0%-10% Downpayment Options for Your Next Home Purchase

You do the math, then check the balance in your savings account, and then do the math again. By your calculations, it’ll take another three, maybe five (!) years to save enough for a 20% down payment on your first home. What’s worse, home prices keep rising, and that’s pushing the timeline further away. If […]

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30 Year Fixed Mortgage Rates Quickly Heading Towards 5%

Mortgage Rates Recap and Outlook For the Week Ending April 27, 2018 30 Year Fixed Mortgage rates for Conforming Loans (Loan Amount $453,100 and below) climbed to the highest levels since September 2013. 30 Year Fixed Mortgage rates for Jumbo Loans (Loan Amount >$453,100) climbed to the highest levels since January 2014. The 15 Year […]

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How to Qualify for a Mortgage with an IRS Repayment Plan

Whether you filed your completed taxes this April or an extension, you should already know your tax liability for the past year. If, despite your withholding or quarterly payments, you owe more than you can pay all at once, don’t panic. It’s not the end of the world even if you’re planning on applying for […]

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Mortgage Rate Recap and Outlook For Week Ending April 20, 2018

Mortgage-backed securities have languished in the same trading ‘rut’ for the last ten weeks. What’s important about that is the top of the ‘rut,’ and the bottom of that ‘rut,’ and here’s why. As the markets react to the release of economic indicators, national, and global news, bonds, and mortgage-backed securities have been rising and […]

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A Mortgage Pre-Approval Approves You For Only One Number and That is NOT the Purchase Price

You’re finally ready to become a homeowner, and you want to do everything right in the process. According to your research, realtor, family, and friends – the first step is getting pre-approved by a mortgage lender. The problem is, no one can explain what exactly ‘pre-approved’ means. You’ll find some of the answers in these […]

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My Offer for a Home Purchase Is Accepted! Now What?

You finally get the call from your Realtor and hear the words “They accepted your offer!” It’s been a long, hard road to find a home you love, and harder still for a seller to agree to let YOU be their buyer. Now you’ve crossed this hurdle, but you’re not sure what happens next. Does […]

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Mortgage Rate Recap and Outlook For Week Ending April 6, 2018

The markets continue to be impacted primarily by trade war fears, as China fires back this week with a list of trade tariffs against US goods after the US announced new tariffs on Tuesday. Both countries have not immediately implemented the tariffs, setting the stage for talks that will likely produce new formal trade agreements. […]

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California Median Home Price by County

The median home price in California has reached its highest level since 2007, coming in at $522,440 for February 2018 (data compiled by the California Association of Realtors – CAR.) That’s an 8.8% increase, year to year, from February 2017, when the median home price in the state was $480,270. The peak of the market […]

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Mortgage Rate Recap and Outlook For Week Ending March 29, 2018

The markets will close ahead of the long weekend at 2 pm EST on March 29th, and traders began ‘parking” money in the bond market late Wednesday, the 28th. That means the market will react to the economic data released this week until Monday, April 2nd. We’ll see traders moving money out of bonds and […]

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Calculating Your Profit When Selling Your Rental Property

If your rental property investment goal is to reap a big profit when you sell, then understanding your potential taxes upfront is critical. Just knowing you’ll pay a tax on any gain you earn and the general tax rate is not enough preparation. You need to look at capital gains, depreciation recapture, net investment income […]

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