Monday, February 12, 2018 / by Abio Properties, Blogger
Let’s face it. Not everyone can be the traditionally perfect candidate for a standard 30-year fixed home loan. Some buyers need creative financing to win their dream home.
Maybe you’re a buyer who doesn’t have enough cash for a 20 percent down payment and closing costs. Maybe you have a less-than-perfect credit score.
You’re not alone. More than half of Americans have less than $1,000 in their savings accounts, according to a 2017 GOBankingRates survey. Yet, the median down payment for a home in the Bay Area is $170,000, according to the most recent ATTOM Data Solutions report.
Fortunately, innovative lenders with alternative loans are changing the home buying experience so stressed out buyers don’t have to tap retirement accounts (potentially risky), borrow from family (potentially awkward), or sell organs for cash (um, potentially deadly).
And if you are one of soc ...
Tuesday, January 9, 2018 / by Abio Properties, Blogger
It’s a new year filled with new laws – from the useful, to the quirky, to the expensive. Pot is legal now in California, public diaper-changing stations must be accessible to men as well as women, the state minimum wage rose $.50, and President Trump signed a major federal tax reform bill.
For property buyers and sellers, we boiled down the 1,097-page federal “Tax Cuts and Jobs Act” into this simple chart so you can see how tax reform impacts you:
Answers to Common Questions:
When will I feel the effects of the tax overhaul? Spring of 2019, when you file taxes for 2018, if you itemize deductions.
Which real estate markets will be most affected?
West and East Coast metro areas like ours, where real estate is most expensive. For example, homeowners used to be able to deduct the interest paid on a mortgage loan worth up to $1 million. Now the mortgage interest deduction (MID) cap is $750,000. Nationally ...