ADVERTISING SUPPLEMENTEight Tips forHomeowners InFHFA Increases Conforming Loan Limits to$510,400, Up to $726,525 in High-Cost AreasThe Federal Housing Finance Agency recently said the maxi-mum conforming loan limits for mortgages to be acquired byFannie Mae and Freddie Mac in 2020 throughout most of theU.S. for one-unit properties will be $510,400, an increasefrom $484,350 in 2019.Wildfire ZonesSouthiand Regional Association of RealtorsBy Dan Tresierras, President, and David WkerAfter several years of record-breaking California wildfires,insurance companies haveresponded by imposing hugepremium increases on propertyowners, or even worse, flat-outdenying coverage and cancel-ing policies.SOUTHLAND REGIONALThe new ceiling loan limit for one-unit properties in most high-costareas  which covers densely populated coastal communities in Califor-nia, such as Los Angeles  will be $765,600.The Housing and Economic Recovery Act requires that the baselineconforming loan limit be adjusted each year for Fannie Mae and FreddieMac to reflectthe change inthe average U.S.home price.FHFA thirdquarter 2019house priceindex foundthat house prices increased 5.38 percent, on average, between the thirdquarters of 2018 and 2019.Realtors commended "the FHFA for increasing the 2020 loan limitsfor loans insured by Fannie Mae and Freddie Mac," said Jeanne Radsick,president of the California Association of Realtors. "The new loan limitsrecognize California's and the nation's rising home prices and will ensuremore homebuyers have access to safe and affordable mortgages,"High loan limits keep the cost of borrowing manageable for manyCalifornia homebuyers and will help improve housing affordabilitystatewide."We hope the FHFA will continue to look for ways to increasehomeownership opportunities across all housing markets, includinghigh-cost areas," Radsick said.As a result of generally rising home values, the increase in the baselineloan limit, and the increase in the ceiling loan limit, the maximum con-forming loan limit will be higher in 2020 in all but 43 counties in theU.S. Questions about the 2020 conforming loan limits can be addressedto LoanLimitQuestions@fhfa.gov and more information is available athttps://www.fhfa.gov/CLLS.ASSOCIATION OF REALTORS", INC.in compliance with current buildingcodes. Consider insuring the propertyfor replacement cost value, not justdepreciated actual cash value.Compare types of cover-age ånd limits-Get ques-Otions about coverage answered bythe insurance agent. Such as: WVill thepolicy cover the cost of rebuilding ahome to its pre-loss condition? Does itcover demolitionInsurance companies are ramping and debris re-local expertise. Check to determine ifan agent works exclusively with oneinsurance company or has access tomultiple carriers. Keep track of whichcompanies have been contacted toensure a thorough search of all avail-able options.Check for policies writtenby admitted insurancecompanies - AdmittedFEDERAL HOUSINGHere are sometips compiled bythe CaliforniaAssociation ofRealtors to helpproperty ownersmaintain theirFINANCE AGENCYINANCEcurrent insurancemoval? Is there aRealtor Dan Tresierras.2019 SRAR Presidentsary, find a newup prices or outright refusing tocoverage limit onone.renew policies in fire-prone areas temporary rentKnow Your Rights- If aninsurance company is not goingI to renew a policy on a home, theymust notify owners in writing at least45 days before the expiration date. Ifthis notice was not received, ownerscan call the Califomia Department ofInsurance at 800-927-HELP or on-line at www.insurance.ca.gov, Checkto see if the policy has a guaranteedrenewal provision. Owners also maybe entitled to a renewal under lawsapplicable to homes that are lost in adeclared disaster.and expenseswhile the homeis being repaired. What causes of lossinsurance companies are backed by theCalifornia Insurance Guarantee As-sociation, which provides protectionsif the carrier becomes insolvent. Checkthe Residential Insurance Contact Liston the DOI website for a list of admit-ted insurance companies.Ensure you are adequate-ly insuréd - Before selectingSpolicy, make sure it will coverthe likely cost to rebuild the homeare not covered?Check surplus lines insur-ance options if necessary- Surplus lines - also known as"non-admitted"- carriers do not haveCIGA protection, but they often havemore flexible offerings and may bethe best solution. If insurance cannotbe obtained from an admitted carrier,consider a surplus lines carrier, butmake sure to investigateits overall financialContact YourInsuranceCompany Im-mediately -If noticeof a rate increase ornon-renewal is received,contact the insurancecompany ASAP. Findout if there are fire-hardening steps that canbe taken to change thecompany's decision.Start Shoppingfor InsuranceEarly! -Com-pleting applications andseeking quotes is timeconsuming, but workingwith an insurance agentcan