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  Will the Government Shutdown Impact for Sacramento Home Mortgages?   The impact on personal home mortgages will grow if the shutdown is long. The biggest impact is the IRS. The Internal Revenue Service (IRS) has indicated that they will not process any forms, including issue tax return transcripts (Form 4506 T), should a government shutdown occur. Without tax transcripts, loan processing may be delayed, depending on individual housing agency requirements and aggregator guidelines. The Department of Housing and Urban Development’s (HUD) operations, specifically the Federal Housing Administration (FHA), should not be significantly impacted as long as the shutdown is [&hellip

California Mello-Roos Property Tax Mello-Roos was signed into law in 1982 as a way to gain funding for new communities after Proposition 13 inhibited the raising of property taxes in California.  Though it isn’t technically a property tax, it is an additional tax that is applied to properties in newly developed areas.  The money is used to build the necessary facilities, utilities, roads, and the like for new towns.  This keeps the cost of development for the new town on the shoulders of the persons living there. Because Mello-Roos is independent of the property tax that is protected by Prop [&hellip

First time home buyers: Determine how much debt can you afford Take a realistic look at how much future income you anticipate to have and how many expenses you expect to incur. Remember, the lender will tell you how much you are qualified to borrow, not necessarily how much you can afford. Only you know how much you can comfortably handle, what your other expenses are, how much you need to save and what kind of lifestyle you wish to maintain. Lenders use the monthly payment on a property to determine a borrower’s qualifications. The payment includes principal, interest, property [&hellip

Understanding the credit score system The best-known and most widely used credit score model in the United States is the Fair Isaac Corporation (FICO) score and is calculated statistically with information from a consumer’s credit files. It provides a snapshot of risk that banks and other institutions use to help make lending decisions. Applicants with higher FICO scores may be offered better interest rates on mortgage or automobile loans. Visit annualcreditreport.com. This is the only authorized online source for totally free credit reports. By federal law, you are entitled to a free credit report once every 12 months. This site [&hellip

North Highlands neighborhood update HousingSacramento.com updated the community of North Highlands with much more neighborhood information. Check out the new and improved North Highlands page. Also if you have some insights on the North Highlands part of Sacramento County please let us Know. North Highlands, California’s zip code is 95660 and it is in the unincorporated area of Sacramento County. North Highlands can make a wonderful community to make a home. The attraction of North Highlands is the affordable neighborhoods.  This draws first-time home buyers, move-up buyers, and investors to North Highlands. North Highlands’ property styles vary from ranch style [&hellip

The story of Coffee Real Estate –Sacramento & Foothills There must be a better way to offer real estate service with compassion and fair prices without all the stress I thought. I wanted a professional real estate service that could communicate clearly the complexities of the real estate transaction. Subsequently I started Coffee Real Estate –Sacramento & Foothills with the mission to serve our clients with compassion and getting them best deal available. The goal is to remove the most stress as possible. Clearly and accurately communicate the costs and why’s of the transaction. The key motivation of our real [&hellip

FHA home loan after a bankruptcy Federal Housing Administration (FHA) does make home loans after a bankruptcy. That is the good news. The bad news or conditions are a waiting period and establishment of a good credit history after bankruptcy. The Federal Housing Administration home loans insurance programs contains a required waiting period for new FHA home loans after filing bankruptcy. Although bankruptcy is not rare anymore, it still carries a consequence with credit intuition. This stigma leads many who declare bankruptcy to give up and lose hope for home ownership. But recovering from bankruptcy and qualifying to buy a [&hellip

Housing is in Bloom The nation’s housing sector is buzzing like bees in springtime. And indeed, housing has historically boosted the U.S. Gross Domestic Product (GDP) and job creation, which are key stimulators and indicators of economic health. When GDP is referenced in news media, it means the total goods and services produced by labor and property in the U.S. This figure is measured quarterly, and recent figures show that GDP increased impressively at 3.1 percent in the 1st quarter of 2013, up from 0.4 percent in the last quarter of 2012. Sales of previously-owned houses increased three straight months [&hellip

Sacramento’s Mortgage Application Site Fast Easy and Secure Fast, easy and secure; three words that describe ExpressRealEstateLoan.com, Housing Sacramento’s mortgage application site. ExpressRealEstateLoan.com is fast with two types of applications. Our short application is an easy and fast way to request a mortgage. The short form is only one page. You can get mortgage prequalified with the short form. The long form has more detail needed to complete the loan process. Our online application process is conveniently designed to allow you to stop any time and pick up where you left off. This can be a very convenient way to [&hellip

Short term mortgages offer a 3 to 1 benefit advantage The 30 year mortgage term is a staple of the real estate loan market. Short term mortgages present a three to one benefit advantage. What are the benefits? What is the drawback? Is a short term mortgage right for you? The first benefit of a short term mortgage is the number of payments. The traditional 30 year mortgage has 360 monthly payments. A 15 year mortgage by comparison has only 180 monthly payments. Just multiply the 30 year monthly payment by 360 and that number is the total cost of [&hellip