Past Year Price Increases

I receive many questions about the difference between a Pre-Qualified loan and a Pre-Approved loan. A Pre-Qualified status, means you have talked to a lender, and given him all pertinent information for obtaining a loan. Based on the information you have given, you are qualified for a loan of a certain amount.
A Pre-Approved loan, means […]

A common question and misunderstood aspect of the real estate transaction is Down Payment. Standard down payments range from zero for a Veteran to 20% for a typical conventional loan and everything in-between. A major difference, is that the loans with less than 20% down have PMI (Private Mortgage Insurance), that traditionally runs 7/10 of […]

Differences between first-time and repeat homebuyers’ use of the Internet highlight California Association of REALTORS®’ “2005 Internet Versus Traditional Buyers Survey”
Use of Internet by all homebuyers tops 50% for second year
LOS ANGELES (March 29) – Nearly two-thirds of all first-time homebuyers used the Internet as a significant part of the homebuying process, while less […]

Mello-Roos
A home with Mello-Roos, Bond Act of 1915, a special assessment, or an Association Fee can cost the Home Buyer hundreds of dollars monthly and annually. These special assessments have almost become standard on new homes. Many home owners are paying these special assessments and are unaware they are doing so. If you have a […]

HOMEOWNER COULD REAP $8,000 ANNUALLY IN TAX SAVINGS

There are numerous tax benefits of homeownership available to filers, according to a Research Briefing Paper released by C.A.R.’s Research and Economics Dept. In addition to home equity gains that can be shielded from income tax through the sale of a home, there also are interest and property […]