How to Buy a Home Faster and Smarter

Are you looking to buy your home in Orange County? The home-buying process can take up to six months, a year, or even longer. Wouldn’t it be nice to finally own your home as soon as possible? Here are some tips to how you can buy your dream home faster and smarter.

But first, ask yourself these questions:

  • What type of home am I looking for?
  • Do I have a good enough credit score to buy a home?
  • Do I have any debt that can potentially affect my home-buying process?
  • Do I qualify for a mortgage?
  • What type of mortgage would best suit me?

Answering these questions will allow you to assess whether you are ready to begin and go through the home-buying process as well as understand what bumps might come into the road. Once you have the answers for these questions, you are ready to begin the home-buying process.

Be on Top of Tracking New Listings

Once you know what you are looking for in your home search, being tracking down new listings that meet the needs and wants you have for your dream home. You can even sign up for automated emails with your local agent to stay on top of all the listings that pop up and fit your needs. Being on top of new listings is a good strategy for having an edge over other buyers because it shows sellers that you are able to potentially make an offer before another buyer sees the listing.

Look For Down Payment Assistance

Did you know that homebuyers could qualify for over 2,200 different down payment assistance programs that are offered nationwide? These assistance programs were created to help homebuyers by providing low-interest loans, grants, and tax credits. Homebuyers who sought out down payment assistance in the past have saved an average of $17,766 between upfront savings and lower mortgage payments throughout the life of their loan. Homebuyers can become eligible for down payment assistance by meeting requirements such as income, occupation, or credit.

Make Sure Your Finances Are in Order

Closing times for the home-buying process nowadays are getting longer and longer. A recent report by Ellie Mae, a software company that processes almost a quarter of U.S. mortgage applications, revealed that it now takes 50 days on average for a buyer to reach closing while it took 40 days in 2015.

In order to close faster in the home-buying process, make sure your finances are in order by getting pre-approved for a home loan before submitting an offer on a property. This is why it is important to assess your finances and financial capabilities before starting the home-buying process. A mortgage pre-approval involves a lender running a credit check and verifying a buyer’s income and assets.

The home-buying process may seem difficult, but it is possible to get through it quickly and smoothly. If you have any questions or if you need any help, contact the Kovacs Connection Team today!

Courtesy of Cuselleration

7 Staging Tips For Selling a Small Home

Are you trying to sell a small home in Orange County? One of the biggest components that contribute to a successful sale is how you stage your home, so having a small home does not mean a trickier sale. Follow these steps to see if you are being the most successful in preparing a small home for sale.

1. Say Goodbye to Clutter

The most important thing you can do to prepare a small home for sale is to get rid of any clutter. Clutter makes a home look unorganized and usually is a result of having too much furniture. This may make a small space feel even smaller! Take a hard look at the pieces of furniture you currently own and consider what you can live without. An organized layout comes a long way when you have a reasonable amount of furniture and more open space to work with.

2. Rearrange Your Furniture

Rearrange your furniture to organize the layout of your home. In the living room, symmetrical arrangements work well. A home can look more organized with furniture that is in pairs as well as pulling furniture away from the walls. Place pieces so that the traffic flow in a room is obvious. This will create a more open and walking space to make your home feel spacious yet inviting.

3. Strategize the Use of Mirrors

Mirrors can do more than allow you to see your reflection. Mirrors can brighten a dark room and make a small space look much bigger by reflecting natural light. Placing a mirror either next to or directly across from a window can also help by adding more depth to your home.

4. Let Light In

Having good lighting in your home is one of the biggest aspects that can help make a small space seem larger. Good lighting can come from how much natural sunlight can be let in as well as the type of lighting you use in your home. Here are three types of lighting to consider implementing into your home:

  • Ambient (general or overhead),
  • Task (pendant, under-cabinet or reading)
  • Accent (table and wall)

An added bonus is that this will also help make your home feel warm and welcoming!

5. Utilize Rugs

The larger an area rug, the more spacious the room will seem. Having small rugs can actually make a home seem smaller because it makes the space seem choppy. Situating rugs under groupings of furniture can help add contrast to your home to help organize the different sections of your home. This will overall allow you to have a more organized layout in your home because not using any rugs in your home can make the space look like a big maze of furniture.

6. Take Down Decorations and Artwork on the Walls

Walls with a blank space gives a room a chance to breathe. Taking down the decorations and artwork on the walls also contributes to decluttering your home to make it more organized. Having open walls can also make a small space feel bigger.

