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9/29/2013

IRVINE OPEN HOUSE 176 Vintage

OPEN HOUSE TODAY SUNDAY  September 29th 2013






176 Vintage, Irvine CA


12:00- 5:00


3 Bedroom 3 Bath Single Family home
$749000 sales price

Home loan: 20% down  $149800 

30 Year Rate as of 9/29/2013  4.132 APR  / 4.125%  principle and interest     $3216.09

Property taxes monthly :                $  812.11

Fire insurance  monthly                  $   99.98

Terms/ conditions apply, rates change daily  FICO 749 owner occupied  this is not a commitment to lend

Caroline Gerardo  NMLS #324982    phone: (949) 637-8190




 

9/27/2013

Mortgage Rates Improving!

Mortgage Rates Falling From Sunny Sky :)

It feels like Fall here in Southern California and I thank God today for all my blessings. My children are working hard on their studies. I am beating the bushes for new business and old Borrowers to take a look at saving some money because mortgage rates have ticked down! Please call me to chat about perhaps refinancing out of your FHA loan with Mortgage Insurance MI or a loan with PMI because values have increased and you may be able to dump that expensive insurance.
C. G.  (949) 637-8190 anytime from 7 AM to 7 PM  NMLS 324982

Photograph of smoldering in Arizona - please be extra careful now that our hillsides are dry. Cut brush down away from your home. You know the drill.

Grand Canyon Photo from recent road trip

9/23/2013

Qualified Mortgage

 

Dodd Frank implemented 13,789 pages of rules –regulated by more than nine agencies…


More change is down the road. Wall Street still controls the mortgage market. The individual taxpayer receives no benefits from Wall Street. Dodd Frank is going to roll out more rules.

 
The big banks: J P Morgan Chase, Wells Fargo and Bank of America have gotten larger in the past five years. Big banks close small numbers of home loans. Rich bankers aren't out to offer help to consumers. Banks will move further away from the mortgage business as they are forced to buy back bad loans and keep up with regulations.


The big banks charge the largest fees for a bounced check, some are instigating flat annual fees for your account and the highest student loan rates in centuries…

Don't get me started on the student loan industry -- it is a mess.



If you believe Senior bank executives will pass on savings to the small consumer, dream again. Institutional banks will get in compliance with all the reforms and new regulations but Americans will pay for it.


Dodd Frank regulation makes it more costly to run a bank business. The little guys are getting squeezed out. The independent local bank that offered a smorgasbord of financial products will struggle to keep up with all the Federal and State regulations. They will be bought out or closed.

I can name forty things that Dodd Frank made worse for consumers.

1.     Qualified Mortgage for the consumer means:

     IF you are self employed the little wiggle room at the high debt to income ratio loan is gone, the loan calculated on your twelve month’s deposits also gone and niche mortgage is going away. This is being debated as you read this and implemented January 2014.
 
    IF a lender doesn't have enough money to buy back failed loans, they will be shut down.
 
 

 
 
Don't be looking in your mailbox for a check ...
 
Caroline Gerardo
Mortgage Banker NMLS # 324982
(949) 637-8190 cell

 

 

9/20/2013

Bath Remodel Ideas

White bathroom remodel Carrera marble countertop silver fixtures

You might think these mirrors would be too heavy, but they balance the all white bathroom

Blue and turquoise glass tiles make this shower feel like swimming in the ocean

Feminine touch to this all white bathroom is just a pink boa
White vanity is a standard one piece but it is the full length mirror found in a consignment shop with the frame repainted white that makes this a place to check the back of your dress and enjoy.

Niche shower with rounded marble tile uses small space and is elegant

Claw foot tub (is contemporary) with the use of an  antique heating steam vent as a towel rack
I've soaked in this tub with lavender and fallen asleep :)

9/18/2013

Orange County Sales August

Sixteen Different Gates Front Entrance

San Juan Capistrano blue gate


Laguna Beach brick entry






How much does a picket fence cost in Orange County?




