Grants Gifts Money to Buy a Home

Laguna Beach House

Trust

Rate Sheet  as of 2/4/2013 Rates Change this is not a Commitment to Lend Down Payment Assistance Loan Description 30 Year 3% Grant Program  4.25%  rate 4.400 APR 5% Grant Program  4.75%  rate 4.901 APR CHDAP FHA         3.875% rate 4.021 APR CHDAP CONV.       4.125% rate 4.290 APR   Down Payment Assistance Homebuyers Fund: Designed to increase homeownership opportunities for low-to-moderate income individuals and families in California. Down Payment Assistance proceeds may be used for down payment and/or closing costs up to 5%. Or $21,100.00 It may not be enough to buy a Beach house in Laguna, but certainly a wonderful program for a first time home buyer.

Caroline Gerardo Loan Officer NMLS #324982 Cell 949-637-8190   eFax 855-883-4303 CarolineGerardo@eaglehm.com www.eaglehomemortgage.com/carolinegerardo http://cgbarbeau.blogspot.com     Committed to Seeing You Home.

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. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

This is not a commitment to lend.
Rates and terms change daily.
Borrower must qualify for FHA loan purchase.

203K The Fixer upper Loan

FINANCING A FIXER-UPPER? PURCHASE AND REHAB ALL IN ONE FHA LOAN.

This program offers the unique features that make FHA loans excellent financing solutions in today’s market:

 PURCHASE OR REFINANCE 1-4 UNIT PROPERTIES (OWNER-OCCUPIED ONLY)
FHA DOWN PAYMENT (3.5%)
FLEXIBLE CREDIT
QUALIFYING ASSUMABLE LOANS

You just love the house. Except for the leaky pipes. Or maybe the kitchen is too small. For the house that's almost perfect, we have the perfect solution: Our Renovation Mortgage, a mortgage and home improvement loan all in one. 

Purchase or refinance 
Remodel the kitchen or bath 
Renovate or add a room 
Paint the house or add siding 
Add a porch, deck or patio 
Replace a leaky roof 
Put in new flooring, carpeting or tiling 
Update electrical wiring, plumbing or heating systems 
Conserve energy with new windows


Plus much more! Call Today! Caroline Gerardo Loan Officer NMLS #324982 Cell 949-637-8190 Office 949-784-9699 eFax 855-883-4303

CarolineGerardo@eaglehm.com
http://www.eaglehomemortgage.com/CarolineGerardo



Committed to Seeing You Home. Eagle Home Mortgage 8105 Irvine Center Drive #500 Irvine CA 92618 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. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.


  Caroline Gerardo Barbeau  NMLS# 324982| 8105 Irvine Center Drive #500, Irvine, CA 92618

Mortgage One Year After Disaster

The waiting period after a bankruptcy, foreclosure, or short sale has been reduced to just one year from the event!

Back To Work FHA Program Requirements:

• Purchase Transactions Only.

• Housing counseling must be completed 30 days prior to loan application.

• The bankruptcy, foreclosure or short sale MUST be related directly to the loss of job or 20% income reduction for at least 6 months. This hardship needs paperwork documentation. 

• Credit must have been satisfactory before the bankruptcy, foreclosure or short sale and be satisfactory for a minimum of 12 months after the event.

Mortgage Rates Fall





Governor Brown get the State Troopers to Open Yosemite

Mortgage rates declined in end of September after the Federal Reserve held off slowing its $85-billion-a-month in bond purchases. The bond buys hold mortgage rates downward.

Longer-term rates have also stayed low because of the partial government vacation. Information is still available to analyze.

PPI - M/M change 0.3 % 0.2 % -0.2 % to 0.4 % n.a. %

PPI -Yr/Yr change 1.4 % n.a. %

PPI less food and energy - M/M change 0.0 % 0.1 % 0.0 % to 0.2 % n.a. %

PPI less food and energy - Yr/Yr change 1.2 % n.a. %






This release is delayed due to federal budget issues

Released On 10/11/2013 8:30:00 AM For Sep, 2013

Prior Consensus Consensus Range Actual

Retail Sales - M/M change 0.2 % 0.0 % -0.3 % to 0.5 % n.a. %

Retail Sales less autos - M/M change 0.1 % 0.4 % 0.1 % to 0.7 % n.a. %

Less Autos & Gas - M/M Change 0.1 % 0.4 % 0.1 % to 0.5 % n.a. %





This release is delayed due to federal budget issues.

