The Surprisingly Simple Evolution from Renting to Home Buying. As a long-time tenant you might not expect that you could be comfortable with the home buying process. But in my experience folks who have rented for years are often the most conscientious and well-informed home buyers. After working with several long-time renters-turned-buyers recently, I’ve come… Read More
And the Winner is… The Number 1 Influence on 2017’s Real Estate Market The facts of financing are undeniably influential but the nuances are really what shape the Real Estate Market. Mortgage interest rates rise and fall regularly, and though we’ve had several interest rate drops in recent weeks, all the news is about rising… Read More
PACE For Energy Efficiency- the Good, the Bad and the Ugly. How is green construction and energy efficiency in the building industry like smog in LA? It hovers over and permeates every new construction project and is impossible to ignore. Most buyers of New Construction homes not only expect clean and green energy efficient features… Read More
From: A heads-up for Home Buyers on www.yourValleyProperty.com Even before the actual application process begins, there are things that you can do, and personal, financial details that you’ll want to discuss with your lender. These will include assessing your credit score, work history, verifying cash available and reviewing tax returns. When you do finally formally… Read More
Earlier this year, the CFPB issued one of its regular bulletins, announcing a range of financial rules for financial institutions Just by knowing the rules, you can learn how to take care of yourself. Below are some of the highlights. Regulation Z Reins in Mortgage Originators This regulation “prohibits a loan originator from receiving compensation… Read More
from ‘Not Your Daddy’s Home Selling Tips‘ on yourValleyProperty.com Be the Bank. Under very specific circumstances it may be in your best interest to consider acting as the mortgagee. This is commonly known as a carry-back. My best advice if you’re considering this would be to talk with a financial consultant and an attorney before… Read More
Though you may be willing to spend a certain amount, the real determination of how much house you can buy is driven by how much a lender calculates you can afford. Gone are the days when “creative financing” could be used to manipulate your credit worthiness or your ability to buy a home. Government regulation… Read More
