Downtown Los Angeles Loft Professionals: Cleaners, Home Improvement Contractors, Inspection, Lenders, Real Estate Agents

Downtown L.A. Directory:  Housekeepers, Home Inspection, Lenders, Agents and Attorneys  #dtla #loft #directory

Downtown L.A. lofts present special challenges and opportunities for owners, residents and home sellers due to their unique industrial, historic and commercial attributes. Large open spaces with high ceilings exposed plumbing are common. The physical and legal requirements can quite often differ from a suburban house. Below is a list of Downtown LA loft specialist janitors, home remodeling companies, home inspectors, mortgage loan and Realtors who can help loft home buyers, sellers, renters landlords.

Downtown Los Angeles Historic Lofts Professional Services
Downtown Los Angeles Historic Lofts Professional Services

Loft Cleaners:
Lety the Loft Cleaner 323-239-6147

Home Improvement Contractors:
DC Keeton 213-232-4783  dckeeton.com

Home Inspection Companies:
LaRocca Home Inspection 818-951-1795 www.laroccainspections.com
Prime Home Inspection 310-869-5781

Loft Lenders: 
Karen Chiu 626 437-4481 www.karenchiu.net

Real Estate Attorneys:
DWIGHT M. MONTGOMERY 700 East Redlands Boulevard Suite U/350, Redlands, California 92373  909-809-5859 dmmlaw.us

Richard “Tag” Hoefflin, Attorney at Law, HOEFFLIN BURROWS, A Law Corporation, 2659 Townsgate Rd # 232 805-497-8605

Realtors, Agents, Brokers:
Corey Chambers 213-880-9910

Get a free list of Mills Act historic lofts for sale with property tax benefits. Fill out the online form:

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Loft cleaners, janitorial, maids, housekeeper and other loft specialist pros
Loft cleaners, janitorial, maids, housekeeper and other loft specialist pros

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

LA Loft Lenders for Mortgage Home Loans – Chase Approved Downtown Condo Buildings

Loft Lending Problems: It is the #1 most common disaster with Downtown loft sales and purchases.  #loft #loans

Looking for the Right Loft Lender
Looking for the Right Loft Lender

Most buyers and sellers have no idea how extensive the problems is, the delays and failed home sales that it causes. Unfortunately, they don’t know how to solve the problem because they don’t know who the loft specialist lenders are.

Most lofts are industrial and historic building conversions under the Los Angeles Adaptive Re-use Ordinance. Lofts are rare and unique in California real estate. Because most mortgage lenders don’t really know what a loft is, they often incorrectly tell the buyer and seller up front that it will be no problem, then later, when the property is in escrow, the lender or underwriter finally reveals the truth. They finally discover that the loft has issues and therefore the lender cannot lend on it or there will be costly delays or additional loan fees. Fortunately, this problem can be prevented when buyers and sellers know ahead of time which is the best lender for each particular building. Just like all lenders vary, all buildings vary greatly on building type, zoning, ordinance, FHA/VA status, Mills Act status, lawsuits, litigation, commercial percentage, sold ratio, renter ratio, HOA reserves and maintenance status. In almost all cases, it pays to use a loft specialist lender for a Downtown loft transaction because the lender has already approved the building, preventing needless delays and unanticipated costs.

More than 20% of Downtown homes for sale listings involve a building that is currently or recently in a lawsuit or litigation. Sometimes a litigation lender must be used.

Chase Bank has just released the above list of Chase approved Downtown buildings. While it is Eckardt Loft with Private Balconyhelpful when a large bank like Chase is making an effort to help buyers and sellers in Downtown Los Angeles, there are other smaller lenders that have been more focused and more successful because they are already more established in Downtown lofts, have approved more buildings and have compete more loans recently in some of the most challenged Downtown loft buildings.

Get a free list of the top Downtown loft lenders that can lend on nearly every building in DTLA. Fill out the online form:

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Rest Assured that the Loft Loan Will Come In
Rest Assured that the Loft Loan Will Come In

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

What the Hell is Going on with FHA/VA Loans in Downtown Los Angeles Lofts and Condos?

Happy Veterans Day Downtown L.A.!  #financing #lofts

Veterans Day Downtown LA Military - FHA/VA Financing

As a veteran of the United States Air Force, it’s a special day for me and for our troops who corey-chambers-air-force-1988are fighting and guarding us day and night. They all very much deserve our thanks!  VA and FHA home loans are government sponsored financing to help veterans and also non-veteran first time homebuyers to afford the American Dream of home ownership. It turns out that helpful mortgage programs like these change sometimes, and, more often, become more or less effective based on changes in the housing market.  Today unfortunately, FHA and VA are nearly 100% INEFFECTIVE in the booming Los Angeles housing market, especially for condominiums, and they have lately been totally useless for Downtown Los Angeles lofts for sale. But, there are other low-down payment alternatives.

