2/22/2019

Be careful with EMAILS


 Phishing Scams! 

Stop and Think before you click on links in any email. 


 
EVERY DAY SOMEONE GETS HACKED SCAMMED ROBBED
Don't encourage these criminals
Don't fall prey and open their attachments
My Mom loves to forward email jokes from unknown people - don't do this.
WE don't need the virus and we don't have the time anyways
Billions of emails are sent a day.  That represents a lot of opportunity for phishing scams, in which scammers distribute emails that appear to come from legitimate organizations or individuals and try to entice the recipient into clicking on malicious links or attachments. Spear-phishing is a more targeted type of phishing in which a specific organization or person is the target. The typical goal of phishing attacks is to get you to give up sensitive information such as a Social Security number or financial information. Phishing is also used as a way for attackers to get inside an organization’s network for cyber espionage or other malicious activity. 
Scammers will use spoofed email addresses, phony websites with legitimate logos, or phone numbers to fake customer service centers operated by the scammers. Last year phishing attacks cost organizations $4.5 billion in losses. 

Common Phishing Scams
When it comes to phishing, the best line of defense is you. If you pay attention to potential phishing traps and watch for telltale signs of a scam, you can minimize your risk of becoming a victim. Here are some scenarios you may encounter: 
·         An email appearing to be from a bank, credit card company, or other financial institution requests that you “confirm” your personal account information. Supposedly, your information has been lost, or your account is going to be closed, so it is “urgent” that you respond immediately.
·         A urgent e-mail or txt on mobile device from your boss or Corp. manager/executive asking for you to do them a favor or give some info that is out of the ordinary.
·         A phony email from the “fraud department” of a well-known company asks you to verify your information because they suspect you may be a victim of identity theft.
·         An email may take advantage of a current event, such as a popular data breach, which scammers used to send phishing emails with malicious links for “free credit reporting.”
·         An email claiming to be from a state lottery commission requests your banking information to deposit the “winnings” into your accounts.
·         A scammer pretends to have a large sum of money and needs “someone trustworthy” to help access it. The scammer promises to share the wealth in exchange for your help - specifically, your financial information. 

Easy Tips to Protect Yourself from Phishing       
·         Do not send any sensitive personal information via email. Legitimate organizations will not ask users to send information this way.
·         Visit banking or financial websites by typing the address into the address bar. Do not follow links embedded in an unsolicited email.
·         Only open an email attachment if you’re expecting it and know what it contains. Be cautious about container files, such as .zip files, as malicious files could be packed inside.
·         If you want to verify a suspicious email, contact the organization directly – but don’t call the number which is provided in the email.
·         Use discretion when posting personal information on social media. This information is a treasure-trove to spear phishers who will use it to feign trustworthiness.
·         Use antivirus software to detect and disable malicious programs, such as spyware or backdoor Trojans, which may be included in phishing emails. Keep your Internet browser updated with the latest security patches. 

2/20/2019

Disabled Vet Special Property Tax CREDIT


Amended Knight Bill Allows California Disabled Veterans an Extra
Tax CREDIT
You can also go back and amend prior Tax Returns IF you forgot
to take this credit
SPECIAL GIFT TO Disabled Vets Reminder to
Get all the credit you can!
Save money!

This is not tax advise
C G Barbeau


Veterans deemed one hundred percent disabled by the United States Department of Veterans Affairs (VA) are exempt from paying property taxes on up to $100,000 ($150,000 for veterans with household incomes of $40,000 or less) of the value of their principal residence.



