Mortgage Down payments and Gifts- What you need to know on Gift Tax

I recently received this article from a good friend outlining gift tax and estate planning from Charles Schawb. I found it to have good information that could also answer some questions when it comes to gifting down payments from relatives and what they and you need to know. As always its best to … [Read more...]

Did you Pay All Cash for Your Bay Area Home? Want to Take The Cash Out By Refinancing?

Did you Pay All Cash for Your Bay Area Home? Was the purchase for a second residence or investment property? Would you benefit from taking the cash back out by refinancing to use the money in different ways?   30% of all Real Estate Transactions were all cash   This is a very … [Read more...]

100% Financing on California Mortgage Loans- Down Payment Granted

I am so pleased this loan arrived. 100% financing in 2014.  It is better than the prior, old, poorly executed, NO Down Payment Loans of the past. Banks are now offering 100% financing in California, and the Down Payment is Granted; and all is forgiven immediately at close of the purchase … [Read more...]

Bay Area Mortgage Rate News – NOVEMBER 4, 2013

Bay Area Mortgage Rate News – NOVEMBER 4, 2013

Last week’s economic news affecting Bay Area  mortgage rates came from a variety of sources. Most significant was the Fed’s Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of … [Read more...]

Bay Area Mortgage Rates and a Full Week of Economic Data- October 21,2013

Bay Area Mortgage Rates and a Full Week of Economic Data- October 21,2013

Bay Area mortgage watchers will be on high alert this week. Many of the economic and housing reports typically scheduled were delayed by the federal government shutdown. The National Association of Homebuilders Wells Fargo Housing Market Index for October was released Wednesday with a reading of … [Read more...]