Berto Armando Perez - Real Estate Loans

Real Estate, Home Loans, and Loan Consultation throughout the entire state of California.

A full service real estate and mortgage company, servicing the entire state of California

In December 2012, I started my career in the mortgage industry working as a processor for home loan modifications. We helped many people save their homes from foreclosure, and getting them stable and beneficial loan modifications on their home loans. In April 2013, I obtained my real estate license, but continued to remain focused in loan modifications. In Nov 2015, I obtained my mortgage license, and now am actively working in the loan industry as a mortgage officer for a mortgage brokerage. I now work on both real estate loans and mortgage modifications throughout the entire state of California. Bring me your scenario, and let's see what we can do for you.

Real estate and mortgages throughout the entire state of California

journal.firsttuesday.us

The votes are in: California home prices head down | first tuesday Journal

Some markets are starting to show a cooldown on prices and values.

As buyers start to pull out of the market due to high prices, even recent drops in interest rates (read my most recent posts), aren't enough to maintain values and asking prices for homes on the market. What goes up, must come down.

Regardless of when prices do come down noticeably so most, if not all, agents acknowledge the change in trend, the right time to buy is always NOW. The right time is when it's right FOR YOU.

With prices starting to go down, you will still need a loan pre-approval when you buy a house.

Call me to get started: (323) 481-6304.

journal.firsttuesday.us Readers weigh in on the movement of California home prices.

forbes.com

Real Estate Wire Fraud Is Real -- And It Almost Happened To Me

Even with tools to help secure the transaction, the best way to fight against scammers in real estate transactions is to be ever vigilant.

If you're buying or selling, you're going to meet with your real estate agent directly. Save their number in your phone. If you get an email that seems odd, immediately call or text your real estate agent and ask them if it's genuine. Real estate agents in a transaction will be in constant contact with title and escrow agents.

In every single purchase transaction, the loan officer is coordinating with the buyer's real estate agent, to keep them updated should anything happen. Have the number of your loan officer saved too. If you have their cell phone, you'll be able to call and text them directly.

Sometimes, extra effort on everyone's part can save a lot of time and pain in a transaction.

forbes.com Real estate wire fraud is real. Americans lost nearly $150 million to real estate scams just last year and more than 11,000 buyer sand sellers fell victim. I was almost one of them.

washingtonpost.com

Mortgage rates head down for the third week in a row

Happy Thursday, everyone!

In general, rates have been going down for some time, but it has been a slow decline.

A few months ago, I shared another article similar to this one, but it stated the average for a 30- year fixed rate for a Fannie/Freddie loan was 4.35%. Now, it's lower.

Call today to buy or refinance your loan! 323-481-6304

washingtonpost.com The 30-year fixed-rate average falls for the third week in a row to 4.07 percent.

Happy Thursday, everyone!

Here's a new loan program for self-employed borrowers!

To get started, call 323-481-6304

Happy Tuesday, everyone!

Today your favorite loan officer is working as an Election Day Pollworker here in Los Angeles.

Today is the runoff election for LAUSD School Board.

Next month, on June 4th, is the special election in Los Angeles for Measure EE.

Will you vote?

#Vote #GetOutAndVote #LoansByArmando

youtube.com

Famous Mansions No One Wants To Buy For Any Price

It takes a special kind of agent to have the courage to list a haunted property.

FYI, I am willing to take on the challenge of haunted houses here in California. If you or anyone you know is looking to sell a haunted house in California, give me a call.

(323) 481-6304

Who doesn’t want to live in a mansion? The glamor, the privilege, the amenities, and all that space. Here are ten picks for mansions no one wants to buy at a...

March 22, 2019 - What to do to protect yourself if you rent.

March 22, 2019 - What to do to protect yourself if you rent.

Please share your questions and comments with me.

To get started on your home loan, call (323) 481-6304

#LoansByArmando #RealEstate #CaliforniaRealEstate #Mortgages #HomeLoans #Refinance #RealEstateAgent

[03/22/19]   Happy Friday everyone!

Later today I will try and upload a new video, inspired by something that happened to a couple friends just recently.

In the meantime, give me a call if you file a 1099 come tax time, and want to get a 30-year fixed rate loan WITHOUT submitting your tax returns.

