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December 7, 2007 at 8:27 AM in reply to: 2nd Public Service about Property Taxes…may even save you money! #111256December 7, 2007 at 8:27 AM in reply to: 2nd Public Service about Property Taxes…may even save you money! #111375
(former)FormerSanDiegan
ParticipantSorry, I am stumped on this one.
Most of my advice comes from either personal experience or scenarios I have researched for myself.
Being a young whippersnapper and not having inherited CA property from my parents I haven’t dealt with or worried about this issue … yet.December 7, 2007 at 8:27 AM in reply to: 2nd Public Service about Property Taxes…may even save you money! #111407ParticipantSorry, I am stumped on this one.
Most of my advice comes from either personal experience or scenarios I have researched for myself.
Being a young whippersnapper and not having inherited CA property from my parents I haven’t dealt with or worried about this issue … yet.December 7, 2007 at 8:27 AM in reply to: 2nd Public Service about Property Taxes…may even save you money! #111425ParticipantSorry, I am stumped on this one.
Most of my advice comes from either personal experience or scenarios I have researched for myself.
Being a young whippersnapper and not having inherited CA property from my parents I haven’t dealt with or worried about this issue … yet.December 7, 2007 at 8:27 AM in reply to: 2nd Public Service about Property Taxes…may even save you money! #111449ParticipantSorry, I am stumped on this one.
Most of my advice comes from either personal experience or scenarios I have researched for myself.
Being a young whippersnapper and not having inherited CA property from my parents I haven’t dealt with or worried about this issue … yet.December 7, 2007 at 8:21 AM in reply to: Just bought a new house, questions on finance and home inspection #111251Participant4plexowner nailed it on both points.
1) Get your own inspector and
and
2)don’t expect to refinance a loan with zero seasoning.At various times in the past mortgage brokers have told me that lenders like to see seasoning of a year before refinancing. I think during the heyday you may have been able to get away with shorter times.
December 7, 2007 at 8:21 AM in reply to: Just bought a new house, questions on finance and home inspection #111368Participant4plexowner nailed it on both points.
1) Get your own inspector and
and
2)don’t expect to refinance a loan with zero seasoning.At various times in the past mortgage brokers have told me that lenders like to see seasoning of a year before refinancing. I think during the heyday you may have been able to get away with shorter times.
December 7, 2007 at 8:21 AM in reply to: Just bought a new house, questions on finance and home inspection #111402Participant4plexowner nailed it on both points.
1) Get your own inspector and
and
2)don’t expect to refinance a loan with zero seasoning.At various times in the past mortgage brokers have told me that lenders like to see seasoning of a year before refinancing. I think during the heyday you may have been able to get away with shorter times.
December 7, 2007 at 8:21 AM in reply to: Just bought a new house, questions on finance and home inspection #111418Participant4plexowner nailed it on both points.
1) Get your own inspector and
and
2)don’t expect to refinance a loan with zero seasoning.At various times in the past mortgage brokers have told me that lenders like to see seasoning of a year before refinancing. I think during the heyday you may have been able to get away with shorter times.
December 7, 2007 at 8:21 AM in reply to: Just bought a new house, questions on finance and home inspection #111443Participant4plexowner nailed it on both points.
1) Get your own inspector and
and
2)don’t expect to refinance a loan with zero seasoning.At various times in the past mortgage brokers have told me that lenders like to see seasoning of a year before refinancing. I think during the heyday you may have been able to get away with shorter times.
ParticipantMy favorite method for finding the bottom is to take an established (older) first-time home buyer neighborhood which tends to track the SD median and do rent versus own calculations.
Every couple months I do this for houses in Clairemont. Last time I did this was a couple weeks ago. I came up with plenty of examples of houses on the market that (after taxes) are about 300 bucks a month away from being equivalent (on a monthly basis) from renting, assuming 20% down. When this calculation reveals about the same margin with 5% down, that’s when I would be comfortable that the down-side risk is minimized.
ParticipantMy favorite method for finding the bottom is to take an established (older) first-time home buyer neighborhood which tends to track the SD median and do rent versus own calculations.
Every couple months I do this for houses in Clairemont. Last time I did this was a couple weeks ago. I came up with plenty of examples of houses on the market that (after taxes) are about 300 bucks a month away from being equivalent (on a monthly basis) from renting, assuming 20% down. When this calculation reveals about the same margin with 5% down, that’s when I would be comfortable that the down-side risk is minimized.
ParticipantMy favorite method for finding the bottom is to take an established (older) first-time home buyer neighborhood which tends to track the SD median and do rent versus own calculations.
Every couple months I do this for houses in Clairemont. Last time I did this was a couple weeks ago. I came up with plenty of examples of houses on the market that (after taxes) are about 300 bucks a month away from being equivalent (on a monthly basis) from renting, assuming 20% down. When this calculation reveals about the same margin with 5% down, that’s when I would be comfortable that the down-side risk is minimized.
ParticipantMy favorite method for finding the bottom is to take an established (older) first-time home buyer neighborhood which tends to track the SD median and do rent versus own calculations.
Every couple months I do this for houses in Clairemont. Last time I did this was a couple weeks ago. I came up with plenty of examples of houses on the market that (after taxes) are about 300 bucks a month away from being equivalent (on a monthly basis) from renting, assuming 20% down. When this calculation reveals about the same margin with 5% down, that’s when I would be comfortable that the down-side risk is minimized.
ParticipantMy favorite method for finding the bottom is to take an established (older) first-time home buyer neighborhood which tends to track the SD median and do rent versus own calculations.
Every couple months I do this for houses in Clairemont. Last time I did this was a couple weeks ago. I came up with plenty of examples of houses on the market that (after taxes) are about 300 bucks a month away from being equivalent (on a monthly basis) from renting, assuming 20% down. When this calculation reveals about the same margin with 5% down, that’s when I would be comfortable that the down-side risk is minimized.
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