Question of the week: Why do I need title insurance? Answer: This is a common question I have been asked my whole career and it has come up in a few conversations lately as more new home owners enter the market. Every buyer and seller in a real estate transaction sees charges for a title […]
Question of the week: If you run a credit report will it mess up my score? Answer: This is a very common question for us to hear from clients during conversations for preapproving and determining options for refinances. Because there is so much misinformation regarding credit scores some people are over cautious for any credit […]
Reminder property taxes must be received by Monday! If you need more info see email I sent this morning or contact me! Question of the week: How does a bond measure impact me as a homeowner? Answer: It is that time of year in California, property taxes are due this week and in coming weeks/month […]
Question of the week: We had a short sale several years ago, can we get a loan to buy a home? Answer: Regular readers of the Weekly Rate & Market Update know the immediate answer this question: Yes. No. Maybe. Fannie Mae and Freddie Mac have had a revision on their guidelines for how long […]
Question of the week: Should I co-sign for my son/daughter’s mortgage? Answer: Yes. No. Maybe. Like most questions involving mortgages, real estate and finances in general, the answer is very situational. It is not unusual for parents to want to help their children purchase their first home, especially in areas such as Southern California where […]
Question of the week: Should I get earthquake insurance? Answer: In the fall our question of the week was if you should consider flood insurance with El Nino in effect (so far the insurance companies are winning on Southern California policies). Since California is on Eastern edge of the “Ring of Fire” there of course […]
Question of the week: When should I refinance my adjustable rate mortgage? Answer: This is always a challenging question to answer, and like most questions the answer is very situational from person to person. Those who have been in adjustable rate mortgages for the past several years have seen extremely low rates as the indices […]
Question of the week: When should I throw away financial and tax documents? Answer: NEVER! Never throw away any document that has any financial or personal identification information such as your social security number, ALWAYS SHRED THEM. Okay, perhaps that was a bit over the top, but before I get to how long you should […]
Question of the week: I’m doing my taxes, what is deductible from my transaction last year? Answer: I am not a Certified Public Accountant, nor a professional tax preparer. Depending on your situation the following items may be deductible when you file your taxes: • Mortgage Interest • Origination/Discount Points • Mortgage Insurance Premiums • […]
Question of the week: Why is my loan approval delayed because I filed my taxes? Answer: We are at this time of year when filing your tax returns if you are getting a mortgage can create a problem. For most people, those who are salaried and on W2s it is not much of an issue. […]
