Uncertainty surrounding the debt ceiling caused volatility in the markets, while inflation was hotter than expected in April. Tight supply continues to be a key factor impacting home sales. Here are the headlines. Better Progress to Come on Inflation The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation increased 0.4% in […]
Mortgage Market News Read More »
Prop 19 has brought significant changes to property tax rules in California. If you’re a property owner in the state, it’s essential to understand what these changes mean for you. In this blog post, we’ll break down Prop 19 rules, including property tax transfers, inherited property rules, and the parent-child exclusion. We’ll also explore how these changes could impact your property taxes and what you need to know to stay compliant.
Mello-Roos taxes can add significant cost to owning a property in a new development in California. However, these taxes are an important source of funding for infrastructure projects such as schools, parks, libraries, and public safety services that are needed to support new development.
Homebuyers should be aware of the potential cost of Mello-Roos taxes when considering a property purchase in a Mello-Roos district. These taxes are often paid over a set period of time and can add thousands of dollars to a homeowner’s property tax bill.
Despite the added cost, Mello-Roos taxes provide essential funding for infrastructure projects that benefit the community as a whole. These projects improve the quality of life for residents and make it possible for new development to take place. Overall, Mello-Roos taxes are an important tool for supporting the growth and development of California’s communities.
Mello-Roos. What is it and what should I know about it as a homebuyer? Read More »
If you’re a homeowner paying for mortgage insurance, you may be wondering how to remove it and save money on your monthly mortgage payments. Fortunately, there are several ways to get rid of mortgage insurance, including cancellation based on the original value of your property or cancellation based on the current value of your property.
How to Cancel Mortgage Insurance Read More »
Are you a first-time homebuyer? Investing in homeownership can offer a range of benefits, from building equity and stabilizing your housing costs to enjoying tax benefits and a sense of community. Read on to discover why buying a home could be a smart financial move for you and your family. Don’t miss out on the long-term financial benefits of homeownership – click through to read the full post now
7 Compelling Benefits of Homeownership for First-Time Buyers Read More »
For military members and veterans looking to purchase a home in San Diego County, VA home loans can be an excellent option.
VA Home Loans in San Diego County: A Comprehensive Guide Read More »
House hacking is a strategy for investing in real estate that involves generating income from your home, while you live in it. This is only limited by your creativity. Buying an owner-occupied investment property and renting out the additional bedrooms and/or units is probably the single most effective hack that a median wage-earner can make
House Hacking: What is it? Is it for me? Read More »
What is a non-qualified mortgage (non-QM)? This is a home loan that is not required to meet agency standard documentation requirements as outlined by the Consumer Financial Protection Bureau (CFPB). To understand what a non-QM loan is, we need to look back prior to the Mortgage Melt Down back in 2008. Many remember this as
Non-Qualified Mortgages: The Good, The Bad and The Ugly Read More »
Working with a lender, when done right, is the beginning of a life long relationship. Your personal story has to be a part of the puzzle that a lender should care about if they are truly looking out for your best interest. Buying real estate can set you up for accumulating generational wealth, but there
Top 10 Questions to Ask Your Lender Read More »
Mortgage Rates continue to come down as we head into the last week of 2022. This trend will begin to set us up in 2023 for a healthier housing market ahead. Earlier this year, the 30-year fixed interest rate spiked to a high of 7.08% after the steepest climb in over 40 years. Today, Freddie
Mortgage Rates Continue to Drift Down Read More »