes in Pasadena, CA look like and what their asking prices are!
  See EVERY detached single family home (no condos) for sale in Pasadena, CA. Schedule a tour of any of these homes with me, and I will get us inside as soon as possible.
  The demand for condos has risen, and as a result, new condo developments are abundant. Browse every Pasadena Condo and Townhouse available for you to own today!
  Chances are you react strongly either for a pool or against one. A swimming pool can be a fantastic asset for your home. See all homes for sale in Pasadena that have swimming pools.
  By investing in small multifamily properties you are able to gain first-hand knowledge of how the rental world operates. See all Pasadena Multi-Family Properties available for sale.
  Complete the courses to get your Real Estate or Mortgage Broker License. Coaching and training on Luxury Real Estate, Probate, & SEO. Call (888) 512-2673 today!
  Low mortgage down payments are a mixed blessing for borrowers. The smaller the down payment, the greater the monthly payment, interest expense, and private mortgage insurance (PMI).
  In many cases, the lender will require a minimum down payment - say 5 or 10 percent. Perhaps, you can afford to make a larger down payment. Should you? This case study will show you how to weigh the pros and cons of increasing the down payment on your mortgage.
  When a borrower decides whether to make a big or a small down payment on a mortgage, he/she should consider three key questions:
  What is the minimum down payment required by my lender? The lender may require zero down payment, 5 percent, 10 percent, or more.
  What is the maximum down payment that I can afford? This depends on your personal finances. Keep some funds for daily expenses, other investments, emergencies, etc.
  How much will I save? Compare the financial impacts of making a minimum down payment with making a maximum down payment.
  Use this site's mortgage calculator to assess the financial impacts of making a minimum or a maximum down payment. The following case study illustrates the process.
  Judy is buying a new home for $400,000. The lender requires a minimum down payment of 10 percent (i.e., $40,000). Based on her personal finances, Judy can afford a maximum down payment of $80,000. She decides to test both options. The details of each mortgage appear below.
  Additionally, the lender requires private mortgage insurance (PMI) payments of $2400 per year, until the principal owed is less than 80% of the fair market value of the home. Here, the fair market value is equal to the sale price - $400,000.
  After Judy clicks the Calculate button, the calculator produces a summary report that includes the following results.
  The summary report shows that a down payment of $80,000 will reduce the total mortgage cost by $76,004.53, compared to a down payment of $40,000.
  It is important to note that the above savings occur over the full term of the mortgage - 30 years. To determine the savings over a shorter time period, Judy can refer to the amortization schedule, which is also produced as an output of the calculator. The amortization schedule shows month-by-month mortgage costs for the minimum and maximum down payment. For example, at the end of 10 years, the maximum down payment would save $46,259; and at the end of 20 years, it would save $66,787.
  This kind of analysis allows a borrower to assess the financial impacts of different down payments. In this case, for example, Judy might conclude that the savings ($76,004.53 over the life of the mortgage) are big enough to justify making a maximum down payment. Or she might conclude that she would do better to invest that money in the stock market. In either case, she would be making an informed choice, based on a clear understanding of the financial pros and cons.