Refinance

06/11/2025

PRICE REDUCTION
1889 Leslie Drive, Pleasant Hill, California 94523

06/09/2025

California Assembly Bill 942 (AB942) aims to amend the Public Utilities Code to address net energy metering (NEM) and tariffs for eligible customer-generators. This Bill impacts how electrical utilities compensate customers who generate their own electricity.
NET METERING CHANGES
The bill mandates that homes with rooftop solar must switch from their current net energy metering (NEM) plans to NEM 3.0 upon sale or transfer. NEM 3.0 offers significantly lower compensation for electricity sent to the grid, reducing the financial benefits of solar investments.
IMPACT ON HOMEOWNERS:
Homeowners who sell or transfer their property will see an increase in their electricity bills, estimated at around $63 per month . This change could complicate real estate transactions and affect home values.
INDUSTRY REACTION:
The California Solar and Storage Association (CALSSA) has criticized the bill, stating it breaks contractual promises with millions of solar users and undermines the value of solar investments.
LEGISLATIVE INTENT:
Proponents of the bill argue it aims to lower energy rates. However, critics claim it is designed to protect utility profits rather than benefit consumers.
The bill introduces complexities in verifying real estate transactions and could lead to confusion during property transfers, especially in inheritance, divorce, or rental property cases. The bill may discourage solar adoption and investment, impacting California’s renewable energy goals and potentially setting a precedent for other states.
When buying or selling a property with solar installations, it is crucial to understand the implications of AB 942. The bill affects the financial benefits associated with solar energy systems, which can influence property values and transaction terms. During escrow, parties must verify the status of NEM contracts and tariffs. Accurate documentation and disclosure of any existing agreements are essential to avoid disputes and ensure a smooth transaction.
WHY IT MATTERS:
AB 942 promotes sustainable energy practices by incentivizing customer-generators to produce renewable energy. Understanding the relationship between this bill and title or escrow processes is vital for real estate professionals, buyers, and sellers to navigate property transactions involving solar energy systems effectively.

04/30/2025

The spring 2025 housing market is in full swing with:
Moderate inventory growth compared to the tight supply we've seen in recent years
Stabilizing interest rates following the volatility of previous quarters
Strong buyer demand, particularly from first-time homebuyers and young families
What This Means for Buyers
If you're considering purchasing a home soon:
Be prepared to act quickly on desirable properties, as competition remains healthy in most neighborhoods
Get pre-approved before house hunting to strengthen your negotiating position
Consider looking slightly outside your ideal area to find better value in this competitive market
Be flexible with your must-haves and focus on location and structural soundness over cosmetic features
What This Means for Sellers
For those thinking about listing their property:
Strategic pricing is essential—homes priced correctly from the start typically sell faster and for better terms
Invest in curb appeal as spring showcases outdoor spaces at their best
Consider pre-listing inspections to address potential issues before they become negotiation points
Expect more showings as buyer activity traditionally increases during the spring months
How I Can Help
Whether you're buying, selling, or simply curious about how current market conditions might affect your long-term real estate plans, I'm here to help. My services include:
Personalized market analysis for your specific neighborhood
Detailed mortgage calculations based on current rates
Free Mortgage PreApproval so that you can buy with confidence
Please give me a call today if you have any questions or to schedule a consultation. I'm happy to discuss your unique situation and help you navigate the current housing market with confidence.
Mr. Hassan Sabbagh
Senior Mortgage Consultant
NMLS: 314559 CALDRE # 01340677
[email protected]
Cell: 408-275-1798
www.cardanmortgage.com/hassan
Cardan Mortgage Inc.
NMLS: 336488
Campbell, CA 95008
Mr. Hassan Sabbagh | Senior Mortgage Consultant | Cardan Mortgage Inc.
cardanmortgage.com
Mr. Hassan Sabbagh | Senior Mortgage Consultant | Cardan Mortgage Inc.
Let Mr. Hassan help you get a great rate on your next home purchase or refinance mortgage loan.

Let Mr. Hassan help you get a great rate on your next home purchase or refinance mortgage loan.

04/03/2025

As tax filing deadlines approach, I want to share some valuable information about mortgage-related tax benefits that could save you money this tax season.

Mortgage Interest Deduction
For loans originated after December 15, 2017, you can deduct interest on up to $750,000 of mortgage debt ($375,000 if married filing separately). Your Form 1098 from your lender shows the interest you paid last year.

For example, if you paid $12,000 in mortgage interest and you're in the 22% tax bracket, this deduction could potentially save you $2,640 on your federal taxes.

Property Tax Deduction
Property taxes can be deductible when you itemize, but remember there's a $10,000 cap on state and local tax (SALT) deductions. Your property tax payments typically appear on your mortgage statement if paid through escrow.

Mortgage Points Deduction
Points paid to lower your interest rate may be tax-deductible:

Points for a primary residence purchase are typically fully deductible in the year paid.
Points for refinancing must generally be deducted over the life of the loan.
Home Equity Loan Interest
Interest is only deductible if the loan was used specifically for buying, building, or substantially improving the home securing the loan. Using funds for other purposes (education, debt consolidation) makes the interest non-deductible.

