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10 Years of Homeowner Equity

$849,971 of Equity After 10 Years of Home Ownership

$849,971 in Total Homeowner Equity 10 Years After a Home Purchase In San Mateo County Purchase a $1,000,000 Home $200,000 Down Payment $480,244 in Appreciation $169,727 Paid on Principle Total Equity $849,971 Mortgage Payment for a $800,000 loan $3600 vs Rental Rate = $4000 For a homeowner, property taxes and mortgage interest are deductible. Consult your […]

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First Time Buyer

First-Time Home Buyers Face New Challenges

This August 2016, the share of first-time buyers jumped to 51%. Last August, 35% of buyers identified themselves as first-time buyers. If there’s one thing that characterizes the residential real estate market in recent years, it’s that the supply of homes for sale has been low, low, low. Inventory might be low, but demand is […]

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Mortgage Interest Rate

US average 30-year mortgage rate declines to 3.44%

The average 30-year fixed-rate mortgage declined to 3.44% from 3.46% last week, according to Freddie Mac. The average rate is down from 3.90% a year ago, and is close to its all-time low of 3.31% in November 2012 Sept 8 2016         3.44% Sept 1 2016         3.46% Sept 2015            3.90% Nov 2012             3.31% The […]

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FHA House

What’s the Story with FHA?

“The FHA is the next subprime.” Untrue. “The FHA caused the housing crisis.” Also untrue. What is FHA? The Federal Housing Administration, which was founded in 1934, is part of the U.S. Department of Housing and Urban Development. The FHA insures loans made by the private market; it does not itself lend money. Its purpose […]

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New Tool to Help Buyers Bridge Down Payment Gap

California Association of Realtors (CAR) launched the California Mortgage Resource Directory. Learn about the various home buyer assistance programs. This search tool can identify available mortgage finance programs in your target real estate area, saving you the time from searching countless municipal and state websites. Let us help you open the door to home ownership. […]

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