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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
    • Laurel Canyon
    • Malibu
    • Mount Olympus
    • Platinum Triangle
    • Pacific Palisades
    • Rolling Hills
    • Sunset Strip
    • Trousdale Estate
    • Wilshire Corridor
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US
Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
        • Bel Air
        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
        • Sunset Strip
        • Beverly Hills
        • Beverly Park
        • Beverly Hills Flats
        • Birds Streets
        • Wilshire Corridor
        • Laurel Canyon
        • Mount Olympus
        • Platinum Triangle
        • Pacific Palisades
        • Rolling Hills
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US
Tips for Your Dream Home in Beverly Hills

Top Mortgage Tips for Your Dream Home in Beverly Hills!

By

Erik Brown

Posted in Real estate, Written Blogs On August 18, 2022

As a high-net-worth buyer in Beverly Hills, you’ll know already that taking out a mortgage will likely be one of the most significant financial commitments of your life. The good news is that luxury real estate agents like myself can offer you a few valuable pieces of information to help you secure the best deal possible. Read on for more details!

Clear any debts you may have

Table of Contents

  • Clear any debts you may have
  • Credit score
  • Think about mortgage types
  • Know your market
  • Make your home-buying process easier!

For motivated individuals, borrowing money can contribute to a wealth creation strategy, mainly when there are low-interest rates. However, you do need to consider avoiding debt when it comes to securing a mortgage. When submitting this type of application in the Beverly Hills area, no prospective lender will be impressed if you owe a lot of money on your credit cards or have outstanding loans. Thus, before applying for your mortgage, make every effort to decrease or clear any debts you may have, showing that you can manage your money responsibly.

Money, Coin, Investment, Business

Credit score

When looking into mortgages, you’ll know that your credit score really does matter, yet this is something that many buyers slip up on. To consider a luxury financing option, you generally need to secure a 720-plus credit score. In the event that your credit rating is poor, you can take a few actions to improve it. For example, as a top realtor, I can advise that simply closing down credit card accounts you don’t use anymore is a good start.

Think about mortgage types

Sometimes, luxury buyers opt for jumbo mortgages. This type of mortgage is a loan that may have high credit quality, although it is in an amount higher than conventional conforming loan limits. The standard is established by the government-sponsored enterprises, Freddie Mac and Fannie Mae, which set limits on the maximum value of any mortgage they buy from a lender. While this is a popular choice with buyers in any high-end area, including Beverly Hills, good communication with a lender is often their most critical asset, meaning you should shop around and research different mortgage types.

Know your market

When searching for the best rate, you may only consider your current bank or lender. However, don’t underestimate the likelihood of there being a better rate further afield. As a high net worth individual, you are more likely to be offered bespoke deals by other lenders. For example, look out for exclusive rates offered by banks and building societies, but you must research each prospect thoroughly. Almost always, a better deal can be found, and this is where experts can come in to help. With the property market and interest rates continuously fluctuating, you must always be aware of the present period and how you can access the best deals.
Mortgage, House, Money, Budget, Business

Make your home-buying process easier!

Hi, I’m Erik Brown. I constantly strive to build relationships with my clients and guide them through the tricky process of purchasing, selling, or investing in properties across the Beverly Hills area and beyond. If you want a realty experience in which your realtor gives 100% and a dash of humor to lighten the mood, this company is for you!
Key, Home, House, Estate, Business

If this is something you are intrigued by, I’d love to hear from you!

Related

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…
But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

If you are interested in buying or selling a home and appreciate… and deserve… a luxury real estate experience, then click here. Get an idea of the differences.

Enter your contact information below and let us know if you’d like a complimentary VIP package sent to you asap.

Erik Brown / DRE: 01958545
Compass
9454 Wilshire Blvd, Beverly Hills, CA 90212
Los Angeles real estate blog

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ERIK BROWN
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Equal Housing Opportunity In Beverly Hills Real Estate
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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