Blog - Jessica Perla

Financing

What IS PMI and how to Avoid it

What Private Mortgage Insurance Is and How to Avoid It Paying less than 20 percent on a down payment on a house will likely require buying private mortgage insurance by the lender. The insurance, called PMI for short, is used to reimburse the bank if you default on the loan. It isn’t too expensive—usually between […]
Buying Process

A Quick Breakdown of Your Homeowners Insurance

As new homeowners will learn, borrowers need to provide their lender with proof of homeowners insurance for the full value of the property (usually the purchase price) in order to be approved for the loan. Typically, the standard insurance policy protects your new property and some possessions against damage or theft. But what, specifically, will […]
Buying Process

What Makes a Home Difficult to Insure

Home insurance may be one of the last things you’ll think about when buying a home, but in some situations, insuring your biggest asset isn’t so easy. And without insurance, you won’t be able to qualify for a home loan. Here are five things that can make getting home insurance difficult, or at least more […]
Buying Process

Protecting Yourself With an Umbrella Policy

Just as an umbrella can protect you from the rain, an umbrella insurance policy can shield you from lawsuits if something unfortunate happens at your home. Homeowners insurance usually includes some liability coverage to protect your assets if someone is injured at your home. Umbrella policies can go beyond the $300,000 liability insurance that most […]

Financing What IS PMI and how to Avoid it What Private Mortgage Insurance Is and How to Avoid It Paying less than 20 percent on a down payment on a house will likely require buying private mortgage insurance by the lender. The insurance, called PMI for short, is used to reimburse the bank if you default on the loan. It isn’t too expensive—usually between […]

Buying Process A Quick Breakdown of Your Homeowners Insurance As new homeowners will learn, borrowers need to provide their lender with proof of homeowners insurance for the full value of the property (usually the purchase price) in order to be approved for the loan. Typically, the standard insurance policy protects your new property and some possessions against damage or theft. But what, specifically, will […]

Buying Process What Makes a Home Difficult to Insure Home insurance may be one of the last things you’ll think about when buying a home, but in some situations, insuring your biggest asset isn’t so easy. And without insurance, you won’t be able to qualify for a home loan. Here are five things that can make getting home insurance difficult, or at least more […]

Buying Process Protecting Yourself With an Umbrella Policy Just as an umbrella can protect you from the rain, an umbrella insurance policy can shield you from lawsuits if something unfortunate happens at your home. Homeowners insurance usually includes some liability coverage to protect your assets if someone is injured at your home. Umbrella policies can go beyond the $300,000 liability insurance that most […]

Buying Process Who Pays for Title Insurance? Buying title insurance is a pretty straightforward process. A title company will walk you through the process and will do almost all of the work itself. Still, there are some things to know about how to find a good title insurance company and how much the service costs. When buying title insurance, look to your […]

Financing Golden State Finance Authority (GSFA) Golden State Finance Authority is a California-created program that helps people purchase homes by providing financing that is coupled with down-payment assistance. Like CALHFA MyHome down-payment assistance program, the GSFA down-payment assistance program or DPA is a junior loan that doesn’t have to be paid until you sell the home or refinance. It […]

About Me Green Designation I want to announce that I also received my Green designation from NAR. I am committed to wanting to leave the world more positively and sustainably going all the way to my ecology club days in high school. So, I am bringing my commitment and backing it up to real estate with obtaining the Green […]

California What is Proposition 19 and how does it affect you? Proposition 19: Property Tax Increase Limits on Primary Residences From the California Association of REALTORS®: How does Proposition 19 change the rules on tax basis portability? Prop 19 allows a homeowner who is 55 years of age or older, severely disabled, or whose home has been substantially damaged by wildfire or natural disaster to […]

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Jessica Perla # 02078736 ©2022 Coldwell Banker 01908304. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.