Get Your Mortgage Approved

 

A good number of home loan applications were denied for houses 

in 2019, according to the latest available data supplied by lenders to the

 federal government under the Home Mortgage Disclosure Act. 

Don’t be another number. Buy or refinance or enjoy your dream home.

 

Reasons for the denials:

• High debt-to-income ratio
• Poor credit history, low middle FICO or no credit
• Lack of collateral
• Incomplete applications, insufficient cash, unverifiable information, 
• spotty employment history, and all types of things 
• that I call let’s share confession together and fix those narratives
• Negative income or no income on IRS returns
• Cosigning for family members on large accounts
• Clouded title or DIY title transfers
• Job changes outside of prior career that don’t make sense
• Buying owner occupied down in value in 
• same neighborhood without explanation

Many rejected applicants narrowly missed qualifying for a home loan, 

while others received less-than-desirable mortgage offers. 

Fortunately, both groups may be eligible for better mortgage options. 

All it takes is a little help and a mortgage banker who cares.

 Having a mortgage banker with twenty nine years of experience 

and three billion dollars in closed loans makes all the difference. 

We are available to answer your questions seven days a week for free. 

I’m willing to vet your scenario or price check your offer. 

We can close a real estate transaction in twelve days if you are cooperative. 

Low rates, thousands of types of mortgages, no up front cost to shop…

Borrowers with low credit scores may not realize how much their financial decisions, 

credit score and interest rate factor into mortgage qualification. 

Fixing your credit increases the chances of obtaining a desirable mortgage loan.

 Even if we can’t make it perfect now we have programs with scores as low as 560

Creditxpert® Wayfinder™ evaluates hundreds of options, 

looking at the positive and negative factors influencing the borrower’s credit score to offer the best possible solutions.

Our Simulator proposes changes you can tweak could take to raise you credit score,

 such as adding or removing accounts and correcting errors.

After the borrower has completed the recommended actions, 

our Score  program can update credit bureau files and re-pull credit 

within as little as 72 hours.

• Delete misreported, inaccurate or outdated information
• Remove derogatory information and accounts reported in error
• Update accounts that are paid in full and closed
• Update the status of a collection, including balance or paid-in-full status
• Update accounts included in bankruptcy
• Remove late dates from tradelines

Let’s get you looking perfect on paper before you write the offer 

so you can buy that home in this competitive market. 

We are here to help.

(949) 784-9699

NMLS 324982

20 Pacifica #460 Irvine, California

 

 

Sowing seeds

 It doesn't matter if you have an acre or a tiny balcony 

growing flowers and vegetables will make you feel at home.

Starting seeds in paper egg cartons is an easy 

and cheap way to start your garden

• Some seed companies I like:
• Johnny’s
• Baker Creek
• Select Seeds
• Kitazawa
• Vilmorin
• Franchi
• American Meadows
• Renee's Gardens
• Seed Saver Exchange
• Sow True Seed

Mortgage Refinance

Mortgage Refinance  
Tips For Getting 
Approved

Getting a low refinance rate for your mortgage 

can be very complicated.

However, with a few tips you will be able 

to get the loan you need 

and get the lowest monthly payment possible. 

There are many reasons that people refinance their mortgage.

Some of the main reasons why: 

You have old loans that have high interest rates, 

You have debt that is catching up to you,  

You want to pay for college or to invest in another

property.

Whatever the reason there is a solution that is available for you.

 Here is how you can do it.

The first thing that you need to do is find out what your 

mortgage refinance options

are best for your needs. 

One of the most popular choices is a fixed rate mortgage. 

This type of mortgage can lower your monthly payment since rates are so low.

There is not much difference in rate between a fifteen year 

or five year or ten year loan.

The fifteen year mortgage has the lowest rate but highest payment

Perhaps you cannot qualify for a government backed type loan, we

have solutions to help self employed borrowers or those who have assets but 

not W-2 income.

If you plan on applying for a mortgage refinance, 

then you should know how to get approved. 

If you have a decent credit score, a FICO above 690,

you should have no problem getting approved for a mortgage. 

The mortgage industry is very competitive, 

and you will be able to find the perfect mortgage. 

Another thing you can do to get a lower interest rate 

is to pay points off your mortgage. 

This reduces the amount of interest you pay on your mortgage,

 which can save you thousands of dollars over the life of your mortgage. 

Points are not a great choice if you think you will sell in the next four years.

We will advise you on the best mortgage.

As you can see, there are many ways to get approved for a mortgage refinance 

if you are ready to take your financial situation into your own hands. 

You should be prepared with all your financial information before you start 

filling out applications, it is not necessary to have perfect credit 

in order to get approved for a mortgage.

