1-888-808-8062

Calculating the Cost of Buying a California Home

Cost of Ownership Home prices continue to rise in California, not nearly at the pace we experienced in 2013, and not quite as much as many home sellers would like. At any rate, as home prices increase, so do downpayment and closing costs as these variable expenses are tied to the sales price, or financing of the home. The timing of the market is critical for first time buyers, and low to moderate income families trying to become homeowners, as affordable housing slowly...

Creative Ways to Pay for Downpayment and Closing Costs

More Than Assistance There are many ways that you can raise the money to cover your down payment or closing costs without liquidating your personal savings. Downpayment and Closing cost assistance programs are also available options, but only if you meet the income and loan amount limits. I really want to dig deeper and talk about sources that can be used for down payment or closing costs that you might not have thought of. Here's a list of common, and creative ways to come...

3 Ways to Buy a California Home for $1,000 Out of Pocket Cost

Cost of Ownership Coming up with a down payment and closing costs for the purchase of a home in California is not always about whether or not you can come up with the money, but whether or not you want to liquidate all of your savings, or call in all of your favors. Sometimes it's just about leveraging the resources available to you, so that you can can reduce or eliminate the money required for the down payment, or closing costs required to purchase...

More Women Are Taking Control of Their Finances

As women’s economic, political and social power increase, they’re also taking a more active role in their finances. According to the recent Ameriprise Financial Women and Financial PowerSM study, women of all generations are involved in financial decision making — either shared or on their own — in their households. In fact, among the Boomer, Gen X and Millennial women surveyed, only 4 percent said they weren’t involved in financial matters. More than half (56%) share in making financial decisions with a spouse...

What Does an Unstable World Mean for the Markets?

Sign of the Times The past few months have seen a number of troubling situations develop around the world. Russia’s involvement in the Ukrainian conflict has continued, and recently airstrikes began against the Islamic state extremist group in Syria. The growing list of global concerns may add to a sense of unease for investors. Despite these issues, stock markets continued to soar to new highs through the middle of 2014 with the Dow Jones Industrial Average topping 17,000 for the first time on July...

Tips for Managing the Costs of Your Kids’ Sports

Pay to Play? At a time when so many children are involved in organized sports, and often more than one, how can you make sure you’re not breaking the bank to fund these extra-curricular activities? Not to mention if you have more than one child in numerous sports. Back in the day, kids often honed their athletic skills at the neighborhood park. Organized sports teams, camps and clinics have now replaced parks and pick-up games. What’s more, the cost of youth athletics, like...

5 Reasons Why Your Pre-Approval Might Be a Lie

Need Assistance? We get calls, emails and comments on this website almost every week from homebuyers that claim to be pre-approved with another lender, except that the lender does not offer down payment assistance programs. The trusting, and unsuspecting homebuyer ventures off onto the internet in search of downpayment, or closing cost assistance programs to help them buy a home. This scenario is really saddens me for the simple fact that you are NOT Pre-Approved, and your lender is lying to you.  Plain...

Create a Plan to Cover the Necessities of Retirement

Planning for Retirement What’s going to happen when your paycheck stops? It’s one of the biggest questions that people nearing retirement have. It’s difficult for people to imagine what life will be like when they start to withdraw money from their hard-earned savings. For many, the feeling of anxiety often comes from trying to determine whether they have enough to cover essential living costs that will continue in retirement. Many people would consider these the basics of day-to-day living. They include: Food, shelter and clothing...

How to Remove Home Loan Mortgage Insurance

What is PMI and MIP? Both Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP) accomplish the same thing, which is to allow home buyers and homeowners the ability to borrow more than 80% of the value of the home. PMI and MIP are insurance policies that the borrower is required to pay the premiums on, that protect the lender in the event of a mortgage default. PMI is exclusive to Conventional mortgages using Fannie Mae, or Freddie Mac underwriting and qualifying methods,...

Does Your Agent Understand Buyer Assistance?

Survey Says..... I ran across an article the other day that really reinforced something that I see every single day, real estate agents do not understand California buyer assistance loans and grants. Over 150 real estate agents were polled in the U.S.  by TD Bank to help lenders understand Agents' perspectives surrounding the housing market, and offer insight about Realtors' understanding of lending options, specifically affordable lending programs designed to help more buyers get into homes. According to the survey, nearly 70 percent of the agents polled...

« Previous Entries

Follow

Get every new post delivered to your Inbox

Join other followers: