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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

Housing Sacramento Magazine  Kyle Darrow Kyle Darrow CEO of CLA Reality and California Loan Associates share his insight into real estate. As a real estate professional, you’ve handled transactions across northern California’s post real estate bubble, how do you see the real estate market going forward? Inventory is extremely low right now, but so are interest rates.  This creates a unique situation that is supporting housing prices and even causing them to increase.  Many homes are selling in 30 days or less, and Sacramento is in the top ranks for properties getting offers within 24 hours of coming onto the [&hellip

3 Costly Mistakes Real Estate Investor Make   Mistake #1: Not Understanding What Makes Real Estate Expenses Deductible  If the property you purchase is to be used as your primary residence (or your home), then your deductions are limited to mortgage interest (subject to limitations), property taxes, points, and mortgage insurance protection (temporary law). If you were to buy another house without renting it out, you may be able to treat it as a second home.  The deductions for a second home are limited to mortgage interest (subject to limitations) and property taxes. Mistake #2: Buying a Rental for Tax [&hellip

Haunted houses can be a big problem in real estate Haunting, ghost sightings and any other unexplained events which could impact the value of the property must be disclosed. These Phenomena events create a stigmatized property. Laws in California mandate disclosers. That means even if a person does not believe in ghosts, but the property has a reputation for being haunted by ghosts, it still must be disclosed. This could have a significate impact on price and the ability to sell the property. Haunted houses can have a bearing on a person’s peace of mind. This can have legal and [&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

Home Ownership Perks Home ownership has financial advantages. One of the biggest and most recognizable homeowner perk is the mortgage interest tax deduction. This supports home ownership with a tax advantage. Home ownership helps build community and a tax base. Read more at: https://housingsacramento.com/blog/real-estate/homeownership-benefits In addition, assuming the property meets the requirements, property taxes paid for the main resident home and a vacation home are deductible for income tax purposes. Also, as long the home owner occupied the house as a primary residence for two of the past five years, the capital gain up to $250,000 for an individual or [&hellip

  Four Ways to Holding Title in California Real Estate When More Than One Person Holds Title   Holding title in California real estate with more than one person has four main options: Joint Tenancy, Tenancy in Common, Community Property, and Community Property with Right of Survivorship. All have important issues that can make them just right for the situation or just wrong. Joint Tenancy Joint tenancy exists when two or more persons are joint and equal owners of the same undivided interest in real property. Joint tenancy requires four things:  1) The owners must acquire their interests at the [&hellip

3 Tips for Home Based Business Success Valerie Adger writes As most small business owners know, building strong relationships is vital to maintaining a loyal customer base. This is especially true for home-based business owners. Home based businesses are competing with an online marketplace accessible via laptops, desktops, tablets and smart phones.  Mixing business with pleasure and inviting clients into our homes has never been more vital; it sets us apart from faceless companies and sterile storefronts. Appearance is Everything! You can’t make a first impression, twice.  No matter the size of your home or the layout, one thing is [&hellip