Market Consensus before announcement

Retail sales in August increased 0.2 percent in August after a 0.4 percent gain the month before. This was the weakest gain in four months. However, autos jumped 0.9 after a 0.5 percent dip in July. Retail sales excluding autos edged up 0.1 percent, following a 0.6 percent rise the month before. Gasoline sales were flat, following a 0.7 percent spike in July. Excluding the auto and gasoline components, sales nudged up 0.1 percent, following a 0.6 percent boost in July. Within the core, the numbers were mixed. More recently, unit new motor vehicle sales dropped a sharp 5.1 percent in September.

JOBS reports to come in October. 

I predicted a rate Fall in around Halloween. Lenders who know me, they see me at Laguna Beach, Laguna Niguel OCAR, and Rancho Santa Margarita meetings have thanked me for being “right on” yet another time. I advised all Borrowers in August and September 2013 who had to close to do a zero points loan because a short decline is ahead before the 31st of October 2013. More than twenty Borrowers and 22 colleagues have commended me for having the proverbial crystal ball.

May I further predict: Retail sales for consumer goods going into the holiday season are not going to rise. Have you seen families carrying bags at the mall? South Coast Plaza (the mecca for the wealthy here in Orange County) has walkers, window shoppers and 82% without a purchase bag in hand.

The shutdown that began this month spurred investors to sell stocks and buy Treasury bonds. Mortgage rates tend to follow the yield on the 10-year Treasury note. The 10-year note traded at 2.67 percent Wednesday, up from 2.63 percent last week but down from 2.71 percent on Sept. 23.

The shutdown will certainly slow a housing recovery, if it drags for more than ten more working days. Federal employees are unpaid and not at their desk, but when they return we still owe them dough.

Jan Brewer today negotiated an agreement with the U.S. Department of Interior to reopen Grand Canyon National Park using state and local funds amid the ongoing federal government shutdown. Jerry Brown place the State troopers to open Yosemite and show this country who we are. Californian retirees will show up if you rally them to help run the parking and dust off the Ahwanhee. Think out of the box Governors.

On the home front, borrowers who applied at the big banks can’t to close on their mortgages on time. Some lenders are having a hard time getting confirmation of applicants' income tax returns and Social Security data because of government agency closures, delaying some mortgage closings. USDA loans are at a halt. FHA loans for certain lender bank systems are also stalled.

Furloughs at the Federal Housing Administration cripple the agency's already slow processing of loan guarantees for some low- to moderate-income borrowers and first-time homebuyers.

Meanwhile I am open for business and happy to help you close your loan.



FHA Loan ONE Year After Bankruptcy, Short Sale ...

A new ruling is coming down the pipeline that will pave the way for once-struggling homeowners to qualify for an FHA mortgage.
The Federal Housing Administration has announced in a letter to mortgagees that it will reduce the time homebuyers must wait after a bankruptcy, foreclosure or short sale before qualifying for an FHA loan.  Before the wait time was two years following the discharge of a bankruptcy, and three years following a foreclosure or short sale in addition to establishing new credit and having no late payments after the event.

The agency will reduce the wait period to one year.
"FHA recognizes the hardships faced by these borrowers, and realizes that their credit histories may not fully reflect their true ability or propensity to repay a mortgage," per FHA Commissioner Carol J. Galante this week.

But fulfilling the new, more lenient waiting period won't automatically qualify borrowers for an FHA-backed loan. Borrowers will have to show that they experienced an "economic event" whereby their household income fell by 20% or more for a period of at least six months.

 

 

Applicants must also show and explain how they have fully recovered from the event, and agree to complete housing counseling prior to closing.

Carol J. Galante began her service as the Assistant Secretary for Housing/Federal Housing Commissioner on December 30, 2012. Prior to confirmation, Galante was Acting Assistant Secretary for Housing/FHA Commissioner.

As FHA Commissioner, Ms. Galante watches over and manages the FHA’s trillion dollar insurance portfolio, which includes single family and multifamily housing.

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

 

 

 

Save Money - Free Refinance Review

 

 

Easy project for home gardens and Cheap! Galvanized Wash tub  recycled into planter. Poke holes in the bottom with a hammer and nail, add six inches of gravel then compost and save cuttings of a variety of succulents. Keep adding new pieces as you see which ones survive- rarely or never water

 

Reduce your payments or

increase your home’s value

Traditionally, homeowners resort to refinancing whenever they believe they can

reduce their monthly mortgage payment by a lower rate or by debt consolidation.

