 calculate your 2015-2016 taxes on a home that had a market value of $300,000 on January 1, 2015. Your first step would be to look at your previous year’s FBYV (taken from the prior year’s property tax bill). You would add 2% to this figure and compare it to the $300,000 market value figure. The lower amount is your taxable value for that year. You then pay taxes on the amount that results from multiplying your tax rate times that taxable value.
So if you purchased the above home last year for $200,000; this year’s FBYV would be $204,000 ($200,000 + 2% for year 1). This means your taxable value would be $204,000; since that figure is lower than the $300,000 market value.
The following year, the FBYV of this home would be $208,080 ($204,000 + 2% for year 2). So that following year’s taxable value would be determined by comparing that $208,080 FBYV to the market value in that year.
NOTE: The FBYV does not change with the refinance of a home; it only changes with ownership transfers or certain other situations (like when permitted construction is performed).
Feel free to contact us if you have questions about determining the taxes on your CA home…we’re here to help!
The days of “Stated Income” loans for self-employed homebuyers are a thing of the past. Government rules now require borrowers to prove their ability to repay loans by way of an income source.
This can make things very difficult for self-employed borrowers who take heavy deductions on their tax returns, resulting in lower net business profits used for qualifying income.
However, there are common-sense lenders who understand certain business deductions don’t really affect a self-employed buyer’s “bottom line”. Among the most common deduction of this type are those for business mileage driven and use of home offices.
So it’s important for self-employed homebuyers to know they have many options when it comes to qualifying. There are lenders who can qualify self-employed borrowers based on their income prior to taking the above two deductions.
You are self-employed and have $76,000 in gross business income. After deducting $40,000 in business expenses, your tax return shows a net business income of $36,000 ($3,000 per month).
With a lender that will add these two deductions back to the net business income number, the $12,000 in mileage and home office deductions won’t affect your income qualifications. After making this $12,000 adjustment, you would be given credit for an income of $48,000 ($4,000 per month).
So while many lenders would qualify you using an income of $3,000/month, there are lenders that would use an income of $4,000/month. That’s 33% more qualifying income!
Feel free to contact us if you have questions regarding self-employed buyer qualifying. We have access to lenders who can help!
With interest rates still near all‐time low levels, an argument can certainly be made to consider a shorter mortgage term, such as a 15‐year loan versus a 30-year loan. But there are some important factors to consider.
The greatest benefit of choosing a shorter term is to know that the mortgage will be paid off in less time, saving thousands of dollars in interest payments over the life of the loan. A 15‐year term loan builds discipline, forcing you to make the 15‐year payment.
However, the shorter term comes with a steep monthly payment. A 15‐year loan payment can be several hundred dollars more per month than the 30‐year loan; and in these tough economic times, “cash is king.” That is, cash on hand is king.
Therefore, many people may be better served by having a smaller mortgage payment under a 30‐year fixed rate loan, and then saving or investing the extra money. The key is actually saving and investing the extra money. People who find themselves without a job or who have a pressing financial need would benefit from being able to access these saved funds.
While paying less interest saves you money, it may not save you exactly what you thought since your corresponding tax write‐offs will decrease. Depending on your marginal tax bracket; this could make a substantial dent in the savings you thought were being achieved with the lower interest due. So you must consider income taxes for a relative comparison.
You can also choose a point in between the 15-year and 30-year term loan. Refinances are possible to any whole term between 15 and 30 years. That means you can acquire a 17-year term loan or a 23-year term loan, if either of those terms best meet your payment and loan-payback needs.
Since an individual’s or family’s mortgage payment is often their largest monthly payment, it’s important to get individual advice about your unique situation in order to make the best decision about your home loans. Your short- and long-term financial objectives must be considered.
We’re happy to help you with this decision…don’t take it lightly!
What are your thoughts on acquiring a home loan? Is it best to go with the lowest possible payment, or shortest affordable term? Let us know your thoughts!Chains
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	"shortcode": "N4",
	"shortcodeSlug": "n4",
	"name": "Feindliche Übernahme",
	"points": -200,
	"soleProprietorship": true,
	"content": "<p align=\"left\">Auf dem globalen Markt gilt derzeit „Fressen und gefressen werden“. Aktiengesellschaften beispielsweise    können sowohl gegen den Willen der Geschäftsführung als auch der Beschäftigten „feindlich“ übernommen werden. In der    Gemeinwohl-Ökonomie soll der Stärkere den Schwächeren nicht fressen dürfen. Eine einvernehmliche Verbindung ist    hingegen kein Problem: Es müssen aber sowohl die Geschäftsführung als auch die Beschäftigten zustimmen. Liegt diese    Zustimmung nicht vor, gilt die Übernahme als feindlich.</p><p>Zur Begrifflichkeit siehe auch: <strong><a        href=\"http://de.wikipedia.org/wiki/Feindliche_%C3%9Cbernahme\" class=\"external-link\" rel=\"nofollow\">http://de.wikipedia.org/wiki/Feindliche_%C3%9Cbernahme</a></strong></p><p><strong>Redakteurin: <NAME> + <a href=\"mailto:<EMAIL>\" class=\"external-link\"                                                 rel=\"nofollow\"><EMAIL></a> (basiert auf Artikel von    <NAME>)</strong></p>"
}Two men wielding'sledgehammers' carried out at attempted smash and grab at a central London camera shop this morning.
The raiders, wearing crash helmets, broke into four glass display cabinets at York Cameras in Bury Place, which is near the British Museum.
Two members of staff were in the shop at the time of the raid, which took place at around 11am. Neither was hurt.
York Cameras’ product range includes high-end cameras such as the Canon EOS 1DS Mark III DSLR.
However, the pair are believed to have fled empty handed, according to York Cameras director Robin Rata.
They escaped on a moped and are believed to have been involved in another raid today, on a shop nearby.
York Cameras has been closed since the incident, though staff said they plan to re-open the store this afternoon, once they have cleared away broken glass.
Founded 40 years ago, York Cameras was originally based in York Road, Waterloo.
The shop moved to Bury Place in 2000.
The Metropolitan Police had yet to comment on the incident at the time of writing.Things will only get better for Scientific Games, as the company has recently started further expansion into the mobile gaming market. In July, Scientific Games announced its acquisition of Red7Mobile, a mobile and desktop casino games developer, which will certainly benefit existing customers and help to boost its overall business in all sectors.
Head Crusher: This is a bonus game based on the band’s popular single of the same name. You must pick from a group of prisoners to receive cash prizes. For every male prisoner you select, the prize pool increases. When you pick a female prisoner, the round ends. You can win a maximum of 25x your initial stake.
Players can load their accounts using Bitcoin, Maestro, Visa, MasterCard, Neteller, Skrill, Bank Transfer, Sofort, Cubits, PaySafeCard, i