AUGUST SALES MEDIAN PRICES 2013 ORANGE COUNTY CALIFORNIA
All homes
 
$560,000
25.8%
3,477
4.2%
Total resale houses
 
$625,000
20.7%
2,211
-1.7%
Total condominiums
 
$364,000
23.4%
965
0.1%
Total new homes
 
$707,000
28.3%
301
142.7%
Aliso Viejo
92656
$502,000
36.7%
95
-18.1%
Anaheim
92801
$395,000
17.6%
26
-13.3%
Anaheim
92802
$367,500
21.9%
19
-34.5%
Anaheim
92804
$410,000
20.6%
58
-12.1%
Anaheim
92805
$367,500
15.6%
40
8.1%
Anaheim
92806
$450,000
25.3%
27
-12.9%
Anaheim
92807
$517,500
28.7%
46
-11.5%
Anaheim
92808
$592,500
57.0%
40
-4.8%
Brea
92821
$646,250
26.1%
49
88.5%
Brea
92823
$735,000
25.6%
4
-20.0%
Buena Park
90620
$417,500
11.3%
41
20.6%
Buena Park
90621
$387,500
10.1%
23
-17.9%
Corona del Mar
92625
$1,950,000
28.8%
20
-33.3%
Costa Mesa
92626
$600,000
17.6%
36
-2.7%
Costa Mesa
92627
$590,000
29.7%
46
12.2%
Cypress
90630
$490,000
16.0%
49
2.1%
Dana Point
92624
$1,108,000
97.9%
5
-50.0%
Dana Point
92629
$750,000
19.3%
43
-30.6%
Foothill Ranch
92610
$403,000
1.4%
11
-50.0%
Fountain Valley
92708
$620,000
17.9%
65
35.4%
Fullerton
92831
$500,000
-2.9%
22
4.8%
Fullerton
92832
$420,000
37.7%
16
0.0%
Fullerton
92833
$470,000
23.7%
55
12.2%
Fullerton
92835
$580,000
8.4%
30
-14.3%
Garden Grove
92840
$350,000
17.6%
35
-35.2%
Garden Grove
92841
$450,500
43.0%
34
88.9%
Garden Grove
92843
$347,500
-1.6%
36
-7.7%
Garden Grove
92844
$345,000
-11.3%
11
-52.2%
Garden Grove
92845
$505,000
16.1%
14
-6.7%
Huntington Beach
92646
$660,500
54.9%
78
14.7%
Huntington Beach
92647
$573,500
14.7%
45
4.7%
Huntington Beach
92648
$700,000
21.7%
51
-7.3%
Huntington Beach
92649
$759,000
28.6%
53
6.0%
Irvine
92602
$673,250
15.1%
25
-7.4%
Irvine
92603
$1,002,500
3.9%
36
-2.7%
Irvine
92604
$642,000
18.9%
32
-13.5%
Irvine
92606
$685,000
15.1%
13
30.0%
Irvine
92612
$617,500
27.6%
42
-6.7%
Irvine
92614
$696,000
58.5%
20
-20.0%
Irvine
92618
$700,250
30.9%
71
54.3%
Irvine
92620
$660,000
18.2%
135
80.0%
Ladera Ranch
92694
$682,500
28.2%
62
0.0%
La Habra
90631
$394,000
23.1%
52
-18.8%
La Palma
90623
$600,000
11.5%
12
33.3%
Laguna Beach
92651
$1,550,000
13.1%
44
0.0%
Laguna Hills
92653
$605,000
30.0%
49
36.1%
Laguna Niguel
92677
$675,000
33.2%
98
-20.3%
Laguna Woods
92637
$240,000
-0.8%
54
25.6%
Lake Forest
92630
$485,000
14.1%
75
-7.4%
Los Alamitos
90720
$692,500
-4.2%
17
-15.0%
Midway City
92655
$437,500
16.7%
4
33.3%
Mission Viejo
92691
$530,000
20.9%
76
-11.6%
Mission Viejo
92692
$585,000
17.7%
88
2.3%
Newport Beach
92660
$1,395,000
14.3%
55
-21.4%
Newport Beach
92661
$1,680,000
12.9%
6
0.0%
Newport Beach
92662
$8,350,000
n/a
1
n/a
Newport Beach
92663
$1,049,500
-18.3%
28
-6.7%
Newport Coast
92657
$2,085,000
-14.1%
28
0.0%
Orange
92865
$460,000
15.0%
31
34.8%
Orange
92866
$518,500
-2.4%
12
0.0%
Orange
92867
$621,500
36.6%
45
18.4%
Orange
92868
$358,000
18.7%
10
-28.6%
Orange
92869
$570,000
20.0%
56
5.7%
Placentia
92870
$540,000
11.3%
66
24.5%
Rancho Santa Margarita
92688
$444,500
12.1%
89
0.0%
San Clemente
92672
$599,000
1.6%
45
-8.2%
San Clemente
92673
$815,000
16.9%
53
39.5%
San Juan Capistrano
92675
$674,500
43.5%
52
6.1%
Santa Ana
92701
$304,000
36.9%
30
0.0%
Santa Ana
92703
$307,500
7.9%
21
-12.5%
Santa Ana
92704
$359,000
33.5%
50
-9.1%
Santa Ana
92705
$738,000
28.9%
48
2.1%
Santa Ana
92706
$497,500
28.7%
29
-14.7%
Santa Ana
92707
$299,500
1.5%
34
-5.6%
Seal Beach
90740
$739,000
20.7%
31
121.4%
Stanton
90680
$320,000
12.3%
23
-14.8%
Trabuco/Coto
92679
$792,000
21.5%
61
-7.6%
Tustin
92780
$500,000
38.5%
45
7.1%
Tustin
92782
$690,000
46.8%
31
-54.4%
Villa Park
92861
$1,300,000
18.2%
7
-53.3%
Westminster
92683
$500,000
25.9%
52
-14.8%
Yorba Linda
92886
$725,000
22.9%
88
15.8%
Yorba Linda
92887
$645,500
-2.3%
39
116.7%