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...]

Will I Need Mortgage Insurance on Your Bay Area Mortgage Loan?

Will I Need Mortgage Insurance on Your Bay Area Mortgage Loan?

Have you heard the term Private Mortgage Insurance (PMI) when looking to finance your Bay Area real estate purchase or refinance? You may be wondering what PMI is and how you know when you need to purchase it. These answers can be hard to find among all the real estate jargon you might be … [Read more...]

When Can You Buy Real Estate in California After Foreclosure or Short Sale 2/8/2013

When Can You Buy Real Estate in California After Foreclosure or Short Sale 2/8/2013

If you lost your Bay Area home due to foreclosure, you should not give up on the dream of owning a new home. The good news is that a number of guidelines have changed, which may allow  you an opportunity to buy that new home sooner than you think. Guidelines There are a few guidelines that … [Read more...]

Should I pay my Credit Cards down to a Zero Balance?

In a word: NO! So many people I first speak to and explain to them the importance of their “Debt to Credit Ratio” (balances divided by the limits on your credit cards) tell me—“Oh, I just paid them off!” They naturally believe this is a positive for their credit scores and they will immediately … [Read more...]

Are 15-Year Fixed Rate Mortgage’s or 30-Year Fixed Rate Mortgage Better For Me?

Are 15-Year Fixed Rate Mortgage’s or 30-Year Fixed Rate Mortgage Better For Me?

As a home buyer or refinancing household in Pleasanton, you have choices with respect to your mortgage. Know Your Mortgage Financing Options You can choose a loan with accompanying discount points in exchange for lower mortgage rates; you can choose adjustable-rate loans over fixed rate ones; and, … [Read more...]

Federal Reserve Statement (October 24 , 2012) QE Infinity

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. Fed Funds Remains Unchanged For the ninth consecutive meeting, the vote was nearly unanimous. And, also for the ninth consecutive meeting, Richmond … [Read more...]

Hosing Inventory Drops To Multi-Year Low- Buyers Market Turned “Sellers Market”

As the third quarter closed, home resales showed considerable momentum nationwide. Existing Home Sales JUMP The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year … [Read more...]

Mortgage Rates Continue New Low’s- Pleasanton Mortgage Rates This Week : September 24, 2012

Pleasanton mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high. A series of economic reports showed strength in housing and a stability in jobs. Mortgage Rates Hit Historic Lows Wall Street looked past it, however, to send … [Read more...]