Hey there!
DeFaria Realty and Investments /D&F Properties, and I'm here to help you explore the exciting benefits of a reverse mortgage, also known as a Home Equity Conversion Mortgage. If you're 62 or older and own your home and have a lot of equity, you could enjoy living there without monthly mortgage payments!
If you choose an adjustable-rate mortgage (ARM), your line of credit can even grow over time. You can pay off your existing mortgage or
have extra cash to help with living expenses!
Curious if you qualify? Give me a call at 408-221-6602. Let's chat and see how you can make the most out of your home!
Diane
DeFaria Realty and Investments/D&F PropertiesDRE #00744960 / NMLS #234354
6265 Ceanothus Lane, San Jose, CA 95119
Price: $899,900
Welcome to your future haven in the heart of Santa Teresa! This charming 3-bed, 2.5-bath townhome in California Grove is ready to dazzle you!
Step into modern elegance with recent upgrades including quartz counters, stainless steel appliances, and smart features for ease and safety.
Enjoy nearby amenities like parks, transit, and top schools. Don't miss out on this incredible opportunity! Buyers to verify all details.
For more info, contact Diane LoVerde at 408-221-6602. DRE#00744960 / NMLS #234351
https://www.youtube.com/watch?v=UEP0hKdysPw
Address: 319 Seascape Resort Drive, Aptos
This top-floor Studio is a hidden gem at the stunning Seascape Beach Resort in Aptos. Completely remodeled and fully furnished, it offers the ultimate coastal experience.
A perfect getaway home and a perfect opportunity.
Property Details:
1 Bedroom 1 Bathroom Sq Ft: 480
Located at Seascape Beach Resort Top Floor Studio Completely Remodeled Fully Furnished
With an asking price of $609,000
This studio is the perfect second home and investment opportunity you've been searching for!
Contact Diane at D&F Properties for More Information: Call: 408-221-6602 / DRE #00744960 / NMLS #234354
https://www.tourfactory.com/3088827
In many areas of the country, some form of consumer fireworks are legal. Learn how to protect yourself and your family if you're planning on your own festival of lights this holiday.
The Fourth of July is a swell summer day, isn't it? You hang out in the hammock, grill a few burgers, and watch—or maybe light your own—fireworks. It's great family fun—if you play it safe with those fireworks.
According to the National Fire Protection Association (NFPA), more fires are reported on Independence Day than any other day of the year, with more than half those fires caused by fireworks. Added to fires are injuries
Many of accidents can be avoided if the proper safety measures are taken. This Fourth of July, if you live in an area where fireworks are legal and feel the need to try them out, protect yourself, your family, and your neighbors with these safety tips.
https://www.thisoldhouse.com/21014923/home-fireworks-safety?_bta_tid=165750671521392158388152215929615543996502418915399001668971913617563650859952344467486394707504576356
Be Safe and Have fun!
Enjoy!
If you live in the city of San Jose Measure E is an ADDITIONAL Transfer Tax applied at varying increments on sale of real property over $2 Million. Under Measure E, the Transfer Tax would be imposed whenever a deed, instrument, or writing, whether recorded or not, transfers real property in the City of San Jose for consideration. Again, this is in addition to the regular City and County Transfer taxes that currently apply within the City of San Jose.
Consideration means the amount paid for, or the value of, the transferred property and includes the amount of any debt and special assessments secured by the transferred property.
The Transfer Tax would also apply to a transfer of ownership interests in a legal entity (e.g., a corporation, partnership, or limited liability company) that would be considered an ownership change of real property under State law. Payment of the tax is the responsibility of the parties to the transfer and may be paid by either party.
Transfers under $2,000,000 would be exempt from this additional Transfer Tax. Transfers of $2,000,000 or more would be taxed at one of the following rates applied to the full value of the consideration:
Property Value Tax Rate
Less than $2,000,000 exempt from tax
$2,000,000 to $5,000,000 0.75%
$5,000,000.01 to $10,000,000 1.0%
$10,000,000.01 and higher 1.5%
For example, a transfer of real property where the value of consideration is $11,000,000 would be taxed at a rate of 1.5% on the entire $11,000,000. The tax owed would be $165,000.
