Property Taxes on Inherited Properties
I frequently receive questions regarding the transfer of property taxes on inherited properties, so below are the “broad strokes” of the current California property tax laws. This is not to be construed as tax advise and you should consult with a CPA for verification...
Understanding Proposition 19: Exploring Base Year Taxable Value Transfer in California Property Tax Law
Another part of Proposition 19 that gets quite a few questions is the section regarding, base year taxable value transfer. Below are the “broad strokes” of this section of the California property tax law. This is not to be construed as tax or legal advice and you...
Top Credit Management Tips
Below are the top credit management tips that we share with our clients. If possible, always pay off 100% of your credit card balances on the scheduled payment. The credit card companies will charge interest on the total balance if you make a partial payment. For...
2 Ways to Remove Private Mortgage Insurance (PMI)
Based on "Original Value" PMI is automatically removed once the mortgage balance reaches 80% LTV of the property's value when you obtained the financing. This can occur based on your normal payments or if you make additional payment(s) so that you reach the 80% LTV....
New Loan Level Price Adjustments
You have probably heard in the media that effective May 1st, FHFA (Fannie Mae and Freddie Mac's supervisory entity) issued new loan level pricing adjustments for conventional home loans. The fees paid by borrowers with lower down payments and credit scores have been...
Curious About How Monthly Amortization Works?
Amortization The monthly payment that is set to include: the interest that has accrued and enough principal reduction so that the loan will be paid off during the term of the loan. For example, note the following in the below snippet of an amortization schedule: The...