Mill Valley, CA Real Estate News

By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in MILL VALLEY for $4,475. Thanks to everyone for a great transaction.  For any questions about MILL VALLEY property management or buying or selling investment properties in MILL VALLEY, call Broker Christopher Barrow at (415) 637-8934!
Comments 0
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $6,500. Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!
Comments 1
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
The Perfectly Smooth Blend of Customer Service Some of my mornings get behind schedule more quickly than I'd like to admit.  There are days when the obligations of child care and my non-negotiable self-pact to exercise will have me in a mad scramble to get to the office before the stress load becomes difficult for my team to handle without my involvement.  On those days I will sometimes stop at my neighborhood Jamba Juice on the way down to the office.  Now the Jamba staff would likely not confuse me for a "regular," but as you have probably experienced, even somewhat routine visits to a food service establishment can make it seem like you're dealing with the same folks practically every time.  So it wasn't more than a couple of stop-ins before Angel knew my order preference.  A handful...
Comments 5
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in MILL VALLEY for $6,500. Thanks to everyone for a great transaction.  For any questions about MILL VALLEY property management or buying or selling investment properties in MILL VALLEY, call Broker Christopher Barrow at (415) 637-8934!
Comments 1
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in MILL VALLEY for $7,500. Thanks to everyone for a great transaction.  For any questions about MILL VALLEY property management or buying or selling investment properties in MILL VALLEY, call Broker Christopher Barrow at (415) 637-8934!
Comments 1
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Don't Get Tricked by the 4506 What better time of year than Halloween to talk about being tricked?  One of the ways unsuspecting borrowers can fall prey to one of the worst tricks in the mortgage business is to run into issues with IRS Form 4506T.  This form, which can be found HERE, allows a third party, such as a mortgage lender, to request a transcript of your tax return.  And request it we will!  Any time we have a "fully documented" loan, which is the vast majority of cases, we'll make sure that what the borrower shows us on his tax returns is the same information provided to the IRS.  The 4506-T will be sent from the lender to the IRS and the transcript that comes back permits the lender to, line by line, make sure that what we are using for credit approval is exactly what the IRS...
Comments 19
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in MILL VALLEY for $4,595. Thanks to everyone for a great transaction.  For any questions about MILL VALLEY property management or buying or selling investment properties in MILL VALLEY, call Broker Christopher Barrow at (415) 637-8934!
Comments 0
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Unlocking a HELOC Mystery If you could create a client-facing "tip sheet" for your business, a simple punch list of things to do and not-to-do, what would be on that list?  You know, the items that always seem to fly under the radar of public knowledge and wisdom, but the ones that frequently undermine the best-of-intentioned customers?  I'm sure all of us have this wealth of "insider knowledge" that we'd love to share with the public and, as a result, save them from the misery and inconvenience of being counted among the unfortunate and unsuspecting. High on my list would be an explanation of how home equity lines of credit (HELOCs) are treated when a borrower goes to refinance a home.  Typically, a borrower would obtain a HELOC one of two ways: At the time of purchase (as with an 80-1...
Comments 3
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $6,000.00. Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!
Comments 0
By Jim Cheney, Rincon Valley Realtor 707.494.1055
(Saint Francis Property Santa Rosa, CA)
The Mountain Play is performing Beauty and The Beast at the Mt. Tamalpias Mountain Theater.  The shows are 2-4pm, Sunday afternoons only.  Come for the show, and come for the mountain theater experience!  It is the most beautiful place to see a play.Unbelievable views of SF Bay from the Mt Tam Mountain Theater Remaining shows are: Sunday June 11trh Sunday June 18 For tickets or other information, go to: Mountain Play Go once, and you'll go every year.Aundience in the greek style theater  
Comments 3
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
A Special Thank You to My Active Rain Friends "Rob, do you ever really get any business from all the time you spend writing?" We have all heard this type of question before, from colleagues, family and even detractors.  And we all have our unique way of answering it, I'm sure.  So I will say that even if I didn't "get any business" from writing, the value in the process and relationships has been well worth any kind of award or reward.   But for those who still must know the answer, I will let the 2016 Scotsman ranking for total dollar volume in production respond to them: It is with a deep sense of gratitude that I thank my online peers, friends and supporters who have helped me on this wonderful journey.  Thank you! Singing in the rain,   Robert J. SpinosaExecutive Loan AdvisorNMLS: 2...
Comments 6
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Your Mortgage on Steroids If you are self-employed and attempt to get a mortgage, you know it's tough to get a fair shake.  It seems like lenders never give the self employed the benefit of the doubt.  But what if you could have just ONE great year, instead of two, and then qualify for the loan you need? With baseball season upon us, I thought it would be fun to look back to the illustrious "steroid era" of the late 1990's and early 2000's to show us exactly how we can "juice" your application and take advantage of some of the totally legal programs that allow for just one year of tax returns in the qualification.  Why is this important?  Because in most cases, lenders will request at least two years of tax returns and then average a borrower's income across 24 months.  That exanded per...