323-481-6304

#RealEstate #CaliforniaRealEstate #HomeLoans #SelfEmployed #Mortgage #LoansByArmando

fidelityagent.com

You may be able to afford more than you think.

fidelityagent.com Use my new website to find out how much your dream home could cost each month It is a quick and easy step towards your first home.

Buying, selling, or refinancing, give me a call to go over all of your options.

(323) 481-6304

Unless you're paying all cash, you'll need a good loan!!

(323) 481-6304 to get your next home loan!!

(323) 481-6304 to get started.

[02/05/19]   Happy Tuesday, everyone!

I wanted to know, for those of you that have sold a house in the past using a Realtor or Real Estate agent, how much was the commission you paid? I don't mean in dollars, I mean in commission rate. Was it 6%?

I'd like to hear your thoughts

fidelityagent.com

Rent vs Buy Calculator

fidelityagent.com See how long it will take for the buying costs to equal the cost of renting!

Happy MLK day!!

[01/20/19]   First Time Buyers, Reverse Mortgage, Refinancing, Self Employed Borrowers, Home Improvement, Hard Money, Commercial loans.

(323) 481-6304 For a loan consultation, and to start the loan process.

ATTENTION REALTORS/REAL ESTATE AGENTS! Make sure your buyer is pre-approved for the right loan before you submit ANY purchase offers!

Berto Armando Perez - Real Estate Loans

An app can't advise you what loan program is best for you when buying or refinancing a home, but I can. With loan programs that big banks don't have, I'm able to help a large variety of people in California.

www.facebook.com/LoansByArmando

Invite your friend to Like and Share my business page.

Real Estate, Home Loans, and Loan Consultation throughout the entire state of California.

[01/15/19]   Happy Tuesday, everyone!

Spoke to an old friend earlier this morning, and he's agreed to help provide lending outlets for any loan I can't do directly.

The best part about this arrangement, I know his work ethic, and I know he can get files done.

(323) 664-9470 to get started on your home loan.

urban.org

The mortgage market is not meeting the needs of self-employed workers

If you're self-employed, there are loan programs that require NO tax returns.

(323) 481-6304 to get started on the loan process.

https://urbn.is/2RsSvFz

urban.org Self-employed households still earn more than salaried households, but they've been slower to recover from the 2008 crisis.

urban.org

Buy young, earn more: Buying a house before age 35 gives homeowners more bang for their buck

With the various loan programs that are available, home ownership is easier than you think.

(323) 481-6304. Give me a call, and I'll go over all your options with you, advise you on what documentation you'll need, and go with you through each step of the loan process.

https://urbn.is/2yXssLg

urban.org Today’s young adults are less likely to own a home compared with baby boomers and Gen Xers at the same age.

[01/11/19]   A favorite lender of mine just released a new change to their bank statement program, allowing service industry employees to use 100% of their tips (so long as they're deposited in the bank) as income towards a home loan.

This is huge!!

I'm always on the lookout for loan programs that can help a wider variety of people. Invite your friends to Like and Share my page.

If you or anyone you know in California is ready to buy, give me a call so we can see what loan is right for you, and find your perfect home.

Realtors and real estate agents, send me your buyers to get approved.

(323) 481-6304

[01/09/19]   Attention Realtors and Real Estate agents.

What do you look for in a loan officer?

[01/09/19]   Happy Tuesday, everyone!

For a while now, I've been saying that this year, 2019, might be the start of a decline in the real estate market.

More and more economists and real estate professionals are starting to agree that we're probably headed in that direction.

Attached are links to 2 recent articles that I just read. Take a look and let me know what you think.

I'd have made a video post about this, but my allergies are killing me right now.

Looking to buy, sell, or refinance in California, give me a call, and let's get started.

If you have any questions, contact me and I'll answer them straight forward, no sales pitches, no BS.

(323) 481-6304

https://www.cnbc.com/2019/01/02/home-sellers-lower-prices-further-signaling-buyers-market.html?fbclid=IwAR08hQLVqEM5QR_I9lo86kp2n5rXHWeTSQWiO5f3uCUZt244auoSeuurTpU

https://www.marketwatch.com/story/first-time-homebuyers-will-continue-to-struggle-in-2019-redfin-ceo-predicts-2018-12-30?fbclid=IwAR1HDh_yDN_yf0Erm_VKzHnu0Phibic47PEqSEiela_NI-SnsexEp_vZaNQ

alignable.com

When looking for a mortgage, would you rather use an app or talk to someone?