Let’s say refinancing will save you $150 a month due to a common reason today, paying off

other high interest rate debt. That’s good news, but you have to weigh these savings against

other factors such as having less to write-off in taxes, and in recouping refinancing costs.

An additional reason to refinance is to make home improvements. Rather than move up to a

larger home with higher property taxes, many Americans have elected to stay put.

 

I will review if we can get you out of expensive mortgage insurance

 

- I am seeing many clients reduce their monthly nut by $300 to $400 by refinancing

 

 from FHA to conventional with the raise in values. We can arrange for a free property profile,

 

So, knowing your primary goal — whether to reduce your overall monthly payments or to make

your home even more valuable with improvements — will tell you when to refinance.

If you would like more information about refinancing, call me today.

 

Caroline Gerardo

Mortgage Banker

W.J. Bradley Mortgage Capital, LLC

20341 SW Birch St., Suite 330

Newport Beach, CA 92660

Office: 949.637.8190

Cell: 949.784.9699

caroline.gerardo@wjbradley.com

http://mywjb.com/caroline-gerardo/

http://cgbarbeau.blogspot.com/

 

NMLS: 324982

Another easy and cheap/ free home garden project. This table was discarded road side. Distressed finish was already prepared. move an arrangement of white blue and green for a cool and soothing corner of your yard or patio.

Mortgage Loans For Your Picket Fence House

Impatiens - love them because the snails in Orange County California Don't Eat Them

 Scroll down for my picket fence picks of the week.

 

Mortgage Loans: We Have Them All

80 15% No MI ~

Foreign National: Canadian, Australian, United Kingdom, etc. investment properties

Interest Only ~

Niche

FHA Fixed and Adjustable loans: 30 or 15 Year Fixed Rates and 1 Year 3 Year and 5 Year ARM’s

96.5% Purchase or 97.75% refinance

FHA 203k and 203k Streamline

FHA Police Officer, Firefighter and Teacher Next Door

VA Fixed and Adjustable Rates

VA interest rate reduction refinancing ( IRRRL ) LOANS

FHA Flipped Homes

Jumbo Super Jumbo

HOMEPATH – Fannie Mae purchased property no MI 97% loan

USDA RURAL HOUSING LOANS TO 100%

HARP unlimited LTV

Manufactured Homes

Purchase Close in 11- 15 Days

CAROLINE GERARDO ( C. G. Barbeau)

Cell: (949) 637-8190  7:00 AM – 7:00 PM 7 Days

Mortgage Banker          Fax: (949) 250-3938

20341 SW BIRCH STREET NEWPORT BEACH CA 92660  NMLS# 324982

Eye candy to reward you for stopping by:  Some images I took of entry gates, picket fences and curbside appeal

 

To Reward you some entry gates an picket fences I like this on with climbing rose is "ausbush" an Austin old heritage climber. They have added a hand painted address number and silly mailbox to make this feel warm. Corona Del Mar

 

 This iron gate has roses, geraniums and trumpet vines rambling around the posts. San Juan Capistrano

 Formal balanced composition- Big Corona Del Mar

Needs a little softening for me - north Laguna Beach

 Funky and fun red brick and bird houses and picket fence gate painted red for a punch of surprise

 

Happily Ever After Begins here...love this picket fence - Dana Point bluffs

Splashes of red and bright makes this black and white house cheerful. This picket fence also has trellis lattice to neatly train the roses over the entryway. This keeps the curbside appeal of the stark painted simple home feeling tidy.

 

For me this is ultimate curbside appeal- image this perennial garden. The soft mounds of daisies, lavender, herbs smell glorious and the winding gravel driveway might be in the south of France - Arles but no it's a  Laguna Beach cottage. This is so homey oh la la curbside appeal.

 

Bougainvillea and morning glory wave a welcoming hand at this entry

 Top of the World Laguna Beach

Herbs at the bottom, pots of herbs braced to the railing with burlap curtain for privacy. A country entryway that also has curbside appeal 

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! CAROLINE GERARDO (C. G. BARBEAU) 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 Contact Me My Website         EM-L7SHNU © 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 www.dora.state.co.us/real-estate/index.htm; 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: www.wjbradley.com/Texas-Mortgage-Banker-Disclosure.html; 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: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.

 

 

This message was sent from Caroline Gerardo http://mywjb.com/caroline-gerardo/ It was sent from: W.J. Bradley Mortgage Capital, LLC, 20341 SW Birch St., Suite 330 , Newport Beach, CA  92660