(a) An order for a refund under this article shall not be made, except on a claim:
(1) Verified by the person who paid the tax, his or her guardian, executor, or administrator.
(2) Except as provided in paragraph (3) or (4), filed within four years after making the payment sought to be refunded, or within one year after the mailing of notice as prescribed in Section 2635 , or the period agreed to as provided in Section 532.1 , or within 60 days of the date of the notice prescribed by subdivision (a) of Section 4836 , whichever is later.
(3)(A) Filed within one year, if an application for a reduction in an assessment or an application for equalization of an assessment has been filed pursuant to Section 1603 and the applicant does not state in the application that the application is intended to constitute a claim for a refund, of either of the following events, whichever occurs first:
(i) After the county assessment appeals board makes a final determination on the application for reduction in assessment or on the application for equalization of an escape assessment of the property, and mails a written notice of its determination to the applicant and the notice does not advise the applicant to file a claim for refund.
(ii) After the expiration of the time period specified in subdivision (c) of Section 1604 if the county assessment appeals board fails to hear evidence and fails to make a final determination on the application for reduction in assessment or on the application for equalization of an escape assessment of the property.
(B) Filed within six months, if an application for a reduction in an assessment or an application for equalization of an assessment has been filed pursuant to Section 1603 and the applicant does not state in the application that the application is intended to constitute a claim for a refund, after the county assessment appeals board makes a final determination on the application for reduction in assessment or on the application for equalization of an escape assessment, and mails a written notice of its determination to the applicant and the notice advises the applicant to file a claim for refund within six months of the date of the county assessment appeals board's final determination.
(4) Filed within eight years after making the payment sought to be refunded, or within 60 days of the notice prescribed by subdivision (a) of Section 4836 , whichever is later, if the claim for refund is filed on or after January 1, 2015, and relates to the disabled veterans' exemption described in Section 205.5 .
(b) An application for a reduction in an assessment filed pursuant to Section 1603 shall also constitute a sufficient claim for refund under this section if the applicant states in the application that the application is intended to constitute a claim for refund.  If the applicant does not so state, he or she may thereafter and within the period provided in paragraph (3) of subdivision (a) file a separate claim for refund of taxes extended on the assessment which the applicant applied to have reduced pursuant to Section 1603 or 1604.
(c) If an application for equalization of an escape assessment is filed pursuant to Section 1603 , a claim may be filed on any taxes resulting from the escape assessment or the original assessment to which the escape relates within the period provided in paragraph (3) of subdivision (a).
(d) The amendments made to this section by Chapter 656 of the Statutes of 2014 apply to claims for refund filed on or after January 1, 2015.

2/19/2019

Grant Seminar

 Thursday February 21st Event

9:00 AM
Breakfast included
But you must make
a reservation with me

Call me
949   784 - 9699

C G

Grants

Down Payment
Assistance



2/17/2019

REFINANCIAMIENTO

OBSTÁCULOS AL REFINANCIAMIENTO: ¿Qué percepciones podrían evitar que ahorres dinero?

«Leí que la tasa de interés debe ser 1 o 2 % más baja que la actual».

Cuando las cantidades promedio de los préstamos eran mucho más bajas, se necesitaba un descenso mayor en las tasas para conseguir ahorros reales. Hoy en día, incluso las diferencias pequeñas pueden tener un gran impacto. La mejor forma de determinar el valor es dividir tus costos por tus ahorros. Esto brinda un período de «equilibrio», y si sabes que usarás tu préstamo luego de ese punto, el resto son ganancias puras.
«Todavía no llegué al punto de equilibrio de mi último refinanciamiento».

Eso tal vez no importe. Refinanciar otra vez requerirá una inversión adicional, pero podría hacerte llegar a un punto de equilibrio general, y a ahorros más grandes, más rápido.

«No quiero agregar años a mi préstamo».

El préstamo nuevo que se crea cuando refinancias es ficticio. Tú determinas la duración real del préstamo según cuánto pagues. Si al bajar tu tasa de interés ahorras $100 por mes, añade ese dinero a tu pago nuevo. Reducirás tu saldo más rápido y alcanzarás la apropiación antes que si hubieras conservado tu préstamo actual.

«Es demasiado caro. Prefiero ahorrar mi dinero».

¡Refinanciar es ahorrar! Las tasas de interés históricamente bajas que actualmente hacen que un refinanciamiento sea tan bueno también hacen que «ahorrar» tu dinero en el banco sea un pésimo negocio. Los bancos solo pagan fracciones de porcentaje por guardar tu dinero, pero invertir en un refinanciamiento te ahorrará cientos de dólares por mes y obtendrás un rendimiento mucho mayor.
Ejemplo: Si cerrar cuesta $3600 con ahorros anuales de $1200, eso es una tasa de devolución del 33 % de tu dinero ($3600 x 33,3 % = $1200).
Lo que es mejor, con frecuencia puedes refinanciar sin usar fondos de tu bolsillo.

