26.9%. According to our research of California and other state lists there were 5 registered sex offenders living in Truckee, California as of October 07, 2015. The ratio of number of residents in Truckee to the number of sex offenders is 3,231 to 1. The number of registered sex offenders compared to the number of residents in this city is a lot smaller than the state average. Median real estate property taxes paid for housing units with mortgages in 2013: $4,046 (1.0%).
The nature of a home equity loan makes it difficult to obtain one without an appraisal. After all, a lender can't tell how much equity you have in your property without knowing the accurate value.
A home equity loan is a second mortgage. Rather than refinance the entire allowable home value into one loan, the home equity loan is a cash-out loan for the amount of equity being taken out. For example, if your home is valued at $700,000 and your first mortgage balance is $490,000, you have a 70 percent loan-to-value ratio. If you are allowed to borrow up to 80 percent LTV, you can get a home equity loan for $70,000, the extra 10 percent. This is a fixed loan with fixed terms. Structuring the refinance in this manner prevents triggering premium mortgage insurance and also preserves favorable loan terms for the first mortgage.