3/17/2013

Green Clean Your Beach House


It is spring and like many people in Orange County I don’t complain about the fog or the on and off cool weather of this winter. I have some tips to get your home cleaned up and ready for the glory of summer, the long days at the beach or enjoying your backyard Newport Beach pool.

Flooring tips:

Ceramic tile floors can be cleaned easily with warm water. First sweep or vacuum the flooring carefully to remove any loose soil or grit. Do not use a sponge mop to clean ceramic-tile or stone floors. It places the dirt into the grout tracks. A micro-fiber mop picks up all the dirt that a sponge mop leaves behind. Pour the ingredients into a bucket and use a rag or micro-fiber mop to clean. If you do use a rag and the on your hands and knees method, wipe in a circular motion across the floor with a microfiber rag.

I purchased a pack online at amazon see link below and have been very pleased that they are Green to use, last forever and don’t leave lint and dog hair behind. Microfiber cloths and microfiber mops are a must for any Green clean home. Microfiber consists of millions of tiny hooks that attract, absorb and remove dirt, dust and bacteria from surfaces without the use of chemicals! Reducing chemical use is better for the environment and our own health in our homes. Microfiber rags offer energy savings as they need to be washed in ONLY cool water and tumble dried. Don't forget the cabinets and baseboards. I like the smell of a couple drops of lavender oil or peppermint oil and a light spray of "liquid gold" on the rag to clean and dust the cabinets thoroughly. If the grout is very dirty, use a brush, or an old toothbrush. 

Hardwood floors: Boil a quart of water adding two teabags to clean hardwood floors. The tannic acid in tea creates a beautiful shine for hardwood floors. Let two teabags steep in the boiling water for two minutes. Pour the tea into a bucket. Take a soft cloth and wring it out in the tea. Again use a microfiber cloth but not dripping wet. The cloth should be damp, not soaked. The floor to dries quickly and leaves a streak less shine. If there are scratches in the wood that show more after cleaning the hardwood floor, use a brown crayon (the color of the floor) and rub it on the scratch to fill the gap. Turn a blow dryer on high for thirty seconds, heat the area where the crayon was applied and buff it with a soft cloth.

Vinyl floors are not as popular but often used in Orange County laundry areas, or pet areas To clean the vinyl floors mix Borax in a bucket of warm water and wash the floor rinse with warm water.

To remove hairspray residue from hard surfaces like mirrors and countertops with a solution of one part fabric softener and two parts water.

These last two recommendations are not very “green” but sometimes you just have to get serious with dirt. Open all the windows wear gloves and old clothing and one part bleach to one part water to scrub grout with a toothbrush. Put the bleach and water in an old glass jar. Rinse two times with clean water and discard the toothbrush, you don’t want someone to make a mistake and use it.

Sometimes my son’s Lacrosse bag with the sweaty helmet and all those black pellets from the astro turf seems to really dirty up the air. A few suggestions to clean up the air: put the equipment and bag out in the sunshine on a patio. Spraying with Lysol doesn’t seem to get rid of the odor, but rinse with a hose and expose to sun really does the job. I also like to have on hand some peppermint oil that I put a few drops on a white washcloth after his equipment is dry and ready to come inside. The wash cloth can go in the bottom of the bag and makes a fresh scent when unzipped. As to cleaning up floors with those dirty black rubber tire pellets: sweep and vacuum before they get trampled and carried all over the house.
This is the type of rags I purchased to clean my home. I have also used them in my office in Newport Beach to clear dust off computers and desktops.
More tips to come in following posts
 

 

 

Caroline Gerardo is a Mortgage Banker in Newport Beach California
Caroline has been in the Home Loan business twenty four years. NMLS # 324982
Caroline ( also known as C. G. Barbeau ) published four novels, two poetry anthologies and her poetry and short fiction has been published in 40 magazines and major newspapers. http://mywjb.com/caroline-gerardo/



 

3/15/2013

Mortgage Loans on Condominiums in Newport Beach



 
 

