Ernest Villafranca, Realtor, Real Estate Agent
Oakland - Grand Lake
Berkeley, Oakland, San Leandro, East Bay
CA BRE Number: 01330018

Additional Languages:
Spanish

PhoneNumbers
Primary:510-418-9443
Mobile:510-418-9443
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Berkeley - Oakland - San Leandro Real Estate Sales

Better Homes and Gardens Real Estate | Mason McDuffie
3320 Grand Ave. Oakland CA 94610 (510) 834-2010, (510) 418-9443, Ernest@GoErnest.com.

Real estate service in regular sales (equity), foreclosure (REO, Real Estate Owned), short sales, probates, trusts, conservatorships, single family residences, luxury homes, condos, and multi-units. Also, skilled with 203K loans, divorces, flips, and BPOs (Broker Price Opinion). Service in small commercial real estate. 

Service in Spanish. (Hablo Español.)

>>Check out my Google + Local reviews.<< | >>Check out my Yelp reviews.<<

5/3/15

This Week's Real Estate Story 

"The Loan Pecking Order"

Mortgage Interest Deduction.jpg

Buyers usually ask what type of payment the seller is most likely to accept. You know, cash or financed. Another way to ask is, "how strong a buyer am I?"

Here is the run down:

  1. Cash. Cash is king. What is the shortest distance between two points? Cash.
  2. Hard Money Loan. Buyers think this is cash. But see the "loan" part? It's still a loan.
  3. 20% down, conventional. This one, #4 and #5, also come in FHA forms. Anything that is FHA knocks the loan down a notch or two. 
  4. 10% down, conventional
  5. 5% down, conventional
  6. 3.5% down FHA
  7. 0% down VA
  8. 0% down. Yes, there are some loans that come with nothing down. The buyer may have to pay for closing costs.
.
Like in flying, first class gets the royal treatment, business is great, and then economy gets peanuts.

Realtor Oakland CA -  Real Estate Agent Oakland CA - Realtor Oakland CA




(Problems with the map? Phone me at 510-418-9443.)

Office Location: 3320 Grand Ave. Oakland CA 94610

Call 510-418-9443


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Located by Lake Merritt, Grand Lake Theater, Walden Pond Books, The Nail Shop, and The Libertine.



  Areas of Service
Oakland, CA
94601, 94602, 94603, 94604, 94605, 94606, 94607, 94609, 94610, 94611, 94612, 94618, 94619, 94621

Berkeley, CA
94701, 94702, 94703, 94704, 94705, 94707, 94708, 94709, 94710, 94712, 94720

San Leandro, CA - 94577, 94578, 94579

Alameda, CA - 94501, 94502

Castro Valley, CA - 94546, 94552

Hayward, CA - 94540, 94541, 94542, 94543, 94544, 94545, 94557

El Cerrito, CA - 94530

El Sobrante, CA - 94803, 94820


 


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