Real Estate Finance

Short Sale 101, www.sonjabush.com, Mammoth Lakes

Real Estate Short Sales 101

Short sales have become more and more popular since the housing market began its struggle during the recession. Though the term is thrown around more loosely now, there are still a great deal of people who do not understand exactly what a short sale is. What is a short sale?A short sale is a carefully agreed upon sale of a property for less than the amount of the mortgage balance, executed as a means...

Your Household's Wealth, www.sonjabush.com, Mammoth Lakes

The Compound Effect: Building Your Household’s Wealth

Wealth is within reach for many people; however, according to a recent study, 63 percent of Americans said it’s not likely they’ll become rich.1 While younger people are more likely to say they’ll achieve wealth one day, only 34 percent of people aged 30 to 49 and 21 percent of people aged 50 or older say the same. There is no secret to becoming rich: it takes time, sacrifice and good financial...

Should you pay all cash or take out a mortgage

Should You Pay All Cash or Obtain a Mortgage For Your Home?

Not everyone can pay all cash for a home purchase.  Even if you can pay all cash, it’s not always the best route to go.  Below are the advantages and disadvantages of paying all cash versus purchasing a mortgage. The benefits of paying all cash for your mortgage: No interest paymentsNo principal paymentsNo credit checkNo income qualificationsNo bank or mortgage lenderNo lender...

7 Tips and Tricks on How To Buy A Home From Real Estate Insiders, SonjaBush.com, Mammoth Lakes

7 Tips and Tricks from Real Estate Insiders on How To Buy A Home

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home. Know your buying power What is your buying power? It is the combination of your credit-worthiness...

A Beginner's Guide to Real Estate Investing, www.sonjabush.com, Mammoth Lakes

A Beginner’s Guide to Real Estate Investing

  Despite the grim economic outlook for some industries, one sector is gaining viability -- real estate. According to the 2016 Emerging Trends in Real Estate, which was released by the Urban Land Institute earlier this year, trends such as “18-hour cities” and millennial parents increasing moving from urban areas out into the suburbs signal that real estate as an industry is gaining strength...

Why It Might Pay to Apply For a Mortgage Solo, www.sonjabush.com

Why You Might Want to Rethink Applying for a Mortgage Jointly

A topic always on our mind is water usage and conservation.  Below is an article by Brian Kimball of Summit Funding: Your Home - April Showers Usually, the saying 'April showers, May flowers' refers to the weather. In this case, April showers will be used to encourage you to focus on your water conservation efforts during the month of April. As you've likely heard, water conservation...

Top Homeowner Tax Deductions That Decrease Your Tax Burden

You can't avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn't place an unjust burden on you. As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation,...

Second Home Tax Deduction Tips, SonjaBush.com

Second Home Tax Deduction Tips

With the end of the year nearing, it’s time to get all your tax options in order. With a second home, you have tax items to consider that you wouldn’t normally have with a first home.Second home tax deductions: 1. Mortgage interest. You can deduct the interest if you itemize deductions. Your deduction might be limited if either of these is true: a) Your mortgage is more than the fair market...

5 Refinance Terms to Know, SonjaBush.com

5 Refinance Terms to Know

In the market to refinance your home? Then you need to brush up on some refinance terms so you’re not caught unaware. Mortgage Balance - The mortgage balance is the full amount owed at any specific time during the life of a mortgage. It is the sum of the remaining principal you have and any accrued interest.Mortgage Insurance – Mortgage insurance protects lenders against borrower defaults and if...

The Benefits of Making an All Cash Purchase, Sonja Bush

The Benefits of Making an All Cash Purchase For Your Home

The primary appeal of buying a home with cash is obvious: security. That monthly mortgage payment won't be hanging over your head should your financial situation take a sudden turn. There are drawbacks to paying for a house in full, though, the most important of which is liquidity. If you need to get your hands on cash quickly to cover something unexpected - sudden illness, a family member in financial...

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