speed up the process.The consumers' sectionof the Dept. of Insurancewebsite has tools to helpowners find insuranceagents and brokers withstrength by checkingA.M. Best at www.ambest.com or a similarservice.FOUTHLAND REGHONAL ASSOCIATION OI REAITORSINVITES YOU TO SHARE IN THESPONSOR ACHILD IN NEED100TH ANNUALUse the FAIRplan as a lastINAUGURAL BALLOresort -If you'reCHEBRATING THE INSTAILATION OFout of options, contactCalifornia FAIR Planat 800-339-4099. TheFAIR Plan policy canbe expensive, and it onlycovers certain losses byfire and smoke. Thatmeans owners will needto buy Differences inConditions insurance tocover other perils, suchas theft and liability.The Southland ReponalAssociation of Realtors is alocal trade association withmore than 10,300 membersserving the San Femando andSanta Clarita ValleysPresident NaneyTrovell CarnahanAND THI 20 CoFICIRS& DIRICTORS$25SATURDAY. JANUARY 18. 2020GRAND OOMHouwoco DuneTa ye w patof e SAR Chwoofthe San Fand leSRAR alotmelely ey epricepGTDALDMLIOLADeconbar, pten wicometo te SAR Orn Nighare they widhe totol todetnCnd pnl w pat thy can har wih ther evitYou can ele pad te liday chew by eoing one af hese dl TuamonraEil TheraGnomfor deniVar gddd sARC Fon stecddayTa purchase tidets art teasponsokavcori.THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYSwww.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.comREALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics.EALTOR ADVERTISING SUPPLEMENT Eight Tips for Homeowners In FHFA Increases Conforming Loan Limits to $510,400, Up to $726,525 in High-Cost Areas The Federal Housing Finance Agency recently said the maxi- mum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020 throughout most of the U.S. for one-unit properties will be $510,400, an increase from $484,350 in 2019. Wildfire Zones Southiand Regional Association of Realtors By Dan Tresierras, President, and David Wker After several years of record- breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and cancel- ing policies. SOUTHLAND REGIONAL The new ceiling loan limit for one-unit properties in most high-cost areas  which covers densely populated coastal communities in Califor- nia, such as Los Angeles  will be $765,600. The Housing and Economic Recovery Act requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price. FHFA third quarter 2019 house price index found that house prices increased 5.38 percent, on average, between the third quarters of 2018 and 2019. Realtors commended "the FHFA for increasing the 2020 loan limits for loans insured by Fannie Mae and Freddie Mac," said Jeanne Radsick, president of the California Association of Realtors. "The new loan limits recognize California's and the nation's rising home prices and will ensure more homebuyers have access to safe and affordable mortgages," High loan limits keep the cost of borrowing manageable for many California homebuyers and will help improve housing affordability statewide. "We hope the FHFA will continue to look for ways to increase homeownership opportunities across all housing markets, including high-cost areas," Radsick said. As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum con- forming loan limit will be higher in 2020 in all but 43 counties in the U.S. Questions about the 2020 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov and more information is available at https://www.fhfa.gov/CLLS. ASSOCIATION OF REALTORS", INC. in compliance with current building codes. Consider insuring the property for replacement cost value, not just depreciated actual cash value. Compare types of cover- age ånd limits-Get ques- Otions about coverage answered by the insurance agent. Such as: WVill the policy cover the cost of rebuilding a home to its pre-loss condition? Does it cover demolition Insurance companies are ramping and debris re- local expertise. Check to determine if an agent works exclusively with one insurance company or has access to multiple carriers. Keep track of which companies have been contacted to ensure a thorough search of all avail- able options. Check for policies written by admitted insurance companies - Admitted FEDERAL HOUSING Here are some tips compiled by the California Association of Realtors to help property owners maintain their FINANCE AGENCY INANCE current insurance moval? Is there a Realtor Dan Tresierras. 