60 Sea Island Drive, Newport Beach, California, 92660  Condo
 
$799,000.00
3 Bed / 3.5 Bath
1527 Sq Ft
MLS ID - OC13039392

 courtesy of: Regency Real Estate Brokers; Michelle Yegsigian; DRE License Number: 01025400; Co-Listing Firm: First Team Estates; Co-Listing Agent: Nicholas Jordan
Certifying and recertifying condos for an FHA loan can be a real hassle, but when you partner with WJB, we help you every step of the way —


and we don’t pass on any administrativecosts to your clients.
If you are buying a home in Newport Beach, Laguna Niguel or anywhere in California
this mortgage program will be very helpful.
This is also available on a refinance of an existing mortgage loan.
 
• We maintain a checklist of requirements for initial and recertification

• The WJB branch collects all legal documents and emails them to our Central Processing unit

• We absorb the cost of shipping the package to the FHA

• We check on the status of the file to ensure it is being processed — until it is complete!

• We help you take care of any additional conditions — again, at no additional charge
 
Caroline Gerardo believes that supporting partners’ business
helps us both accelerate our success and growth.
If you are working with condo units and need assistance with FHA certification, talk to me today about our certification assistance. I'm excited to offer this benefit to my valued partners and clients.
 
Caroline Gerardo
Mortgage Officer
NMLS# 324982
23041 SW BIRCH # 330
Newport Beach, California 92660

Call me today to see what I can do for you! (949) 784-9699

3/06/2013

Underwater Refinance

Underwater Turtle Searching for his Home
 




 


We have a NEW Mortgage program that can help!




With the new Home Affordable Refinance Program (HARP) loan, you may be able to refinance no matter how upside-down your mortgage is!








Are you worried about making your payments? Would you like to have more cash in your pocket every month? Do you want to pay your loan off faster?
Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If you currently have a mortgage held by Fannie Mae or Freddie Mac, the HARP II refinance loan can help you lower your interest rate, decrease your monthly payments and help you start turning your finances around.







Appraisals may be waived




No LTV/CLTV restrictions on fixed-rate loans of 30 years or less

Only 620 FICO required

Loan was sold to Fannie or Freddie before June 1, 2009




 
If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP 2.0.   The refinance must benefit you in one of four ways:




Reduction in the borrower’s monthly principal and interest payment

Reduction in the interest rate

Reduction in the amortization term

Movement to a more stable product (i.e., interest-only to fully amortizing, ARM to fixed, 30-year to 15-year, etc.)



If you have a Fannie Mae- or Freddie Mac-owned home loan, call me today. I’m here to help make sure you have a home financing program that works for YOU. Let’s see if the HARP II loan is the solution you’ve been looking for!
You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:



 

W.J. Bradley Mortgage Capital, LLC

© 2012 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.
AZ Mortgage Banker License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 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; Florida
Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-7766; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500,
Centennial, CO 80111; MN Residential Mortgage Originator License No. MN-MO-3233; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan
Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker – License No. MB001365; OR Mortgage Lender License No. ML-776; TX Registered Mortgage Banker – NMLS 3233; Texas
Mortgage Banker Disclosure: www.wjbradley.com/Texas-Mortgage-Banker-Disclosure.html; UT 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 #6341; WA Consumer Loan License No. CL-3233; Wisconsin
Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/233.


 


Caroline Gerardo



Mortgage Loan Originator




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


NMLS: 324982




2/27/2013

Get Your Offer Accepted


Building a deeper business together
The real estate market in Orange County California has heated up with little or no inventory available. Properties are receiving multiple offers.  I have some strategies to get your deal closed.

 

Do you want an amazing fast time frame to close a mortgage loan?

How to get your offer accepted in this current market when inventory is at a historic low?

How can you know if house will appraise for current market sale price?

How can you beat a “cash offer”?

 

Before you make your offer Borrower has loan Approval with either DU or LP findings. This means the only things necessary to close are appraisal, a good contract and title. This plan details how to get your offer accepted by the sellers in a market where there are many competitors.

