Housing market news

Description

949.769.1599. OC Housing News provides tools home buyers need to find their dream home. Home shopping tools described with step-by-step instructions.

Informations

• Publié par: bgren191
• Publié le: 04 septembre 2014
• Nombre de lectures: 2
• Langue: English

Extrait

OC Housing News

































The Comprehensive
Guide to Finding Your
Next Home

HOUSING MARKET NEWS UltimateGuidetoOCHousingNews
RentVersusOwnDecisionGuide......................................................................................................................................5
RentingVersusOwning.........5
Reasonstobuyahouse.............7
Reasonsnottobuyandrentinstead...................................................9
Mistakesandfallaciesaboutrentingorowning..........................................................12
WhatisOwnership?.............................................................................................................14
AConceptualHistoryofRealEstateOwnership................................14
MoneyRentership(LoanOwnership)..............................................16
WhatisRentalParity?.........................................................................................................................................17
RentsCapturePremiums.......18
MovingBeyondRentalParity..............................................................18
UniquenessandQuality..........................................................................................................19
ReservoirofValue.....................................................19
HowMuchaHouseReallyCosts20
MortgagePayment....................................................................................................................20
PropertyTaxes...........................................................21
HomeownersInsurance.........................................22
PrivateMortgageInsurance.................................................................22
SpecialTaxesandLevies........................................23
HomeownerAssociationDuesandFees.........................................23
MaintenanceandReplacementReserves.......................................................................24
TaxSavings...................................................................24
HiddenSavings...........................................................................................24
LostDownPaymentInterest................................25
OwnershipCostMath..............................................................................................................26
CostofOwnershipDetailedAnalysis............27
FourMajorVariablesthatDetermineMarketPrice...................................................27
BorrowerIncomeandWageInflation..............................................................................28
AllowableDebt-to-IncomeRatios......................29
InterestRates..............................................................................................................................................................31
Downpaymentrequirements35
PITI..................................................................................................................................................................................37
PropertyTaxes...........................37
MelloRoosTaxes.......................38
HomeownersInsurance.........................................................................................................................................40
HomeownerAssociationDuesandFees.........40
HomeFinancingGuide.......................................................42
MortgageBasics.....................................................................................................................................................42
What'samortgage?..................42
What'sincludedinmymonthlypayment?.....................................................................................................42
Whatisanescrowaccount?..................................43
MortgageProcess..................................................43
Step1:Determineyourbudget...........................................................................................43
Step2:FindaLender...............................................................................43
Step3:GetPre-Approved......................................44
Step4:GoFindYourNextHome........................................................................................45
Renter’sguidetopreparingforhomeownership...................................................45
Adjustingyourfinances..........................................................................................................45
PITI..................................................45
Maximumloanbalance...........................................46
RentandSavings........................................................................................................................47
Interestratesandtherent-saveratio...............48
Thebottomline..........................................................48
ConservativeHouseFinancing........................................................................................................................49
[e-mail] 949.769.1599 UltimateGuidetoOCHousingNews
MortgageInterestRates.........................................................................................................................................50
TypesofBorrowers..................52
TypesofLoans............................................................................................................................................................52
StatedIncomeLoans................59
Downpayments.........................61
EquityComponents..................................................................................................................................................62
MortgageEquityWithdrawal...............................68
TheFallacyofFinancialInnovation..................71
Summary.......................................................................................................................................................................74
FHALoanRequirements....74
FHAMortgageInsurance.......74
FHALoanLimits.........................................................................................................................................................76
LoanChecklist.............................76
ClosingCosts................................77
FHADebtRatios.........................................................................................................................................................78
FHACreditIssues......................79
FHAFinancingandLoanAssumption..........................................................................................................81
Utilizefixed-rateassumablefinancing.............81
Maximizeyourdownpayment(withinreason)..........................................................................................81
Expectnohome-priceappreciation..................................................82
AssumptionofMortgage........................................................................................................................................82
Wrap-aroundmortgages........87
Factsaboutloanassumptions..............................88
BeWarytheHighCostofFHAInsurance........................................................................................................89
AcceleratedMortgagePayoff............................................................................................89
Paymorewhenyoucan..........89
Refinancingforacceleratedamortization......................................................................................................90
TimetoPayoff.............................................................................................90
HowNottoManageYourDebt........................................................................................91
WhatisaPonziScheme?........................................91
PonziSchemesofdebt.............................................92
GoingPonzi..................................................................................................93
ThePonzilimit............................................................................................95
TheFateofPonzis.....................................................................................96
HousingMarketInterpretationGuide..........................97
OCHousingNewsMonthlyMarketReport................................................................................................97
UsingtheOCHNMonthlyReport....................................................................................97
InterpretinganOCHNMonthlyMarketReport........................98
NewsOverview..........................................................................................................................98
MedianHomePriceandRentalParityTrailingTwelveMonths...........................................................98
Resale$/SFandYear-Over-YearPercentageChangeTrailingTwelveMonths100
RentalRateandYear-Over-YearPercentageChangeTrailingTwelveMonths..........................101
HistoricMarketDataCharts..............................................................................................................................102
PercentageChangeCharts..................................104
Histor