7. Take Your Doors Off Their Hinges

Removing all your interior doors besides the ones that lead to bedrooms, bathrooms, and closets can help your home feel more open. This allows a small space to feel larger as if there is more room to walk around.

Successful staging a small home may seem difficult, but it is not impossible. If you have any questions or if you need any help, contact the Kovacs Connection team today!

Courtesy of Cuselleration

How To: Declutter Your Kitchen in 5 Steps

The kitchen may be one of the rooms in your home that is the easiest to get cluttered. Keeping your kitchen clean does not only involve washing the dirty dishes in the sink and wiping down the stove or dirty counters. A crucial step in maintaining a clean kitchen is making sure that everything in the kitchen is organized, whether they are items that are out in the open or whether they are items stored in the cabinets and drawers. This may include your plates, bowls, silverware, spices, ingredients, and more.

On top of these steps, it will be helpful to make a weekly checklist or kitchen maintenance sheet to make decluttering a habit. Keeping your kitchen clean is not a one-time-thing, but is an ongoing effort.

1. Clear off your counter tops.

Counter tops are the first things that catches the eye when you walk into a kitchen. The biggest tip to having a cleaner kitchen is making sure you have the least amount of items stored on your counter tops. To be able to do so, utilize all your storage space to keep all the items in your kitchen out of sight. If there are loose items that do need to be kept out, place them into pretty baskets or bowls.

Making it a habit to clear and organize your counter-tops often even allows you to have the open counter space every time you need it, so you don’t have to make the extra effort to push things aside or place items in random places when you do need the extra room on the counter.

2. Keep what you actually use/need.

One of the biggest components of a cluttered kitchen is having more dishes, utensils, and cups than you actually need. You should only need to keep just enough for regular use and for gatherings. To better identify what needs to be thrown out on top of this, look out for the dishes that have chips or cracks in them.

If there are any spices or ingredients you have only used once for that one recipe you made in the past, throw those out too. Those items will not only take up space in your kitchen, but may not even be used any time in the near future, so there would be no purpose in keeping them.

3. Utilize simple and affordable storage racks and lazy susans.

Storage racks and lazy susans are a good investment because they may go a long way in helping you with both organizing your kitchen and making your life easier the next time you’re looking for condiments or spices.

Using storage racks may allow you to stack your bowls on top of your plates without the hassle of difficult access to either. Using the height of your cabinet in this case allows you to place more things in the cabinet that you might have kept on your counter tops. Utilizing the height of your cabinets and shelves over the width of your cabinets and shelves allow you to have more space available for storage.

Using a lazy susan by grouping condiments and grouping spices will allow you to find what you need with a quick spin rather than digging through your cabinets.

4. Utilize storage containers and labels.

All the different sizes of the boxes and containers that your foods and ingredients came in may make your cabinets look cluttered. The best way to approach this is to repackage all those foods and ingredients into storage-friendly containers that allow organization,easy-access and decor to your kitchen. After repackaging, organize the containers into your shelves and cabinets according to their purposes. Then, use labels on the containers, shelves, and cabinets to create a user-friendly organizing system for you and the others in the household so everyone will know where to find things as well as where to put things away.

5. Group the items that have similar purposes.

Start by grouping the items in the kitchen that have a similar use and create zones for them in different parts of the kitchen. For example, all the mixing bowls and baking necessities can be organized in a specific shelf or drawer of itself so that the next time you bake, you will have all you need in one area. This helps you refrain from rummaging around all the shelves and drawers in your kitchen to find that one utensil you need, avoiding a future mess.

The kitchen is the perfect place to start because it is probably one of the areas of your home that you are in on a daily basis, making it easier to get cluttered. In order to take preventative measures, it is crucial that you tidy up the kitchen consistently. Keeping your kitchen organized is just one part of cleaning your home.

A clean home is a happy home. Happy tidying!

If you need any assistance, contact the Kovacs Connection Team today!

Courtesy of Cuselleration

3 Tips to Help Improve Your Credit Score

Your credit score is one of the most important aspects that determines how much you can qualify for when applying for a loan.

Here are the credit tiers to gauge where you stand:

  • Excellent Credit: 750+
  • Good Credit: 700-749
  • Fair Credit: 650-699
  • Poor Credit: 600-649
  • Bad Credit: Below 600

Building your credit is not a quick or easy process, but it is possible with some careful thought and help from your loan officer! Here are some tips that you can look at to ease the process of improving your credit score and to make sure you are headed towards the right direction.

