Ali Abbasi

Ali Abbasi

Real estate

As a native to the Inland Empire, I was born and raised in Rancho Cucamonga, CA where I now currently live in Fontana with my wife and 3 children. I have been licensed in real estate for over 10 years and currently a real estate broker. I have successfully closed over $100 Million dollars in Real Estate deals and sit amongst the TOP 1% of producers for this area. I currently am the owner of Next Level Realty which is a full-service real estate company that operates in LA, Orange, Riverside and San Bernardino counties.

Contact Ali Abbasi

I work at RatesFeed LLC

ali@gmail.com

If not me who?



We have to do it! If not now, when? You got a dream you gotta protect it, you want some go get it.

Areas covered/ Languages

Cupertino

San Jose

California

Specialties

Sell and buy

Education & Experiences

Utah

Arizona State

Ali Abbasi
Ali Abbasi

Shared publicly - 2020-11-02 05:33:21

The best way is to ask friends and relatives for referrals, but make sure they have actually used the broker and aren't just dropping the name of a former college roommate or a distant acquaintance. Learn all you can about the broker’s services, communication style, level of knowledge and approach to clients.

Another referral source: your real estate agent. Ask your agent for the names of a few brokers that he or she has worked with and trusts. Some real estate companies offer an in-house mortgage broker as part of their suite of services, but you’re not obligated to go with that company or individual.

Finding the right mortgage broker is just like choosing the best mortgage lender: It’s wise to interview at least three people to find out what services they offer, how much experience they have and how they can help simplify the process.

Check your state’s professional licensing authority to ensure they have current mortgage broker’s licenses in good standing. Also, read online reviews and check with the Better Business Bureau to assess whether the broker you’re considering has a sound reputation.

NerdWallet writer Hal M. Bundrick contributed to this article.

A previous version of this article misstated the agreements some brokers may have with lenders and how brokers are compensated. This post has been corrected and clarified.


3 Likes - 2 Comments- 273 View


gust
mohamad gorzin
mohamad gorzin

Shared publicly - 2021-04-03 18:26:17

سلام ‏حاجی


mohamad gorzin
mohamad gorzin

Shared publicly - 2021-08-03 12:51:30

hi


Ali Abbasi
Ali Abbasi

Shared publicly - 2020-11-02 04:41:57

A mortgage broker applies for loans with different lenders on your behalf, shops for competitive mortgage rates and negotiates terms.

You can also save time by using a mortgage broker; it can take hours to apply for different loans, then there's the back-and-forth communication involved in underwriting the loan and ensuring the transaction stays on track. A mortgage broker can save you the hassle of managing that process.

But when choosing any lender — broker, bank, online or otherwise — you'll want to pay close attention to lender fees. Specifically, ask what fees will appear on page two of your Loan Estimate form in the Loan Costs section under "A: Origination Charges."

Then, take the Loan Estimate you receive from each lender, place them side by side and compare your interest rate and all of the fees and closing costs.

That head-to-head price comparison among different options is the best way to make the right choice in what is likely to be one of the largest purchases in your life.


2 Likes - 0 Comments- 248 View


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-11-02 04:41:12

Loan officers are employees of a lender and are paid a set salary (plus bonuses) for writing loans for that lender.

Mortgage brokers, who work within a mortgage brokerage firm or independently, deal with many lenders and earn the bulk of their money from lender-paid fees.


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-11-02 04:40:24

Mortgage brokers are most often paid by lenders, sometimes by borrowers, but never both, says Rick Bettencourt, president of the National Association of Mortgage Brokers. Lender-paid compensation plans pay brokers from 0.50% to 2.75% of the loan amount, he says.

You can also choose to pay the broker yourself. That’s called "borrower-paid compensation."

"If you’re shopping a mortgage broker, you want to ask them, 'What's your lender-paid compensation rate [and] what's your borrower-paid compensation rate'," Bettencourt says. "They could be the same rate. But you need to do your due diligence [and shop around]."

The competitiveness — and home prices — in your local market will have a hand in dictating what brokers charge. The nation's coastal areas, big cities and other markets with high-value properties may have brokers fees as low as 0.50%. In the other direction, though, federal law limits how high compensation can go.

"Under Dodd-Frank … brokers aren’t allowed to make more than 3% in points and fees,” Bettencourt says. That restriction was put into the financial regulation law as a result of the predatory lending that triggered the housing crash. It originally applied to mortgages of $100,000 or more, though that threshold has risen with inflation.


1 Likes - 0 Comments- 246 View


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-11-02 04:39:11

Mortgage brokers are licensed financial professionals. They gather documents, pull your credit history, verify income and apply for loans on your behalf.


1 Likes - 0 Comments- 256 View


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-09-28 20:03:21

The Risks of Not Including Financing Contingency When Buyer is Reliant Upon Financing


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-09-22 18:11:45

Should You Refinance Your 30-Year Mortgage To A 15-Year Mortgage Or Just Send In Extra Payments?


