Archive | Housing


Homestead Expanded to $600,000 on Jan 1, 2021

Assembly Bill 1885 Assembly Bill 1885 expanded the homestead equity protection limits in California from the previous amounts of $75,000 to $175,000. The new increases should likely prevent more homeowners from losing their homes to bankruptcy. High-cost LA and Orange County, for example, will fall into the equity cap of $600,000 while Riverside County will […]

Continue Reading 0
business man pointing to transparent board with text: reverse mortgages


Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]

Continue Reading 0
Insurance Home House Live Car Protection Protect People Concepts


Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]

Continue Reading 0
Businessman pressing a Mortgage Loan Approval concept button.


First Step What should be your first step if you are contemplating buying real estate whether for the first time or again?  The words are GET APPROVED. Your Friendly Loan Broker You get approved by going to your friendly Loan Broker.  I recommend someone who is DRE or DBO licensed, not the big bank people.  […]

Continue Reading 0
abstract financial document with 3d graph of frosted glass

Housing Market Forecast From The CAR Pundits

This Was The Week Of The CAR Expo, This Year Called REImagine One of the highlights every year is the Housing Market Forecast presented by the CAR SENIOR VICE PRESIDENT AND CHIEF ECONOMIST, LESLIE APPLETON YOUNG, the guru of gurus. What did she say this year? A combination of high home prices and eroding affordability […]

Continue Reading 1

More Information & Classes -