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1/26/2016

Silver Lining in Reverse Mortgages

video

In the last weeks I have had a number of calls for reverse mortgages
Perhaps I need to re-look at the silver lining in HECM's
For someone who owns a home that they want to stay in until
they go to heaven they make sense.
Reverse mortgages are a hybrid FHA project.
No payment is necessary, but property taxes and fire insurance
must be maintained current by the Borrower.
Makes sense for certain people
Let's chat about it
Caroline Gerardo Eagle Home Mortgage, Universal American Mortgage
NMLS 324982



1/15/2016

24102 El Mirage Laguna Niguel For Sale

24102 El Mirage Laguna Niguel $799000
 
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$ 799000. Sales price 80 10 + 10 program $ 87000. needed to close
30 year fixed rate 3.875%  APR 3.941
Payment  1st                       $ 2941.33
payment 2nd 30 year          $   561.33
Property taxes                     $   832.13
Fire insurance                     $     76.00
Total $5209.80
FICO score of 721 loan costs: appraisal $500, underwriting processing $1295 escrow $1595 title $714 recording $ 96
 
 

REPhoto

HILLARY CASTON

REALTOR

01266265

Cell

(949) 922-8490

 

 

 

 

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http://www.thecoastalpropertyexperts.com/about

 

Coldwell Banker

30812 S COAST HWY

Laguna Beach CA 92651

RELogo

 

LOPhoto

Caroline Gerardo

Senior Loan Officer

NMLS #324982

 

 

Office

949-784-9699

eFax

855-883-4303

 

CarolineGerardo@eaglehm.com

www.eaglehomemortgage.com/carolinegerardo

 

Eagle Home Mortgage

100 Spectrum Center Drive Suite 500

Irvine CA 92618

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This is for informational purposes only and should not be relied upon by you. Coldwell Banker is not committing to lend money. Contact Eagle Home Mortgage directly to learn more about its mortgage products and your eligibility for such products. NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130383, NMLS #252392, NV #3244. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

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1/13/2016

Nationwide Multiple Listing Service FREE

Home Scouting
Phone App
get on the MLS
nationwide

Access
all the big dog
houses
and the
little puppies too.


From your Apple Phone go to the app store and look for the FREE
application
Download with my free secret code (my phone in case you
forget) 9497849699

Start snooping about all the sales in your neighborhood.
Look for a dream home.
Find out where there is an active open house.

Most people can only give you one local access.
This is coast to coast multiple listing service.

Live information

Not the old and wrong Zillow or Trulia errors.

Find a new DOG House?
OR
Follow the link below


http://hbsr.homescouting.com/myapp/7c135d08-ac7b-4da2-b50b-764ae8fde712

1/11/2016

Dates Property Tax Due California



Shedding a little light on when property taxes are due or late.
This chart should help you to balance your mortgage payments
when you do not have impounds included in the monthly payments.

That Christmas Bill is the one I hate. I'm paying extra principle and
then along comes the County increasing my property taxes
Property Tax Schedule Orange County California
Also true for most Counties in California

PROPERTY TAX SCHEDULE

The following schedule is intended to serve as a general guide to property-owners.

July 1
Beginning of the fiscal year.
August
Treasurer-Tax Collector’s Office mails delinquent prior year secured notices.
August 31
UNSECURED TAX DELINQUENCY DEADLINE as of 5:00 p.m. A 10% penalty plus a $75.00 collection fee is added as of 5:00 p.m.
Sept 25 – Oct 5
The Treasurer-Tax Collector’s Office mails out original SECURED PROPERTY TAX bills.
October
Unsecured Tax liens filed for unpaid unsecured accounts.
November 1
First SECURED PROPERTY TAX installment is due; delinquent UNSECURED accounts are charged additional penalties of 1.5% per month until paid.
December 10
FIRST INSTALLMENT payment deadline. A 10% penalty is added after the deadline.
January
Treasurer-Tax Collector’s Office mails delinquent notice for unpaid FIRST INSTALLMENT and SUPPLEMENTAL SECURED INSTALLMENTS.
February 1
Second SECURED PROPERTY TAX installment due.
Feb – March
Treasurer-Tax Collector mails delinquent prior year secured installment.
March – July
UNSECURED PROPERTY TAX statements mailed.
April 10
Second SECURED PROPERTY TAX installment payment deadline. A 10% penalty plus $23.00 cost is added after the deadline.
May
Treasurer-Tax Collector mails delinquent notices for any unpaid first and second installment taxes and SUPPLEMENTAL SECURED INSTALLMENTS
June 30
End of fiscal year.
July 1
Delinquent SECURED accounts and SECURED SUPPLEMENTAL accounts are transferred to delinquent tax roll and additional penalties added at 1.5% per month on any unpaid tax amounts, plus $15.00 redemption fee.

