Homeownership is considered to be one of the great wealth creators available, second only to stock options. The math below shows that owning a home can create close to $1M in personal wealth over 10 years! Monthly Cost of Home
Conforming loan limit increased to $822,375
The Federal Housing Finance Agency increased the maximum amount for a conforming loan to $822,375 in Santa Clara and San Mateo counties in 2021. This is an increase of 7.4% from the limit of $765,600 in 2020. Assuming 20% down
Proposition 19: Property Tax Transfer
Below is an explanation of how Prop 19 changes your ability to transfer your existing property tax base to a new residence, as summarized by the California Association of Realtors. How does Proposition 19 change the rules on tax basis
What is affordable to you?
A necessary exercise for first-time home buyers and interesting for existing homeowners thinking about upsizing. Financing is the primary question: How large of a loan do you qualify for? Knowing this, you add-in the down payment amount, optimize between the
Downsizing with Bridge Loans
Many senior homeowners entertain the thought of downsizing to a smaller home. A home that requires less ongoing maintenance and lower monthly expenses. A smaller yard to prune. Smaller rooms to dust. A single-level for sore knees. Or to move