Don't Get Bit By the Bank

Don't get bit by the bank.

Rates have increased and are extremely volatile. What are you waiting for? Make today the day you refinance to a lower interest rate. Consolidate your debt and put more cash in your pocket each month.
  • 15-, 20- and 30-year fixed interest rates and ARMs available
  • Second and investment homes may qualify!
  • LTV's over 125% may be possible
  • Some programs require no mortgage insurance
  • Flexible Underwriting - make sense home loans
  • USDA, FHA, 203k, VA, Conventional, Jumbo and more
Don't delay — call me today!
Mexican sage, pineapple sage, and herbs in my organic garden.

Caroline Gerardo
Mortgage Banker
W.J. Bradley Mortgage Capital, LLC
Office: 949.637.8190
Cell: 949.784.9699
NMLS: 324982



© 2013 W.J. Bradley Mortgage Capital, LLC. 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. All Borrowers and properties securing Mortgage Loans must be approved by WJB. Loan terms subject to change without notice.

Alabama Consumer Credit License No. 21654; Arizona Mortgage Banker License No. BK-0903998; Arkansas Combination Mortgage Banker-Broker-Servicer License No. 104736; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML No. 4131002; Colorado Mortgage Company Registration NMLS ID 3233 Regulated by the Division of Real Estate. To check the license status of your CO Mortgage Broker, visit; District of Columbia Dual Authority License No. MLB3233; Florida Mortgage Lender Servicer License No. MLD738; Idaho Mortgage Broker License No. MBL-7766; Iowa Mortgage Banker License No. MBK-2013-0016; Illinois Residential Mortgage Licensee – License No. MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; Kentucky Mortgage Company License No. MC92397; Maine Supervised Lender License No. 3233; Michigan 1st Mortgage Broker/Lender/Servicer Registrant No. FR0018674; Michigan 2nd Mortgage Broker/Lender/Servicer Registrant No. SR0018675; Minnesota Residential Mortgage Originator License No. MN-MO-3233; Nebraska Mortgage Banker License No. NE3233; Nevada Mortgage Banker License No. 2061; Nevada Mortgage Broker License No. 504; New Jersey Residential Mortgage Lender License No. 3233; New Mexico Mortgage Loan Company and Loan Broker Act Reg. No. 01856; North Dakota Money Broker License No. MB102448; Oklahoma Mortgage Broker – License No. MB001365; Oregon Mortgage Lender License No. ML-776; South Dakota Mortgage Lender License No. ML.04982; Texas Registered Mortgage Banker – NMLS 3233; Texas Mortgage Banker Disclosure:; Utah Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification and Utah Residential First Mortgage Notification regulated by the Utah Department of Financial Institutions; Vermont Lender License No. 6341; Washington Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access:


This message was sent from Caroline Gerardo
It was sent from: W.J. Bradley Mortgage Capital, LLC, 20341 SW Birch St., Suite 330 , Newport Beach, CA  92660



Chloramine Poison Water?

Poison in Our Orange County Tap Water?

Ocean View South Laguna We all Expect Clean Blue Water

In the past two years I have purchased two new water heaters, two washing machines, changed out my toilet flappers every four months, installed new toilets, notice yellowing in plants, dinghy white laundry and blue and white scale on my pool. The cause is Moulton Niguel Water District’s switch to chloramine. Chloramine makes water highly corrosive.  I can’t find any studies completed to demonstrate if it is safe.
my toes in the bathtub 

Plumbing trucks are now common neighbors working on replacing leaks, toilets, water heaters in Laguna Niguel. Changes in water chemistry have caused the water to become aggressive towards the piping. Copper, galvanized, plastic and fiberglass used in pool pumps are all effected with fissures, cracks and pin holes at the start.

Moulton Niguel Water Company started using chloramines recently. This cocktail of chlorine and ammonia is employed in the water treatment process to kill bacteria in our drinking water. NH2Cl is used as a disinfectant in as an alternative to chlorination.  
desert plant

Why did they switch? Moulton Niguel Water saves money by cutting chlorine costs with chloramines.

Lennar Homes and others have filed lawsuits against Moulton Niguel Water ( MNWD). The complaint alleges leaks in copper "are the direct and/or proximate result of corrosive, aggressive, and/or improperly treated water" supplied by MNWD. Lennar sued MNWD for construction leaks and for any costs, damages or settlements incurred by the home builder as a result of the leaks.

A few facts:

Chloramine releases mercury from dental amalgams (you know the old silver colored fillings in the back of your mouth).
It shakes loose lead solder in older pipes.

It quickly kills frogs and other amphibians, reptiles, turtles, fish and other aquatic and marine life, to the extent that you cannot use chloramine-treated water to fill up a fish tank or backyard fish pond.

I didn’t know it was toxic to turtles until recently after my pet of 29 years died in my yard this spring.
Chloramine corrodes rubber toilet flappers and gaskets, rubber hoses, and rubber fittings in dishwashers and water heaters.

Chloramine de-elasticizes PVC pipes. The pipes become brittle plastic. Particulate of the plastic and oil by products leach carcinogens from the plastic pipe and joint compounds into drinking water.

Chloramine doesn’t evaporate by letting it sit out in an open container. A carbon filter can remove the chemical from your drinking water.

Taking a long relaxing shower might be toxic. Heat converts chemicals to a toxic gas.

murky water

Some Suggestions:

Adding fruit, such as slices of peeled orange, to a 1-gallon water pitcher, which will softens but not totally neutralize chloramine in about 30 minutes by adding degradable food substance and raising the PH.

