Question of the week: What tax benefits for homeowners are in new tax bill? Answer: After inter-party wrangling and horse trading the ridiculously named One Big Beautiful Bill has been signed into law, and there were some benefits for homeowners. For California residents the biggest benefit as a homeowner appears to be the increase of […]
Question of the week: Where are rates headed? Answer: That is the multi-hundred billion, or several trillion, dollar question being asked around the globe. The Federal Reserve gets a tremendous amount of attention, and credit and blame, for interest rates, sort of like an NFL quarterback. Yes, they control the proverbial football and can hand-off, […]
Question of the week: What about mobile homes? Answer: After reading last week’s WR&MU How can we help our children purchase a home?, weekly reader Leslie (besides wife Leslie, I know a lot of Leslie’s) asked me, (at least think this was the question as we were at Long Beach Rotary President’s Party with a […]
Question of the week: How can we help our children purchase a home? Answer: This is a question we repeat every two or so years as parents and their children age and more of my clients now have children of home-buying age. As well, with the ever increasing, property values in the region, many young […]
Question of the week: How can I keep my/our house? Answer: Through the thirty-eight plus years of funding mortgages, I have worked with over one hundred clients where our loan helped them keep a property. Many reading this are probably thinking the loans were to prevent foreclosure, and yes in a very few instances we […]
Question of the week: What should we look out for when buying a condo? Answer: When you purchase a new home, you enter into business relationships. Unless you are paying cash, you enter a business relationship with a lender. You enter into a business relationship with your neighbors, depending on distance, the further the distance […]
Question of the week: Should I use my VA eligibility to buy or refinance my home? Answer: Probably. As we honor our fallen heroes this weekend, it is timely to review the tremendous benefit awarded our active duty and Veteran members of the military. Quick overview of VA loans. Back to our question of the […]
Question of the week: How much more is it to buy a home this year from last? Answer: Using the most current sales data from the California Association of Realtors, sales from March of this year, and comparing to March of last year, prices and number of sales are up statewide, up and down in […]
Question of the week: Should we borrower from 401(k) to buy our home? Answer: Maybe. Most 401(k) plans allow for funds to be borrowed for certain life events or emergencies, including purchasing a home. Typically, the guidelines for company plans enable employees to borrow up to half their balance—though some do cap the maximum amount […]
Question of the week: Can we get a Reverse Mortgage 2nd? Answer: Yes, if eligible**. We have had conversations with some homeowners who are age qualified (one signer/occupant 62 years old or older) interest in the financial benefit a reverse mortgage can have, but do not want to payoff their current mortgage with an interest […]