The good news is that our heroes, both military and civilian, who thought that that they needed FHA or VA financing can find out that FreddieMac and other mortgage lender programs have plenty of low-down financing with 5%, 3% or even no down payment. The LA Loft Blog has posts with more details about the problems, delays and other issues that make VA/FHA impractical for Downtown lofts.  >> MORE

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As a reader of the L.A. Loft blog, you have priority access to privileged information about the best deal on a Downtown Loft Loan. Fill out the online form:

Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Mortgage rates will tick higher but remain at historically low

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So The Fed Increased Rates

Many analysts weighed in regarding the “after-effects” of the first rate increase by the Federal Reserve in almost a decade. At least initially, these predictions seem to be bearing out. For example, according to Freddie Mac’s chief economist, Sean Becketti, interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves the Federal Reserve is expected to make. “We take the Fed at its word that monetary tightening in 2016 will be gradual, and we expect only a modest increase in longer-term rates,” Becketti said. “Mortgage rates will tick higher but remain at historically low levels in 2016.”

Yes, we experienced the first increase in the prime rate of banks in almost a decade. But with regard to long-term rates, these rates have barely moved in the weeks after the Fed’s action. The rate on the 10-year Treasury note averaged 2.26 in November. On January 5, the rate was 2.25. Of course, world events have intervened to help lower rates as well. Keep in mind that if the Fed continues to raise short-term rates in 2016, it is expected that long-term rates will eventually drift upwards. This would include an increase in rates on home loans. 

However, though many are expecting more increases, intervening events such as world conflicts may very well tie the hands of the Fed with regard to their ability to move as quickly as some are predicting. Domestically, the most recent employment report released Friday is a good indicator of future activity absent of such world influences. The increase of jobs of _____________ was __________________ and it will help _______________________. The message? Though rates are low right now, those who wait too long to purchase a home may be paying a higher price for that home and higher financing rates as well

Rates on home loans were mixed this past week, with 30 year fixed rates below 4.0% once again. Freddie Mac announced that, for the week ending January 7, 30-year fixed rates fell to 3.97% from 4.01% the week before. The average for 15-year loans increased slightly to 3.26%. The average for five-year adjustables rose one tick to 3.09%. A year ago, 30-year fixed rates were at 3.73%, lower than today’s levels. “Concerns about overseas economic developments have dominated financial markets to start the year. U.S. Treasury bond yields fell amidst a global equity selloff and flight to safety. In response, the 30-year mortgage rate dipped 4 basis points to 3.97 percent.” Note: As of January 1, Freddie Mac is no longer providing survey data for 1-year adjustables. Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices For Adjustable Rate Mortgages
Updated January 8, 2016

Index Jan 7 December
6-month Treasury Security 0.46% 0.50%
1-year Treasury Security 0.66% 0.65%
3-year Treasury Security 1.22% 1.28%
5-year Treasury Security 1.61% 1.70%
10-year Treasury Security 2.16% 2.24%
12-month LIBOR   0.981% (Dec)
12-month MTA   0.322% (Dec)
11th District Cost of Funds   0.644% (Nov)
Prime Rate   3.50% (Dec)

Provided by Katharine Dizon of The PNC Financial Services Group

BEST FINANCING RATES FOR DOWNTOWN LOFTS AND CONDOS

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Corey Chambers, Realty Source Inc BRE#01889449

Loft Loans – Financing Industrial and Commercial Live-Work Lofts and Condos

Secure the Best Financing Rates When Buying a Loft

Get FREE Instant Access

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A new report has just been released which identifies a foolproof 3-point plan which any homebuyer can use to secure the best financing rates when they buy an industrial or commercial loft or condo.

When you’re looking to buy a loft, the first thing most homebuyers do is start the process of homehunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.

ad-best-home-loans-financing-cp-rsiThe experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Point Plan”. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, what questions you should ask, and how to manage the process to your personal advantage.

Order this report NOW to learn how to obtain the best financing rates when you buy your next home.  You will also receive information on getting the right financing for lofts and condos in Downtown Los Angeles. Visit http://www.LowDownLA.com

Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact show contact info or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.