Few things sound better than paying off a thirty-year Santa Cruz real estate mortgage early.  Not only will you be free of mortgage payments, you could also save thousands of dollars in interest payments over the life of the loan.  Here are four ideas to help you pay off your mortgage early:

1. Apply any windfall monies you receive to your mortgage balance.  Be sure to indicate that this is an extra payment and should be applied exclusively to your principle. 

2. Make bi-weekly mortgage payments.  Making exactly one-half payment every two weeks will add up to a total of twenty-six half payments per year.  Or, thirteen whole payments each year instead of twelve.  That’s the secret to paying off a Santa Cruz real estate mortgage early with bi-weekly…

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We’re all looking for ways to cut costs in our Santa Cruz homes.  One of the most efficient ways to save money is to insulate.  There are two simple ways to insulate your home that you may not have thought of before.  Here is the low down on each of them:

Add Weatherstripping

You may be familiar with weatherstripping on your car, but have you ever thought about weather-stripping your house?  It comes in many different sizes, so you can easily choose the right kind for your Santa Cruz homes.  Pre-weather stripped doors are now sold in many home improvement stores. 

When choosing which weather stripping to buy, consider the amount of friction that it will need to stand up to.  It would be better to use vinyl weatherstripping in high traffic areas. You…

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If you’ve recently applied for credit to finance a Santa Cruz real estate purchase, and were declined, you might be wondering why a lender would deny you credit.  Most lenders have a checklist of qualifications necessary to get approval for a home loan, and some don’t have anything to do with what your credit score is. 

Here are the basic reasons a lender may deny a mortgage loan:

• Little or no credit.  You may be under the mistaken impression that no credit is better than bad credit, but you’d be wrong.  A blank credit history is not something a mortgage lender wants to see.  A lender needs some idea of how you make payments.  You can build your credit history by getting a department store credit card, and only using thirty percent of your available…

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At the beginning of 2008, it was predicted that green national and Santa Cruz homes would not only become a steady trend, but would also become the nationwide norm. As the home building industry struggled with economic upheaval, the building of green homes was one sector that kept growing.

Energy Star Designations

As of December, 2009, over 1 million homes have received the Energy Star designation since the program’s inception in 1995. Despite the many foreclosures, the glutted housing market and drowning homeowners, 75,000 more homes gained the Energy Star designation in 2009, raising the numbers to 1,024,200.

In 2007, 12% of single-family homes in the U.S. were Energy Star homes. In 2008, the numbers had reached 17%. Although the reports have yet to…

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Not too long ago the “Greening of America” was just an idea.  Now, it’s a government mandate.  The latest requirements for new construction may just cause the cost of new homes for sale in Santa Cruz and around the nation to rise.

In December, the Environmental Protection Agency (EPA) announced new stormwater management requirements for new construction.  These new requirements have the National Home Builder’s Association (NAHB) up in arms. In a news release posted on the NAHB website, the Chairman said the new housing regulations are unrealistic.

It all comes down to stormwater. When it rains, water hits the ground and seeps into it. In most cases, that water is absorbed and filtered by the ground, and then replenishes the world’s water supply. Not so…

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From national and Santa Cruz real estate to the U.S. economy, the predictions for 2010 are in.  Like any predictions, they vary from somewhat bright and cheery to doom and gloom:

CNBC’s Realty Check predicts:
• the beginning of a housing market recovery mid-year
• higher foreclosure inventory
• rising mortgage rates, probably leveling off around six percent.
• suffering commercial real estate

The National Association of REALTORS®’ (NAR) chief economist is projecting:
• A sustainable recovery.  The tax credit expansion will help to relieve extra housing supply through mid-2010.
• A rise in existing home sales.  The NAR is expecting existing home sales to rise as high as 5.69 million, even with continuing unemployment issues.  That's a 13.6 percent increase.

…

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Any time supply is bigger than demand, businesses start looking for a way to set them apart from their competition.  If you have a Santa Cruz home for sale, you’re probably doing the same thing. What is the competition like, though? Are you looking for similar houses, similar neighborhoods – or is the competition Nationwide? By paying attention to homes that are selling nationwide, you can find out a lot about what buyers want.

Once again, CNN Money published their “Top 100 Best Places to Live” for 2009. If your Santa Cruz home for sale is in a place similar to the Top 10, you just might have a much better chance at selling, especially if you market those positive attributes. Here are just a few of the things these places have in common:

• Small towns:…

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As many Santa Cruz real estate agents will tell you, curb appeal shouldn’t end when the sun goes down. Exterior lighting can be both utilitarian and create a welcoming atmosphere even at night. The huge variety in lighting types will also lend uniqueness to your property and make it stand out to potential buyers.

Benefits of Popular Lighting Types

• Reduces crime:  Motion-activated flood lights on the front and back porch are essential in high-crime areas and always a good idea for any area. It’s been proven that criminals don’t like Santa Cruz real estate with bright exterior lighting.  The bright lights will draw attention to visitors before they’ve ever reached your door.  Additionally, you should never discount the value of being able to see clearly…

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There are a lot of financing options to help you buy Santa Cruz real estate, if you can meet the credit guidelines. 

Most lenders prefer to use 30-year mortgage loans.  With a longer loan term, the lender can collect more money in interest over the life of the loan.  For those who are credit-worthy, a 15-year mortgage term may be offered.  So, what is the difference between the two?  Here are a few guidelines:

What About a 30-Year Mortgage?

Thirty-year mortgages are becoming the normal term for Santa Cruz real estate loans.  The payments are usually more affordable and lenders are quick to recommend them.  Lenders are more likely to offer you a higher loan amount with a 30-year loan, but the trade off is usually a higher interest rate. 

What Are The…

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Even those with a steady job and sufficient income are cautious about signing their mortgages for Santa Cruz homes for sale. They realize that signing mortgages set them up with payments for a significant amount of their lifetimes. Others worry, especially now, about losing their jobs in an unstable economy. The “what if” game begins, and potential homebuyers know that, if they lose their job, there’s a very real possibility they might lose their home.

Job-loss mortgage insurance gives homebuyers a “fallback plan” should they ever lose that stable income. It’s a definite relief to many who want to buy Santa Cruz homes for sale, but can job-loss mortgage insurance really help homeowners? Or, is it just another way to swindle the innocent out of…

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