Refinanciar también puede tener otros beneficios. 

Una tasa más baja no solo puede significar pagos más pequeños, sino que también pagarás más para el saldo principal cada mes. Tal vez puedas liberar dinero para renovar tu hogar, financiar educación universitaria, comprar un hogar para vacacionar o invertir en propiedades sin añadir gastos mensuales.


¿Estás listo para explorar tus opciones de refinanciamiento según los números? Estamos para ayudarte. 

Grant Seminar Irvine California



Realtors, Real Estate Agents, Escrow, Title, Insurance

Seminar this Thursday morning 9:00 AM Irvine California
Call me to make a reservation
Grants ~ Down Payment Assistance ~ Mortgage


(949) 784- 9699



2/08/2019

Refinance Lower Payment


Mortgage Rates Drop  - Freddie Mac: The U.S. economy remains on solid ground, inflation is contained and the threat of higher short-term rates is fading from view, which has allowed mortgage rates to drift down to their lowest level in 10 months. http://www.freddiemac.com/pmms/


THE TIME TO REFINANCE IS NOW
If you did a loan in 2017 or 2018 you can save some money on monthly payments
Call me and ask me how much you will save
Let's crunch the numbers and see your 2019 future

(949) 784- 9699
C G
Caroline Gerardo Barbeau
NMLS #324982

http://www.cmgfi.com/agents/caroline--gerardo-barbeau/

http://www.cmgfi.com/agents/caroline--gerardo-barbeau/


Busy bees get their paperwork in and save money




2/04/2019

Market News

  • The Case-Shiller home price index appreciated at a slower pace in November, marking the slowest annual pace of appreciation since 
  • January 2015. Month-over-month the index is up 0.3% and year-over-year the index is up 4.7%.
  • Despite having no reports for January due to Federal Partial Shutdown now information is flowing, 
  • until we hit another wall
  • In January, consumer confidence declined, most likely due to the 35-day government shutdown. 
  • The index plunged from 126.6 in December to 120.2 in January.
  • For the week ending 1/25, new purchase applications were down 2.0% 
  • and refinance applications dropped 6.0% for a composite decrease of 3.0%.
  • The ADP employment report added 213,000 jobs in January. Large firms added 66,000 jobs, 
  • midsize companies added 84,000 jobs and small businesses added 63,000 jobs.
  • Although the government has reopened, the release of the first estimate for fourth-quarter
  •  Gross Domestic Product has been delayed until further notice.
  • The pending home sales index declined in December, down 2.2% month-over-month and 9.8% year-over-year.
  • After hitting a record low the previous week, initial jobless claims increased to a 
  • seasonally adjusted annual rate of 253,000, for the week ending 1/26. 
  • Continuing claims also increased to a level of 1.78 million.
  • The release of November’s new home sales report was delayed because of the
  •  government shutdown and released last Thursday. In November, new home sales soared a staggering 17% month-over-month, marking a 2.7% annual increase, and reaching a seasonally adjusted annual rate of 657,000 homes.
  • In January, the labor market continued to show strength with the addition of 304,000 nonfarm payrolls,
  •  296,000 private payrolls, and 13,000 manufacturing payrolls. The unemployment rate ticked upward to 4.0%.
  •  The participation rate was virtually unchanged at a rate of 63.2%. 
  • Average hourly earnings increased 0.1% month-over-month and 3.2% year-over-year.
  •  The average workweek totaled 34.5 hours.
  • US construction spending tracks total spending on private and public construction project. 
  •  Total construction spending increased 0.8% month-over-month and 3.4% year-over-year.
  • In January, the consumer sentiment index inched up to a level of 91.2.
This week's important economic reports include:
  • ISM manufacturing index
  • MBA applications
  • State of the Union address
  • Weekly jobless claims
  • Consumer credit
WEEK OF FEBRUARY 4, 2019

1/22/2019

Get Your Offer Accepted


 Why was your offer rejected?

