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Loan Programs to Suit Your Needs

Posted in Advice, News

Interest rates are expected to continue to stay low in the near term.  Don’t delay, contact us to learn more about the many home financing programs we offer, including fixed rate, interest only and adjustable rate mortgages for:

  • Conforming (up to $417,000)
  • High Balance (up to $625,500)
  • Jumbo
  • FHA
  • FHA Back to Work
  • VA
  • HARP and more
  • Plus, we offer Down Payment Assistance Programs

To learn more, about the Federal Reserve’s anticipated preference to keep rates low, click here.  Feel free to call or email us with any questions.

Happy Valentine’s Day!

Posted in Advice

new latest happy valentines day 2013 (3)

As we celebrate Valentine’s Day, we think of our loved ones and our relationships with them.  Often in real estate we have to consider how these relationships will be reflected in the ownership of property.  For an overview of different ways you can take vesting, please click here. Wishing everyone a wonderful day of love and friendship from Silva+Villa.

Avoid Penalties, Pay 2nd Installment of Property Taxes by April 10

Posted in Advice

annualbillThe second installment payment of property taxes was officially due on February 1.  However, you have until April 10, 2014 (the delinquency date) to pay without penalties.

Property tax payments must be received or postmarked by the delinquency date to avoid penalties.  To understand postmarks and keep from paying late fees, to get copies of your property tax bill and to get more information about payment options click here.

Understand Your Buying Power

Posted in Advice

The U.S. real estate market made a robust comeback in 2013, surpassing expectations of many economists, as the combination of low inventories and historically low interest rates caused home prices to rise and even helped fuel bidding wars in some markets.  While positive trends, such as increasing home values, are expected to continue into 2014, mortgage rates are also expected to rise and could impact home buyers’ abilities to afford new homes.   Click here for more predictions for the 2014 housing market.

Don’t delay.  Find out your buying power. Let us help you find out what you can qualify for in terms of a home loan and learn about the many financing programs we offer to help meet your household needs.

Tool to Evaluate your Withholdings — IRS Withholding Calculator

Posted in Advice

It is important to check withholdings, if you have had change in your filing status, the number of dependents you are claiming or other changes affecting your income since last year for example you got married, had a child or bought a home, etc.

If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new  Form W-4Employee’s Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use your results from the calculator to help fill out the form.

Who Can Benefit From The Withholding Calculator?

  • Employees who would like to change their withholding to reduce their tax refund or their balance due;
  • Employees whose situations are only approximated by the worksheets on the paper W-4 (e.g., anyone with concurrent jobs, or couples in which both are employed; those entitled to file as Head of Household; and those with several children eligible for the Child Tax Credit);
  • Employees with non-wage income in excess of their adjustments and deductions, who would prefer to have tax on that income withheld from their paychecks rather than make periodic separate payments through the estimated tax procedures.

http://www.irs.gov/Individuals/IRS-Withholding-Calculator

Last Day to Pay Property Taxes 1st Installment without Late Fees

Posted in Advice

Today is the last day to pay Property Taxes without incurring late fees.

You can pay by:

  • Mail
  • Online
  • Phone by making a payment form your checking account or
  • Using a Credit or Debit card at http://ttc.lacounty.gov.

The Los Angeles County Tax Collector reminds taxpayers that property tax payments must be received or postmarked by the delinquency date to avoid penalties. If a payment is received after the delinquency date, with no postmark, the payment is considered late and penalties will be imposed, in accordance with State law. Continue reading

Year-End Review of Your Home Loan

Posted in Advice

As we approach the end of 2013, we would like to take a minute to remind you of an often overlooked complimentary service we offer our clients — a year-end review of your home loan terms.

We consistently work with our clients to assure them that their current financing is as competitive as possible. Please know we are available to review your mortgage to insure it is still meeting your budgetary needs and financial goals. We look forward to hearing from you and being a partner to you now and in 2014.  Please reach out to us at your convenience, by clicking here.

Property Taxes Due Starting November 1st

Posted in Advice

The month October kicks off the mailing of property tax bills by the Los Angeles Treasurer and Tax Collector.  Property tax bills are mailed out until October 31, 2013.

The first installment of real estate taxes will be due starting November 1, 2013. However, they are not considered delinquent until after 5 p.m. on December 10, 2013.

The property tax year (fiscal year) runs from July 1 to June 30. Property is taxed as of January 1 for payment in the following fiscal year.

For more information visit http://assessor.lacounty.gov/extranet/News/impdates.aspx.