2019 SRAR President sary, find a new up prices or outright refusing to coverage limit on one. renew policies in fire-prone areas temporary rent Know Your Rights- If an insurance company is not going I to renew a policy on a home, they must notify owners in writing at least 45 days before the expiration date. If this notice was not received, owners can call the Califomia Department of Insurance at 800-927-HELP or on- line at www.insurance.ca.gov, Check to see if the policy has a guaranteed renewal provision. Owners also may be entitled to a renewal under laws applicable to homes that are lost in a declared disaster. and expenses while the home is being repaired. What causes of loss insurance companies are backed by the California Insurance Guarantee As- sociation, which provides protections if the carrier becomes insolvent. Check the Residential Insurance Contact List on the DOI website for a list of admit- ted insurance companies. Ensure you are adequate- ly insuréd - Before selecting Spolicy, make sure it will cover the likely cost to rebuild the home are not covered? Check surplus lines insur- ance options if necessary - Surplus lines - also known as "non-admitted"- carriers do not have CIGA protection, but they often have more flexible offerings and may be the best solution. If insurance cannot be obtained from an admitted carrier, consider a surplus lines carrier, but make sure to investigate its overall financial Contact Your Insurance Company Im- mediately -If notice of a rate increase or non-renewal is received, contact the insurance company ASAP. Find out if there are fire- hardening steps that can be taken to change the company's decision. Start Shopping for Insurance Early! -Com- pleting applications and seeking quotes is time consuming, but working with an insurance agent can speed up the process. The consumers' section of the Dept. of Insurance website has tools to help owners find insurance agents and brokers with strength by checking A.M. Best at www. ambest.com or a similar service. FOUTHLAND REGHONAL ASSOCIATION OI REAITORS INVITES YOU TO SHARE IN THE SPONSOR A CHILD IN NEED 100TH ANNUAL Use the FAIR plan as a last INAUGURAL BALL Oresort -If you're CHEBRATING THE INSTAILATION OF out of options, contact California FAIR Plan at 800-339-4099. The FAIR Plan policy can be expensive, and it only covers certain losses by fire and smoke. That means owners will need to buy Differences in Conditions insurance to cover other perils, such as theft and liability. The Southland Reponal Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valleys President Naney Trovell Carnahan AND THI 20 CoFICIRS& DIRICTORS $25 SATURDAY. JANUARY 18. 2020 GRAND OOM Houwoco Dune Ta ye w patof e SAR Ch woofthe San Fand le SRAR alot melely ey eprice p GTDALDMLIOLA Deconbar, pte n wicometo te SAR Orn Nighare they widhe totol todetn Cnd pnl w pat thy can har wih ther e vit You can ele pad te liday chew by eoing one af hese dl Tuamonra Eil TheraGnomfor deni Var gddd sARC Fon st ecdday Ta purchase tidets art teasponso kavcori. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR

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ADVERTISING SUPPLEMENT Eight Tips for Homeowners In FHFA Increases Conforming Loan Limits to $510,400, Up to $726,525 in High-Cost Areas The Federal Housing Finance Agency recently said the maxi- mum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020 throughout most of the U.S. for one-unit properties will be $510,400, an increase from $484,350 in 2019. Wildfire Zones Southiand Regional Association of Realtors By Dan Tresierras, President, and David Wker After several years of record- breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and cancel- ing policies. SOUTHLAND REGIONAL The new ceiling loan limit for one-unit properties in most high-cost areas which covers densely populated coastal communities in Califor- nia, such as Los Angeles will be $765,600. The Housing and Economic Recovery Act requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price. FHFA third quarter 2019 house price index found that house prices increased 5.38 percent, on average, between the third quarters of 2018 and 2019. Realtors commended "the FHFA for increasing the 2020 loan limits for loans insured by Fannie Mae and Freddie Mac," said Jeanne Radsick, president of the California Association of Realtors. "The new loan limits recognize California's and the nation's rising home prices and will ensure more homebuyers have access to safe and affordable mortgages," High loan limits keep the cost of borrowing manageable for many California homebuyers and will help improve housing affordability statewide. "We hope the FHFA will continue to look for ways to increase homeownership opportunities across all housing markets, including high-cost areas," Radsick said. As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum con- forming loan limit will be higher in 2020 in all but 43 counties in the U.S. Questions about the 2020 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov and more information is available at https://www.fhfa.gov/CLLS. ASSOCIATION OF REALTORS", INC. in compliance with current building codes. Consider insuring the property for replacement cost value, not just depreciated actual cash value. Compare types of cover- age ånd limits-Get ques- Otions about coverage answered by the insurance agent. Such as: WVill the policy cover the cost of rebuilding a home to its pre-loss condition? Does it cover demolition Insurance companies are ramping and debris re- local expertise. Check to determine if an agent works exclusively with one insurance company or has access to multiple carriers. Keep track of which companies have been contacted to ensure a thorough search of all avail- able options. Check for policies written by admitted insurance companies - Admitted FEDERAL HOUSING Here are some tips compiled by the California Association of Realtors to help property owners maintain their FINANCE AGENCY INANCE current insurance moval? Is there a Realtor Dan Tresierras. 