RESIDENTIAL SOLAR POWER : Pros and Cons of Solar Lease Vs Purchase
By Fayyaz (SHAWN)
March 13, 2015
Analyzing the benefits of solar lease and purchasing are not that easy at the first glance.  There are downsides to the lease and PPA programs that property owners should fully understand prior to making the decision. California Solar Initiative offers cash back to install grid connected solar system on properties. California Solar Initiative established in 2006, started with a budget of $2.1 billion to provide incentives and to assist the property owners with the cost of solar installation in ten steps. The latest update on steps can be seen
Waiting to buy a house? It'll cost you
By Fayyaz (SHAWN)
May 29, 2014
Experts agree: There's no better time to buy a home than now. Find out why...   Timing is everything when it comes to a lot of things - baking a soufflé, fertilizing your lawn, and buying a home. Not so sure about that last one? With interest rates going up and housing prices on the rise, you may think that it might not be the best time to purchase a home or even refinance the one you've got. But experts disagree.  "It is a big deal to buy a house. But if you do your homework and ...
By Fayyaz (SHAWN)
December 2, 2013
Trust in your real estate broker is the foundation of home buying, selling... I bought a house for a bit under $2 million in Los Altos, Calif., (about average for around here). The seller and I were both represented by (different) agents from the same local branch office. I was encouraged by my agent to bid aggressively for the house as “several disclosure packets had gone out” and the situation was supposedly very competitive. After my offer had been presented (and accepted), I learned that in fact my bid had been the only one presented to the sellers — ...
'Jumbo' mortgages are now cheaper than smaller mortgages
By Fayyaz (SHAWN)
September 6, 2013
Interest rates on mortgages for pricey homes have dropped below those on smaller mortgages, an event that lending executives say has never happened before. Borrowing rates for so-called jumbo mortgages, which are too big for government backing, historically have been set higher than rates on what are known as conforming loans, which are backed by Fannie Mae, Freddie Mac or government agencies. But in the past two weeks, the relationship has flipped, a combination of interest-rate volatility, government policy and banks flush with cash that are enjoying lower funding costs, making jumbo mortgages an attractive investment for them. The average 30...
Rising Mortgage Rates Show Impact
By Fayyaz (SHAWN)
July 31, 2013
Rising mortgage rates are beginning to impact the housing market, as pending home sales declined in June after reaching the highest level in more than six years, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 0.4 percent to 110.9 in June. That's down from 111.3 in May but still 10.9 percent higher than June 2012. “Mortgage interest rates began to rise in May, taking some of the momentum out of contract activity in June,” said NAR chief economist Lawrence Yun. He noted that a persistent lack of inventory also contributed ...