Tarzana Real Estate
It is believed that Tarzana was named for the movie
"Tarzan King of the Apes." Tarzana doesn't have any real
affiliation with Tarzan, but Tarzan writer Edgar Rice
Burroughs is a famous resident of Tarzana. He owned a
550-acre ranch in the rural area that would become
Tarzana, which he purchased from Gen. Harrison Gray Otis.
Otis, too, was a famous resident of Tarzana, as he was the
founder and publisher of the Los Angeles Times.
If you haven't already, try not to buy a car before you
set out on the journey of buying a house. When your loan
officer is calculating the loan that he or she can give
you, the fact that you have a car payment can severely
diminish the size of the loan you receive. Not having a
car payment will greatly increase your chances of getting
the home of your dreams.
When approving your loan, loan officers look at your
debt-to-income ratio, which is how much of your income you
spend on debt. This includes house payments, credit card
bills and car payments. You might feel that you can handle
the payments, but your loan officer may not and he or she
alone determines how much money you can get for your loan
or if you can get a loan at all.
Try not to make any large purchases right before your
apply for a home loan. This includes weddings, jewelry,
vacations, furniture and cars. Large purchases like this
usually require that you use a credit card, which adds to
your debt. This will negatively affect your debt-to-income
ratio, which loan officers use as their chief
consideration for your loan.
