Depending on the current size and bedroom/bathroom count of your home, doing an addition could "hands down" be the best strategy to increase the value of your home. If you are in one of the typical 3 bedroom, 1 bathroom homes in Pacifica, then I would suggest that adding a 2nd bathroom or remodelling your kitchen, would increase the value more than adding another room.
I'm not sure why the need for an appraiser, but I could certainly set you up with one, just let me know. If you just need to know the current value of your home, I would be more than happy to help you with that, just send me a private message.
Thanks and good luck! Sharon... more
Points usually reduce your interest rate. The buyer buys down the rate with points. Usually a point will reduce your interest rate by about 1/8 percent. Not to be confused with upfront PMI fees on FHA loans.
Point for purchase money loans can be deducted on a b uyer's schedule A in the year incurred if (s)he itemizes. Points for refis have to be amortized over time.... more
This is a great questions for a great loan officer. I have one in Northern California is you would like a referral. I highly recommend hanging on to your cash unless you have to pay off the car, and only the lender who will be doing your loan will know if that is necessary. Hope you find a great home and Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty... more
My client just closed with 15% down on B of A loan. Certainly more contracts have higher downpayments now, which is a good thing. By "everything I see" do you mean what you read in the news? Remember news articles are written to sell newspapers. The program that is best for you can only be determined by you and your chosen mortgage professional, with assistance from your Realtor and financial advisor (if you use one) to ensure your team is on the same page with your goals. If you need a second opinion, get one.... more