12/02/2014

Fat Check for FHA

FHA' s new fat check $ 30 million

HUD write’s itself a blank check on the backs of American Borrowers.

FHA is in the black, in fact they are profitable but they stuck
this thirty million dollar charge in 2015 and God knows 
how much in the future hidden in Senate Bill 2438.

The Senate never voted on the bill, there in the fine print is an 
okay to charge on your back what looks like a four percent surcharge. This is one fat check.
A mere forty dollars per one hundred thousand sounds small
 but not when you do the math. 
In three years it will be nearly a billion dollar bonus to all the 
management of the federal Housing Administration. 
They claim they need new software, but cough cough.

Don't worry, it will only make your mortgage cost more.


Call your Senator and put squash on big spending
for government jobs, unless of course you can 
grab one. 
Wouldn't we all like a starting salary of $155,500? 
Then pay yourself an unlimited bonus…


Caroline Gerardo
opinions are my own

11/07/2014

Condo For Sale Open House Dana Point

dana point condo for sale

Dana Point Condominium for sale $349,999.00
Open House November 8th 2014 11:00 AM to 2:00 PM

25611 Quail Run Unit number 24 upstairs in back of complex facing the Creek and Ocean
Dana Point California 92629
Where can you find a bargain so close to the ocean?
Bike path and peek of ocean view.
Upstairs unit allows privacy and the feeling of being in the trees.
This clean unit is ready to move in. Owners have upgraded the kitchen with lovely butcher block counters. Sit on the balcony and enjoy your morning coffee.
Watch the birds head out to Doheny Beach and the sunrise behind them. Stroll to the park and Dana Point Community Center. Or take run on San Juan Creek trail down to historic Doheny Beach. Enjoy ocean breezes in the evening and relaxing lifestyle.
This unit makes a nice retreat as second home, could be great investor property that can be cash positive or first time homeowner.
There are two large bedrooms, and two contemporary
Gate code for added solitude.

Spinnaker Run is off Del Obispo Street and Alipaz


OPEN HOUSE SATURDAY NOVEMBER 8th Dana Point Condo

Let's Find Out How You Can Save!
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Rate Sheet
as of 11/7/2014
 
 
25611 Quail Run #24 Dana Point
Loan Description
30 year Fixed
7 Year IO
 
 
 
Rate
4.250%
3.750%
0.000%
0.000%
0.000%
APR
4.299%
3.799%
0.000%
0.000%
0.000%
 
 
 
2 BED 2 BATH CONDO built 1982 914 square feet
Down payment $ 34,999 + second of $35000.00 Need $43000 to close
4.25% 30 year fixed first   $1313 principle and interest + $175 2nd + $383 HOA + $351 Tax + $49 HO6 = 2271 total payment APR 4.299 Estimated income needed little bills $96000. owner occupied
need FICO 721 this is not a commitment to lend rates as of 11/7/2014
 
 
 
LOPhoto
Caroline Gerardo
Senior Loan Officer
NMLS #324982
Cell
949-637-8190
Office
949-784-9699
eFax
855-883-4303
 
CarolineGerardo@eaglehm.com
www.eaglehomemortgage.com/carolinegerardo
 
Eagle Home Mortgage
8105 Irvine Center Drive Suite #500
Irvine CA 92618
LOLogo
 
PHILIP R SMITH
 
01918824
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949-292-6050
Mobile
949-495-1800
Office
 
 
philiprsmith@bhhscal.com
http://www.bhhscalifornia.com/real-estate-agen
REPhoto
 
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BERKSHIRE HATHAWAY CALIFORNIA
29982 IVY GLENN DR #100
LAGUNA NIGUEL CA 92677
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This is for informational purposes only and should not be relied upon by you. BERKSHIRE HATHAWAY CALIFORNIA is not a mortgage lender. 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. Sample APRs shown are based on the rates and terms posted above factoring in prepaid interest and closing costs. Rates vary daily and may change or may not be available at the time of loan commitment, lock-in or closing. Specific loan terms apply and consumer is subject to qualification that includes, but is not limited to, owner-occupancy, minimum down payment and credit score requirements and/or any changes in investor guidelines or programs. This is not a commitment to lend. 6/12
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