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

 

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

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

 

 

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 :)