Lenders review and document RSU income by requiring documentation such as W-2s, tax returns, and pay stubs that reflect the RSU income and balance for the past two years. They may also request a vesting schedule and the terms and conditions of the restricted stock agreement.

Understanding Restricted Stock Units (RSUs) for Home Loans: What You Need to Know

Borrower Education /

When it comes to qualifying for a mortgage, many homeowners are surprised by the complexities of using their Restricted Stock Unit (RSU) income. While RSUs can be a valuable component of a compensation package, especially in tech or public companies, their use in qualifying for a home loan can present some unique challenges. In this […]

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Navigating the New Landscape: What the Recent NAR Settlement Means for Homebuyers and Sellers

Borrower Education, Home Buyers, Uncategorized /

The real estate market is undergoing a significant transformation due to a recent settlement involving the National Association of Realtors (NAR). If you’re a homebuyer, seller, or even a real estate professional, understanding these changes is crucial for navigating the complexities of property transactions in this new environment. Here are the key elements of the

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Reverse mortgage options

Leveraging Home Equity in Retirement: The Advantage of HECMs Over HELOCs

Uncategorized, Borrower Education, Home Buyers /

For seniors aged 62 and over, managing cash flow in retirement can be challenging. While Home Equity Lines of Credit (HELOCs) are a well-known method for leveraging home equity, they may not be the best choice for older homeowners due to their variable payment schedules and potential for payment spikes. Instead, reverse mortgages, especially the Home Equity Conversion Mortgage (HECM), offer a more suitable alternative.

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ESTATE PLANNING: 7 Reasons to Put Your Home in a Trust

Borrower Education, Home Buyers /

Considering placing your home in a trust but unsure of the benefits? Discover the top reasons why a trust might be a wise choice for your estate planning. From avoiding the hassle of probate to ensuring privacy and protection against creditors, learn how a trust can offer peace of mind and potentially reduce estate taxes. Dive into our latest blog post for insightful details that could have a significant impact on your family’s future.

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What is Mello-Roos and how does it affect me?

Mello-Roos. What is it and what should I know about it as a homebuyer?

Borrower Education, Home Buyers /

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.

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