Homeownership has many advantages in Orange County California!

Homeownership has many advantages - both financial and personal. But buying a home is an important decision. Look at the benefits and the differences between homeownership and renting to better understand if owning a home is right for you. Some of the benefits:

• Tax savings - You may earn significant tax savings because you can deduct mortgage interest and property taxes from your federal income tax and many states' income tax if you itemize your deductions.
• A stable monthly housing expense - Your monthly housing loan or mortgage expense can remain the same for the life of your mortgage, depending on the type of loan you choose.
• Equity - You may build equity in your home over the life of your loan, which allows you to plan for future goals like your child's education or your retirement.
• Personal Satisfaction - Your home can be a great source of pride and satisfaction, knowing that you have a solid foundation on which to build your future.

There are too many advantages to owning your own home to list here, but we hope that these few are helpful. Thanks again for your interest. Please feel free to contact us anytime. 

 

 Ask about our programs:

Low as 10% down! Owner will pre-pay your mortgae insurance! Save at least $100 per month!

Down payment assistance available up to $12,510 or 3% of loan amount in the form of a grant, does not have to be repaid.

 

Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market.  Lic #00573423 

 

      

(714) 241-4532

1525 Mesa Verde Drive East

Costa Mesa, CA   92626-5221

Posted via email from Larry Weichman's Blog (714) 241-4532

A Warm Invitation to Costa Mesa California Real Estate

A Warm Invitation to Costa Mesa California Real Estate

In spring and summer, it's easy to envision ways to enhance your home's curb appeal with a trimmed lawn, planted and potted flowers, and patios and decks arranged with outdoor furniture and an inviting grill.  But when the leaves fall and the temperatures drop, even homes in temperate climes undergo a winter transformation that can challenge a seller to create exterior appeal.

When it comes to landscaping and colorful plants, there are plenty of ornamental grasses and plants that look great in wintertime.  Purple cabbages, fountain grasses, and potted evergreens along pathways and by the door all add seasonal color and appeal.  And obviously, your sidewalk, entry path, patio and deck should be clear of leaves and or grass.

Be sure to keep in mind that shorter days mean that buyers are that much more likely to see your home after sunset, so make sure all your floodlights are clean and in working order, highlighting your home's exterior features.  Lamps with soft lighting in all your windows will also offer a warm invitation.

Finally, just to cover your bases, have photos available of your home in all its glory during the spring and summer months.  This gives buyers a better sense of your home's appeal during all the seasons of the year.  Your agent will have more tips for attracting buyers in any kind of weather.

 

Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market.  Lic #00573423 

Posted via email from Larry Weichman's Blog (714) 241-4532

CalHFA Gives First-Time Homebuyers an Attractive Option in Orange County California Real Estate!

CalHFA gives first-time homebuyers an attractive option in Orange County California Real Estate!

CalHFA is pleased to announce a new 30-year mortgage, insured by the Federal Housing Administration. According to CalHFA, this is the CalHFA’s flagship mortgage loan product to get them back in business, 

and being offered to first-time homebuyers. In addition, CalHFA has made some improvements to the California Homebuyer’s Downpayment Assistance Program (CHDAP) that makes it even more attractive

The CalHFA FHA mortgage is, at first look, simple enough: a 30-year loan with a fixed rate. It stands out for two reasons, though. One, it carries a below market interest rate, the result of ongoing bond

negotiations between CalHFA and the US Treasury. Two, when combined with CalHFA’s CHDAP or AHPP (Affordable Housing Partnership Plan) programs, the rate may drop even lower, currently giving a 0.125%

break for CHDAP and 0.25% break for AHPP. They have also made some changes to the underwriting and documentation requirements for CHDAP, so its standards conform to the standards of the first mortgage. 

CHDAP now only requires a 1% buyer contribution instead of the previous 3%. In addition, the School Facility Fee Down Payment Assistance Program has returned. This program gives a conditional grant to

purchasers of newly constructed homes in California, to be used for down payment, closing costs, upgrades, or any other aspect of the purchase. The grant averages about $5,000, and if the qualified buyer stays 

in the property for three years, it does not need to be repaid. CalHFA continues to be dedicated to safe, responsible lending. A FHA loan requires a 620 credit score, and every borrower must undergo homebuyer

counseling. This FHA loan product, along with their down payment programs, represents a new beginning for CalHFA as they move forward after the extremely challenging events of the past few years. With powerful 

products like these, CalHFA is poised to open doors for new homebuyers, and fund possibilities for the future once again.

This article is courtesy the "California Housing Finance Administration (CalHFA)"

 

Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market.  Lic #00573423 

 

 

Posted via email from Larry Weichman's Blog (714) 241-4532