Energy-Efficient Home Improvement Credits
Don't overlook potential tax credits for energy-efficient improvements like windows, doors, insulation, and certain heating and cooling systems.

How I Can Help
I recommend consulting with a qualified tax advisor about your specific tax situation, but I'm here to help you understand how your mortgage affects your overall financial picture.

If you're considering refinancing or using your home equity for improvements, I'd be happy to review your current mortgage and discuss beneficial options.

Feel free to reach out anytime for a no-obligation consultation.

This email is for informational purposes only and should not be considered tax advice. Please consult with a qualified tax professional regarding your specific circumstances.

Mr. Hassan Sabbagh
Senior Mortgage Consultant
NMLS: 314559 CALDRE # 01340677

[email protected]
Cell: 408-275-1798
Fax: 408-369-0186
www.cardanmortgage.com/hassan

Cardan Mortgage Inc.
NMLS: 336488

Let Mr. Hassan help you get a great rate on your next home purchase or refinance mortgage loan.

02/16/2025

N.Y. Fed: Consumer debt rising, auto loans under pressure
US consumer debt rose slightly in the final quarter of 2024, with credit card balances increasing $45 billion to $1.21 trillion, according to a report from the Federal Reserve Bank of New York. Delinquency rates increased slightly, with 3.6% of outstanding debt in some stage of delinquency, compared with 3.5% in the prior quarter. Auto loan balances rose by $11 billion from the previous quarter to reach $1.66 trillion, and serious delinquencies in auto loans are on the rise, as the report notes that elevated vehicle prices and interest rates have left many borrowers underwater

01/15/2025

January 14, 2025
DRE Warns Against Price Gouging in Wildfire Areas
Sacramento, Calif. – Unfortunately, Southern California is experiencing record-setting wildfires this year that has led to the evacuation of thousands of people and the loss of hundreds of homes. With this in mind, the California Department of Real Estate (DRE) reminds licensees and consumers that price gouging is a criminal offense in counties where a state of emergency has been declared.
The anti-price gouging law is triggered when the emergency declaration is issued and applies to rental housing, including hotels and motels, as well as consumer food items and other goods and services and continues for 30 days from the date of that declaration, unless it is extended.
To protect California consumers affected by wildfires, DRE will diligently investigate complaints of unlawful price gouging related to rental housing by licensees and will take appropriate disciplinary action if the evidence warrants. The law (Penal Code section 396) is intended to protect victims of disasters from being further harmed.
Price gouging is punishable by a fine of up to $10,000 and/or imprisonment for up to one year. Charges of unlawful business practices can also be brought against licensees who violate anti-price gouging laws.
DRE encourages all licensees to share in the commitment to helping, rather than taking advantage of wildfire survivors.
If you are a consumer who believes they may be a victim of price gouging as it relates to real estate transactions and rental housing, complaints can be submitted to DRE at: https://dre.ca.gov/Consumers/FileComplaint.html.

12/24/2024

Merry Christmas

This time of year is great for creating cherished memories with loved ones and enjoying the warmth of home. I hope your holiday season is filled with laughter, joy, and the special moments that make this season so magical.

Wishing you a Merry Christmas and a Happy New Year! May the year ahead bring you happiness, success, and even more reasons to celebrate.

Mr. Hassan Sabbagh
Senior Mortgage Consultant
NMLS: 314559 CALDRE # 01340677

[email protected]
Cell: 408-275-1798
Fax: 408-369-0186

Cardan Mortgage Inc.
NMLS: 336488
125 East Campbell Ave., Suite 100,
Campbell, CA 95008

12/24/2024

Business Wellness
Spotting toxic productivity in everyday routines

Toxic productivity often hides in daily habits like working through lunch or constantly checking emails, states WellGuide's Israa Nasir, who notes that these behaviors can create a lifestyle focused on doing rather than being, leading to exhaustion. Transforming these habits involves scheduling genuine breaks and balancing productivity with relationship well-being, turning productivity into a growth process driven by self-care.

11/26/2024

Happy Thanksgiving

As Thanksgiving approaches, I just wanted to take a moment to say how grateful I am for you. It’s been an honor to be part of your journey—whether it’s buying your first home, building equity, or planning for what’s next.

This time of year is all about home, family, and connection, and I hope your Thanksgiving is filled with warmth, laughter, and plenty of great memories.

If you’re thinking about your financial goals for the new year—like refinancing, investing in property, or making a move—I’m always here to help. Just reach out whenever you’re ready.

Wishing you and your loved ones a Happy Thanksgiving!

Mr. Hassan Sabbagh
Mr. Hassan Sabbagh
Senior Mortgage Consultant
NMLS: 314559 CALDRE # 01340677

[email protected]
Cell: 408-275-1798
Fax: 408-369-0186
www.cardanmortgage.com/hassan

Cardan Mortgage Inc.
NMLS: 336488
125 East Campbell Ave., Suite 100,
Campbell, CA 95008

Let Mr. Hassan help you get a great rate on your next home purchase or refinance mortgage loan.

11/26/2024

I hope you have some shared laughs around your Thanksgiving table with family and friends this Thanksgiving!
I am thankful for your continued loyalty & support.
Appreciating you on Thanksgiving & every day!