CA Loan Processing

You are never to old (or young!) to use your VA Benefits. You earned them!

2020 new conventional loan limits $510,400 for regular conventional loans $765,600 (one unit) conventional high-balance $980,325 (two units) conventional high-balance

Old rules of thumb might not apply. You might have heard that refinancing makes sense only if you can get a new mortgage with an interest rate at least a percentage point or two below your current loan. The analysis really depends on factors such as how much you could pare your monthly payments, how much you would pay in closing expenses, how long you plan to remain in the home and whether you could get a better type of loan.

Are you selling a property with the intent to buy another one within 6 months? Consider a 1031 exchange to minimize tax implications. Some details: This usually implies a minimum of two years' ownership. ... To receive the full benefit of a 1031 exchange, your replacement property should be of equal or greater value. You must identify a replacement property for the assets sold within 45 days and then conclude the exchange within 180 days. https://apiexchange.com/1031-exchange-library/

IRS Tax Tip 2019-134, September 26, 2019 With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency. Here are some details about the property lien scam that will help taxpayers recognize it: This scheme involves a letter threatening an IRS lien or levy. The scammer mails the letter to a taxpayer.... The lien or levy is based on bogus overdue taxes owed to a non-existent agency. The non-existent agencies might have a legitimate-sounding name like the "Bureau of Tax Enforcement." There is no such agency. This scam may also reference the IRS to confuse potential victims into thinking the letter is from a real agency. See more