NLIC.org

Edward Said:

Costs Of Winning Home In Northern California?

We Answered:

Property taxes $24,000.00
Fed Taxes 36% $840,000.00
State Income taxes 10% $240,000.00
$1,104,000.00

Marlene Said:

Help! Need Closing Cost advice.Here is my good faith estimate list. Tell me if this is about right. CALIFORNIA

We Answered:

1. Loan Origination Fee - The person charged you .50 point. Thats very good.
2. Appraisal Fee- Did the company or LO pay this themselves or did you pay for the Appraisal? Reason I am asking is this is where Double Dipping can come in. Client will pay for Appraisal and than get charge again by the LO in Funding. So make sure if you paid the Appraisal they take this out in the Final Hud-1 Statement or DONT SIGN THE DOCUMENT.
3.Funding and Review Fee- JUNK FEE if by the LO or Company. If its the Bank or Lender's Fee than its decent. Not sure who funding your Loan so cant determine
4.Tax Service to Bank - Normal
5. Wire Transfer Fee- Normal
6. Flood Determination- Title Charge and is Normal Fee
7.Processing Fee- Bit high. Could come down some.
8.Pre-Paid Intersest-Normal
9. The rest are Title Fee's and are outrageous. Unless the Seller(s) are paying this than tell them you wont sign. Notary Fee is Crazy especially if you are going to the Title Company to Sign the Documents. Definately make the Seller pay for these Costs by the Title Company.

Any more questions feel free to ask. Here to help.

Anne Said:

How much does it really cost to own a Porsche 911 Carrera 4S in California? MSRP is...?

We Answered:

I had a New Porsche in 2001 and it was great. It probably would not have been w/o a warranty as the hourly rate for the shop and getting parts for a Porsche would have me taking a 2nd mortgage out on my house!! If you're thinking about a used one take it to a garage OTHER than where you're thinking about buying it from and pay someone that knows Porsche inside and out. Don't let the place you're buying the car from tell you about that car. As you know they'll tell you anything to get you to sign on the bottom line. If they don't let you take it to somebody else I think that should tell you something!! Because of being over 50 yrs old my car insurance wasn't to much difference on that kind of a car if I remember right. If you get a fairly new one you probably won't have much to worry about and if you do get one you're love it.

Grace Said:

Can parents financed a car with their name on title/registration & add 1 or 2 additional drivers in reg?

We Answered:

You don't add drivers to a registration.
They are financing the vehicle, they own it.
There are plenty of companies who will insure you and your fiancee to drive a vehicle in your care, custody and control but registered to a relative. Shop around and find one. Start by asking yours.
Just be aware that if damages occur to the vehicle, the payments will be issued to the owner.

Felix Said:

Car Insurance for a 16 year old in California?

We Answered:

your 16 and your gonna get a 350z?
lets put it this way...

i drive a 98 honda prelude. i was added on insurance when i was 17 and for liability only, my parents insurance went up $600ish a year. for full coverage their insurance increased almost $1,000. On a 350z, at the age of 16, just know its probably going to be upwards of $800 a year on top of your parents existing insurance. (and that may be liability only)

also, if your car is salvaged title, most car insurance companies wont do more than liability coverage. This means that in the event that you hit someone else, your insurance pays for the damage to the car you hit, but you pay for the damage you did to your own car because that isn't covered for a salvaged.