Oct 30

Lender or Broker?

Make an Informed Decision When it comes time to look for financing for your upcoming purchase, there are a couple of options. You can go directly to a lender or use a mortgage broker. Your real estate agent may have a list of good lenders and mortgage brokers in your area. In addition, most major …

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Oct 29

Real Estate Economic Update

Last Week in the News The South Gate Real Estate Market is looking good. Existing home sales rose 4.3% in January to a seasonally adjusted annual rate of 4.57 million units from a downwardly revised 4.38 million units in December. The inventory of unsold homes on the market decreased to 2.31 million, a 6.1-month supply …

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Oct 29

Bank of America Extends Modification Offers

More Than 200,000 Bank Customers May Qualify for Principal Reduction Under Government Agreement With Large Mortgage Servicers CALABASAS, Calif., May 08, 2012 (BUSINESS WIRE) –Bank of America Home Loans has begun reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under terms of a …

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Oct 28

Realtor.com Issues Winter Home Buyer Report 2013

Realtor.com released the results of its Winter Home Buyer Report, which explored sentiments of home buyers looking to buy a house during the winter months. Survey results from more than 1,300 respondents reveal that lingering conditions of this past home-buying season are setting the tone for winter home buyers including inventory challenges and all-cash offers. …

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Oct 28

SHORT SALES NOT SUBJECT TO STATE OR FEDERAL INCOME TAX FOR CANCELLATION OF DEBT

Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax for cancellation of debt. The FTB’s position conforms with the federal treatment of short …

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Oct 27

HOW TO START CALIFORNIA DREAMIN

Let s say you re thinking about buying your first house or condominium. The process of buying real estate can be an extremely rewarding experience, both from a personal and financial standpoint. Why Buy There are many reasons you may wish to buy a home, whether you need or want: A place to live Feeling …

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Oct 27

Real Estate Syndication – Becoming a Promoter

Question What’s the best kind of partner for me? Answer The best kind of partner is someone who has opposite or complementary types of skills. For example, if you are an expert in the real estate market and you don’t have great capital-raising skills, then you should absolutely find some one who has strengths where …

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Oct 26

8 Tips for Finding Your New Home

By: G. M. Filisko A solid game plan can help you narrow your homebuying search to find the best home for you. House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at the best price. These …

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Oct 26

Find the Home Loan that Fits Your Needs

By: G. M. Filisko Understand which mortgage loan is best for you so your budget is not stretched too thin. It’s easier to settle happily into your new home if you’re confident you can afford it. That requires that you understand your mortgage financing options and choose the loan that best suits your income and …

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Oct 25

Q-A Series – MORTGAGE INSURANCE

Q. WHAT IS MORTGAGE INSURANCE Mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. It’s required primarily for borrowers making a down payment of less than 20%. Q. HOW DOES MORTGAGE INSURANCE WORK IS IT LIKE HOME OR AUTO INSURANCE Like home …

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Daniel Andrade, REALTOR® DRE #: 01849983
Century 21 My Real Estate Co
7825 Florence Avenue, Downey , CA 90240
call today 323-215-9836
daniel@mynewhouses.com

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