2019 SRAR President sary, find a new up prices or outright refusing to coverage limit on one. renew policies in fire-prone areas temporary rent Know Your Rights- If an insurance company is not going I to renew a policy on a home, they must notify owners in writing at least 45 days before the expiration date. If this notice was not received, owners can call the Califomia Department of Insurance at 800-927-HELP or on- line at www.insurance.ca.gov, Check to see if the policy has a guaranteed renewal provision. Owners also may be entitled to a renewal under laws applicable to homes that are lost in a declared disaster. and expenses while the home is being repaired. What causes of loss insurance companies are backed by the California Insurance Guarantee As- sociation, which provides protections if the carrier becomes insolvent. Check the Residential Insurance Contact List on the DOI website for a list of admit- ted insurance companies. Ensure you are adequate- ly insuréd - Before selecting Spolicy, make sure it will cover the likely cost to rebuild the home are not covered? Check surplus lines insur- ance options if necessary - Surplus lines - also known as "non-admitted"- carriers do not have CIGA protection, but they often have more flexible offerings and may be the best solution. If insurance cannot be obtained from an admitted carrier, consider a surplus lines carrier, but make sure to investigate its overall financial Contact Your Insurance Company Im- mediately -If notice of a rate increase or non-renewal is received, contact the insurance company ASAP. Find out if there are fire- hardening steps that can be taken to change the company's decision. Start Shopping for Insurance Early! -Com- pleting applications and seeking quotes is time consuming, but working with an insurance agent can speed up the process. The consumers' section of the Dept. of Insurance website has tools to help owners find insurance agents and brokers with strength by checking A.M. Best at www. ambest.com or a similar service. FOUTHLAND REGHONAL ASSOCIATION OI REAITORS INVITES YOU TO SHARE IN THE SPONSOR A CHILD IN NEED 100TH ANNUAL Use the FAIR plan as a last INAUGURAL BALL Oresort -If you're CHEBRATING THE INSTAILATION OF out of options, contact California FAIR Plan at 800-339-4099. The FAIR Plan policy can be expensive, and it only covers certain losses by fire and smoke. That means owners will need to buy Differences in Conditions insurance to cover other perils, such as theft and liability. The Southland Reponal Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valleys President Naney Trovell Carnahan AND THI 20 CoFICIRS& DIRICTORS $25 SATURDAY. JANUARY 18. 2020 GRAND OOM Houwoco Dune Ta ye w patof e SAR Ch woofthe San Fand le SRAR alot melely ey eprice p GTDALDMLIOLA Deconbar, pte n wicometo te SAR Orn Nighare they widhe totol todetn Cnd pnl w pat thy can har wih ther e vit You can ele pad te liday chew by eoing one af hese dl Tuamonra Eil TheraGnomfor deni Var gddd sARC Fon st ecdday Ta purchase tidets art teasponso kavcori. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR ADVERTISING SUPPLEMENT Eight Tips for Homeowners In FHFA Increases Conforming Loan Limits to $510,400, Up to $726,525 in High-Cost Areas The Federal Housing Finance Agency recently said the maxi- mum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020 throughout most of the U.S. for one-unit properties will be $510,400, an increase from $484,350 in 2019. Wildfire Zones Southiand Regional Association of Realtors By Dan Tresierras, President, and David Wker After several years of record- breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and cancel- ing policies. SOUTHLAND REGIONAL The new ceiling loan limit for one-unit properties in most high-cost areas which covers densely populated coastal communities in Califor- nia, such as Los Angeles will be $765,600. The Housing and Economic Recovery Act requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price. FHFA third quarter 2019 house price index found that house prices increased 5.38 percent, on average, between the third quarters of 2018 and 2019. Realtors commended "the FHFA for increasing the 2020 loan limits for loans insured by Fannie Mae and Freddie Mac," said Jeanne Radsick, president