First:

We sit down and set a strategy for closing quickly on the ideal home for the clients. I can meet with the clients in their home, my office or by telephone. Upfront we must all understand that this is a time consuming and many pieces of paperwork to execute. Borrowers must have their bank statements in pdf formats, and I can teach them how to save the statement and download to email to my secure email. Secondarily all their income information for the past 24- 30 months must be available to submit before they make the offer. Choices such as vesting should also be prepared with thoughtful planning. Once all this is submitted to Underwriting we should have a Loan Approval (not a pre-qualification or pre-approval) ready to show with the offer in two days. If there are credit issues to address, the client must repair these before making an offer.

 

Second:

Offer is made with attached DU or LP findings that itemizes Borrower has submitted all documentation to close. Offer releases appraisal contingency in seven days. Offer releases loan contingency in ten days. Offer states Borrower can close in fifteen days.  Offer notes that seller’s agent, listing agent agrees to meet appraiser in person on day two or three with comparables on paper and property specifications. Offer also releases contingencies on day nine. I suggest you make the offer in person and have the client release a personal statement that I will help you write. Listing agent and escrow/ title must be prepared to work quickly.

Day One: Signed conformed contract is emailed to C. G. and she orders appraisal. Email to Borrower and both agents confirming appraisal ordered and escrow has been contacted. Estimated HUD 1 ordered from escrow, also preliminary title report and title particulars to subject property.  Escrow and Title agree to provide all documentation in 48 hours.

Day Two:   email agents and borrower confirming appraisal appointment has been made (assuming this is not a Sunday)

Day Three: Appraiser visits home, measures the property receives information from listing agent. Title policy, escrow instructions and HUD1 are emailed to C. G.

Day Four/ Five appraisal comes in at sales price; loan is submitted to Final Underwriting. *  Day Seven Final Loan approval is completed

Day Nine: Loan Documents out to escrow, Borrowers sign that day, funds wire transferred for balance

Day Ten: Funding and recording

Fifteen Day Turn time is met assuming there are weekends that delay recording/ wire/ funding that must be done on a work day

 

What if you know there are no current comparables for subject property? If value is an issue, Client should already have been aware that comparables have not yet closed and they may choose to put additional down payment. We will review appraisal for any errors or omissions.  Conventional Loan 75% loan to value first 18% down minimum 10% second; allows for some wiggle room if appraisal comes in low.
 
I will be sharing these tools at the OCAR Orange County Association of Realtors meeting tomorrow morning, Thursday at Ball Park Pizza in Laguna Niguel at 8:00 AM I am also supplying breakfast.

 

 

 

Underwriting:
Estimated turn time for all new purchase loans submitted to Underwriting today:
2 business days (16 business hours)
Estimated turn time for new refinance loans submitted to Underwriting today:
2 business days
Estimated turn time for new PTD and PTF-UW conditions submitted to Underwriting today: 8.00 business hours
Pre-Close Audit:
Estimated turn time for loans that received clear to close underwriting status today:
8 business hours
Closing:
Estimated turn time for new doc requests submitted to closing today:
8.00 business hours
HUD-1 Pre-approval:
Estimated turn time: 4-6 business hours
Funding:
Table/Wet Funding Loans: Closing doc request must be submitted and accepted 16 business hours before requested fund date. All PTF-UW conditions must be uploaded in Nile by 9:00 AM MT the day of funding or funding could roll to the next business day. PTF-HUD conditions must be cleared by 1 PM MT or funding cannot be guaranteed based on warehouse cutoff times.
Non-Table/Dry Funding Loans: Closing package must be received the day before requested fund date. All PTF-UW conditions must be uploaded in by 9:00 AM MT the day of funding or funding could roll to the next business day. All other PTF conditions must be received by 11:30 AM MT the day of funding or funding could roll to the next business day.
 


 
 
Other tools and strategies to get your offer accepted:
 
All cash buyers can refinance without waiting six months, terms and loan to value depending on product, property, FICO, occupancy type, loan amount… terms and conditions vary
 

Caroline Gerardo
23041 SW Birch
Newport Beach, California 92660
Mortgage Banker
NMLS 324982
(949)784-9699