Archive for the 'New Homes' Category
Although Congress passed this law back in 2007 and extended it through this year (2011), this remains a common question for owners of real estate. Mortgage insurance is typically a monthly expense that occurs when a property is purchased with less than 20% down payment or refinanced with less than 20% equity.
Homeowners who itemize their income tax deductions on the Federal Schedule A tax form can claim the PMI by entering it on line 13, in the section entitled “Interest You Paid”. You should find this figure on the form 1098 mailed to you by your lender at the beginning of each new year. The deduction may be taken for coverage issued by the Federal Housing Administrations (FHA), Veterans Administration and the USDA Rural Housing Service as well as private insurers.
There are, of course, limitations and restrictions. For example, the PMI deduction is allowed provided you took out the mortgage on or after January 1, 2007. The total amount you may deduct may be limited or reduced based on your income and how you file (for example, married filing jointly vs. married filing separate returns). Above those maximum income limits the percentage of PMI you may deduct is reduced for every $1,000 that your income exceeds your particular limit. The current law allows this deduction through the end of this year.
For more general information checkout the following link on Bankrate.com:Deducting private mortgage insurance http://www.bankrate.com/finance/taxes/deducting-private-mortgage-insurance.aspx#ixzz1Gand6lk2
Nothing discussed above should be construed as tax advice. Heed the caveat and always seek advice from a tax professional.
Paul Gonzales, Countywide Mortgage Lending (760) 746-7388 [email protected] NMLS CA-DOC290493
A beautiful home in a dismal location, or even a dull setting, is less appealing than one which has a story. Rancho Bernado (RB) is a community of acres upon acres of golf courses, rolling hills, mountain views, and the ever changing Lake Hodges. The face of Rancho Bernardo was once one of cattle ranches, and it’s boundaries were not Escondido, Poway, and Penasquitos. In 1769, the King Spain bestowed land grants to reward his supporters, and encourage development of this area. Cattle ranches and farms consisted of thousands of acres, and the area that we now think of as Rancho Bernardo, was part of a large ranch that stretched as far south as Camp Elliott, in Mira Mesa.
The original town of Pomerado which became part of RB, was submerged when Lk. Hodges Damn was built in 1918. That tall peak on the left is Battle Mountain home of the white cross facing I-15, near Sikes Adobe Farmhouse.
If you agree that the history of the place gives it dimension and significance, here’s your chance to learn much more about RB’s past. On February 25, Rancho Bernardo Historical Society (RBHS) presents a special program featuring Early Spanish California History.
Friday, February 25 at 10 a.m. at the Museum at the Bernardo Winery
This is the first in a series of the speakers program offered at the RBHS Museum. Chris Knudson, a member of Los Californianos, will discuss Spanish California 1769 to 1823. Along with his passion for local history, Chris will share Spanish Era artifacts with the audience during his talk. This free one hour program will be presented at the Museum located in the Bernardo Winery at 13330 Paseo del Verano Norte.
Chris Knudson is an 8th-generation San Diegan and a direct descendent of José Fransciso de Ortega, one of San Diego’s founders who served as the Path-finder to the Portolá-Serra Expedition (La Ultima Conquista) of 1769 and personally escorted Father Junipero Serra to the site of the original Presidio in San Diego, where he would go on to serve as the Presidio’s first Commandant. Chris is a graduate of San Diego State. In addition to his involvement in the study of antique arms and armor, he provides private tours of early California historical sites and donates his time as a keynote speaker for speaking engagements addressing topics related to early California history.
If you are considering a home in or around Rancho Bernardo, and you’d like to learn more about how the past joined the future in 1962
attend the Rancho Bernardo Historical Society’s new Speaker’s Series. Learn more about your prospective home.
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Charming new listing in Rancho Bernardo golf course community of Ladera Bernardo. The awesome mountain views come with a Mediterranean style home, 3 Bedrooms, 2 Bathrooms, single story. Membership in the Bernardo Heights Community Center is included with home ownership here: pool, spa, tennis are all yours with this Bernardo Heights residence. Just a roll or a stroll to award winning Poway Unified Schools.
All this and Value Priced from $479,900-489,900
See the virtual tour on this beautiful home by visiting my website:
Questions? email me at [email protected]
Related Posts: Buyers, Exclusive Properties, Exclusive Properties Agents, Find A Home, Golf, Home Loans, Homeowners, Homeowners Associations, homes for sale, New Homes, New Listings, Picture Perfect Productions, Picture Perfect San Diego, Rancho Bernardo, San Diego
February is Museum Month!
San Diego Museum Month, presented by Macy’s, returns in February, 2011.Pick up Free Museum tickets at any Macy’s store in San Diego for the month of Febuary.
Come out to Coronado for the Inaugural Coronado Valentine’s Day 10K. This flat…
Sun, Feb 13
Traditions from Spain – paella with seafood, and paella with chicken and…
Savory Deli & Market
San Diego, CA
Sat, Feb 12
The one day Baja California Lobster Culinary Tour takes you from San Diego to…
Sun, Feb 20
Olympic Gold Medalist Evan Lysacek and Silver Medalist Sasha Cohen will be…
Take advantage of whale watching season during the annual migration of the…
Tue, Feb 8
Circus Vargas presents an entirely new show for 2011, under our Big Top Tent!…
Balboa Park, Presidents Lawn
San Diego, CA
Thu, Feb 10
Sat, Feb 19
It is a four-course sit-down dinner in which each guest is allowed to choose…
Mon, Feb 14
Get into blockbuster thrills. Go behind-the-scenes on the world-famous Studio…
Sat, Feb 12
Emma, a timeless love story from one of the most widely read writers of all…
See The Wizard Of Oz at San Diego Civic Theatre in San Diego. The musical…
Tue, Feb 15
Other dates C
Celebrate the Year of the Rabbit at the FREE Chinese New Year Fair in San…
San Diego Chinese Historical Museum
San Diego, CA
Sat, Feb 12 10:00 Am
I Can show you San Diego, It’s not if I can help you it’s when! Always use a professional for professional results!
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This beautiful property offers 2 bedroom and 2 full baths. New paint & carpet, newer dual pane windows, community center, handicap accessible, and 1051 sq.ft. Master bathroom was expanded and permitted to include a full laundry room. There is an additional 314 sq. ft. which is not permitted for walk-in pantry & bonus room. Property has termite clearance and has been pre-inspected. Outside offers three citrus trees, Macadamia Nut tree, and 3 raised garden beds!
Priced at $324, 900
Open House Sunday, January 23rd from 1-4!
Take a look at the virtual tour: http://www.flashitfirst.com/Gallery/16929_bellota_dr_vt1/
Related Posts: Buyers, Golf, Home Loans, Homeowners, Homeowners Associations, homes for sale, New Homes, New Listings, Open Houses, Picture Perfect Productions, Picture Perfect San Diego, Rancho Bernardo, Video & Virtual Property Tours