Friday, April 14, 2017

Living Life After Bankruptcy | We Buy Houses LA

We Buy Houses LA

Living Life After Bankruptcy | We Buy Houses LA

Going through a bankruptcy case is probably the most challenging financial situation one could be facing at a time where money could mean everything and anything. The credit score will plummet down, with nothing to stop it or slow it down. And the bankruptcy case will stay on your credit report for 10 long years.

For a period of time, it may be difficult to get a loan or apply for a new credit card. Lenders may see this as a threat since one has managed to legally write off some of the past debts. It is a dark time but it doesn’t mean no light of hope will come shimmering in the hopelessness of the situation.

“Bankruptcy filings are continuing to decline, with fewer than 800,000 people filing in federal courts last year. Although 800,000 seems like a lot, it pales in comparison to the height of the economic collapse in September 2010, which saw nearly double the number of filings, according to statistics released by the Administrative Office of the U.S. Courts,” – an excerpt from the article posted on the National Bankruptcy Forum site.

Life Doesn’t End After Owing So Much Debt

We Buy Houses LARebuilding your credit score is a priority after the bankruptcy case is discharged. We buy houses LA from households still dealing with bankruptcy, bad credit score, lien, or bad mortgage. Recover from the situation by taking slow but consistent steps that could help your smooth out your credit score.

Reflect On The Situation

First action step is not to stay in one place, which also means not to get stuck on the problem. You’re bankrupt now with an ugly credit score, that’s a fact. But it doesn’t mean it will be the same for the rest of your life. Start asking yourself important questions.

How did you get into the situation? What financial management system did you use that put you through so much debt? With the experience, what have you learned? By finding answers to these questions you’ll be able to reorganize your lifestyle and adjust your spending habits.

Create Realistic Budget Plan

Be extra vigilant about your spending from now on. You will be living with a smaller budget with little financial options at the start of your recovery. With utmost control over the money you have, managing your cash flow will help prevent more debt from piling up.

By knowing how much you have up to the last cent, you’ll try to live below your means and avoid spending excessively and impractically. Including a small amount of savings is another step to recovery. Experts also recommend having an emergency fund for future emergencies or unexpected events.

New Credit

Well, applying for a new credit card won’t be easy, but still, not impossible. There may be banks that would refuse to lend you money right after finding out about the bankruptcy case, though not all lenders follow the same policy. There are credit lenders who are willing to help financially challenged individuals gain back their score.

“A secured card is different from a prepaid debit card. With a secured card, your deposit serves as a backup in case you don’t pay your bill. With prepaid debit, the money you “load” onto the card is used to pay for your purchases. Prepaid debit cards do not help you build credit,” – a valuable Nerd Tip by Kevin Cash.

Recovering from bankruptcy is a tedious process, however, once you fully recover from it, you will be good as new. You wouldn’t have to resort to sell my house fast Los Angeles or hide away because of shame anymore. Anyone can rise up from a downfall with the right means and proper guidance.

SellAnyHouse LA is a home buying company serving Los Angeles residents by providing alternative solutions to their most difficult housing and financial issues. We buy houses LA regardless of the reason for selling or in whatever condition the property is in. If you wish to break away and have a change of scenery, sell your house to us. It will be simple, painless, and fast!

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Wednesday, April 12, 2017

Avoid Bad Mortgages | Which Lender Has The Lowest Rates?

sell my house fast Los Angeles

Avoid Bad Mortgages | Which Lender Has The Lowest Rates?

Many American homeowners have moved from one place to another in the span of five to ten years, often due to reasons that are either financially-driven or a career advancement decision (which are also usually financially-driven). In California, families who move often have chosen to sell my house fast Los Angeles and found it less of a hassle.

sell my house fast Los AngelesAnd some had hoped that finding a new house, making the offer, communicating, and negotiating with a realtor or home seller would only take about a week to complete. But this is the just one phase of the process. Another phase, one which determines if the house being purchased is worth the time and money, is finding a lender with the best mortgage for you.

As for mortgage rates, who knows? They were low throughout 2016, spiked higher after the election, but are still low by historical standards. They could remain low in 2017, or rise. There’s still not a lot of room for them to fall.” – Holden Lewis said in his 2017 house buying tips.

We won’t be dwelling on more predictions today, instead, we will be talking about the incredibly simple tips to finding the best lender with the lowest mortgage rates, to protect yourself from ending up with a bad mortgage loan.

