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4/29/2013

Home Siding



I am working on replacing warped and damaged  bevel rabbeted siding on my home in San Marin
Standard Pacific built this tract in 1991 and some homes are Cape Cod style, with this thick wooden siding. My sister and brother in law replaced siding on their house in Beacon Hill and were able to purchase the pieces directly off the shelf at Home Depot on La Paz. Unfortunately Home Depot, Lowes, and even Laguna Lumber Ganhal Lumber does not stock my siding. I can order it online but the shipping cost, the set up cost to cut the rabbet edge and bevel is pricey. 

My research into siding reveals this as a complex problem. Reomodeling or even simple home repairs are not always as straight forward as you might think. 

I would like to find a company, lumber yard or woodworker that is local to Orange County that create the siding for me.

Definitions for Siding 
This is one of three posts

Aluminum Siding: Panels of aluminum with a baked on enamel finish, think of Tin Men directed by Barry Levinson.
Backerboard:  flat material fastened to the side of a house between the studs and siding to provide a surface to attach siding to -often composite or pressed board layers or cheaper material
Battens: Strips of wood placed over joints in wood siding to seal the joints.
Beveled: Panels that are tapered rather than cut rectangular the edges are angled
Buttlock: The bottom edge of a piece of  siding which locks into the previously installed panel.
Caulking: Material used to seal joints at intersections of different materials. Used with different types of siding to join the siding to pre-existing materials.
Channel: The area where siding and soffit panels are attached to the trim or corner post. Also refers to the trim itself, which is named for the letters of the alphabet they resemble (J-channel, F-channel, etc).
Checking: A split or crack that appears along the grain of wood siding.
Clapboard: Horizontal, overlapping wood planks.
Composition Board: Siding that is composed of weather resistant, compressed wood material, pieces of wood chips and sawdust combined in a glue solution (often has fumes)
Course: Each single row of siding.
Cupping: When a warp develops in wood plank siding.
Double Course: When an underlayer of shingles or shakes is covered by a new application of siding.
Face: The siding that is visible once it is installed.
Fascia: The exterior board that runs along the edge of a roof. The fascia creates a finished look by covering up the ends of the roof rafters.
Flashing: A layer of sheet metal used under siding on windows and doors to prevent water from penetrating the home.
Gable: The triangular end of a house that stretches between the eaves and the ridgeline of the roof.
Gable Vent: A vent placed in the gable of a home that increases air flow to the attic, thereby reducing heat and moisture buildup.
Lap: The overlapping of two siding panels to allow for expansion or contraction of the siding material.
Nailing Hem: The section of siding where the nail slots are located.
Overhang: The portion of the roof that extends beyond the walls of a home. The soffit or eave is the underside of an overhang.
Plywood Siding: Plywood siding that comes in grooved or decorative patterns.
Scoring: The process of running a sharp object, such as a utility knife, across a siding panel without cutting all the way through. The panel can then easily be broken off cleanly along the line of scoring.
Single Course: Wood shingles or shakes applied so each course is exposed to the elements.
Soffit: The underside space between the end of the roof and the side of a home, often vented to provide circulation to the attic.
Square: A measurement that equals 100 square feet of siding.
Stucco: A cement, sand and water finish to a home that is water resistant. Available in a variety of finishes and styles.
Tongue and Groove: A way of connecting materials, such as wood, in which the tongue of a board is placed into the groove of the board following it.
Vinyl Siding: Plastic siding that comes in a variety of colors and styles. his doesn't last forever as they advertise and melts in a fire     
Wall Sheathing:Sheets of plywood or wood planking used to cover the wall framework of the house.
Weep Holes: Openings cut into a siding material to provide for water runoff.
Weep screed: allows moisture to escape mechanism as part of the drainage system as required at the bottom of all framed walls; by all
Wood Plank Siding: Rectangular wood planks that can be installed either horizontally or vertically.
Wood shakes: Rough, thick, uneven shingles, either hand split or cut, that can be used as a siding material.

4/27/2013

California, and American Real Estate Recovery







News media is honking about the real estate recovery. Actual statistical reports demonstrate that we are back on the road to healthy and out of the Third Great Depression.

