JUST LISTED — 20 Ellington Avenue, San Francisco

START THE NEW YEAR OFF RIGHT LIVING IN THIS OUTER MISSION HOME WITH VIEWS OF SUTRO TOWER AND THE SURROUNDING HILLS! This 1400+ square foot semi-detached home has everything you need, plus all three bedrooms and one bath are located on the main level! Since this home is located at the end of a court with no direct neighbor on one side, it features extra light and some added privacy. Enjoy cozy evenings by the fireplace, and wake up to lovely views of San Francisco. An additional bonus room in the rear is the perfect space for a home office or additional living space. The lower level features added living space with three separate rooms and one bathroom. One car parking in the garage complete this home. You won’t want to miss it!

20 Ellington Avenue, San Francisco
3 bedrooms + 2 bathrooms
1,400 square feet
Listed for $998,000 Continue reading “JUST LISTED — 20 Ellington Avenue, San Francisco”

Interest Rate vs. APR: What’s the Difference?

When shopping for a new home loan, it’s easy to feel overwhelmed by the terminology that lenders and realtors use to describe various aspects of lending:  PITI, conforming/non-conforming, jumbo, conventional/nonconventional, ARM…  I often tell clients, when in doubt, ask your lender to explain anything and everything to you.  There are no dumb questions in real estate (and in life).

However, a frequent question I come across is what is the difference between an interest rate and an APR (annual percentage rate)? The answer is rather straightforward.

An interest rate is the cost you will pay each year to borrow money from your lender, expressed as a percentage of the loan amount. It does not reflect fees or any other charges you may have to pay for the loan.

An annual percentage rate (APR) is broader than an interest rate — it measures the cost to you of borrowing money, and includes not only the interest rate but also any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate.

So when shopping for a home loan, don’t forget to ask about not only the interest rate, but also the APR.  Both figures should be included in your lender’s Loan Estimate.

SOLD – 288 San Jose Avenue, San Francisco

Congratulations to my clients for purchasing their first home together!  After beating out multiple other offers, they purchased their new home in the exact neighborhood they desired.  This 2-bedroom condo is nestled between the Noe Valley and Mission Dolores neighborhoods, right where they wanted to be, and is a spacious upgrade from their previous apartment.  I’m so excited for them to move in and start making memories in their new place! Continue reading “SOLD – 288 San Jose Avenue, San Francisco”

Congress may cap mortgage interest deduction at $500K

West Coast homeowners would be affected most

As part of their attempt to overhaul the federal tax system, the GOP and Trump administration are writing legislation that would place new limits on the home mortgage tax deduction—one of the longest standing benefits for homeowners. The move would help offset revenue that would be lost by cutting corporate and personal tax rates.

Tax change could be one-two punch for California homeowners
Such a cut would have the biggest effect on owners in expensive urban centers around the U.S., as well as most of the West Coast, where home prices are among the highest in the country, according to The Los Angeles Times. This proposal is on top of another anticipated change in the tax code that would hurt Californians more than residents in any other state—the ability to deduct state and local taxes from federal taxes. Continue reading “Congress may cap mortgage interest deduction at $500K”

JUST LISTED – 2000 Ellis Street #205, San Francisco

Welcome to this sleek, contemporary 1 bedroom, 1 bathroom condo in San Francisco’s coveted Divisadero corridor. Designed by award-winning architect Stanley Saitowitz, this South-facing unit features an open floor plan, built-in Miele appliances, recessed LED lighting, and fresh paint throughout. Natural light floods the living and dining areas, and the spacious bath features a walk-in rain shower and gorgeous sliding glass doors. A rooftop terrace showcases panoramic views and seating areas offer a great space for entertaining guests. Walking distance to top rated restaurants and convenient shopping! Continue reading “JUST LISTED – 2000 Ellis Street #205, San Francisco”

Who To Notify of Your Move

Although buying a new home can be INCREDIBLY EXCITING, there are admittedly a few less-than-exciting tasks involved in the process.  One is the countless changes of address you’ll need to complete to ensure you’ll get the mail you need once you’ve made the move.  (After buying a new home, the last thing you need is a late payment on your bills and a ding on your credit report!)  So while you’re busy packing boxes and decorating your new space, don’t forget to notify the necessary people of your upcoming move.  Here’s a handy list to to help you cover your bases Continue reading “Who To Notify of Your Move”

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