How To Find The Best Lender With The Best Rates

Rate Comparison

When you are looking for the best rate, take into consideration the list of lenders your realtor, friends, and family recommend.  Finding the best mortgage plan can be a complicated process especially if you’re a first time buyer. Your realtor can be a great help in this area, since they work with many mortgage companies on a daily basis.

Invest In Down Payment

Saving up for the down payment is the first step to avoiding a bad mortgage. If you can save enough, then you have a greater selection of reputable lenders to choose from. And generally with a bigger deposi, these companies would offer lower interest rates on your monthly mortgage… which in turn leads to a lower monthly payment.

A higher deposit could also mean saving on the mortgage insurance, which is common when the down payment is lower the usual percentage. Here’s a helpful rate tool you can use to aid your search.

Credit Score Improvement

This one is easy to figure out. With a better looking credit score, more lenders will willingly offer you their better interest rates. These financial companies are more than happy to help those with higher credit scores. The higher the score, the better options available to you.

Occupancy Period

Your length of stay in the property must be taken into consideration as well. If you are looking at staying for more than ten years, then a long-term repayment plans will work best for you. However, if you plan to stay for just a couple of years, consider looking into adjustable rate mortgages (ARM).

With ARM, the interest rates are considerably lower but the repayment terms can become quite catchy and complicated. SellAnyHouse LA has seen households deal with ARMs that caused agitation when the repayment terms changed to offset the initial lowered rate. When we buy houses in Los Angeles CA, we don’t turn our backs from properties with complicated mortgage terms or extensive repairs.

When You’re Ready To Sell Your LA House

Once you find the right mortgage company to finance your loan, contact SellAnyHouse LA for additional assistance. With our speedy process, we can complete the sale of your current property in as little as 5 days. In turn you’ll get a fair all cash offer, which will be deposited right straight to your bank.

Proceed with sell my house fast Los Angeles with the assistance from one of our real estate consultants. We’re happy to help you move on!

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Saturday, March 18, 2017

Even With Extensive Repairs, We Buy Houses Los Angeles CA

We Buy Houses Cash Los Angeles

Even With Extensive Repairs, We Buy Houses Los Angeles CA

Have you heard some financial expert advice that goes along the line: ‘Save a little portion of your earnings for home repairs’? Or at least a percentage of your earnings should be saved for unexpected housing repairs or other expenditures?

Financial experts often call this the “1 Percent Rule,” saving an amount that is equal to 1% of how much the house was bought for. For instance, if the property is worth $400,000, that’s $4,000 worth of maintenance and housing repair. But it isn’t necessary to save that much amount each year, or spend more than $4,000 on home improvements.

We Buy Houses Cash Los AngelesAs a we buy houses company in Los Angeles, we are no stranger to real estate advice.

This rule is basically a rough estimate, the cost actually varies depending on the property involved. And it does not apply to all situations. There are variables that can affect the amount of maintenance and repair costs of a house, especially in the years to come. The most obvious factors that will determine the amount are the cost of labor and materials in your area.

Several Important Factors Never To Overlook

So aside from the cost of labor and materials, there are other factors that will contribute to how largely the maintenance and repair could cost you. In some cases, homeowners get overwhelmed with the extensive repairs the house needs right away, and this could make them run down the sell my house fast LA route when the problem is just too much and too expensive.

It’s critical to know what these other factors are so you can prepare ahead of time and don’t get overwhelmed by unexpected repairs.

1. Age

Newly built homes that are around 5-10 years rarely show signs of immediate repairs needed, unless the contractor did a shoddy job with the construction. Those aging from 10-20 years old may show signs, thus small repairs are inevitable. By the time the property reaches 20-30 years, more obvious and expensive renovations will probably be required such as roof replacement, leaking water pipes, or maybe even foundation issues.

2. Condition

The amount of proper care and improvement done to a home will affect the lifelong condition of the property. In some cases a 40-year old house is in a much better condition compared to a 20-year old house that didn’t receive proper care. The older the home, the more it needs proper upkeep from its owners.

3. Weather

In colder places where houses are exposed to freezing temperatures, ice, snow or water; there will be more structural and foundation strain compared to homes in warmer areas. Climate changes like high heat, winds, heavy rains, and other extreme weather conditions contribute to the wear and tear of the property.

4. Location

Flood-prone areas and other environmental elements that could strain the building proposes extreme maintenance and extensive repairs.