of the California Association of Realtors. "The new loan limits recognize California's and the nation's rising home prices and will ensure more homebuyers have access to safe and affordable mortgages," High loan limits keep the cost of borrowing manageable for many California homebuyers and will help improve housing affordability statewide. "We hope the FHFA will continue to look for ways to increase homeownership opportunities across all housing markets, including high-cost areas," Radsick said. As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum con- forming loan limit will be higher in 2020 in all but 43 counties in the U.S. Questions about the 2020 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov and more information is available at https://www.fhfa.gov/CLLS. ASSOCIATION OF REALTORS", INC. in compliance with current building codes. Consider insuring the property for replacement cost value, not just depreciated actual cash value. Compare types of cover- age ånd limits-Get ques- Otions about coverage answered by the insurance agent. Such as: WVill the policy cover the cost of rebuilding a home to its pre-loss condition? Does it cover demolition Insurance companies are ramping and debris re- local expertise. Check to determine if an agent works exclusively with one insurance company or has access to multiple carriers. Keep track of which companies have been contacted to ensure a thorough search of all avail- able options. Check for policies written by admitted insurance companies - Admitted FEDERAL HOUSING Here are some tips compiled by the California Association of Realtors to help property owners maintain their FINANCE AGENCY INANCE current insurance moval? Is there a Realtor Dan Tresierras. 2019 SRAR President sary, find a new up prices or outright refusing to coverage limit on one. renew policies in fire-prone areas temporary rent Know Your Rights- If an insurance company is not going I to renew a policy on a home, they must notify owners in writing at least 45 days before the expiration date. If this notice was not received, owners can call the Califomia Department of Insurance at 800-927-HELP or on- line at www.insurance.ca.gov, Check to see if the policy has a guaranteed renewal provision. Owners also may be entitled to a renewal under laws applicable to homes that are lost in a declared disaster. and expenses while the home is being repaired. What causes of loss insurance companies are backed by the California Insurance Guarantee As- sociation, which provides protections if the carrier becomes insolvent. Check the Residential Insurance Contact List on the DOI website for a list of admit- ted insurance companies. Ensure you are adequate- ly insuréd - Before selecting Spolicy, make sure it will cover the likely cost to rebuild the home are not covered? Check surplus lines insur- ance options if necessary - Surplus lines - also known as "non-admitted"- carriers do not have CIGA protection, but they often have more flexible offerings and may be the best solution. If insurance cannot be obtained from an admitted carrier, consider a surplus lines carrier, but make sure to investigate its overall financial Contact Your Insurance Company Im- mediately -If notice of a rate increase or non-renewal is received, contact the insurance company ASAP. Find out if there are fire- hardening steps that can be taken to change the company's decision. Start Shopping for Insurance Early! -Com- pleting applications and seeking quotes is time consuming, but working with an insurance agent can speed up the process. The consumers' section of the Dept. of Insurance website has tools to help owners find insurance agents and brokers with strength by checking A.M. Best at www. ambest.com or a similar service. FOUTHLAND REGHONAL ASSOCIATION OI REAITORS INVITES YOU TO SHARE IN THE SPONSOR A CHILD IN NEED 100TH ANNUAL Use the FAIR plan as a last INAUGURAL BALL Oresort -If you're CHEBRATING THE INSTAILATION OF out of options, contact California FAIR Plan at 800-339-4099. The FAIR Plan policy can be expensive, and it only covers certain losses by fire and smoke. That means owners will need to buy Differences in Conditions insurance to cover other perils, such as theft and liability. The Southland Reponal Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valleys President Naney Trovell Carnahan AND THI 20 CoFICIRS& DIRICTORS $25 SATURDAY. JANUARY 18. 2020 GRAND OOM Houwoco Dune Ta ye w patof e SAR Ch woofthe San Fand le SRAR alot melely ey eprice p GTDALDMLIOLA Deconbar, pte n wicometo te SAR Orn Nighare they widhe totol todetn Cnd pnl w pat thy can har wih ther e vit You can ele pad te liday chew by eoing one af hese dl Tuamonra Eil TheraGnomfor deni Var gddd sARC Fon st ecdday Ta purchase tidets art teasponso kavcori. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR

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