Explaining How Earnest Money Works

Explaining How Earnest Money Works

Earnest money is a deposit made by the buyer upfront when purchasing a home. It is often referred to as a good faith payment, demonstrating to the seller your serious intent to purchase the property once certain conditions are satisfied. To safeguard the deposit, a...
Understanding FICO Scores and Mortgages

Understanding FICO Scores and Mortgages

As you probably know, your credit score plays a crucial role in your ability to buy a home. But most people don’t know how much it impacts their monthly payments and the total amount they’ll spend on their mortgage.  Not only does it help you qualify for a mortgage,...
Home Equity Loans vs. HELOC Loans

Home Equity Loans vs. HELOC Loans

This week we’re continuing our discussion of popular methods and common reasons to access home equity.  Today we’re going to focus on Home Equity Loans vs. Home Equity Lines of Credit (HELOC) options. Home Equity Loan A home equity loan allows you to borrow a lump sum...
Why HELOC Loans are Popular

Why HELOC Loans are Popular

Why are most homeowners choosing to access equity in their homes opting for a Home Equity Line of Credit (HELOC) loan?  Primarily because most homeowners currently have an interest rate on their mortgages that is far lower than the current market rate.  A cash-out...
House Hacking to Afford Homeownership

House Hacking to Afford Homeownership

More than half of buyers under the age of 40 are interested in the option of “house hacking” as a way to afford a home.  House hacking is purchasing a property that also provides rental income to help offset the costs of purchasing and maintaining a home. The basic...

Real Estate Market Update

Santa Clara County Real Estate Spring 2020 Report  Supply & demand statistics, median sales price trends, sales and values by city, the luxury home market, and the dwindling effects of COVID-19:  June 2020 Generally speaking, market activity – as measured by the...