Boiling 26 hours or 8 hours of Ultraviolet light Dissolving a 1,000-mg vitamin C tablet into your bath water, which will neutralize the chloramine in an average-size bathtub. Ascorbic acid and sodium ascorbate neutralizes both chlorine and chloramines but degrades in a day or two which only make it usable for short-term applications. SFPUC determined that 1000 mg of Vitamin C (tablets purchased in a grocery store, crushed and mixed in with the bath water) remove chloramine completely in a medium size bathtub.

Adding water softener salt to your toilet tanks and wash loads helps a bit with the rapid breakdown of rubber and plastic parts.

I am researching water filtration systems that we might install at the water head. Even my shut off valve to the main is so badly corroded; it is difficult to turn the water off in an emergency.

There are other disinfection techniques available to City Water Districts , such as ultraviolet light and micro-filtration, which would be safer. I hope other local residents will investigate and find solutions. Meanwhile MNWD increased the cost of water…



Rates Up and Appraisal Low Whatever Shall We Do?

Presentation for the Laguna Board of Realtors June 2013
Market trends Orange County California
What drives mortgage rates? How to deal with a low appraisal now that values are pushing upwards. How to deal with mortgage rates that have increased one percent. How to still buy the house you have under contract. Rates Up and Appraisal low we can deal with it.


Bank Missed the Boat? Mortgage Rates High?

"Wells didn't lock my loan, the home dream boat is sinking..."

Bank mortgage  lender missed the boat?
Loan Type
Conv. 5/1 ARM
Conv. 7/1 ARM
Conv. 15 yr. Fixed
Conv. 30 yr. Fixed
FHA/ VA 15 yr. Fixed
FHA/ VA 30 yr. Fixed


6/21/2013 Rates subject to change. Terms and conditions may apply. Purchase transaction, 80% loan  20% cash down, middle FICO score 760, owner occupied single family rate lock 15  days
Pulling your hair out with Wells Fargo, Chase or some other bank?

Full documentation California purchase only application before 6/21/2013 3:00 PM Pacific Time
 Qualify with a real direct lender.
Underwriting is two business days.
From complete application we can close in 11 days.
This is not an offer to lend, nor loan approval. Thank Mr. Bernanke for his knee jerk reaction to President Obama. 


Fix Your Credit

Marah Macrocarpus Laguna Canyon,

Fix your Credit
Everything spiny and thorny can be repaired

This post is one of several where I offer consumers methods to improve their FICO score to get a mortgage loan. FICO scores determine a part of the interest rate you can get on a home loan. If you are shopping for a house in Newport Beach, Laguna Niguel,  or anywhere it is time to do a tune up on your FICO BEFORE you get into contract or apply for a mortgage.

·         Opt out don’t let them pull your credit and leave your information in a dumpster, don’t give people your full social security number and full driver’s license number.


·         Apply for a secured credit card: If your situation is that you will not qualify for an unsecured credit card, than a secured credit card may be a great option. Secured credit cards require a deposit into an account to serve as security for the card ($500 or terms according each individual bank). Make all payments on time, as months pass the history boosts your score.

 Become an authorized user on a family members’ credit card:
Being added as an authorized user on a family members’ credit card can help add positive credit. When added as an authorized user, you will be issued a credit card (which I would encourage you DO NOT use) and that trade line will begin being reported on your credit bureau. As time goes forward, you can benefit from the family member’s positive credit. Make sure the family member is using that credit card responsibly so that you are benefiting from a positive score.

·         Credit Unions: Establishing positive credit requires a mix of credit types (revolving and installment).  Often times, credit unions are a more gracious in dealing with consumers with less than stellar credit. Apply for a small ($500 or less), short term (12 months or less) installment loan which, when properly repaid, can add valuable points to the credit score.

Here are some other suggestions on how you can begin making some changes.

· Pay your bills on time. This sounds simple, but this is the biggest thing you can do to keep your score high. Delinquent payments and collections have a major negative impact on your score.
· Keep your balances low on unsecured revolving debt like credit cards. High balances still owed can affect a score.
· The amount of unused credit is an important factor in calculating your score. You should only apply for credit you need.
· Make sure the information on your credit report is correct. If it is not, dispute it with the Bureau Company or lender directly.
· Removing negative accounts on your credit report has the biggest impact on your score.


How Credit Is Counted:

· 35% Payment history
· 30% Amounts owed
· 15% Length of credit history
· 10% New credit
· 10% Type of credit

Stay away from small department store cards; they have a low limit and tend to bring down your overall score.
You must use credit in order for it to report to the bureaus

Stay away from Finance Cards- HSBC, furniture, mattress stores and such. Larry is not a good credit reference, it looks as if you were desperate to get no payments for six months.

 If you do not use a card it may be cancelled by the bank – this WILL hurt your score, closed accounts are not positive.

Never use more than 60% of your available credit line

Do not trust car dealers such as CARMAX here in Orange County that tell you they will only soft pull your credit. They will pull ten to fourteen inquiries to purposely make your score go down so you cannot get a car loan anywhere else.

You have a legal rights to dispute anything on your credit profile.

The Fair Credit Reporting Act gives you the legal right to dispute items on your credit reports that may be inaccurate, out of date, incomplete or unverifiable. This process must be completed in writing.

Exercise your legal rights pursuant to the Fair Credit Reporting Act, the Fair Credit Billing Act, Truth in Lending Act, and Fair Debt Collection Practices Act, as well as other applicable Federal Statues. Borrowers with higher FICO scores get lower interest rates.

this is one of 4 posts about credit repair also see