DEAR BENNY: We purchased our home a year ago for $153,000 and put $16,000 cash down. PMI was required. I want to end the PMI as soon as possible and understand that the home equity must reach a certain point (the agent said after two years we could try to get it canceled). Isn't there a law that if we are current with our payments we can opt out of PMI? We purchased a short-sale home and the value has been appraised higher now. Will that work against us? --Phyllis
The highest sale price ever recorded in Manteca for a production home was $720,000.
SACRAMENTO (AP) - California should receive at least $20.6 billion from a settlement with the nation's major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage rose this week but remained near historic lows. Low mortgage rates have helped support the slowly recovering housing market.
If you find yourself wondering how you ever got along before your smartphone, laptop and GPS, you're not alone. Technology is so much a part of how we go about our days that we often take it for granted. However, in many cases, houses haven't caught up to the same technological standards as the gadgets people carry with them 24/7. But that's all about to change, as new ideas begin to revolutionize the way we view our homes.
Uncle Sam's failure to practice tough love is creating more foreclosures.
Year after year, no matter the state of the housing market, kitchen remodeling remains a good idea. The project perennially tops lists of value-for-your-money home improvements and almost every buyer will be attracted to a kitchen that's updated and move-in ready. Even if you're planning on staying in your home for a while, few things can reinvigorate your home like a brand new kitchen.
SAN DIEGO (AP) - The number of homes sold in California rose 2.7 percent last month from a year earlier and the median price soared as the housing market showed continuing signs of recovery, the reporting firm DataQuick said Thursday.
LOS ANGELES (AP) - Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.
DEAR BENNY: I will be soon paying off (in its entirety) the mortgage on my home. For your information, I have been current on my payments throughout the 10-year term. The mortgage company is a credit union, and I intend to continue residing in my home.
Even during a challenging economy, the outdoor living trend remains popular as homeowners seek to add lasting value and functional living space under the sky and stars. Whether it's a do-it-yourself patio or a professionally installed outdoor kitchen, the beauty, usefulness, value and ease of maintenance in outdoor living space is limitless.
DEAR BENNY: I understand that when homebuyers sign closing documents, they are routinely required to sign a blanket form allowing the lender to access IRS records with no time limit. The form says not to sign it unless dates are specified on the form, but lenders routinely insist they be signed without any specification as to which years of IRS records are covered.
WASHINGTON (AP) - U.S. home prices jumped by the most in 6 ½ years in December, spurred by a low supply of available homes and rising demand.
NEW YORK (AP) ‑ Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.
Winter can seem like an eternity. Yet when it comes to your credit profile, house-hunting and the spring real estate season is just around the corner.
MOUNTAIN VIEW (AP) - Of Google gets to build a new office complex north of Highway 101, no one will feel the "Googly" aura of the canopied tech wonderland quite like the people living along Space Park Way.
If you have a FHA backed mortgage there are a lot of people out there convinced you can save hundreds if not thousands of dollars a year if you just call them.
Whether you're planning to list your home for sale soon or you're simply working to maintain features that attracted you to the charming abode in the first place, careful attention to curb appeal is a must.
A recent study found that 50 percent of homeowners claim their garage is the most disorganized place in the home. In addition, The Department of Energy cites 25 percent of people with two-car garages have too much clutter to leave room for cars, while 32 percent only have room for one vehicle. Isn't it time to do something about the mess? This year, focus your efforts on maximizing storage space in the garage.
INCLINE VILLAGE, Nev. (AP) - Two leading Realtor boards have come out against future ridgeline development in the Lake Tahoe Basin.
WASHINGTON (AP) - Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.
WASHINGTON (AP) - Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.
WASHINGTON (AP) - Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.
MONTECITO . (AP) - Ganna Walska, a wealthy Polish opera singer, created the Lotusland garden in her own likeness - beautiful, eccentric, intelligent, quixotic, romantic, spiritual - on a private estate here about 100 miles north of Los Angeles.
Did you know it takes just one afternoon to save money on your utility bills? Take on a few easy DIY projects this weekend to see immediate savings while making your home more comfortable and environmentally friendly for the long term. As hot months quickly approach, now is the perfect time to improve your home's energy efficiency and set the stage for a cool, comfortable home this summer.
Warmer weather and sunnier days are on their way and many homeowners are itching to begin home improvement projects. If you are one of them, consider these areas of your home when prepping for spring.
SAN DIEGO (AP) - California home sales fell slightly in February as buyers struggled with higher prices and a thin supply of properties for sale, a research firm reported Wednesday.
WASHINGTON (AP) - Average long-term U.S. mortgage rates fell this week, remaining near historically low levels at the start of the spring home-buying season.
It is country living with all the benefits of solitude but without the extra work of caring for land.