LPS reports foreclosures down trend and drying up:

http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20130423.aspx

MacArthur Foundation reports on housing in America:

http://www.macfound.org/press/press-releases/how-housing-matters-survey-finds-american-attitudes-transformed-housing-crisis-changes-lifestyle/


California is seeing 56% improvement in the lower in real estate and coastal areas.

Get out the fireworks!

4/24/2013

Foreign National Mortgages California

 
 Foreign National Loan Program
The Foreign National Loan Program
Non-Resident and Non-U.S. Citizens borrowing in California.
 
This is suitable for example for Canadian Nationals who are purchasing investment property in the United States or may travel part of the year to warmer climates as a second home.

30-year fixed rate mortgage

 30% down payment required from borrower’s own checking or savings account with and must have 6 months reserves, reserves are not secured they are just viewed. Bank statements for the past 60 days, all pages are required

24 months of credit history

Income on foreign federal tax returns for the past 24 months are averaged. Income totals are converted into US dollars. Borrower provides signed copies of taxes, paystubs, and verification from employer

 Credit report must contain four (4) trade lines plus mortgage rating

International credit report required

Single family homes and condos allowed

Two forms of identification: passport, driver’s license etc

Borrowers with diplomatic immunity are ineligible

Borrowers may not have a Social Security number, they might only have a SIN number, or ID number

Property must be vested as real persons, for example: husband and wife as joint tenants or a single man or woman as sole and separate.

 

Mortgage borrowers sign and guarantee the promissory note.

 

Borrowers must qualify with income, investment properties not on tax returns are treated as debts without rental income.

Borrower will be notarized at a US Embassy, thumb printing is required

Other terms and conditions apply, call for information and quotes

Get pre-approved for a mortgage loan to purchase a beach house in Newport Beach, Laguna Beach,  Dana Point, San Clemente or where your dreams desire BEFORE you find the home.

newport beach san clemente dana point laguna beach laguna niguel huntington carm
Laguna Beach Charmer. I love the mint green walls and layered printed fabrics in this home
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4/23/2013

Conventional Loans California


Conventional Loans in California
Curbside Appeal in Laguna Beach




A conventional loan is a loan that is not guaranteed or insured by the federal government under the Veterans Administration (VA) the Federal Housing Administration (FHA), or the Rural Housing Service (RHS) of the U.S. Department of Agriculture or USDA (we also do these kinds of loans)
Conforming Conventional Loan follows the guidelines and maximum loan amount of government sponsored enterprises (GSE’s) such as Fannie Mae or Freddie Mac. In simple language they are also sold to two companies owned by the United States Federal Government. Though the US government hopes to make these GSE's private or publicly traded entities again, making them turn a profit is another story. The rules of the GSE's are stricter for banks than for a mortgage banker like myself, these guidelines are called bank overlays


Features of a Conforming Conventional Loan:
• As low as 3% down payment for primary residence
• Financing available for second home & investment properties
• No first-time home buyer restrictions
• No mortgage insurance with 20% down payment, we also have 80 10+ 10
• No 90-day flip restrictions
Important information: Maximum loan $$417,000.00.in some areas, High Balance also available up to $ 625500 depending on the location of the subject property. In most or Orange County, for example Newport Beach, Laguna Beach, and Dana Point the loan amount is the High Balance maximum number.

Down payment requirements for primary residence 3%, second home 10%, investment 20% down – 25% down for 3 to 4 units. Gift funds are allowed on primary and second home (buyer must have 5% of own funds unless the gift is 20% or more). PMI (private mortgage insurance) required on all loans with less than 20% down. Maximum 10 financed properties. Seller contribution allowed 3% to 90% LTV / 6% 89.9% to 75% LTV / 9% 74.9% LTV
Talk to us about your lifetime financial goals. We can find the right loan for you. My number is (949) 784-9699 and you may call me from 7:00 AM to 7:00 PM
This is not a commitment to lend, This is not a rate commitment or rate quote. Terms and conditions change over time
NMLS# 324982  Caroline Gerardo WJ BRADLEY MORTGAGE CAPITAL LLC. Newport Beach California, 92660   

4/19/2013

Bankruptcy Foreclosure Short Sale in Your Past

A helpful chart that shows the time lines for those credit ghosts in your past. Short sale being less time to get a new loan than Foreclosure. All things heal in time. Getting a new mortgage on a home in California is just a matter of getting back on your feet and paying bills on time.




