Best Smart Home Tech at CES

From robot dogs to a $5,000 massage chair, the Consumer Electronics Show featured some cool George Jetson-y smart home tech that is becoming all the rage. Check out this video of some of the best and brightest for your home at CES this year. Sign me up for a laundry folding machine! Which invention would make your life easier?

 

comp-logo

Nicole Emanuel Real Estate

Coldwell Banker

(408) 410-2060

nicole.emanuel@cbnorcal.com

www.realestatebynicole.com

Advertisements

Down Payment – 10 Things to Know Before Buying a Home

For many Americans, coming up with a down payment for their first home can be a major roadblock—and quite often the reason for renting, rather than owning a home.

A down payment is the difference between the home’s purchase price and its mortgage amount. This percentage of the sale price must be paid up-front and can vary by lender, location, and loan program. A higher down payment generally translates into lower loan interest rate requirements.

Typically, a down payment comes from personal cash savings, but it can also be a gift that is not to be repaid, or a borrowed amount secured by assets.

While conventional loan down payments may be close to 20% of the sale price, government loans typically have lower down payment requirements. This allows potential homebuyers who normally cannot meet down-payment requirements an opportunity to qualify for a mortgage. Keep in mind that down payments that are less than 20% of the sale price typically require mortgage insurance payments.

10 things to know before buying a home

  • Before you start looking for a home, get pre-qualified for a loan. This will help you determine how much home you can afford and will give you an advantage over buyers who do not have their financing setup in advance.

 

  • If you have marginal or bad credit, consult your lender. You may be able to qualify for a loan depending on how long ago and what reason(s) caused the bad credit.

 

  • You will need a down payment. Down-payment requirements vary depending on the type of loan.

 

  • You will need funds for closing costs. Closing costs are charges for services related to the closing of your real estate transaction. They include, but are not limited to: Escrow fees, title policy issuance fees, mortgage insurance fees, fire, flood, and homeowners insurance, county recorder fees, and loan origination fees. Consult your lender for an actual estimate of these costs.

 

  • Some loans have “points” and some do not. A point is a loan origination fee equivalent to 1% of the loan amount. Together with the interest rate, they constitute the yield on your loan for the lender.

 

  • Mortgage rates can be fixed or adjustable. Which one is right for you depends on whether mortgage rates are at a high or a low point when you purchase, and on how long you plan to live in the home.

 

  • There are two main types of loan categories. Conventional mortgage loans are available with fixed or adjustable interest rates. Government loans include FHA fixed and adjustable rate mortgage loans, and VA fixed rate mortgage loans.

 

  • If you are a low-to-moderate-income homebuyer, there are special programs designed to help you. These loans are available through private lenders, as well as local and state housing agencies.

 

  • You may have to pay mortgage insurance. Mortgage insurance protects the lender from potential loss if you should default on your mortgage loan payment. Mortgage insurance is always required on FHA mortgage loans.

 

  • Many organizations offer home loan counseling to prospective homebuyers. They will cover home selection, REALTOR® services, lenders, loan programs, homeownership responsibilities, saving for a down-payment, and other important pieces of information.

comp-logo

Nicole Emanuel Real Estate

Coldwell Banker

(408) 410-2060

nicole.emanuel@cbnorcal.com

www.realestatebynicole.com

South Bay Local Events for January

Do you have the holiday hangover blues? While we are sad the holidays are gone for the next 361 days we are excited to share a list of some great events going on around the South Bay in January. Lots of fun things to do including family friendly events, music, sporting events and theater. Hope you get out and enjoy some of these events this month!

January 3 – January 7
Artist-Image-Figure-Skating-963e5d5e6a.jpg2018 Prudential US Figure Skating Championships
SAP Center, San Jose
http://www.sapcenter.com/events/detail/2018-prudential-us-figure-skating-championships

January 4 – 7
svas_gallery_06.jpgSilicon Valley International Auto Show
San Jose Convention Center
http://www.svautoshow.com

January 6
Logo-hero@2x.pngSesame Street Live! Let’s Party!
City National Civic Center, San Jose
https://sanjosetheaters.org/event/sesame-street-live-san-jose-2018/

January 9, January 14, January 21
mock-up-event_harlem2018_0.jpgHarlem Globetrotters
SAP Center San Jose
https://www.ticketmaster.com/harlem-globetrotters-sap-center-at-san-jose-san-jose-ca/venueartist/229393/806223

January 13
cad18842-8acd-44a4-9837-18204e171ccb_27271_CUSTOM.jpg
San Jose Sharks v. Arizona Coyotes
SAP Center San Jose
https://www1.ticketmaster.com/san-jose-sharks-vs-arizona-coyotes-san-jose-california-01-13-2018/event/1C0052D6ABAF3079#efeat4212

January 13
EnglebertHumperdinck.jpgEngelbert Humperdinck
San Jose Civic Auditorium
https://www.ticketmaster.com/engelbert-humperdinck-city-national-civic-san-jose-ca/venueartist/229461/742499

January 20CrabFeed-660x430-sRGB-V4.2-10323a9bf3.jpgMountain Winery Annual Crab Feed
The Mountain Winery, Saratoga
http://www.mountainwinery.com/events/detail/crab-feed-4

January 20, January 21
Avatar2015-2016-200px.jpgSymphony Silicon Valley Schumann’s Cello Concert
San Jose Center for the Performing Arts
http://symphonysiliconvalley.org

January 20
cad18842-8acd-44a4-9837-18204e171ccb_27271_CUSTOM.jpgSan Jose Sharks vs. Pittsburgh Penguins
SAP Center
https://www.ticketmaster.com/San-Jose-Sharks-tickets/artist/806018

January 21
c9a17cc1-3c32-44a0-a4a4-f10f199f377a_19181_CUSTOM.jpgBill Maher Live
Flint Center, Cupertino
https://www1.ticketmaster.com/bill-maher-cupertino-california-01-21-2018/event/1C00535ABAD486C7?artistid=821441&majorcatid=10002&minorcatid=51&tm_link=venue_msg-1_1C00535ABAD486C7#efeat4212

January 23 – January 27
rent-1.jpgRENT
San Jose Center for the Performing Arts
https://sanjosetheaters.org/event/rent-broadway-san-jose-2018/?instance_id=9323

January 23
20150629_114738_sharks25logo.jpgSan Jose Sharks vs. Winnipeg Jets
SAP Center
https://www.ticketmaster.com/San-Jose-Sharks-tickets/artist/806018

January 25
cad18842-8acd-44a4-9837-18204e171ccb_27271_CUSTOM.jpgSan Jose Sharks vs. New York Rangers
SAP Center
https://www.ticketmaster.com/San-Jose-Sharks-tickets/artist/806018

comp-logo

Nicole Emanuel Real Estate
Coldwell Banker
(408) 410-2060
www.realestatebynicole.com
nicole.emanuel@cbnorcal.com
BRE# 01899594