Low ball price

Too long of escrow time frame

Unflexible on closing time frame

Unwilling to release contingencies

Contingent sale of another house

Unknown lender

Unknown Realtor

Unpleasant parties of any sort

You reveal you are an attorney

You reveal negative information


How to fix this:

Have a printed pdf copy of your Pre- approval with few or no conditions with fast close
time frame written as guarantee. Mine say I can close in fifteen days if they need it.

Don't go looking at houses or properties twenty percent higher than what you are pre-approved
for, it will only make you unhappy.

IF prices are too high, expand your expectations, expand the location, shrink up the square footage.

Work with lender and Realtor who are respected in the community.

We can often bridge the loan without making a contingent offer, ask how

Have your polished, sweet, smart Realtor make the offer in person

Make the offer fast and be available to answer counters quickly.

Open your emails, answer texts and phone calls promptly.

Don't fall in love with one house.

Call me (949)  784- 9699

C G

NMLS #324982
CMG Financial

1/16/2019

Down Payment Assistance

v
uyer Guide: Down Payment Assistance

Description

DOWN PAYMENT ASSISTANCE | 
Down payment assistance programs help borrowers who may be unable to afford a down payment secure mortgage financing for a new home. Such programs distribute funds to qualified borrowers to cover the down payment or closing costs. There are over 2,400 homebuyer assistance programs available throughout the United States. Many prospective homebuyers may not be aware of the down payment assistance programs in their local market. As of 2015, RealtyTrac and Down Payment Resource reported that 87% of homes and condos can qualify for down payment assistance. 

Programs vary on a state-to-state and county-to-county basis and provide different repayment options based on the type of loan. Down payment assistance programs are offered by state Housing Finance Agencies (HFA), cities and counties, housing authorities, nonprofit organizations, and even employers. Like other assistance programs, down payment assistance programs may have debt-to-income ratio requirements, income limits, and other variables to qualify. Down payment assistance is not limited to first-time homebuyers or borrowers with low cash reserves. Qualifications vary from market to market. 

While some borrowers, such as first-time home buyers, may benefit from down payment assistance programs, other borrowers are better suited for programs like Federal Housing Administration (FHA) loans and their down payment options. Grants do not usually have to be repaid if the borrower is in the home for a designated period of time. Some down payment assistance programs require repayment, while others have repayment periods that expire. 



What's stopping you from owning a home? 
Introducing the Home in Five Advantage Grant

The Home in Five Advantage Grant is designed specifically for home buyers financing home anywhere in Maricopa County, including the city of Phoenix. Qualifying home buyers can receive a non-repayable down payment/closing cost assistance grant up to 3.5% of the loan amount AND never need to repay this money. 

Home buyer must also qualify for a USDA, FHA, or VA loan. Contact me for a safe, 30 year fixed rate loan with NO prepayment penalty. 

Up to 3.5% of Loan Amount
-2.5%-3.5% of loan amount for qualifying home buyers 
-For a primary residence only
-Must occupy the home within 60 days of purchase
-Home can be anywhere in Maricopa County and Phoenix
-Minimum credit score of 640
-Maximum income of $88,340
-Maximum purchase price of $300,000
-Must attend an 8-hour home buyer education course

1/10/2019

Sell Your House For Top Dollar

how your castle looks





Tips To Sell Your House

Get Top Dollar

DIY the work



Before you list with a Realtor.

Before you think about price this spring. 

It’s time to get your ducks in a row, or flying

into someone else’s clutter pile.
        

             Pick up used cardboard wine boxes or clean used boxes from Bevmo or local liquor store. These are less likely to have an odor or critters that vegetable boxes might carry. Initially you need 10 per room.       
           In my area Amvets and Saint Vincent De Paul picks up donations curbside or in front of your garage. You may also call Salvation Army, Goodwill, Vietnam Vets and Habitat for Humanity for pick up information. Call and schedule pick up for about ten days from today. Give yourself a weekend for the first load. 
          This is a process of loads.
   https://satruck.org/donate/choose  https://goodwill.org https://pickupplease.org/california/ donationtown.org/charity/veterans/        
            Make three piles of everything in each room: a) would die without b) might use it c) don’t know where the other part is/ it is too small/ has a hole I never fixed/ is worn/ is ugly. Take the C piles out to your garage or staging area. Place all the C piles into boxes labelled for pick up outside and let them go.     
How buyers see your house

