If you're buying a home in Roseville or anywhere else in the county, Placer County property tax starts at 1% of your assessed value, and the rest of the bill depends on the parcel's location. In...
If you're a dentist getting ready to buy a home, a dentist mortgage can offer as little as 0% down and no mortgage insurance, up to a 2mm loan amount.
If you're checking whether you qualify, the core reverse mortgage requirements for an FHA-insured Home Equity Conversion Mortgage (HECM) are that you're 62 or older, the home is your principal...
I was skimming a mortgage subreddit recently (big mistake, I realize), and among the many unhinged, angry comments was this: “I f****ng hate mortgage insurance; it’s such a scam!”
In the late 1800s, almost half of the American workforce was in agriculture. Today, less than 2% of America’s workforce is in ag. Mechanized farming (trucks, tractors, combines, etc.) freed...
When you send your bank statements to a lender, the underwriter (the person who reviews and approves your loan) is looking for two answers. Do you have enough money for the down payment, closing...
Americans still spend more than $500 billion a year on remodels and home improvements, according to Harvard’s Joint Center for Housing Studies. Improvements before or after a purchase or sale...
If you're moving to California, expect both higher income and higher costs than in most of the country. California's median household income was about 23% above the national median in Census data for...
If your home is worth more than HUD's limit for a Home Equity Conversion Mortgage (HECM), a jumbo reverse mortgage is a private reverse mortgage that can let you borrow against more of that value....
If you’re 62 or older and weighing a reverse mortgage vs. a HELOC or home equity loan, the biggest difference is the monthly payment. A reverse mortgage has no required monthly mortgage payment,...
For homeowners 62 and older, a reverse mortgage offers a distinct advantage: access to your home equity without a required monthly mortgage payment. That flexibility comes with trade-offs, however....
I. The New Appraisal Form (UAD 3.6) Is Nothing To Worry About. I blogged about it in August, but I am touching on it again because we have been getting questions. TLDR: The new form will...
If you’re buying in Santa Clara County and trying to estimate your property tax bill, don’t use the seller’s current bill as your guide. Once you buy, your assessed value generally resets to...
We live in the most interesting time ever for financial markets. Today is a case in point; if you don’t find today’s blog fascinating, I will refund your money. I. Interesting Thing #1:...
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