Comments 0
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Imagine All the Savings In my life, I've originated a good number of 30-year fixed rate loans.  And to this day, "a 30" remains the most popular of all loans.  I would contend that it holds, and will continue to hold, this position not because most borrowers do a careful analysis of this mortgage's financial math and whether it aligns with their plans and needs, but because most homeowners simply do not want to contemplate any possibility of an adjustable rate mortgage at any time in their future. But "life is what happens while you're busy making plans for other things" and life happens while rates are rising.  And we're starting to see a shift among the buying public.  Gradually but consistently, the younger set is looking into hybrid ARM loans, like the 7/1 or 10/1 ARM, and realizing...
Comments 9
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Not Your Grandfather's Stated Income Loan Stated income.  No other phrase in the realm of home lending evokes as many good and bad memories, does it?  For some --- mostly loan originators who wore an ethical stripe of a different color --- the days of the liar loans are fondly remembered as "the boom years."  So too by their customers, suspecting or otherwise.  Though in that case the "boom" signaled the implosion of their financial houses, often along with the four walls they inhabited. But we're not going down that memory lane again today and we're definitely not talking about some no doc phoenix rising from the ashes here in 2017.  In fact, we are not going to talk about income qualifying and income documentation at all.  And while we're at that, we can also disregard employment cred...
Comments 20
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
The Wisdom of the Mountains My wife and I recently went for a beautiful winter hike in Squaw Valley, CA, and I'm not quite sure if it was the quiet fresh snow, the freezing waterfalls in the canyon creek, or the granite cliffs framed by cerulean sky that brought to mind the many experiences I had in some of the world's high ranges years ago when I was an aspiring alpinist.  Though we come here at this time of year to relax, reflect and plan for the year ahead, I could not help but notice how the wisdom of the mountains translates so well into what I do now --- helping California home buyers and homeowners achieve their goals through mortgage financing.  In particular, there are three mountaineering maxims that strike me as being so relevant in today's exacting real estate environment: "...
Comments 3
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
Most of us favor a high degree of predictability when it comes to things like the interest rates on mortgages. In that realm, “poised” is a bad word. When anything is poised, it means it’s about to do something different: change. For those who like predictability, change is unwelcome.But this week should provide both good and bad news when it comes to change and Marin mortgage rates. For once, a change in the immediate future is pretty nearly a sure thing. Although rates are poised, they’re poised for a comfortingly predictable change.What happens after that is a different story.Up until very recently, the mortgage interest rates offered to Marin home buyers has been an island of calm in a sea of…well, less calm, if the year’s turbulent election cycle is any example. Predictability has ...
Comments 0
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The idea of “fake news” and how to tell it from the real thing has gotten scads of attention lately, so Mill Valley web users are entitled to be more skeptical than usual of news items. Last week, there was one of those “come hither” headlines you run across on the web—but with a byline from The Washington Post, it looked like it would contain actual news.Sure enough, this one was for real: “How to Spot a Housing Rental Scam.” Housing rental scams aren’t totally unknown in California—so dispatches about how to spot any new kind of Mill Valley housing rental funny business figured to be worth checking into. It turns out that the article originated in the Washington Post for a good reason: it centered on a surge in housing rental rip-offs being attempted right now in the nation’s capital....
Comments 0
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
Some breakthrough good news has come to light. It deals with first-time home buyers.Across the U.S., first-time home buyers have been staging a disappearing act for a worrisome long time. The causes were pretty universal across much of the country: a sluggish economic recovery and tight labor market contributed to the national phenomenon. Rises in Corte Madera residential prices haven’t helped those seeking to become new homeowners locally.For Corte Madera homeowners who follow such things, the phenomenon was slowly becoming a worrisome fact—one that didn’t look like it was going away anytime soon. When you own a home, its value as collateral and at sale depends on a healthy real estate market—one that supports sustainable activity. That means that new buyers should appear in numbers at...
Comments 0
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
Real estate articles that are really just lists are now being called “listicles”—and there are certainly plenty of them around. The other day one appeared that just had to be read: Bankrate’s “7 things that could turn off homebuyers.”The actual listicle may not have been the product of much real research into houses for sale, but it was amusing. In the best social media tradition, I’d like to add a few thoughts in order to come up with a modified/improved “7 things” (for starters, there are 9):9 Things Bound to Offend Nicasio Homebuyers       Monkeys.       All right, that first requires an explanation. It headed up the Bankrate list, with a picture of a rhesus macaque clinging to a balcony railing. I’d have to agree that monkeys freewheeling around a Nicasio house for sale might drive ...
Comments 0
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
You don’t have to be beyond your 40s to begin plotting a direction for your retirement years. Most younger Mill Valley residents know this full well but (truth be told) do precious little about it. For most of us, we’re all so busy tending to career and daily living concerns that most of the time it seems like self-indulgent wool-gathering to go daydreaming about retirement plans. Besides—who has extra cash to be doing more than the bare minimum about financing retirement? It’s so far off in the future…That may be the 21st-century reality for most Mill Valley adults who aren’t close to retirement age, but in fact, some of the real estate decisions we make early on can set the stage for satisfaction in later years. That’s one of the takeaways from the brains at Age Wave, a think tank who...
Comments 0