1. Regularly Check Your Credit Report

The first step to improving your credit score begins with checking your credit report frequently. A few places you can check your credit report are Experian, Equifax, and TransUnion. Your credit report will reveal to you why you have the credit score you have. But don’t always fully trust your credit report! Make sure to go through them thoroughly to check for any inconsistencies.

It will help to ask yourself these questions:

  • Is all your personal information correct? (includes your social security number, birth date, full name, and address)
  • Are all of your credit accounts being reported?
  • Are there any late or missed payments listed that you remember making on time?
  • Are there any accounts or applications for credit you don’t recognize?
  • Are there any items from decades ago still appearing on your report?

2. Pinpoint What You Need to Improve

After analyzing your credit report, make a list of what went wrong so that you know where to pinpoint what you need to improve.

One of the biggest contributing factors to your credit score is whether you are making your credit payments on time. Creditors see you as a bigger risk when missed payments become a habit. A history of missed payments will make creditors skeptical towards allowing you to take on more credit. If this is the case, try setting up payment reminders to help you pay your bills on time.

3. Create a New Game Plan

This new game plan will help you improve and maintain your credit score. To begin improving your credit score, you should aim to keep your credit card balances on the lower end along with any other type of revolving credit you may have.

This may involve fixing your late payments first to get yourself back on the right track. You can try asking your credit card issuer if they can fix a late payment. Credit card companies are usually pretty forgiving if you have a long track record of making on-time payments.

Don’t let past mistakes keep you from improving your credit score. Improving a credit score takes time, but it’ll be completely worth it. Since the process is not a quick fix, the best thing to do to improve your credit is to manage it responsibly over time and to get tips from your loan officer. If you need any assistance, contact the Kovacs Connection Team today!

Courtesy of Cuselleration

Old House vs. New House: Which is the better option?

It’s finally time for you to purchase a home and you’ve probably already found the ideal price and location, but there’s something else you’re forgetting to look into.

Are you looking to buy a new home or are you looking to buy an old home?

Considering the age of the home is something that’s usually overlooked, but it is actually something important to think about because it has many factors with pros and cons that may affect you as a future homeowner.

Old Homes: Pros

Unique – Designs of old homes have been more thought out with architectural details, meaning no two homes would look the same. With this, older homes also have a story to tell that may date back to decades ago, providing more value to your home and a story to share to your friends.

Communities – Older homes are usually located in an area that has a stronger and closer-knit community. This is especially a pro if you have children because your child can play with the kid next door or the kids down the block. Something to also consider in the community is who your potential neighbors would be. Imagine living next to a home with a teenager who blasts music all night vs. living next to a home with grandparents who are quiet and like to sleep early.

Old Homes: Cons

Expensive Utility Bill – Old homes probably don’t contain insulation, new windows and doors, and energy efficient heating and cooling systems. This may result in costly utilities that may not outweigh the benefits that do come with living in an older home.

Maintenance – Older homes mean older appliances, old pipes, and more systems that are old and not guaranteed to last for a long period of time before maintenance is needed. Costs may add up for repairs, replacements, and upgrades shortly after buying the home itself.

New Homes: Pros

Design/Space – Newer homes are more modern with sleek designs and abstract structures as well as enlarged rooms, bathrooms, and kitchens. Who doesn’t like the extra closet space or just the extra space in general? Newer homes built from the ground up include blueprints and structural designs with larger rooms and larger spaces compared to older homes. These new homes are built on areas with more square feet, giving them more flexibility with how to distribute the space around the home. So now, you may even be able to have that dream pool table right in your living room.

Stronger/Safer Structure – The structure of the home itself is also better engineered because the walls and ceilings of the home are no longer made with lathe and plaster, but now with shear walls. These shear walls provide stiffness and strength to the home, which reduces potential damage to the home in the case of large horizontal earthquake forces.

New Homes: Cons

Costly – Newer and bigger homes are more expensive than older homes. The new innovations and engineering behind the construction of your new home will allow it to last longer and defy potential natural disasters, but this also makes the construction of your home as a whole more costly. Older homes may not have as much protection and stability as the blueprints for newer homes, but they have enough to stay intact in the case of an incident.

While looking at the pros and cons that contribute to the comparison of old homes and new homes, this decision is not a one-for-all. There may be even more factors out of your scope that are involved in weighing the pros and cons of old homes and new homes. If you have any questions or are unsure about anything, contact the Kovacs Connection today so you can go through the decision-making process smoothly!

Courtesy of Cuselleration

5 Things to Do Before Moving Out of Your Home

Moving out is not as simple as just finding a new home, packing your things, and driving away. If you have decided to move out of your current home, there are some logistics and tasks that need to be done and taken care of before doing so. If you are unsure about anything in the process, you’ll want to talk to a real estate agent to get advice on how to ease or speed up the process and what mistakes you should avoid. Look at the following items as some of the things to keep in mind or to be on top of so that you can make the moving process a lot smoother and a lot less stressful for yourself.

1. Clean your home.

Keep in mind the mentality that you would have when looking into potential future homes if you were the next buyer of this home. This is easy to overlook when you are focusing only on how to pack your belongings and move it all out. Think about all the dust and dirt that has accumulated in the corners and cracks of your home that you don’t access often or even during the packing process of moving all your belongings around. Just keep a mop and broom around to do some simple tidying and cleaning up. Keep in mind that as you are leaving your current home, another homebuyer will shortly be moving in. Leave the home as it was when your first moved in or as you would like to see it if you were the next homeowner.

2. Change your address early and also leave your new address behind.

When you are certain about moving out and have already signed for a new home to seal the deal, make sure to start changing your current address to your new address for all your bank accounts, subscriptions, and more to avoid the trouble of not receiving your mail at your new address. And to be safe, also leave your new address behind for the future owner of your current home so that they know where to redirect the mail that was sent to your old address. This is especially important if you have any bills to pay off that come in through the mail.

3. Cancel Utilities and Insurance Coverage of Current Home

Moving out of a home and into a new home means that you will need to cancel or change many things in regards to insurance, utilities, and subscriptions. When beginning insurance coverage on your new home, remember to either cancel the insurance coverage of your old home or check if the insurance company has already done that for you. Keep in mind that some insurance companies may not automatically do that for you. When moving out of your old home, make sure to let your utility company know the date to discontinue their services at the old address and also the address for where to forward your last utility bill.

4. Pack Smartly and Visualize How to Unpack and Decorate Your New Home Beforehand

Organize your moving boxes. The process of unpacking may take longer than you expect it  to, so make sure to separate the items you will need within the first few days of moving in. This may include bedding, toiletries, and a few clothing items so that you can avoid the need to dig through all the boxes that you have yet to unpack and organize. Also, organize all the items in each box so you know which room the items are designated for in the new home. This will allow the unpacking process to be smoother and more organized. Knowing which items you would like in which room of your new home will help you organize and label the boxes.

5. Hire a Professional Moving Company or Rent a U-HAUL

The fastest and smoothest way to move your belongings in the moving process is with less trips back and forth to the old and new home and also more helping hands. Imagine how much more time and effort it takes to move box after box from your old home to your new home with your own car. Compare that to all the boxes you can fit in a U-HAUL truck you can rent or even with a professional moving company that you can hire to move all your belongings with one trip and many helping hands.

Hopefully these tips have allowed you to feel less stressed and nervous about the moving process. We know the process can seem difficult at first, so we want to help you! Feel free to contact us today so we can start helping you through this next step in your homebuying journey.

Courtesy of Cuselleration

4 Ways to Increase Your Home’s Value

There are personal and professional reasons why you should consider making changes to your home in order to increase the value in the market. You will definitely have your buyers talking when they look at the brand-new bathroom or kitchen. These are some of the key points you need to pay keen attention to if you plan on catching that big break with your potential buyers. For whichever reason you may choose to remodel your home, there is bound to be a notable touch on the market value. Some of the best ways you can adapt to improve your home value include the following below.

1. Undertaking kitchen renovations

Redoing your kitchen will flock buyers to your doorstep. Adopting trends that gather people such as bar stools, improving, replacing old finishes on the tiles, and new appliances are a major attraction key. Considering that it is a place for cooking, you need to pay keen attention to the countertops and how they appear to buyers.

