Refinance Low Rates

I would like to let you know that TODAY mortgage rates 

have once again dropped to historic levels. 

It’s a great time to take a look at your current mortgage

 / mortgages and compare with current market rates.

If you have one of the following I would highly suggest a review:

Rate above 3.875%

Mortgage where you pay Mortgage Insurance

1^st & 2^nd combo - consolidate into one loan

Term above 15 years

Need for cash out for home improvement, debt consolidation 

or equity extraction?

With current home values at record highs,

 mortgage rates at record lows and mortgage insurance costs 

with record low premiums there is a lot to be gained with a refinance review.  

Send me a copy of your mortgage statement or call me with questions.

 I can quickly review and make some suggestions that will save you $$.

Sincerely,

C G

(949) 784-9699

NMLS 324982 

This is not a loan commitment nor a rate commitment

June 14 2016 rates change a couple times a day

Terms and conditions apply

Stop by for lunch, call first and we will include

you in the pot luck

Some photographs of our office having lunch at the end

of a hard working month. We have everything here in

house- processing, Underwriting, Funding, Review

and LUNCH

Organic Soil Orange County, California

I moved from Laguna Niguel Homeowner Association home to a ranch outside of San Juan Capistrano.  After nearly twelve years my garden was all organic. I'm starting over.

In order to develop soil that sustains low water organic gardening in rocky clay

that has never been cultivated I searched for local companies that provide compost,

or organic soil, or methods to speed up my garden plans.

I contacted a couple companies:

Sierra Soil once was just across Ortega Highway. I emailed and called with no response.

Website stated they require payment before delivery.  Daughter and I drove out to

the location listed on their website as next to CR'R's staging plant. We followed

the wooden signs and could not find the location. I later heard back from them that

they no longer operate at that location.

I heard from other suppliers that Sierra Soil uses horse manure as the component of their compost. Horses do eat green matter but I was thinking that even a cow with multiple stomachs might process the impurities better than horses. From my reading smaller animals- goats and chickens might supply manure that breaks down faster, is healthier for human vegetable use.

Other suppliers I contacted: Serrano Creek Soils. They have a gorgeous website but prices were double the others. I figure I can add my worms and personally added vegetable and leaf clippings to the compost area. In a year I will have plenty of organic material to mulch, amend the soil and grow beautiful flowers and vegetables. 

www.Sierrasoil.com

www.aguinagagreen.com/

www.serranocreeksoils.com/

I picked McAllister because Dave answers the telephone.

He is knowledgeable and kind. 

He has been in this business nearly thirty years.

Interesting Facts:

Photograph of Dave with his gorgeous truck. He says the State of California is forcing

him to retire this historic truck because of emissions - much like the neighbors of

the new High School in San Juan drove him out of his location. It saddens me that a

small business has to struggle this way.

I highly recommend Dave. He delivered without advance payment, exactly to my remote 

location

Dave McAllister Topsoil, 

Compost, 

Potting Soil, gardening, orange county, California, 

deliveries

31748 La Pata Ave, San Juan Capistrano, CA 92675

Phone:(949) 728-1500

HERO Loan For Selling Home

Realtor asked me today:
"What can a Seller Do about a HERO Loan?"

HERO is in my opinion a scam on owners. It is same as property tax and never goes away until paid in full.

There is no assuming the loan- or qualifying to leave it on. It is stuck there until paid off.

In order to do a new mortgage, refinance or sale the property must have enough equity to allow it to stay on title. 

Example: Loan given is $30000. They completed about $11000 in actual cost improvements (this is the saddest part that homeowners don’t realize they pay ten times more for solar or insulation... this way rather than buying it on open market)

Twice a year a payment is made. It may take 20 years for balance to go down.

Seller cannot sell to buyer with Fannie, Freddie, FHA or USDA mortgage loan or conventional pricing and financing.

There are investors who will loan on them—higher interest rate and minimum 20% down.

The problem is- appraised value minus the Hero Loan is value used and from there 80% loan-

Buyer may need 30 -40% down depending on amount of Hero Loan, value of house etc…

Homeowners in Inland Empire, Riverside, Kern County, Fresno County etc seem to have fallen prey to these transactions. Most often the Homeowner is elderly or lacking financially. Is there a class action lawsuit against them yet? NO. But CFBP is investigating and fines pending...

Anything that sounds too good to be true is likely not real.

Free electricity? 

Okay disclaimer- I live off grid and have solar that is not HERO loan, was in fact upgraded to newer cheaper system. Solar has become so inexpensive you probably do not need a Hero loan to

install the panels and battery system.

Dismal Jobs Report Delivers Low Mortgage Rates

Dismal Dark Dingy and Dank May Jobs Report delivers a few pine cones.

Worry will my son coming home from college work fast food?

Or Engineering Student Seeks Summer Job in Dismal Job Market.

Good news is mortgage rates love bad news. Rates fall! Hurry get your refinance application in now!

With the U.S. economy only adding 38,000 jobs in May vs. the 168,000 economists forecasted, we've seen a swift shift in what to expect from the Federal Reserve following their meeting later this month.

Janet Yellen backs down!  No rate hike happening before Christmas. 

Worst report since 2009 after the crash

What will the Fed do now?