Mt. Shasta #50 With few crowds and mind-boggling natural wonder, this California mountain town beckons visitors to head north. Though California is a wildly popular destination, few folks head further north than San Francisco—but what a Continue Reading
Waiting for the mortgage rates to come down before you buy a home may not be a good decision. If you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the appreciated price increase. As of Continue Reading
A soft second loan, sometimes called a silent second, is subordinate to the first mortgage, whose payment is deferred or forgiven until a specific date or the resale of the property. This would mean that buyers would not have to contend with regular payments thereby Continue Reading
Sellers try to rationalize not making needed updating and repairs to their homes before marketing them by saying they are going to let the buyers make their own personal choices. It is a convenient story to justify not going to the effort for the Continue Reading
Appreciation and amortization are key factors in building equity for homeowners with mortgages. As the home goes up in value due to appreciation and the unpaid balance goes down due to amortization, the equity increases. Appreciation is the increase in value of Continue Reading
While updating and remodeling certainly makes a home more enjoyable and livable, and increases the value, homeowners should not expect to recover 100% of the cost of the remodeling. Certainly, remodeling and updating makes a home sell faster, some of the Continue Reading
Existing FHA and VA mortgages are assumable at the note rate to owner-occupied buyers who qualify. This can be an alternative to paying higher, current rates and benefit buyers with lower closing costs while saving money on the payment. For the last 20 years, Continue Reading