2. Doing updates to your bathroom

Considered to be one of the smallest rooms in the house, increasing the number of bathrooms from one to two can be a significant upgrade for your house’s value. While you attempt to maintain simplicity in the upgrade, especially if the reason is for resale, it is advisable to keep your bathroom as casual and neutral as you possibly can. Detail should be the main area of concern as you work on matters concerning the improvement of the towel hangers, adding cabinets, and also redoing the flooring. Replacing old pedestal sinks with trendy vanity styles and matching mirrors not only stands out and draws the eye to it, but also gives more storage space. Filling chinks between tiles are cheaper and provide the bathroom with a fresher look.

3. Fresh paint

Unclouded looking walls are another key to making your home’s space more attractive. You may prefer to choose to paint the wall shades of white, crisp, navy and even earthly neutrals that create a calming and versatile backdrop. You might also want to paint the places that the buyers will see first while entering the house such as foyer, living room, and the dining room as well. Overall, this gives you the impression that the living area was very well kept by the previous owner, in fact, it makes it seem easier to maintain while living there.

4. Landscape improvements

Landscaping the home’s area is key to increasing the value of your home. A beautiful and well-tended lawn with plenty of colorful blooms gives buyers the impression that you indeed take care of your home. You better pay close attention to the entrance of your home. Make the landscape look more appealing than it was before. You can do this by paying for the replacements for damaged stepping stones, porch plants, and also the concrete paths.The main agenda here is for you to feel some level of excitement whenever you are about to enter your home.

Are you in the market to purchase a home in Rancho Santa Margarita, Coto de Caza, or Mission Viejo? Click here to talk to the Kovacs Connection Team today!

4 Easy Ways to Buy Your Orange County Home Fast

The real estate market has become extra competitive. You can wait for years before a potential buyer comes your way. However, there are some skilled steps you can follow that will hasten the home buying process.

1. Have a team of real estate experts
Having a team of reliable experts who are well aware of the real estate environment you are house hunting should be the first thing to do. Your team should have experience and be very updated with the current real estate trends in the region.

Your team should consist of: a mortgage banker, real estate attorney, and a real estate broker. It will be best if your team had previously worked together on similar projects. The board of the team is you, the others are just your executives.

Your agent should have enough connections that will be useful to your house hunting process. He will be aware of all the properties that will soon be available for sale in the market before the properties are made public. If you build a very good relationship with your agent, he/she will always keep you updated on the best properties in your area of interest.

2. Make sure you have a home loan ready that is pre approved
We all know that buying a home will involve a lot of paperwork with the longest part being the mortgage approval. Some of the legal documents you will need are: 1099s, debt information statements, gift letters, W-2s, and bank statements. To save time and a last minute headache, start gathering all these papers early enough and have them checked and confirmed for pre approval. Make sure your loan officer gives you a pre approval letter way before you begin hunting for a new house. With your pre approval letter, you can show the seller that you are indeed a serious buyer and able to financially afford buying the house.

3. Make high inventory areas your first house hunting zones
Everyone has a wish list when it comes to moving to a new hometown. Some common factors include easy transportation and access to social amenities like shopping centers and move theaters. The other factor to consider is high-inventory regions.

Research shows that homes located in low-inventory areas tend to slow the whole home buying process. Look at the surrounding region in your preferred area that match the same criteria you are looking for. With an area that is less economically prosperous, you will get a stronger offer with a possible discount. Avoid looking at properties that don’t meet your criteria.

4. Sell your current before you purchase a new house
A contingency sale is one of the most common ways of slowing down a possible purchase. Most buyers who are in fast-moving real estate markets aren’t ready to handle any form of contingency sale.

If you want to have a faster successful house hunting process, it’s good to first unload your current home. Make sure the amount of your equity in the bank is ample enough and the closing date of your house is flexible. This means you will have to look for storage facilities where you can store up your stuff for a few weeks or months. Early packing will prove to be very useful at this point.

Are you in the market to purchase a home in Mission Viejo, Rancho Santa Margarita or Coto de Caza? Click here to talk to the Ryan Grant Team today!

3 Secrets to Investing in Real Estate

Real estate is most likely missing from your investment portfolio. From many investment advisors not wanting to tell you advice for investments they do not earn a commission on, to the horror stories of becoming a landlord and dealing with stopped up toilets and irritated tenants, investing in real estate oftentimes gets pushed to the side. Even though at the same time, all of us know real estate’s cash generating potential and we instinctively want a piece of it.

