by countyproperties | Oct 19, 2012 | Finance, Real Estate news
Learn the most important takeaways for REALTORS® when it comes to the 3.8% tax that’s part of health care reform: When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you...
by countyproperties | Oct 13, 2012 | Current Affairs, Finance, Latest News
Bank of America to extinguish up to 150,000 second liens Borrowers with second liens owned and serviced by Bank of America may qualify to get their subordinate debt extinguished entirely. The banking giant mailed 150,000 letters to pre-qualified homeowners who are...
by countyproperties | Oct 13, 2012 | Finance, Latest News, Real Estate news, San Diego Real Estate
Thelatest housing scorecard reflects an improving market, with rising home values taking homeowner equity to its highest level since the third quarter of 2008. Homeowner equity jumped $406 billion, or 5.9%, to $7,275 billion in the second quarter. The number of...
by countyproperties | Oct 13, 2012 | Finance, Latest News
The rate lock might be the most complicated issue mortgage borrowers need to understand. A rate lock is a guarantee that the lender will offer the borrower a specific combination of interest rate and points. A point is a fee or rebate equal to 1 percent of the loan...
by countyproperties | Sep 27, 2012 | Finance, Latest News, San Diego Real Estate
The Federal Reserve’s continued purchase of mortgage securities took the 30-year fixed-rate mortgage down to unchartered territory this week. The Freddie Mac survey showed the 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s...
by countyproperties | Sep 18, 2012 | Finance, Latest News, San Diego Real Estate
Higher-dollar mortgages that typically finance bigger, pricier homes, widely called “jumbo loans,” may be getting easier to obtain. Such loans became popular during the housing boom as home prices soared and lending guidelines were lax. But they petered...