The Transfer Tax includes other exemptions as well including transfers involving gifts, inheritance, divorce, and bankruptcy, in certain circumstances.
If you have any questions or have any other information you would like to share please contact me any time I am always happy to hear from you.
Diane LoVerde - Broker – CRS,GRI,GREEN,SRES
D&F Properties
408-221-6602
DRE # 00744960 / NMLS: #23435
Now is a great time for you to start considering building an ADU. San Jose's mayor is looking to make it easier for homeowners to build their own ADU. To help with this, they're launching:
If you're thinking about building an ADU, now is a great time to get started. Acton ADU is on the front lines of helping homeowners build their own ADUs, so let us help you!
As a consumer credit professional, I get a wide range of questions regarding the impact our actions have on our credit scores. From closing accounts to Bankruptcies, consumers want to know how to keep their scores optimal. Of all topics, credit inquiries seem to top the list.
It's almost like we consider having our credit pulled likened to going to the dentist. We may have a toothache, but we wait until it's unbearable before we pick up the phone and make an appointment. It's a similar scenario with credit pulls. We commonly hear, I don't want my credit pulled, I don't want my scores to drop!
Well, here is the hard truth; they both may hurt a little or a lot, but they are necessary in their own right! Now the good news, just like the dentist, if you handle it responsibly, you can minimize the pain or impact on our credit scores!
Just as the dentist can't tell you how bad the damage to the tooth is until he gets to work, nobody knows the exact score impact of a credit pull, until it has been initiated by a lender. It's important to understand that everyone's credit file has its own metaphorical DNA and a hard inquiry may impact two similar credit reports very similarly.
With that said, there are some things that will help reduce inquiry anxiety. First, let's discuss hard inquiries versus soft inquiries:
Soft Credit Inquiries:
Soft credit inquiries are defined as; any credit inquiry that is not initiated by the consumer in the effort to obtain new credit. This includes visiting credit monitoring sites like Credit Karma, applying for a job where a credit report is required, applying to rent a home. Additionally our existing creditors can review our credit without it causing an impact to our scores.
Hard Credit Inquiries:
Hard credit inquiries occur when we as consumers ask to borrow funds for any reason. It could be for a credit card, furniture, home loan, vehicle, installment loan, equity line of credit or student loan. Basically any time we make an application for new credit, it is considered a "hard credit pull" or "hard inquiry."
The Shopping Window:
No this section is not about window shopping. The shopping window is defined by the credit reporting agencies as the Deduplication Window. To clarify, possibly the three biggest types of credit we apply for in life are mortgages, cars and student loans. In the effort to give us the ability to shop multiple sources for financing, the three aforementioned loan types have a 45 day deduplication window.
What does this mean to us you ask? It allows us to have multiple credit inquiries within a 45 day period with the first credit inquiry being the only one to impact our credit scores! To further clarify, you can't shop for all three at the same time. Each inquiry must be coded as one of the three loan types.
It is important to remember that mortgages, cars and student loans are the only type of credit that this applies to. EVERY OTHER TYPE OF CREDIT APPLICATION will count each inquiry as a hard inquiry. There are no other exceptions. Apply for 3 different credit cards in one day, you could see a significant drop in your credit score.
So it wouldn't be fair if I didn't address how many points each inquiry may impact our scores. MyFICO.com states that the impact of a hard inquiry is approximately 5 points. Since this information is derived directly from their site, we can take that at face value. With that being said, I have seen credit reports before and after hard inquiries were initiated that lowered credit scores more than 15 points.
The higher score drop may have other factors involved like new accounts established, but it does seem slightly suspect that the scores dropped so quickly after the inquiry. I guess the most highly used answer in credit of "it depends" hold true here.
I hope this article helps reduce your inquiry anxiety. Of course, I can't do anything about your fear of dentists, but hey nobody's perfect.
Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.