            You may want to go through the time and effort to plan a garage sale; but expect to sell each of your items for less than a dollar. This is a good way to get rid of furniture and large items you are hanging on to in the garage.  Run a free add in Craigslist – no phone number, do not say you are moving. Run a free ad in whatever you might. Make 15 cardboard signs which have direction arrows and brief address. The purpose of the garage sale is to recycle items. Take any offers they give you. If you have the item ready to sell it’s better to get fifty cents than donate as our tax donations are now deeply limited. DO NOT allow anyone in your home. Do not tell them personal information.  Have twenty+  one dollar bills and a roll of quarters for change. Don’t take any bills over twenty dollars. Wear clothing with pockets and keep change on your body.               
           Okay now you removed a little bit of the clutter. Don’t put everything back yet.

        Get painting quotes to repaint the walls all one neutral color. I’m not saying Navaho White but a cream/ beige/ off white/ dove gray or such that blends with your flooring.

        Scrub inside of everything. You now have clothing and pots and pans in the middle of the room. Start the deep clean from inside out. Scrub behind the refrigerator. Use de-greaser on the stove and under the stove. You need a gallon of cheap white vinegar, a couple big boxes of baking soda, a gallon of no drip bleach, 40 rags half of which should be microfiber rags, two 5-gallon buckets, a squeegee, Mrs. Meyer's vegetable-protein-based Clean Day Countertop Spray or Siege Premium Kitchen Degreaser.  You might prefer a product that cuts through faster but make sure you have all the windows open and a fan running as old-fashioned oven cleaner gets the gunk off but is not good for your lungs. Every surface should be clean. Wait to do mirrors, windows and glass surfaces last. Vacuum twice. 

            Rent a carpet cleaner the big blue commercial one from Home Depot but plan this in advance it’s a whole day ordeal. Since you are renting by the hour get the house set up Before you rent. Move or stack furniture on the not carpeted areas. P the store brand.

Clean all areas once. Rinse the gross water out of the machine. It’s a good idea to set up some box fans to speed the drying process. The fumes from the wet carpet are not healthy. Imagine that brown water evaporating. Now time to rinse the carpet. Clean out the carpet cleaner get all the gunk out of it. Fill with very hot water and a cup of white vinegar. Clean all the carpet a second time as a rinse load. Allow to dry. Put old towels down on walk ways. Did it come clean enough or must be replaced?          


           Second purge. No not as gory as the movie series. The house is getting into shape. Return clothing you wear for work and important daily wears neatly into to closets and drawers. Shirts are folded in threes with the chest up. Hangers all face the same way. Think military creases.

           Okay now we have the B items. Put these in boxes. 
           
           Get the painter in or take on this job yourself. Paint is cheap but the most vital improvement you can invest to sell your house. Every man who came into my house frowned at the girly French country sentimental feeling (which I loved). Your wallpaper choice, your purple child’s room or sunny yellow kitchen triggers is a decision maker. Do I hate on this flocked gold wallpaper? Do I despise the boho chic lamps? This is where their mind goes. Strip and steam off the wallpaper. 

         Next is repairs. Make a list. You know where the rusty hose bib sits, the musty closet, the broken hinge waits; but, after a while it all becomes a project for later or character of the house. Time to get the ticker list and a handyman to order all the parts and spend a day repairing all the visible imperfections and things you put off fixing. If you are brave start watching YouTube videos on how to replace or rewind your garbage disposal. Even if you start and leave it to the handyman, you learned something. 

          Okay now you are going to sort the B items. Some will be mementos, photographs, holiday ornaments, religious items, and costume jewelry. Box those up for storage. Box up all your jewelry except what you will wear every day and medications for storage as well. Only keep the thirty-day supply of medication y below one percent a year, or something better you are getting your load light to move and maximizing price of your home. 

