Buying real estate is one of the biggest investments you’re likely to make. As such, mortgage lenders have to make sure you can afford what you’re buying. Here are some things you can do to improve your chances of qualifying for a loan. YOUR MORTGAGE TO-DO LIST DO provide your lender with your homeowner insurance agent’s … Read more
For the past couple columns, you may have noticed that I’ve written about financial equations and analysis. This is my happy place. My favorite part of the real estate industry, and any other business venture, tends to revolve around concrete, numbers-driven data. I like working with things that are pragmatic and provable rather than abstract … Read more
This is the second in a series about finance. Because saving for a down payment can have such an enormously positive impact on which property you can buy, I thought I’d explain a few things about how to invest your savings as wisely as possible. The idea of investing can feel quite intimidating, but once … Read more
When it comes to buying real estate, many people tend to get a little overwhelmed by the financial side of things as they try to understand the short-term and long-term effects of the down payment, interest rate, points, and other financial factors. So, I thought I’d write a little series to explain some important financial … Read more
If your home burned in last fall’s wildfires, you may be interested in the following bills going through the state legislature right now. AB 1797: Replacement cost coverage With a few minor exemptions, this bill would require an insurer that provides replacement cost coverage to provide an estimate of the cost to rebuild or replace the insured structure … Read more
Many of us don’t think much about the water we use. If we turn on the tap and water comes out, we’re satisfied. When we hear ominous warnings about droughts, we stop watering our lawns (or limit watering to early mornings), but deep down, we’re not too concerned. The tap has never stopped working, so … Read more
When you get a loan to buy a house, you can choose a fixed-rate or an adjustable-rate mortgage. A fixed rate means the interest rate stays the same for the life of the loan. An adjustable-rate mortgage (ARM) has a variable rate. Most ARMs provide lower interest rates at the beginning of the loan, and … Read more
Many people rent rather than own their homes. If this is true for you, you depend on a landlord to maintain your residence in good working order. At a minimum, landlords are responsible for ensuring homes are habitable and safe. The legal definition of habitable means the structure should be weather-tight with functioning heat, electricity, … Read more
There’s a wonderful children’s book series by Laura Numeroff, the first of which is If You Give a Mouse a Cookie. It goes through the problems of giving a mouse a cookie: if you give a mouse a cookie, he’ll probably want a glass of milk. If you give him milk, he’s likely to ask you … Read more