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8/30/2017

HELOC Rates Rise

HELOC coming due in full?
Home Equity Loan rising?
Second Mortgage rate increase?
Home Equity Lines Of Credit are seeing rates rise
and becoming due in full as they age
Call me for solutions
(949) 784- 9699
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NMLS 324982
Although rates on first trust deeds decreased this past two days, prime seconds will not
If you have a Home Equity Line of Credit (HELOC) you should be concerned where your rate and monthly payment will be in the future

$100k line at 5.25% = $522
Take the rate @ 10% = $877
Take the rate @ 18% = $1,507
Most of these lines of credit have a lifetime cap of 18%.
Prime Rates rise for HELOC

United States Average Monthly Prime Lending Rate  Forecast 2016-2020
Bank Lending Rate in the United States is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations.
Looking forward, we estimate Bank Lending Rate in the United States to stand at 4.25 in 12 months’ time. In the long-term, the United States Average Monthly Prime Lending Rate is projected to trend around 5.25 percent in 2020, according to our econometric models.

Given the forecast, Home Equity Lines of Credit are getting pretty expensive. Get ahead of the curve and let us help you get into a fix loan.

Don’t gamble your home, moved to a fix loan!



8/01/2017

California Property Tax Percentage

California Tax rates by County Assessor
Property taxes in California Counties percentages
Cities can have additional charges such as sewer, water, police,
California Flag 
fire department, vector control.
Mellos Roos taxes can also be added when a tract is new.
Mello Roos tax pays for the curbs, gutters, roads, parks etc
built to accommodate new construction areas. This additional
tax can be very expensive. Local taxes are on average around an
additional quarter or .25%

In general property taxes are about 1.2% of current sale price and they
increase over time. Only way to reduce the property taxes is if values fall,
you can temporarily request for a formal review

Property taxes in California are a percentage of the real estate value.

Proposition 13 declared property taxes were 
assessed their 1975 value and restricted 
annual increases of the tax 
to an inflation factor, not to exceed 2% per year.

Alameda    .88%
Alpine       .58%
Amador     .77%
Butte         .74%
Calaveras  .87%
Colusa      .79%
Contra Costa .96%
Del Norte     .74%
El Dorado .81%
Fresno        .88%
Glenn        .70%
Humboldt .62%
Imperial    .94%
Inyo          .68%
Kern         .12%
Kings       .80%
Lake        .86%
Lassen     .78%
Los Angeles.79%
Madera     .89%
Marin     .78%
Mariposa .72%
Mendocino .65%
Merced    .98%
Modoc    .72%
Mono    .68%
Monterey .78%
Napa      .82%
Nevada   .82%
Orange   .71%
Placer   1.02%
Plumas   .65%
Riverside 1.13%
Sacramento .95%
San Benito 1.00%
San Bernardino .92%
San Diego .78%
San Francisco .66%
San Joaquin 1.06%
San Luis Obispo.73%
San Mateo .69%
Santa Barbara .67%
Santa Clara .79%
SantaCruz .68%
Shasta      .76%
Sierra      .62%
Siskiyou  .68%
Solano     .97%
Sonoma    .80%
Stanislaus  1.02%
Sutter     1.02%
Tehama    .73%
Trinity    .54%
Tulare    .85%
Tuolumne  .65%
Ventura   .79%
Yolo      .93%
Yuba     .95%