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Equity is a term that is used in many facets of business such as Accounting, Shareholders positions, and Real Estate. We're going to focus on Equity as it pertains to Real Estate. First, let's unravel where Equity derives from. History shows that Equity as we know it derives back to Old French word Equite. It  originally meant the quality of being equal or fair, used mainly in the context when dealing with others, according to (etmology online)." In a way, this is similar to the description of Equity as pertains to homeownership. The market value of the home  minus how much is owed to the financial institution for the purchase of the home. About 14% of homes in Sacramento, California are purchased with CASH . And CASH is King. The more cash you can bring to make an offer on a home can heighten the chance you’ll  acquire the asset. Similar to how a business can go up and down in value so can the Real Estate market (Less volatile than the stock market). Many factors ...

What is a Mortgage? A Mortgage is a loan that is used to finance a home from a Financial institution. Why are mortgages in place? Mortgages are in place to ensure that the financial institution will be repaid for the home loan. Mortgages are a security instrument used to hold the borrower accountable for the home loan. The title of the home will go to the bank until the mortgage is paid off. When borrowee has repaid mortgage the bank will issue a deed of reconveyance . Transferring the title to the homeowner. For example, Mark and Lisa just got married. They want to buy their First home, YAY! Together they have saved $12,250. Approximately, 3.5% of the total purchase price. The cost of the home is $337,750. The difference between the down payment and the total cost of the home is $337,750. This amount is the Mortgage. The couple will have to pay the financial institution back each month (principal) plus interest. Let's say the interest on the amount the bank loan...

Hello! If you haven't heard the Feds cut interest rates to 0-0.25% down from where it previously was 1-1.25%. Let's unravel what's going on in the economy and what that means for folks like me and you. Why are the Feds cutting rates? When the Federal reserve Lowers interest rates they are encouraging economic growth in both the stock market and loans assumed. This makes sense with the current epidemic that seems to forecast regulation and uncertainty. What does this mean for the money in my Bank Account? The money you and I have in the bank will earn even less than it already is due to interest rate cuts. If interest rates go to negative like the president has proposed saver can actually lose money for keeping their money liquid. How will it affect my credit card? If you have a fixed credit card rate you shouldn't encounter many changes at all. If you have a variable rate and say the rates have been cut then your interest payment should follow. Can I refinan...