2 Likes - 1 Comments- 286 View


gust
mohamad gorzin
mohamad gorzin

Shared publicly - 2020-09-26 10:25:27

mmd`s test


Ali Abbasi
Ali Abbasi

Shared publicly - 2020-09-22 18:09:57

Should I REFINANCE my MORTGAGE? It's a popular question on the minds of millions of homeowners with mortgage rates at historic lows. But, is REFINANCING your MORTGAGE right for you?


1 Likes - 0 Comments- 290 View


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-09-22 17:38:42

This is going to be amazing guys :)


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Ali Abbasi
Ali Abbasi

Shared publicly - 2020-05-21 06:05:56

Federal student loans are an investment in your future. You should not be afraid to take out federal student loans, but you should be smart about it.

Federal student loans offer many benefits compared to other options you may consider when paying for college:

The interest rate on federal student loans is fixed and usually lower than that on private loans—and much lower than that on a credit card!

You don’t need a credit check or a cosigner to get most federal student loans.

You don’t have to begin repaying your federal student loans until after you leave college or drop below half-time.

If you demonstrate financial need, the government pays the interest on some loan types while you are in school and during some periods after school.

Federal student loans offer flexible repayment plans and options to postpone your loan payments if you’re having trouble making payments.

If you work in certain jobs, you may be eligible to have a portion of your federal student loans forgiven if you meet certain conditions.


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Mohsen Gorzin
Mohsen Gorzin

Shared publicly - 2020-05-21 07:19:15

how to get federal student loans?


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Ali Abbasi

2021-04-22 05:58:33

    Mortgage Rates

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Ali Abbasi

2020-10-13 19:09:31

    mortgage rates

2

Votes

1

Answers

391

Views

Mohsen Gorzin
Mohsen Gorzin

2020-10-13 19:09:31

2020-10-14 09:49:08

TD Bank HELOCs are only available in 15 states on the East Coast, plus Washington D.C., but it is the best regional lender on our list because there is no minimum draw, and you can access a credit line between $25,000 and $500,000. There is an annual fee of $50 on lines of $50,000 or more, and an origination fee of $99, though.  You may also pay an early termination fee of 2% of the HELOC amount (up to $450) if you pay off your balance within 24 months of the date it’s opened.

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null null

2020-09-10 18:06:18

    Automobile Loan Rates

3

Votes

5

Answers

7043

Views

Ali Abbasi
Ali Abbasi

2020-09-10 18:06:18

2020-09-10 18:20:25

My reply

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Ali Abbasi

2020-07-13 04:25:44

1

Votes

2

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638

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Ali Abbasi
Ali Abbasi

2020-07-13 04:25:44

2020-07-24 20:49:47

Find an agent and apply for the loan. Call me if you need more information.