5. House Type

Living in a single-detached house means you will have to replace your own roof and gutter, maintain the front and back yard. Whereas, in apartment buildings and condos much lesser maintenance is required since most of the structural concerns will be taken cared of by the home owners association. More about this topic here.

When It Becomes Too Much

There will be a lot of housing maintenance and repair all throughout your years living in your house. And just when you think you’ve done enough renovation and improvement, something else breaks. What do you do then?

Learn about SellAnyHouse LA to get answers. We buy houses in Los Angeles CA as a response to homeowners struggling financially and has seen a potential solution when they want to sell house fast in Los Angeles. With us, the transaction can be completed in as little as 5 days, which means any homeowner wanting to sell can have access to fast money.

We buy houses across Los Angeles regardless of its condition, location, or the amount of extensive repair needed. Trust that we only offer effective solutions to your housing and monetary needs.

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Thursday, March 16, 2017

Prepare For Retirement | Sell My House Fast LA

Prepare For Retirement | Sell My House Fast LA

Maybe it’s too early to start planning and saving for a retirement plan, and maybe it’s not. There isn’t really a set time and date or age for one to start planning ahead, especially when it concerns one’s future after retiring from a successful career.
Retirement is a slow approaching time, there should be no need to sell my house fast to subsidize your retirement. Rather, consider it well ahead of time.

We can no longer rely on employee pension and Social Security to support our finances in our retirement years. It’s no longer enough to sustain our wants and needs, and our basic necessities. More and more people are retiring but the number of working individuals who are paying the taxes are lesser in number.

Most retirees choose to settle down in a smaller property since it is cheaper to maintain and so much extra space may not be necessary. With most people preferring to settle down in a smaller hut, sell my house fast in LA often is the wisest course of action. Once one decides to sell a house fast in Los Angeles, there’s a slim chance this decision would change and the money gained from selling the property will greatly help.

The question now is do you really need to prepare for your retirement and how do you go about planning and saving for it?

The Best Types Of Retirement Plan

We Buy Houses Los Angeles CAThere are several kinds of long-term savings for you to choose from if you are considering the idea of saving up or saving as much as you can for the old age ahead. Being financially prepared to face this later phase in our lives would help us fully relax and appreciate the fruits of decades of hard work.

Now, which plan should you invest your money into and which one would satisfy your lifestyle?

Individual Retirement Account (IRA)

An IRA is a personal account set up at a financial institution which allows a person to save for his retirement that could be tax-free or on a tax-deferred basis. It is available in three main types: traditional IRA, Roth IRA, and Rollover IRA. The advantages of IRA had been laid out by Dayana Yochim in nerdwallet.com. She says:

– You choose the bank or brokerage and make all the investment decisions, or hire someone to make them for you.

– Depending on the type of IRA you choose — Roth or traditional — and based on your eligibility, you decide how and when you get a tax break.

– IRAs provide a much wider range of investment choices than workplace retirement plans do.

The 401k Plan

A 401k plan is a savings plan sponsored by the employer. A worker can save and invest a portion of his paycheck to retirement before taxes are taken out. And tax isn’t deducted until this portion is taken from the account. This plan was named after a section in the tax code that governs it, this is in lieu of employers offering pension funds.

From the same article from Yochim it is stated that:

– Most employers offer an automatic payroll deduction option for deposits into the plan, and the retirement plan administrator (a separate financial institution) handles statements, disclosures and updates.

– 401(k) contribution limits are higher than those for IRAs.

– The Roth 401(k) has no income restrictions, unlike the Roth IRA.

– Participant-directed plans give employees control of investments. You decide how much of your contribution to direct into each investment among the options within the plan.

Validate Your Preference

It is indeed a satisfying move to plan and save for the golden age. What you do now, will impact what you become later on. Planning, saving, and investing ahead will do you no harm. There’s more to learn about old age investment from the Department of Labor.

When the time is right to retire, choose SellAnyHouse LA to take over the process to sell your house fast in Los Angeles. We buy houses in Los Angeles even if it isn’t retirement-related. If your reason is the extensive repairs badly needed but you could not afford or owe taxes that’s sitting on a pile of several unpaid bills, we buy houses for cash, Los Angeles.

It’s your time to relax and enjoy life, there’s really no need to waste time on waiting for a suitable buyer. Let SellAnyHouse LA address your sell my house fast LA need in exchange for a fast cash. The best part is you spend zero on the closing sale! Eager to learn more about this fast and simple process? Contact us today!

 

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