Derek Vail

Our favorite day of the week!

Beautful work my friend

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What type of mortgage is right for you based on your income type?
Let me break it down here as simply as possible!

Didn’t have the race I wanted to with my crank falling off 40 miles in to this grueling 120 miles race, but always look forward to the with my riding buddies. If anything, it gives me a reason to get out and train harder on those days I’m tempted to be lazy!

Be back next year!

Here’s a quick snapshot of all the different mortgage options available to you!

Reach out to go over your situation and see what the best route is for you.

Curious about mortgage? Here’s a quick look at everything you really need to know.

Call me!

Let’s go over your situation and find the best solution for you.

Friends since the 5th grade…

2024 here we come!
lending

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Mortgage Rates have come down significantly over the last couple of months, which will have a positive impact on your buying power!
If you want to get pre-approved to see what you could qualify for, or if you already have but it has been a couple of months, feel free to reach out so we can review your situation and see where you stand now.
Keep in mind that we can do all this with a soft credit pull, which will have no impact on your credit score.

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More holiday festivities…

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Friendsgiving with the team… had a great time !

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#2020

Asset depletion is calculated by dividing your total assets by a determined period of months, to calculate the monthly “income” used to qualify for your home loan.

You can use up to 100% of liquid accounts (checking, savings, and money market), 80% of the remaining value of stocks and bonds, and 70% of retirement assets to qualify for an asset-based loan.

This can be used on its own or in combination with actual income if additional income is needed to qualify for a loan.

How much do I need to make to qualify for an FHA loan? Here’s a quick cheat sheet.
Keep in mind this is not accounted for individual liabilities.

Why use an FHA loan:

1. Lower down payment: FHA loans typically require a lower down payment compared to conventional loans, making homeownership more accessible for those with limited funds.

2. Flexible credit requirements: FHA loans are known for their more lenient credit requirements, making it easier for individuals with less-than-perfect credit scores to qualify for a loan.

3. Competitive interest rates: FHA loans often offer competitive interest rates.

Please note that loan terms and requirements can vary, so it's important to speak with a lender or mortgage professional to get personalized information for your specific situation… so call me 🤙

Derek Vail | Senior Loan Advisor
323.823.7913
Nmls #1233953

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Just a quick little guide to give you a general idea what you my qualify for based on your income.
Keep in mind this is at 20% down.
I’ll go ahead and post a version of this for FHA low down payment scenarios as well. Coming next!

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•Significant increases in homeowners insurance cost will affect your loan and monthly payment.
• With these costs rising, make sure you’re taking this into account when determining what you can afford and qualify for.
• With major delays in homeowners insurance underwriting, be sure to seek out quotes as soon as you get into escrow, if not before hand.
•If you missed my last video on this, please go back and take a look at why!

Sunday at the beach with some friends from out of state…Think we take for granted that we live so close to it, should take advantage of it more often. ❤️ LA.

Don’t let the American Dream feel like the American Nightmare.
Keep the following things in mind to put yourself in the best position for a smooth home buying process!

Celebrating two great events… birthday and the grand opening of her new brokerage

Thanks Brother for having me on the podcast it was fun! Talking real estate, mortgage, market conditions… ect.

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There’s a lot of different and unique individual situations out there, which is why it’s critical to have many lending options when it comes to matching you with your mortgage needs.

if you’re looking to get qualified, let me count the ways…

Derek Vail | Sales Team Manager
Call/text: 323.823.7913
Mnls # 1233953
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Fun spot .losangeles

That concludes a great little trip to in the .
Good restaurants and nightlife in town. Some amazing history to explore on a day trip to and a 30 min drive to a beautiful coast line in !

You see a lot of Americans buying second and vacation homes in town. It’s pretty interesting from the exterior. It’s very unassuming, but many of these places have been very beautifully remodeled so you open the door to this lovely home behind these very old and original exteriors, which is charming.

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*tpost *tposting

Came to for a wedding. Had never really heard of this place before but, great little beach town!
Lost our luggage on the connection flight down, but wouldn’t be a destination wedding with out a little chaos ;) All worked out in the end.
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*tpost *tposting

When you show up to our team event and your girlfriend calls because she just realized our flight to Mexico is tonight at midnight, rather than tomorrow… there’s always time for one drink. !

Beautiful day out there today, love all the green that comes w the rain… even if I bit off a little more than I could chew. First long ride back after several weeks off. 80 miles might have been a little aggressive.

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Almost forgot that Christmas post🎄… oops, time flies!

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#2023 *t