Question of the week: What is the cost of waiting? Answer: Last week we discussed if we are in a housing bubble and if I thought it could pop and send real estate prices, at least in Southern California, tumbling again. The follow up to that question is, what is the cost […]
Question of the week: Do you think we are in a real estate price bubble that is coming to an end soon? Answer: This question, or some variation, has been asked by several different people in several different settings in the past few weeks. From clients, to real estate professionals, to friends, […]
Question of the week: What is the impact from the falling stock market prices on mortgage rates? Answer: Before we answer the question, let’s do some Econ 101 review on stocks, bonds, rates and markets. Traditionally there is an inverse relationship between stocks and bonds, when stock prices go up, bond […]
Question of the week: What is “tiered” pricing? Answer: There are several axioms in economics, the two most well-known are that supply and demand determine prices and that the greater the risk the greater the return. Both of these axioms determine your mortgage interest rate. Rates in general are determined by supply […]
Question of the week: The tenant is still in the property, should we close? Answer: With real estate values up many investors are selling properties they have been holding onto and renting for several years. As a result we have some issues pop-up on home sale transactions that do not present themselves […]
Question of the week: What are supplemental taxes? Answer: This is a question many buyers ask, whether first time buyers or someone purchasing for the first time in a long time. Before we talk about supplemental property taxes we need to review property taxes. To keep this discussion simple, we are […]
Question of the week: With the new tax laws should I keep my Home Equity Line of Credit? Answer: With the calendar turning to 2018 we are now under the new tax codes signed into law by President Trump in December. There is still plenty of confusion about how the IRS will […]
Question of the week: Should I use a “piggy-back” to buy my new home? Answer: We start our answer to the question with a question many of you may be asking, “what is a ‘piggy-back’?” Last week we discussed mortgage insurance and how conventional mortgages require mortgage insurance for loans that are over […]
Question of the week: Should we be worried about the new tax plan that will cut the mortgage deduction? Answer: With the biggest tax reform plan working its way through the House of Representatives and the Senate it is no surprise that various aspects of what have been released and talked about so far […]
Question of the week: Do you know someone who can help me with…? Answer: This is a question I am asked not infrequently from people looking for some type of professional advice or representation, and the answer is, Yes. Yes, I do know someone who can help you with… One of the benefits of being […]
