Realtor & Loan Officer

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Showing posts from June, 2019

Qualify with P&L statement, no other income verification needed!

- June 15, 2019

我是全職房地產經紀。如果您還有任何貸款灣區房地產問題請聯繫：408-386-1530 電郵: kattyrealtor@gmail.com Wechat: katie_w0 DRE#: 02032778 NMLS#:1494343 Googain Inc. dba MaxReal Website: https://www.kattyrealtor.com/

Title Insurance

- June 10, 2019

What Is Title Insurance? Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common type of title insurance is lender's title insurance, in which the borrower purchases coverage only to protect the lender. Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common claims filed against a title are back taxes that had been missed by a title company, liens ( from mortgage loans, home equity lines of credit, easements ), and conflicting wills. How Title Insurance Works A clear title is necessary in any real estate transaction. Title companies must do a search on every title in order to check for claims or liens of any kind against them before they can be issued. A title search is an examination of public records to determine and confirm a property's legal ownership and t...

在美国买了房，哪些支出可以用来抵税？

- June 10, 2019

在美国买到了房子后，业主就要考虑收入支出将如何影响到你的缴税额了。首先，要明白自己的房屋到底是自住还是出租。很多纳税人情况复杂或者拥有多处房产，自己也搞不清楚每套房应该算作哪一类。例如A君常年住在西雅图，可是夏威夷有一套度假房，偶尔去住住，偶尔出租，这究竟怎么算呢？所以在这里又要科普一下房屋在税务领域里的分类了: 个人主要住宅（Principal Residence）顾名思义，只要是自己住或是一年不超过15天出租日（Rental Days），都可以当成自住房。第二套房（Second Home） IRS 认为每个人可以合理拥有两套房，只要你是自住，或是出租日少于15天，并且自住（Personal Days）超过14天，那么你这15天以内的租金收入 IRS 也懒得管，这套房子也顺理成章地属于自住房。若不满足上述条件，你的租金则需要上报到 Sch E，而相关贷款利息，房产税等等抵扣都需要分成 Sch E 出租和 Sch A 自住两部分。当然啦，小编也不知道 IRS 如何能追踪你的出租天数，这个，全靠自觉吧。不管怎样，保留所有费用的“证据”一定不会错！假日出租房（Vacation Rental）你都已经有两套房子，第三套或以上你总不能分身住那么多天了吧。于是 IRS 默认你可能会租出去，或者偶尔去度假住住。只要租期超过14天，并且你自住天数少于14天或是租期的10%，那么这就是套出租房了。和之前所讲对出租房的处理方式一致，所有租金收入和支出都需报在 Sch E 上。出租房（Rental Property ）这就是纯粹的出租房了，不再需要出租日14天测试，只要个人自住不超过14天则所有收入支出全部 Sch E 报上。投资房产或地产（Investment Property）既不出租也不自住，纯粹等着升值的投资房。例如继承的名人古宅，或是眼看要升值的地皮等等。这类型房地产的支出属于投资（Investment Expense）而非运营，所有房产税/地税也只能报到 Sch A 上抵扣。这里需要注意的是，投资相关利息（Investment Interest）抵扣只有低于投资收入的部分能放到 Sch A 抵扣，其他投资支出填入 Sch A 杂项抵扣，受限于2%净收入（Adjusted Gross I...

Property Taxes

- June 10, 2019

What Is a Property Tax? Property tax is a real estate ad-valorem tax, considered a regressive tax, calculated by a local government, which is paid by the owner of the property. The tax is usually based on the value of the owned property, including land. The local governing body will use the assessed tax to fund water and sewer improvements, provide law enforcement and fire service and other items deemed necessary. Breaking Down Property Tax Collected property taxes are used by the governing body of the jurisdiction in which the property is located. The money funds education, road and highway construction, public servants, and other services that benefit the community-at-large. Property tax rates and the types of properties taxed vary by jurisdiction. As such, when purchasing a property, it is essential to scrutinize the applicable tax laws. Property owners pay property tax calculated by the government. Property tax is based on the value of the property. ...

Property Investor! 1031 Exchange, LLC Vesting, Interest Only, Investment Property Purchase

- June 09, 2019

Alternative Income Documentation: Asset Qualification

- June 09, 2019

California Propositions 60 & 90

- June 09, 2019

California has unique requirements regarding computation of value for property tax. A very simple summary is that a property’s value for tax rates are determined by the value of the property at the time of purchase. While this does have some benefits, it can cause problems for older citizens who might be interested in moving or downsizing because upon purchase of the new residence, the property tax represents a significant hardship. To assist with this, California passed Propositions 60 & 90. Propositions 60 & 90 amended section 2 of Article XIIIA of the California Constitution to allow a person who is over age 55 to sell his or her principal place of residence and transfer its base year value to a replacement dwelling of equal or lesser value that is purchased or newly constructed within two years of the sale. Proposition 60 allows for the transfers of a base year value within the same county (intracounty). Proposition 90 allows for the transfers of a bas...

Time to refinance or purchase! Rates↘ and affordability

- June 08, 2019

As mortgage rates plunge, millions more homeowners can benefit from refinancing According to CNBC's Diana Olick, There are now about 5.9 million borrowers who could see their rates drop by at least 75 basis points by refinancing their mortgages. That is an increase of 2 million in just the past month, according to Black Knight, a mortgage software and analytics company. That is the largest population of eligible candidates in nearly three years and represents an aggregate of $1.6 billion in potential monthly savings. Per borrower, the savings is about $271 per month. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage News Daily. Mortgage rates are falling unexpectedly and sharply, and that means millions more homeowners can now benefit from refinancing their loans. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according t...