4/18/2013

DEBE Mas De Lo Que Su Casa Vale?

HARP 2.0



Gracias por leer esto hoy. Podríamos reducir su tasa de interés de la hipoteca a cerca de cuatro por ciento en menos de tres semanas si usted me proporcione alguna información.
En primer lugar, necesito los últimos cuatro dígitos de su número de seguro social y el último cuatro de su esposo si él está en el título. Con lo que puedo hacer una comprobación rápida para ver si usted califica para este programa especial que tenemos.

Siguiente si ha pagado su hipoteca a tiempo los últimos 12 meses, y su préstamo fue vendido a Freddie Mac o Fannie Mae antes de abril de 2009 a pedir a sus formularios W-2 de 2012 y 2011, los impuestos federales para el año 2012 y 2011, el banco declaraciones de los últimos 60 días, copia de su póliza de seguro de incendio, una copia de su declaración de la hipoteca con Chase. No hay costo por adelantado. Tan pronto como tengo la información que pueda poner en el ordenador y le informarán de hora si tiene la aprobación final del préstamo.

Usted puede enviarme por correo electrónico la información en pdf. archivos adjuntos, o correo a mí, o me pueden proporcionar un sobre UPS para ti toda la noche.
Hoy en día un préstamo a 30 años al 4% su pago será lower.You también puede mirar a un 20 años o 15 años de préstamo a tasas más bajas en el 3 de

Espero que le ahorra un poco de dinero cada mes.


¡Con el nuevo programa HARP (por sus siglas en inglés), usted podrá refinanciar su préstamo sin importar cuánto debe en su propiedad!

¿Preocupado del alto pago en su hipoteca? ¿Le gustaría ahorrar y contar con un dinero extra cada mes? ¿Le gustaría pagar su hipoteca en menos tiempo?

Freddie Mac y Fannie Mae han modificado las guías de los refinanciamientos del programa HARP, y usted podría calificar y así beneficiarse de estos cambios. Si su préstamo es a través de Freddie Mac o Fannie Mae, el nuevo programa HARP II podría ayudarle a bajar el interés y los pagos mensuales, y a mejorar su estado financiero.

  • Es posible que la evaluación de su propiedad no sea requerida
  • No importa el monto de lo que debe si los intereses son fijos a 30 o menos años
  • Se requiere 620 puntos en su crédito
  • Su préstamo fue vendido a Freddie o Fannie antes del primero de junio de 2009
Si Freddie Mac o Fannie Mae es el dueño o si están garantizando su préstamo, usted podría calificar para refinanciar su hipoteca si las condiciones del HARP aplican a su préstamo. Además al hacer el refinanciamiento usted se beneficiará en al menos una de las siguientes formas:
  • Reducción del pago mensual (principal e interés)
  • Reducción del interés de la hipoteca
  • Reducción del plazo de amortización
  • Cambio de un interés variable a uno fijo
Si Freddie Mac o Fannie Mae es el dueño de su préstamo, llámeme hoy. Estoy disponible para asegurar de que tenga un programa de financiamiento que funcione para USTED. ¡Vamos a ver si el programa HARP II es la solución que usted ha estado buscando!


Usted puede investigar si Freddie Mac o Fannie Mae es el dueño de su préstamo si visita las siguientes páginas de internet: www.freddiemac.com/mymortgage o www.fanniemae.com/loanlookup.

Caroline Gerardo
Mortgage Loan Originator
W.J. Bradley Mortgage Capital, LLC
Office: 949.637.8190
Cell: 949.784.9699
NMLS: 324982
Contact Me
My Website
EM-03G4NA
© © 2012 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




 

4/16/2013

LIBOR Rate Rigging


Royal Bank of Scotland Libor Rate Rigging Patent Trade Secret lest BRICS colon scam may bankrupt them - House of Cards to Collapse in Silence?

