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...]

Pleasanton and Dublin, CA Mortgage Rates and News This Week – August 26, 2013

Pleasanton and Dublin, CA Mortgage Rates and News This Week – August 26, 2013

Last week brought mixed economic news moving interest rates for Pleasanton and Dublin, CA home shoppers and clients looking to refinance. Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the … [Read more...]

A Look At Last Week and Pleasanton Mortgage Rates This Week – August 19, 2013

A Look At Last Week and Pleasanton Mortgage Rates This Week – August 19, 2013

Last week wasn't kind to stock market investors, and  mortgage backed securities down 182 basis points from Fridays close. Weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed, the lowest level in nearly six years. In short, mortgage rates jumped higher. Here is a … [Read more...]

Pleasanton Mortgage Rate News- August 12, 2013

Highlights of economic news that influenced mortgage markets from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending … [Read more...]

Pleasanton Mortgage Rate News- August 5, 2013

The past week brought encouraging economic news from several sources causing pressure on Pleasanton mortgage rates. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing or "Tapering" program and ADP reported more private sector jobs … [Read more...]

Bay Area Mortgage Rates and News This Week – July 15, 2013

Bay Area Mortgage Rates and News This Week – July 15, 2013

The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy. The minutes indicated that about half of meeting participants wanted to end … [Read more...]