by Heather | Sep 30, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … Sales of condominiums and townhomes surged almost 8 percent from last August in California, and are up nearly 5 percent year to date compared to last year, according to the CALIFORNIA ASSOCIATION OF REALTORS’® (C.A.R.) August 2013 resale housing...
by Heather | Jan 9, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … Most lenders require borrowers to pay private mortgage insurance (PMI) on mortgages in which borrowers make a down payment of less than 20 percent. PMI is designed to protect the lender in case the borrower defaults. Once a borrower has made enough...
by Heather | Dec 17, 2012 | C.A.R., TSBOR, TSMLS
Talking Points Homeowners should be wary of anyone selling home security systems door-to-door. According to the state Dept. of Consumer Affairs, the salesperson could be breaking the law and trying to scam homeowners. The department warns homeowners that anyone...
by Heather | Nov 28, 2012 | C.A.R., TSBOR
Talking Points The Federal Housing Administration (FHA), which insures loans for borrowers with low down payments, announced last week that it will exhaust its capital reserves and face a deficit of $13.5 billion, leaving some to wonder how this will impact borrowers...
by Heather | Aug 27, 2012 | C.A.R., TSBOR, TSMLS
Talking Points When it comes to assessing a home’s value, homeowners tend to be overly optimistic. However, appraisers are much more cautious, as they have to predict a realistic value for the home that the bank can use to extend credit to a buyer. There are five...
