Buying a home, buying real estate
The Federal Housing Administration announced that it will raise premiums by 10 basis points, or 0.1%, on most of the new mortgages it insures. A 30-year, fixed-rate mortgage with 5% or more down will now require an annual insurance premium of 1.3% of the outstanding balance. A mortgage with less than 5% down will require a premium of […]
Mortgage Fees Are Increasing Read More »
DQNews posted a summary and numbers on Feb 6, 2013 discussing that the number of homes purchased without financing is at a record high. “Cash purchases accounted for a record 32.4 percent of California’s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 percent
Record Number of Homes Bought With Cash in 2012 Read More »
Main stream financial news is reporting large numbers of investors taking income gains this year to avoid the likely higher taxes next year. Stocks with high dividends are less popular because of the higher taxes dividends will be subject to. http://finance.yahoo.com/news/investors-rush-beat-threat-higher-015536775.html Appreciation on real estate is not taxed until it is sold. Generally there are
Tax Changes Could Push House Prices Higher Read More »
Have you tried to decide between buying a new house or having one built? If you invest the time and money in building a new house you will want to have some confidence that spending the money to build it will create value which can be sold. I’ve looked at homes which sold with a listed age
Buy or Build a New House? Read More »
When interest rates are low, there are significant advantages for both buying and selling real estate. A buyer has a double advantage from the low interest rate: monthly payments are lower and equity builds quicker even with the lower payment. During the first 5 years of a 30 year mortgage, equity builds nearly twice as
Good time to buy or sell real estate? Read More »