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Ali Abbasi

2020-07-24 20:47:45

0

Votes

12

Answers

953

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Ali Abbasi
Ali Abbasi

2020-07-24 20:47:45

2020-07-24 20:48:29

1. Know your credit score Before you begin the shopping process, it’s important that you know your credit score. On Bankrate, you can get your free credit report and credit score, and also learn more about the factors behind your score. There may be factors you’re able to address immediately, like making delinquent payments. Taking action to repair your credit score before you begin shopping can help you find a more favorable position with some lenders. 2. Research, research research It’s important that you prepare as much as possible so you’re not caught off guard when the time comes to negotiate. Research should include key terms, like Annual Percentage Rate (APR), which refers to a loan’s yearly interest rate. If you’re buying used, it also helps to know the Kelley Blue Book value of your preferred car. Our auto loan resources page offers a wide variety of articles, quizzes and calculators, all designed to help you make a more informed purchase. 3. Shop around Once you begin the shopping process, don’t just limit yourself to just one lender. There are a variety of lenders that offer car loans for bad credit. And they may want to compete for your business. Even two candidates with an identical credit score may not be the same in the eyes of a lender, says John Van Alst, staff attorney for the National Consumer Law Center. “Even if your score is tarnished, you may have a better chance than someone with the same score and no (credit) history,” he says. Don’t dawdle — lenders run a hard credit check during the application process. Hard credit checks signal to credit bureaus that a borrower is about to take on more debt, and can result in a dip in your credit score. Draw out the process for too long, and it could become more difficult to negotiate favorable terms. To be safe, we recommend visiting around three different lenders in a 14-day period. 4. Pre-qualify with banks and credit unions “Even if you don’t think you can get a loan, go to your bank, go to your credit union first,” Van Alst says. One of your most powerful negotiating tools can be pre-qualifying for a loan from a bank or a credit union. If you have a bad credit score, it may be difficult to pre-qualify for a car loan with bad credit at a bank. Banks are for-profit organizations and are usually more restrictive in who they lend to. But if you have a relationship with your bank, you may have more luck in finding a manageable car loan. Credit unions are nonprofit organizations usually owned by their members. As a result, they may be more open to lending to a borrower with bad credit. Credit unions do require that their account holders be members, but membership requirements can be easy to meet. 5. Be sure the terms are final If you finance through a dealer, always make sure the terms are final before you sign. If you don’t, you may face higher monthly payments or an increased down payment in the future. It’s known as a “yo-yo scam.” Dealers tell car buyers their financing is not complete and they must accept a higher interest rate. 6. Avoid subprime lenders Subprime lenders can seem like a sure bet to anyone wondering how to get a car loan with bad credit. These lenders usually cater to customers with lower credit scores and can make the car buying process seem easy and stress-free — at first. Subprime car loans can come with sky-high interest rates and aren’t likely to help you improve your credit score. Many subprime loans also use your vehicle as collateral. So if you fail to make payments, you risk losing your car altogether. Always do your research beforehand, and only consider subprime lenders if you are unable to find another financing option. 7. Shop loan terms, not monthly payments Lower monthly payments look good on paper and are usually used to entice buyers. In reality, they may lead to you paying more for your car over the life of the loan. Because car loans for bad credit can come with higher APRs, you may end up paying more than the car’s full value by the end of the loan. When you’re shopping, look for the most favorable terms — usually the lowest APR over the shortest period of time. That way, you’ll have more manageable monthly payments with reasonable interest rates. If you’re unable to find a low APR, you may want to consider shopping for a different vehicle. 8. Bring a friend with you — and consider a co-signer Ask a friend or a relative to go with you, says Massachusetts-based consumer attorney Yvonne Rosmarin. Bringing someone you trust to the negotiating table can help inspire confidence. And confidence, combined with know-how, can lead to more favorable loan terms. If this is someone that you really trust, consider asking them to be a co-signer. Co-signers reduce much of the risk for lenders — they’ll become responsible for the loan should you default on your payments. Adding a co-signer can be a strong negotiating tool, and usually results in a lower interest rate. Be absolutely sure you can make payments before taking on a co-signer. If you fail to make payments and the debt falls on them, it can permanently damage your personal relationship 9. Look out for add-ons and scams Nonprime buyers are more likely to encounter lending contracts with non-essential goods and services, says Josh Frank, former senior researcher for the Center for Responsible Lending. Other costs, such as car insurance rates, can pile up for nonprime buyers. Never allow the loan to be contingent on purchasing any add-on, such as extended warranties, after-market services, and even car insurance. Bad credit doesn’t have to result in bad terms Unfortunately, if you have bad credit, it may be tougher for you to get a car loan. You may face less favorable terms or even predatory lending practices. The good news is that coming to the negotiating table with preparation and research can help you find a loan with a much lower rate. First, find the loan that’s right for you, and pay it off to help boost your credit score. At that point, consider refinancing. You might find a loan with even better terms.

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Ali Abbasi

2020-07-07 06:40:50

Ali Abbasi
Ali Abbasi

2020-07-07 06:40:50

2020-07-07 06:41:30

Location of home. The home must be located within one of the USDA’s designated rural areas to be eligible for a USDA loan. Down payment. No down payment is required for eligible USDA properties and buyers. Mortgage insurance. USDA loans do not require mortgage insurance. Guarantee fee. An upfront fee of 1% is charged for a USDA loan, along with an annual fee of 0.35% of the loan amount. These fees are similar to mortgage insurance charged on an FHA loan, with the upfront fee typically financed, and the annual fee rolled into the monthly mortgage payment. Credit score. USDA mortgage loans require a minimum credit score of 640 for automatic approval — provided employment and income requirements are also met. However, homebuyers with lower credit scores may still be approved if a temporary hardship (such as an illness or job loss) impacted their scores, or the new housing payment is less than what the borrower is currently paying. Income. Two years of job and income history is the norm for USDA loans. All household member’s income must be considered, regardless of whether or not they apply for the loan. USDA loans have income limits, which vary by city, county and family size. Find out the income limit for your area using USDA’s map tool. DTI ratio. The maximum front-end ratio for USDA loans is 29%, while 41% is the maximum back-end ratio. Borrowers who have higher DTI ratios may still qualify with a credit score of 680 or higher, and large cash reserves and a stable income history. Occupancy. USDA loans can be used for primary residences only.

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Ali Abbasi

2020-07-04 14:20:29

Ali Abbasi
Ali Abbasi

2020-07-04 14:20:29

2020-07-04 14:21:29

No. The OCC does not make individual credit decisions. We encourage national banks and federal savings associations (collectively, banks) to make prudent loans to sound borrowers, but we cannot require banks to extend credit to individuals or businesses. More on on how to get answers: www.ratesfeed.com

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Ali Abbasi

2020-06-30 06:44:44

    Personal Loan Rates

Ali Abbasi
Ali Abbasi

2020-06-30 06:44:44

2020-06-30 06:45:28

Just apply for it, it's easy!

As a manager, Ali already has the essential characteristics: smart and analytic, fast and responsive, intelligent risk-taking, and a real team player. He knows how to bring the best out of the members of his team, by inspiring and mentoring them.