A week ago, I created a poll (that is always running by the way), to see if people prefer using apps/computer programs to apply for a home loan, such as Rocket Mortgage, or if people prefer to speak to an actual person (regardless if on the phone or face to face).

I asked the same question on Alignable, and the responses were very insightful.

Your thoughts?

alignable.com With technology advancing, apps are becoming more and more common, even when it comes to home loans. But, do you want a computer program to determine if you qualify for a home loan, or would you...

[01/07/19]   Hey everyone. Just an FYI.

Until further notice, I will only be able to do Fannie/Freddie, FHA, VA, and USDA loans, and Jumbo prime loans in California.

My contact I had with a mortgage broker to do loans such as Bank Statement and Hard Money is gone. I can still refer such loans directly to the lenders that do those loans.

I will still be able to do real estate in California.

I'm going to look into finding a broker to partner with to refer certain loan scenarios that I can't do on my own.

This will not affect my ability to research and answer questions about any home loans.

January 6, 2019 - An update on Reverse Mortgages...

In today's video, I recap some information I presented in a previous video post on Reverse Mortgages, while talking about a new rule implemented by FHA for all Reverse Mortgages going forward.

(323) 481-6304. Call me with your loan questions, and to get started on your loan.

[01/06/19]   Hi everyone. Sorry I didn't get to posting my video as planned today. Life always throws a curve ball. I'll do my best to get it done tomorrow or Monday.

Stay tuned...

[01/04/19]   Hi everyone. Tomorrow I will post a new video concerning an update to reverse mortgages that I feel needs to be addressed.

Stay tuned....

[01/03/19]   When it comes time to get a home loan, which do you prefer?

[12/30/18]   Hey everyone. On Nov 27, 2018, the Federal Housing Finance Agency (FHFA), released information on increased loan limits for prime loans.

Beginning January 1, 2019, in most areas of the country, the maximum loan amount for a single family residence will be $484,350, and for high value areas of the country, such as here in California, the new loan limit for a single family residence will increase to $726,525.

This means more properties will be eligible for Fannie Mae, Freddie Mac FHA, VA, and even USDA financing!

If you're looking to buy or refinance, now is the time.

(323) 481-6304 for more information and to apply.

CalDRE: 01932503
NMLS: 1253754

forbes.com

How To Prepare For The Next Real Estate Downturn

I believe that in many major markets across the country, we will see a market downturn soon. Now, whether this downturn will merely be a correction, or an actual crash, that I do not know.

I do know that in this past year, my friend Jimmy Lee Maxwell, had told me that he'd seen a rise in clients needing home loan modifications.

In addition to that, I just recently talked about how LAPD detectives had made an arrest in a real estate scam targeting Spanish speaking homeowners who thought the people they gave money to would help them with their home loan modifications. That tells me there are more people out there that are now in need of modifications.

Combine those comments, with various articles being released that continuously show a decline in home sales, yet values/prices rising at a slower rate, with interest rates still climbing, and developers building less units than they were just a year ago (and yes, I posted links to such articles earlier this year, look at my previous video posts), I believe we will see a downturn in prices and values soon.

But, I ask you all, what are your thoughts? Please read this article from Forbes.com and let me know.

https://www.forbes.com/sites/davidgreene/2018/10/30/how-to-prepare-for-the-next-real-estate-downturn/?fbclid=IwAR27IN2Rshrm_tGm9sBD4pWwPoN9xc8YuMI8LlBP05c7RnuG-cyA_SwrWH8#2407d8b51a94

forbes.com The fear of the unknown holds a lot of investors back. So how do you beat it? With the secret wise investors have been using for years: the BRRRR method.

[12/15/18]   This weekend, I will post a video concerning some very recent updates made to reverse mortgages, and also share some info from articles concerning the impact in the reverse mortgage industry from the changes made in October 2017.

Stay tuned.....

December 12, 2018 - A report on Loan Modification Fraud

Two days ago (December 10), the local news here in Los Angeles, CA had reported that LAPD detectives had made arrests in connection with loan modification fraud cases.

In this video, I talk about how the victims were defrauded, recap on my experiences having worked in loan modifications, my reasons for getting into the real estate and loan business, and what are some signs to watch out for when dealing with companies or agents that advertise loan modification services.

