Saving for tomorrow, tomorrow

Check out this great TED talk about how to save for the future


How to Choose a GOOD Mortgage Broker

Buying a home can be a very scary process. It is probably the most money you will ever spend on any one thing.  Choosing a good mortgage broker who fits your needs can make all the difference.  A .5% difference of a mortgage rate on a $500,000 loan over 30 years could cost you an extra $50,000! I have provided below 4 simple steps on how to choose a mortgage broker. (It’s easier than you think)

  1.  Analyze what type of buyer that you are and locate a broker who is an expert in that area. Examples could be if you are a first-time buyer, have a bankruptcy on record, or be making an investment purchase.  Different lenders can help you in different ways, some may not offer loans to bankruptcy clients but yet another lender may have a program to help you rebuild credit.
  2. Ask friends and family who they have used. Ask your realtor who they would recommend. Good recommendations are always a great start but just because your best friend had a wonderful experience doesn’t mean that you will (step 4 comes in handy here)
  3. Check Yelp, Zillow, and for reviews of brokers in your area.
  4. Now that you have done your homework on brokers in your area it’s time to get out there and meet some people.  Interview the lender and discuss your personal situation. While you are there see what programs they can provide to you and your unique situation.  I am sure you will be amazed at what you can learn by getting out and shopping around.

Hopefully, on your home buying journey, you find an honest lender who cares about their clients and not their wallet.  Ultimately, you want an advocate that will work for you not against you. In doing so, hopefully, you will be the one getting a little extra to put in your wallet.

Granny Units

On January 1st a new law went into effect in California.  What?  You didn’t hear about this….. Along with the other millions of laws that took effect this January,  two amending laws (AB2299 and SB1069) slipped right on through. Making it easier to build a second unit (aka The  Granny Unit) on a lot with an existing dwelling. The laws aren’t really anything new but it changes restrictions previously placed on building a second unit, making it easier for a homeowner to build.

With home prices increasing and California having a constant shortage on housing this could be a game changer.  Depending on your local building codes, you could add a 1200 sqft unit for a relative, a rental or even an Air B&B.  If you are thinking about moving to accommodate a  family member or make a little extra cash check into adding a unit to your existing home site, it just might be worth it!

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