Please note that the list above includes only the more significant dates and may not include all items or activities in the regular tax cycle.  If a delinquent date falls on a weekend or holiday, the delinquent date is the next business day.   In addition, SUPPLEMENTAL TAX bills are mailed throughout the year. 



Counties In California
 Click County Name for detailed Statistics 
Population 
 Alpine County 
1,175
 Amador County 
38,091
 Butte County 
220,000
 Calaveras County 
45,578
 Colusa County 
21,419
 Contra Costa County 
1,049,025
 Del Norte County 
28,610
 El Dorado County 
181,058
 Fresno County 
930,450
 Glenn County 
28,122
 Humboldt County 
134,623
 Imperial County 
174,528
 Inyo County 
18,546
 Kern County 
839,631
 Kings County 
152,982
 Lake County 
64,665
 Lassen County 
34,895
 Los Angeles County 
9,818,605
 Madera County 
150,865
 Marin County 
252,409
 Mariposa County 
18,251
 Mendocino County 
87,841
 Merced County 
255,793
 Modoc County 
9,686
 Mono County 
14,202
 Monterey County 
415,057
 Napa County 
136,484
 Nevada County 
98,764
 Orange County 
3,010,232
 Placer County 
348,432
 Plumas County 
20,007
2,189,641
 Sacramento County 
1,418,788
 San Benito County 
55,269
 San Bernardino County 
2,035,210
 San Diego County 
3,095,313
 San Francisco County 
805,235
 San Joaquin County 
685,306
 San Luis Obispo County 
269,637
 San Mateo County 
718,451
 Santa Barbara County 
423,895
 Santa Clara County 
1,781,642
 Santa Cruz County 
262,382
 Shasta County 
177,223
 Sierra County 
3,240
 Siskiyou County 
44,900
 Solano County 
413,344
 Sonoma County 
483,878
 Stanislaus County 
514,453
 Sutter County 
94,737
 Tehama County 
63,463
 Trinity County 
13,786
 Tulare County 
442,179
 Tuolumne County 
55,365
 Ventura County 
823,318
 Yolo County 
200,849
 Yuba County 
72,155




Home Ownership


With Mortgage Rates still low
the benefits of home ownership
are many.
This info graphic reviews some
of the values.
To me the most important
are feeling you belong, being
able to make it your own,
creating an organic garden,
and raising my family.

What are the benefits
you are looking for?


1/08/2016

Mortgage Rates Like The Surf

video


Two hundred and ninety two thousand jobs are added to the economy in December versus 200k expected, I think the bond market should have moved at least one basis point. That is not the case. Here we stand this morning with the entire Treasury stack unchanged for the day. The 10yr is currently 2.14%, which is right in the middle of the range for the last 12 months. In fact the average 10yr yield for the past year was 2.135%. Additionally the 10yr is actually down since the Fed meeting when they raised interest rates and indicated they expect to raise rates around 4 times in 2016! So why is the Ten Year Bond down 15bps since December 16th? In fact why are both short term and long term rates down since the Fed announcement?
 
Falling oil prices and the glut of oil should be news to turn the Federal Reserve around, but they say that cheap prices at the pump are temporary
 
The Fed is monitoring INFLATION but in my eyes inflation has not jumped in the United States. Inflation has been below the Fed’s target of 2% for several years now. And it’s not just oil. The Bloomberg Commodity Index, which includes gold, natural gas, corn, copper, oil, soybeans, sugar, etc. is down 25% in the past year.
 
Bad news normally makes mortgage rates drop. THE CHINESE market and North Korea are bad news.
 
I don't think the gurus can ignore real job growth. Not gig second part time jobs, but real jobs.
 
Watching the stock market take some hits -- its like watching the surf on a day the tsumani sirens are singing.  The beach I walk my aged Golden Retriever is Salt Creek Beach in Dana Point California and there are tsunami signs posted on the hill. I think they went up about four years ago. Now that Honey, my Golden is 14 I don't take her down the steps as she will make me carry her home.
We have to watch the signs and listen. It used to be that the ten year bond was the tool to predict mortgage rates, today I'm not certain. Keep watching the surf, when the curve goes up... so will rates
Video of surf I took at my sister's home above in Moss Beach, California