Link to ABC7 News Article: https://abc7.com/foreclosure-scam-targets-la-spanish-speakers/4875060/

Link to California Civil Codes: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?sectionNum=2944.6.&lawCode=CIV

https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?sectionNum=2944.7.&lawCode=CIV

[12/11/18]   Earlier tonight a news segment was aired concerning loan modification fraud. I have experience in loan modifications. Tomorrow I'll try and make video about what happened, after doing a little research on this case.

This screenshot refers to the events leading up to the crash over a decade ago. However, I wonder how many of you see some correlation to what's happening right now.

As with all things in life, you need to have a little fun on the job. As a Trekkie and a licensed agent, this speaks to me on many levels!

Buying, selling, or refinancing, give me a call.

323-481-6304

chitchatme.com

Chit Chat ME

For anyone that may be interested, I have created a new business page on ChitChatMe.com.

I will continue to post here on this business page, but I will also submit the exact same posts on that page as well, so no need to worry about whether I'm giving up this page or not.

The link to the new business page is: www.chitchatme.com/LoansByArmando

chitchatme.com Chit Chat ME, is the FIRST Social networking site to empower you to be you!

cnbc.com

Mortgage rates jump past 5%, signaling more home price cuts ahead

It looks like this coming year, we might see home prices level off. Will they drop? Maybe, but it's not certain right now. How much? That's anyone's guess at this point.

https://www.cnbc.com/2018/10/09/mortgage-rates-jump-past-5percent-signaling-more-home-price-cuts-ahead.html

cnbc.com Mortgage rates moved to the highest level in 8 years, and confidence in housing is now slipping. This as millennials are smack in the middle of their prime home buying years. Rates are expected to move even higher going into next year. 

marketwatch.com

This is why Americans are losing confidence in the housing market

https://www.marketwatch.com/story/this-is-why-americans-are-losing-confidence-in-the-housing-market-2018-09-17

marketwatch.com Here are some trends that could be influencing homeowner behavior and confidence.

KTLA 5 Morning News

Wells Fargo was the worst bank I ever had to deal with during my loan modification days. They were notorious for auto-denying files, conducting dual tracking practices in where they would foreclose on you while you were trying to work with them to avoid foreclosure, and then still send a bill for deficiency if and when they took the property in foreclosure.

I remember on a couple files, one WF rep told me that we could continue to send in the same file, but it would be automatically rejected, because there was no reason to bother to review the file since they felt there was no change in hardship and conditions, and therefore the system had been updated to just flag the loan number and reject the loan modification request.

The very last loan modification file that I ever touched, I don't know if it ever got done. I wasn't able to get too involved into it, and it was a complete mess. My friend, Jimmy Lee Maxwell, was taking lead on that file. I'll have to ask him if it was ever approved.

Hundreds of people had their homes foreclosed on because software used by Wells Fargo incorrectly denied them mortgage modifications.

July 28, 2018 - Adjustable Rate Mortgages

In today's video, I talk about what Adjustable Rate Mortgages are, and give a basic overview of how the rates are calculated.

Give me your thoughts. Like and share the video with your friends and family.

Buying, selling, or refinancing in California, give me a call: 323-481-6304

DISCLAIMER: I made a slight mistake in the video, when I describe how the initial adjustment works. In the video, based off our example used of 4.1% initial interest rate, I said that the first adjustment, the rate can go up to 6.1, or down to 4.1. I meant to say that the rate can go up to 6.1, or down to 2.1. I'm sorry I didn't catch that error before when making the video. Again, I meant to say that, based off the example of our initial interest rate, the first adjustment can be as low as 2.1%, or as high as 6.1%.

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Videos (show all)

March 22, 2019 - What to do to protect yourself if you rent.
January 6, 2019 - An update on Reverse Mortgages...
December 12, 2018 - A report on Loan Modification Fraud
July 28, 2018 - Adjustable Rate Mortgages
July 27, 2018 - What's going on with home prices and home sales?  Watch and you decide....
FHA and VA Loans - LoansByArmando
Feb. 15, 2018 - Refinancing Your Home
Jan 8, 2018 - Answering Questions About Reverse Mortgages
Dec 13 2017 - Changes to Reverse Mortgages and 2018 Maximum Lo...
Dec 7 2017 - Exciting news!!

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Los Angeles, CA
90039
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