You must be ardent in your desire to add real estate to your portfolio because no one else will tell you it is a good idea. To capture the unique tax advantages afforded in real estate, you should learn how to evaluate a real estate transaction yourself and must decide which type of real estate investment matches your personality and how you would invest. When you conclude real estate meets your need for reliable cash flow with the opportunity for appreciation, you should invest in it.

1. Defeat your allies

In many cases, your trusted and paid advisors such as your wealth manager, broker or tax accountant may suggest you avoid real estate in your portfolio altogether. They usually give the same tired reasons that it is too management intensive. Those could be valid arguments based on your specific situation, but that’s not the real reason they want you to avoid real estate.

Stockbrokers do not get paid for you to invest in real estate. There is nothing in it for them, unless they want you to buy a high-cost non-traded REIT, but now you will know their true motivation. You need to do your own research to decide if the potential cash flow from real estate is right for you.

2. Grade school arithmetic

Real estate is a numbers game, but you might be surprised to know that you learned all of the skills necessary in grade school. To decide whether or not to go with a potential investment, you will only need a few key formulas and nothing will be more difficult than long division. Once you have mastered these concepts, you will have the numerical tools to effectively underwrite real estate investments.

3. Use a taxable account

Why try to avoid taxes by investing through an 401k or IRA when the government brings tax advantages to real estate? The cash flow that you receive may not be entirely what the IRS considers taxable income especially in the early years of a real estate investment. Non-cash items like depreciation and amortization will serve to dramatically reduce your taxable income but have no impact on your cash flow. Taxable losses can be wasted in an 401k or IRA but have great value in your taxed account.

Real estate needs to be a part of a diversified investment portfolio when it comes to retirement in particular. You will take ownership of your investment future by equipping yourself with the proper tools to evaluate transactions and the self-awareness to seek out real estate investments when others tell you not to.

Do you have questions about investing in real estate? Click here to contact our partners at the Ryan Grant Team today! And if you’re ready to start searching homes let us know!

Can You Pay your Mortgage Using Bitcoins?

Bitcoins are all the rage right now and are changing the way people think about money. But can you pay your mortgage using this new digital currency? Find out below!

If you are looking to buy a house, there are a number of financial assets that could help you qualify for a mortgage including your current home, cash in savings and checking, retirement accounts and other investments. But what if you have assets that include bitcoins? While the cryptocurrency was recently labelled as an asset by the Internal Revenue Service, most lenders remain wary about how to value and accept this new digital currency.

Bitcoins as Assets

Bitcoin has been around for about eight years. It could be used in the mortgage transaction just like any other form of money. But there are a few problems. What is one Bitcoin worth? Will anybody accept them?

Let’s start with the worth of a Bitcoin. We would treat it like any other foreign currency. It would need to be converted in terms of value if not in terms of actual conversion to United States dollars. The good news is that there are exchanges for them. One Bitcoin was worth $16,490 on December 14, 2017 3:29pm PST.

Until more consistent rules are put into place, here are some ways you may be able to use Bitcoin during the mortgage process.

To pay closing costs and fees: A Manhattan mortgage provider made history in late 2013 when it became the first firm to accept bitcoins for real estate closing costs and fees. While this is an exciting milestone for the cryptocurrency, the trend has yet to catch on with most lenders. And do not expect to be able to make your mortgage payment in bitcoins because most experts think that is a long way off.

Use bitcoins as an asset on your mortgage application: Valuing bitcoin on a mortgage application is new territory for most mortgage lenders, so you might struggle to find one who will take this asset into consideration. But there is anecdotal evidence that a handful of mortgage providers are becoming more bitcoin-friendly. Just like all assets used to qualify for a mortgage, you will need to verify the value of the bitcoins you hold and submit proper and often extensive documentation to your mortgage provider.

Use bitcoins for proper documentation of transactions in a bank account: Even if you don’t plan on using your bitcoins to boost your assets when you apply for a mortgage, your mortgage provider may still request documentation for any large transactions in and out of your bank account. Your mortgage provider would want to confirm how that money entered your bank account if you cashed out a large amount of bitcoins to use for a down payment. This is similar to accounting for large cash gifts. Mortgage providers need to be sure you have not borrowed money from somewhere else to boost your liquid assets. For this reason, you should be prepared with a record of your bitcoin-to-bank-account transaction history.

Are you in the market to purchase a home in Rancho Santa Margarita, Coto de Caza, or Mission Viejo? Click here to talk to the Ryan Grant Team today!