          Do you have a creative friend? The friend whose house looks perfect and they always have their outfit right. Invite them for dinner and free advice. He/she may tell you to discard some more items. Go put them in the garage. Surfaces of counters should have three items. What you say – what about my collections? The collections go into storage. My son had a collection of 400 match box cars dating from 1953 and many were stolen during open houses and heaven knows by whom during the last home sale I went through.  

          Power wash the exterior of the home. Power washing may reveal you need to paint the exterior. can you get away with only painting the front door? 

          Yard clean up, Trim back everything. Clean out dead branches. Open views and light to windows. Order a load of mulch (cheaper direct from yard by a truck than by the bag but dragging the bags is easier than a wheelbarrow -you decide) The mulch will come in a week or so after you finish the clean-up. Did your do g leave holes in the grass? Buy a bag of rye grass or suitable grass seed for your climate zone and lawn type and re-seed all the holes. Scratch the dirt surface, sprinkle seed, cover with a little dirt and mulch and keep it wet. Every new spot you will be patching up. Where  I live there are two wholesale plant supply depots. Find yours. Plan to plant one color to accent the exterior color of the home.

          I didn’t say you must repaint but how does it look? I can’t tell you the magic flower bed color, this depends on what is available, season and color of your exterior. Send me a photo of the front of your home, I’ll tell you the colors. Spruce up yourself. Go to a mortgage banker and have them run your credit and income to see what you can buy down or up. 
           Call me I do this for free and help you get that FICO higher to get the best rate.
           You have time. Let’s do this. 
           Call me (949) 784- 9699

          Next stage is another post. After you got the house all pretty how to search for the best Realtor, how to save money on closing, how to find your next home.

                       

1/03/2019

Mortgage Interest Rates Down Time to Refinance

Mortgage Interest Rates are Down
Overall lower from 2018
Let's save you money on your monthly payments

Call to find out how or apply on my website 24/7
(949) 784- 9699

Stock Market Volatility is a Wild Card

Get your information ready and save some money


MARKET NEWS
  • The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed a 1.7% increase in job openings in October, still near August’s record high. Job openings reached 7.079 million, hirings are also up 3.4% to a level of 5.893 million.
  • The National Federation of Independent Business (NFIB) small business optimism index declined 2.6 points to a level of 104.8, a seven-month low. No components increased, only two were unchanged, and eight declined. The drop in sentiment was driven by negative outlook on expectations of the economy to improve.
  • Mortgage activity reacted to the recent drop in mortgage rates again for the week ending 12/7. New purchase applications are up 3.0% and refinance applications are up 2.0% for a composite increase of 1.6%.
  • In November, the consumer price index was unchanged month-over-month and up 2.2% year-over-year. The softer reading may be due to falling gas prices. Excluding food and energy costs, the index was up 0.2% month-over-month and up the same 2.2% annual rate.
  • For the week ending 12/8, initial jobless claims fell 27,000 to a level of 206,000. Continuing claims increased to a level of 1.66 million, still near the lowest level since 1972.
  • Retail sales are up 0.2% month-over-month, driven by spending at e-commerce and traditional big-box retailers. Excluding gas and auto spending, retail sales are up 0.5% month-over-month.

C G Barbeau
NMLS #324982
CMG FINANCCIAL

California

12/31/2018

Hungarian Paprika Vegan Bean Recipe

Hungarian Paprika
A friend of mine brought this excellent Hungarian Paprika back from her trip. It is strong and woody and yummy.
 This vegan recipe is easy and fast

Mushrooms, red bell peppers, Maui onion rough chopped

Saute the mushrooms, onion, and bell peppers in olive oil

pot simmering

oh wait there's a glass of red wine on the counter, you may need a dash to sweeten the pot
Ingredients:

1 medium Maui sweet onion chopped coarse
1 Tablespoon good olive oil
4 large mushrooms sliced large
1 carrot grated thin
4 cloves garlic sliced very thin
1 red bell pepper sliced
1 medium tomato chopped coarse
can of pinto beans drained
teaspoon soy sauce
half teaspoon Great Hungarian paprika
half teaspoon fresh ground pepper
half teaspoon thyme
half cup vegetable stock if cooks down fast
1/2 teaspoon salt

