7/12/2015

Open House 25 White Sail

My first open house (well not the maiden voyage of holding an open house as I have done hundreds) but this one is special.























Okay here is my list of done items
Boxed up photographs of my children, myself and our adventures
Jewelry in safe deposit box
Tossed safely all extra and old medicines
Guns in safe deposit box (perhaps not politically correct but this girl yes)
Wine cellar emptied
Painted everything excepting daughter's room which I think I'm going to have someone do it-
not enough time for getting her giant mural down and the Ives Klein Blue is going to be a triple coat
Garage sales cleaned out about half of the treasures in the garage, need to sell the rest on ebay
(Anyone need extra surf boards, weight equipment, a treadmill, artwork, mister system and a huge variety of women's designer clothing I purchased in the flush years before the crash that daughter never wore- let me know)
Every thing from window screens, under sinks, tubs, and windows is super clean.
Threw away some area rugs, donated others
Pool is clean fountain running but the dang trees will surely drop stuff all day for me
Cut down the pigmy palm that blocked south side ocean view (yes I used a chain saw)
cleaned glass wall to sparkle up the ocean and canyons views.
Trimmed down all my sweet peas and harvested seeds ( a little early but they were leggy and messy looking)
Power washed brick and driveway
Steaming rosemary, lemon peels and vanilla for air perker freshener smell "betterer" (it's better than fabreze or candles or cookies)
Dog bowls in laundry room, Honey had a bath but she will go to grandma's for the afternoon. Honey is almost 14 out Golden Retriever who is deaf and sunbathes but would greet everyone with fluffy hair.
all laundry washed dried and put away
Kitchen sink looks super white brand new
Did I say I dusted, scrubbed and cleaned again last night?
What did I miss?
Took down the rosary and cross above my dresser.
Hope the kids don't come home and start cooking a nice curry dish at 2:00.
How do I lure buyers to stay out backyard and me romanced by the view, the hummingbirds, the Bells Vireo who is nesting in the gazebo?
1:00 - 4:00
July 25 and July 26th
Saturday and Sunday
come on by
25 White Sail Laguna Niguel
Free organic tomatoes and herbs for the visit!
For Sale By Owner
$1,659,000.00

4 bedrooms 3410 square feet 2 story Cape Code style board and batten singles More than one hundred varieties of roses, organic vegetable gardens, pool, spa, huge party barbecue,
Did I say OCEAN Views from many rooms?
Downstairs bedroom and full bath
Could be 5 bedrooms if you make the huge bonus room have a small closet
(949) 784- 9699
3 fireplaces, plus outdoor fire pit and heater
barbecue with sink, tiled counters, and brick storage areas
brick seating and planters
Two gazebos
Hardwood floors in six in plank downstairs
San Marin Homeowner Association




7/07/2015

TRID Mortgage Rules







 
























Don't forget to email your dog license.

















In review the new CFBP TILA - RESPA Integrated Disclosures
TRID adds a "lemon law" like disclosure at closing more strict than what was in place for refinance owner occupied mortgages. Now the forms TIL and Good Faith are simplified but No room for escrow or attorney nationwide to make estimate errors. All costs have to be right on the money.
This means Realtors can no longer add credits, rebates, seller credits for repairs or termite or softening credits to make buyers close on the last days. This would add additional wait days, require appraisers to review the value and buyers to wait. Rate locks may need to be extended accordingly.
New law that is pretty easy to follow but perhaps not so great for consumers. Added wait times is now what buyers borrowers and real estate agents want.

Here at Eagle and Universal Home Mortgage we are already working to implement these changes.
Educating Realtors to make money credit agreements upfront or to avoid last minute changes that will add days to a transaction.
It takes away my ability to offer cheaper 15 day rate locks as there may not be time to close and re-disclose if any numbers change, and they often do.

I can still close a loan in 30 days, or less.
copyright 2015 Caroline Gerardo Barbeau NMLS 324982

6/26/2015

Mortgage Lingo


 It might feel a bit thorny at first...
I tend not to use the acronyms but
ARM is adjustable rate mortgage
DTI is debt to income ratio or the bottom line on your taxes compared to all credit and mortgage debts
GFE Good Faith Estimate a long form that requires some teamwork reading
HELOC- home equity line of credit can be a 1st or 2nd mortgage
HUD1- the detailed number excel sheet escrow prepares with all costs
PMI private mortgage insurance- insurance for the lenders on the loan
LTV- loan to value or appraised value vs loan amounts
MIP mortgage insurance premiums
PITI principle interest taxes and insurance the whole payment
RESPA the real estate settlement procedures act
TLA truth in lending
There you have it


 
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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
Committed to Seeing You Home.
Eagle Home Mortgage
100 Spectrum Center Drive Suite 500
Irvine CA 92618
LOLogo
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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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