Thomas Feng with Bay Area Connect and Joe Lima of Princeton Capital presenting your weekly Bay Area Financial / Real Estate Update. In this update we will be covering the current interest rates for conforming, agency, and jumbo loans in the Santa Clara County and the rising employment and retail markets. Have a question about [...]
It’s Tuesday News Day and today I’m talking about refinancing, the process of refinancing, and whether it’s a good idea or not. First things first, what is refinancing? Refinancing refers to the replacement of an existing debt obligation with a debt obligation under different terms. When most people think of refinancing they think about changing [...]
It’s Tuesday News Day today and I’m talking about one of the biggest issues first time home buyers have about this housing market, the difficulty of saving up 20% for a conventional loan. For more information on a FHA loan with a minimum of 3.5% down look into my previous blog post. Housing prices have [...]
Photos for New Listings in Saratoga, Campbell, and Los Gatos will start next week. Dear, First Time Home Buyer So you’ve found a good paying job, moved out of your parent’s basement, living independently now, thinking about buying a home but WAIT… you want a new car too don’t you? Yup we’ve all been in [...]
If you ask any home buyer how they started on the road to buying a home you’ll probably get the same response, “We started going out to see open houses on the weekend”. While going out to open houses is really fun and enjoyable it really will not get you any closer to buying a [...]
Calculate your monthly mortgage payments! In a previous post, how will you know when it’s safe to buy a home, I discussed the issue of monthly housing cost vs your monthly household income. The chief affordability rule is that your monthly housing costs must not exceed 32% of your gross monthly household income. The housing [...]
Title insurance. If you are taking out a mortgage to buy a home you will need to buy this insurance. What is title insurance and what is the point of buying it? Many home buyers see title insurance as a junk fee, something you just need to pay in the process of buying a home. [...]
Working in real estate I hear a lot of questions from home buyers about purchasing a home. One of the most common questions I get when looking at homes with buyers is, “Will this item (tv, shed, stereo equipment etc.) come with the home?” Of course many homes on the MLS (multiple listing service) will [...]
