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Harcourts Beverly Hills

Know the Numbers

Credit Report

Typically, it costs under $50 to check your credit. With your permission the lender will order a review of your outstanding loans and your repayment history from a third party credit agency.

Application / Processing Fee

This cost, typically a few hundred dollars, is charged to cover the lender’s work to evaluate your ability to repay the loan. Some lenders will credit this back to you upon closing.

What is APR?

The APR, or annual percentage rate, is the sum total of all your borrowing costs expressed as a percentage interest rate charged on the loan balance.

For example: After fees, the original interest rate quote of 5.875% might work out to a 6% APR loan, where the interest costs about $6,000 per year for every $100,000 borrowed, and the principal payments are calculated based on the length of the loan term (for example 15, 20, or 30 years).

Indexes

The interest rates on variable loans readjust periodically based on changes in an index. Typical indexes include the Federal Funds Rate, Treasury Bill.

Points

When mortgage companies are competing by offering lower interest rates, they may charge you a one-time pre-paid interest payment calculated as a percentage of the loan. Called points", this may range from 0.25% to 2% of the loan balance, and is usually paid up front. Points are tax-deductible; consult with your tax advisor.

Appraisal Cost

Lenders hire experienced, often independent appraisers to evaluate the property’s purchase price, condition and size compared to similar recent neighborhood sales. This helps ensure the purchase price is not too high, and gives the lender more confidence in getting repaid in the event they are forced to sell the property if the borrower defaults. The appraisal costs vary depending on the property, type of appraisal, and region.

Miscellaneous Fees

Expect to see various charges incurred in the processing of your loan which might include notary, courier, and county recording fees.

Prepayment Penalties

These vary widely, so be sure you know in advance if your lender will charge a penalty if you refinance or sell, and the certain period during which the penalties apply.

Recent Reviews

Thank you Glen for all the hard yards you put in for us on Saturday to obtain the results we did. Your knowledge of the industry is invaluable and to combine this with your enthusiasm, professionalism and positive nature is peace of mind for any prospective vendor. We were extremely pleased to have you on our side throughout this process.

Andrea D.

Your ability to successfully manipulate and read the potential buyers art my auction resulted in a more than satisfactory sale price. I feel comfortable contacting you anything with questions about future purchases.

John & Leanne E.

Alex and Deanna are the only people I would recommend with complete confidence. They far exceeded any expectations I could have imagined. I handed over the keys to my home and they handled everything extremely quickly getting it on the market. The staging made our mid-century modern home look like a model! The process was totally turnkey from staging, marketing, open houses with follow up and negotiating on the many offers we received after the first open house. We sold the house for K over asking!!! To top it off, they are the nicest people to work with and always go above and beyond. It is a no brainer... they are the BEST!!!

Jacque M.

Alex and Deanna made the process of buying our first home seamless. They are an amazing team and went above and beyond every step of the way. I cannot recommend them enough. We will be clients for life!

Michael M.

There are very few professionals like, Brooke Coutinho. She masters the fine art of communication, kindness, and intelligence when completing any task at hand. I have the honor of working with Brooke and our international women’s real estate group called, Real Women In Real Estate Los Angeles. As a real estate professional, homeowner, and investor I have 100% confidence in Brooke and honestly, I wish I could steal her away to work with me. She is the proverbial unicorn in our business.

Louisette G.

I have worked alongside Brooke Coutinho for approx. 5 years. During this time I found her to be extremely helpful, so efficient and always professional! I would love to have Brooke in my team and or have her assisting me with a transaction as I know I could always rely on her to provide the best outcome possible! If you need any further information please feel free to contact me.

J. Royston

Elise is a mind reader! Well, not really BUT when I told her what my must-haves were, she listened. And, when I told her where I wouldn’t compromise, she got it. Time is precious and she respected that and didn’t waste my time by showing me homes that didn’t work for me. That’s important to me.

Ellen G.

Christine helped us with our relocation from the Central Valley recently. We had a very specific timeline as this was a work relocation, a specific lists of wants, budget and knew nothing about the area. Christine was respectful of all this and got us in our home with all boxes checked. Honestly, couldn’t be more pleased. A true professional and would highly recommend her. We are beyond happy, and fortunate, to have had Christine on our team.

B Taylor.