Saute onions 2 minutes in the oil
add all the other vegetables and saute 2 minutes
add beans and spice
 simmer 5 minutes it may need more liquid to keep from
sticking, add vegetable stock slowly
taste- does it need salt? add 1/4 teaspoon at a time

Ready in 15 minutes including prep time four minutes
Turn off heat and cover let it meld
Serve with corn bread, garlic toast or what comforts your soul
Cook time 10 minutes, prep time 4, sip of wine 1


Small bowl ( 3/4  cup ) is 180 calories
Nutrition:  I know it is protein 10 grams protein and nutrient rich,
but add the vitamin C in the pepper and B-6 and Vitamin A
to the other vegetables and it's good
You can add more vegetable stock if you want it soup-y
author: Caroline Gerardo
Cuisine: Vegan
Easy to make



12/27/2018

Refinance



A mortgage refinance creates numerous opportunities for homeowners. Traditionally, homeowners choose to refinance to secure a lower interest rate or change the terms of the loan. There are other advantages to refinancing, as well, depending on your situation.
Are you ready for a mortgage refinance? Do you know someone else who might be? Review our personalized refinance checklist below and if you get a “yes” to one or more of these questions, it might be the right time:
  • Can you lower your interest rate? Mortgage interest rates can fluctuate based on the borrower’s financial profile and greater economic influencers.  Payment reduction is also vital to review your monthly budget
  • Has your credit score improved? If you’ve made your mortgage payments on time, lowered your debt-to-income ratio, and used other credit accounts responsibly, chances are your credit score has improved. A higher credit score can help you refinance into a better loan program with a lower interest rate or shorter loan terms.
  • Can you shorten your loan terms? You may have financed your original home purchase with a 30-year fixed-rate mortgage, but after a few years you find you might benefit from a 15-year fixed-rate mortgage. Shorter term mortgages tend to have lower interest rates, and a term refinance can help you take advantage of those lower rates.
  • Do you want to convert from adjustable-rate to fixed-rate or vice versa? The advantages of an adjustable-rate and fixed-rate mortgage vary from homeowner to homeowner. Whether your original mortgage was an adjustable-rate or a fixed-rate, the current interest rate environment may be better suited for the other type.
  • Do you want to tap into home equity? As home values continue to rise, many homeowners are considering withdrawing home equity to use for home improvements, to pay down debts, or to meet other financial goals. If your home has appreciated in value since its purchase, and you have at least 20% equity in your home, a cash-out refinance or refinance into a Home Equity Line of Credit may be a great option for you.

If you answered “yes” to one or more of the questions above, or you know someone that would, we should talk! Before pursuing a mortgage refinance, it is best to have me review the specific situation to determine whether or not it’s the right move. Let's make 2019 wonderful !  

C G
NMLS 324982

12/26/2018

Advantages to Mortgages and Home Ownership


Your home is MUCH more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation. I just want you to know that I understand this and am dedicated to helping you find the right mortgage solution. Not just for today - but also for the long haul.
Here are my Top 3 Financial Advantages to Home Ownership:
 1) The Mortgage Interest Tax Deduction: Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income. You may wonder:
What impact will this have on my financial foundation?
 I’d be happy to walk you through some of the answers to that question. As you can imagine, numerous factors are involved and one size often does not fit all. Please call me at 949 784- 9699 if you’d like to set some time aside to analyze your situation. Let's talk about the maximum amount you may deduct today
2) Forced Savings - Equity: If you’re like me, you love any opportunity to build equity in something of value over time. That’s why I believe you’re going to enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow - as will your feeling of self worth and satisfaction. To see a specific example of how this momentum will build for you, please be sure to ask me for an amortization schedule for the loan scenarios we analyze together.
3) Long Term Potential for Appreciation: Let me be clear - there are no guarantees the home you buy will appreciate in value - especially in the short term. In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.
That being said, I always recommend my clients buy a house because they’re going to love spending half their time (or more) there - not because they think one house will appreciate more than another. After all, how does one put a price tag on happiness?

 I sincerely appreciate you allowing me this opportunity to help educate you on the home buying process.
http://www.cmgfi.com/agents/caroline--gerardo-barbeau

https://my.cmgfi.com/borrower/signup/cgerardo@cmgfi.com