Article by Mark Scott here:

http://dealbook.nytimes.com/2013/04/11/senior-r-b-s-executive-in-japan-expected-to-resign-after-libor-scandal/



Latest
Yesterday
Week Ago
Federal Funds Rate
0.15%
0.15%
0.16%
Discount Rate
0.75%
0.75%
0.75%
Overnight Libor (1 day delay)
0.16%
0.16%
0.15%
Freddie Mac 30/60
0.00%
3.00%
2.85%
Fannie Mae 30/60
3.04%
3.08%
3.16%
6 Month Libor (1 day delay)
0.44%
0.44%
0.44%
10 Year Treasury Security
1.84%
1.78%
1.86%
The Prime Rate
3.25%
3.25%
3.25%

RATES AS OF 4/15/2013

 

1 Year LIBOR
Month
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Jan
1.477%
1.4607%
3.2710%
4.9412%
5.4414%
4.22375%
2.00375%
0.98438%
0.78094%
1.12805%
0.84350%
Feb
1.368%
1.3645%
3.5114%
5.1526%
5.3328%
2.84938%
1.97500%
0.84625%
0.78125%
1.09570%
0.78100%
Mar
1.340%
1.3401%
3.8420%
5.2476%
5.2009%
2.70875%
2.11938%
0.83938%
0.79025%
1.05980%
0.75150%
Apr
1.362%
1.8082%
3.7101%
5.4217%
5.2967%
2.48625%
1.97188%
0.92000%
0.78250%
1.04850%
0.73150%
May
1.2214%
2.0764%
3.7789%
5.4139%
5.3885%
3.07875%
1.87688%
1.01563%
0.76100%
1.04720%
 
Jun
1.2014%
2.4682%
3.8632%
5.7660%
5.4048%
3.16375%
1.60000%
1.20406%
0.72950%
1.06920%
 
Jul
1.2789%
2.4632%
4.1745%
5.5910%
5.42563%
3.31063%
1.60625%
1.17313%
0.73350%
1.06800%
 
Aug
1.4714%
2.3001%
4.3123%
5.4501%
5.24500%
3.25250%
1.49750%
1.03669%
0.76025%
1.05350%
 
Sep
1.2857%
2.4445%
4.4067%
5.2985%
5.27500%
3.20688%
1.33000%
0.84306%
0.80000%
1.03200%
 
Oct
1.4551%
2.5289%
4.6765%
5.3348%
4.90125%
3.96250%
1.26375%
0.77775%
0.86489%
0.97300%
 
Nov
1.4867%
2.9607%
4.7379%
5.2439%
4.63750%
3.17375%
1.19938%
0.76219%
0.93561%
0.87550%
 
Dec
1.4582%
3.1004%
4.8226%
5.3139%
4.45750%
2.76625%
1.01750%
0.78656%
1.07106%
0.86000%



 


2010

2011

2012

2013

0.98438%

0.78094%

1.12805%

0.84350%

0.84625%

0.78125%

1.09570%

0.78100%

0.83938%

0.79025%

1.05980%

0.75150%

0.92000%

0.78250%

1.04850%

0.73150%

1.01563%

0.76100%

1.04720%

 

1.20406%

0.72950%

1.06920%

 

1.17313%

0.73350%

1.06800%

 

1.03669%

0.76025%

1.05350%

 

0.84306%

0.80000%

1.03200%

 

0.77775%

0.86489%

0.97300%

 

0.76219%

0.93561%

0.87550%

 

0.78656%

1.07106%

0.86000%


The London Inter-Bank Offered Rate, or LIBOR is calculated upon rates that contributor banks in London offer each other for inter-bank deposits.  From a bank's perspective, deposits are simply funds that are loaned to them.  LIBOR is the rate at which another London bank can borrow money from other banks.  Rate calculations are complex as they incorporate variables such as time, maturity and currency rates. There are hundreds of LIBOR rates reported each month in many world currencies. 

Price fixing and boosting the rate falsely for individual and bank gains are serious crimes; but the scandal seems hushed and secretive. The story doesn't receive much attention.
The average American probably does not understand this; but for example: many mortgage rates have been calculated by this falsely inflated index. Most Jumbo Mortgages in California are tied to LIBOR when the 11th District Cost of Funds Index started being phased out because there were few banks who controlled the Cost of Funds in California. Around 2006 the 11th District or COFI index became the index out of favor because Wells Fargo, Bank of America, and WAMU directly influenced the rates on savings deposits and dominated, perhaps cornered the whole savings market in California. Banks went to using the LIBOR that was seen as an honest and less manipulated index, how wrong that thinking was…

Have we been over charged on our LIBOR rates? Yes