Entries by Dennis C Smith

Can we refinance to settle our divorce?

Question of the week:  Can we refinance to settle our divorce?  Answer:  Yes. No. Maybe. One area of life that has been impacted by the pandemic has been marriage. Whether it is because couples discovered they were incompatible after being secluded together for 24-hours a day, 7-days a week, for more than a year, or […]

What is a jumbo loan?

Question of the week:  What is a jumbo loan?  Answer:  With real estate prices jumping up significantly over the past eighteen plus months in Southern California, and across the country, many homebuyers are hearing, “you will need a jumbo loan for financing.” What is a jumbo loan? Jumbo is a generic term for a mortgage […]

Should we pay extra on our mortgage?

Question of the week:  Should we pay extra on our mortgage?  Answer:  This is a question we answer every few years and it has come up recently from a few clients. The main reasons people say they want to pay down their mortgages are to get rid of the monthly payment, reduce the amount of […]

Are Seller rent-backs a good idea?

Question of the week: Are seller rent-backs a good idea? Answer:  In March we wrote about different options buyers could use for their offers to increase the chance of getting their offers accepted. One of the options was to put in your offer, or convey to the seller through your agent, your willingness to let the […]

Should we put our rental property into an LLC?

Question of the week: Should we put our rental property into an LLC? Answer:  As many of you know, LLC stands for Limited Liability Company, which is a legal entity has some components of a corporation, a partnership and sole proprietorship. Like each of those entities, LLCs have plusses and minuses depending on the purpose of […]

What happened to your solar project?

Question of the week: What happened to your solar project? Answer:  Some WR&MU readers may recall that last September are question of the week was, “Should we get solar?” In the response I stated that Leslie and I were meeting that afternoon with a representative from a company Southern California Edison contracted with to work with […]

What are points and do I have to pay them?

Question of the week: What are points and do I have to pay them? Answer:  Before we answer what points are let’s answer if you have to pay them. No, you do not, but read on to see if it is better to pay points or not pay points. This question has come up more frequently […]