 

• 
  

Get $1400 Now

If you do not have your $1400 stimulus check or debit card yet you can check here with the IRS as to status:

https://www.irs.gov/coronavirus/get-my-payment

If the IRS says not pending...

 Did you file a 2019 return?

Your adjusted gross income must be less than $69,000  for 2019 year can file their 2019 federal taxes for free this year using IRS Free File. Even if you made nominal income, go ahead and file right away to receive stimulus checks.

Many states also allow free filing online of income taxes at no charge. They do so through Free File offered either by the IRS or by states that have a similar public-private partnership.

When you file your 2019 return online it will also ask you if you received the $600, if the answer is no, it is a credit to you.

I suggest you file online today and enter your correct routing number and checking account number to receive the $600 and $1400 right away. If you don't have a checking account it may take four or five weeks to receive either a check or a debit card in the USPS mail.

• Most people make less than the $69,000 income limit. So, many people can use Free File, the system is pretty simple. Have your W-2 forms, 1099 forms, and social security number out to type in the numbers. You can even do this from your smart phone.

• Taxpayers complete federal tax return before they can begin their state taxes. 
• The IRS has extended filing through 5/17/2021 which is in tact for wage earners and schedule C businesses. There is no reason to wait.
• Be aware what type of return you file. If you are a wage earner you have until May 17 but if you have K-1, LLC, S Corp, and the more complex business returns there was no extension to file
• For business tax return filers 1065,1120S, 1120 etc the extension is not applicable. 
• Self employed borrowers need to file or extend now.

If you are applying for a home mortgage the 2019 extension or return is required depending on which you filed in 2018.

If you want to apply now for a low rate you can start at any time here:

Apply for home loan

 

John Everett

The Comet 

This stormy image of the sea is full of wonder.

John Everett (Herbert Barnard) born 1876

Came from wealth and chose a nomadic life at sea. 

His paintings are recognized now long after his death in 1946.

Not enough bits of his life to make the puzzle fit together.

Married Katherine Everett and had two children that he didn't raise.

She became a landscape garden designer- how I wish there were images

of her work. All we have is her novel, Bricks and Flowers.

Painting of the gardens from the manor where Katherine lived 

(artist not sure from notebook owned by Lady Ardilaun)

Ruins At Sandsfoot Castle

Did he change his name to John because he didn't want to be Herb 

like his father or to emulate Millias???

And now what you came here

 to read the exciting ECOA rules.

Sometimes writing about mortgage is not beautiful.

Regarding Fair Access to home loans:

Credit must be made equally available to all creditworthy 

customers who may be eligible or qualified for them,

 in compliance with all fair housing, 

ECOA and applicable lending law. 

The statute makes it unlawful for any creditor 

to discriminate against any applicant with respect to any aspect of a credit transaction 

(1) on the basis of race, color, religion, national origin, sex or marital status, 

or age 

(2) because all or part of the applicant’s income derives from 

any public assistance program (including, without limitation, 

Social Security income and income derived

from Housing Choice Vouchers); and

(3) the applicant’s good faith exercise of any right under the 

Consumer Credit Protection Act, disability, and familial status.”

 *It shall not be an unlawful discriminatory practice to 

consider age in determining credit worthiness 

when age has a demonstrable and statistically sound relationship to a determination 

Mortgage Rates

Mortgage rates remain the same as yesterday, 

though the demand decreased.

Home loans at two or three are just an amazing deal in 2021. 

Spring season is seeing some rising. 

Values of homes keep going up.

It is difficult to purchase a home when ten other people 

make over priced offers. 

I have some strategies to get your offer accepted. 

Let's talk about it.

Today's market opened sessions with treasuries 

lower across all maturities.

 The Ten Year yield is at 1.7119, 

0.90 basis points higher than prior closing of 1.7029.

US stocks rise as traders focus on technology 

shares before President Biden reveals his stimulus plan

 which includes a $2.25 trillion boost to infrastructure.

TODAY'S COUPONS:    Ten Year Notes 94- 21  ( -01.5) FN 2.5% Coupon 102-22 (+02.5) Support 1.257% Resistance 0.793%

Hipoteca

Necesidad de Hipoteca:

Declaraciones de impuestos Formularios 

del IRS todas las páginas 2019 2020

Formularios W-2 y 1099 para 2019 y 2020.

Talones de cheque de pago de los últimos treinta días.

Extractos bancarios todas las páginas 

de los últimos dos meses.

Identificación con foto.

Carta de concesión de pensión 

/ indemnización laboral / seguridad social.

Factura hipotecaria

Factura de seguro contra incendios 

solo la factura con número de póliza.

 

 

 

Tax returns IRS forms all pages 2019 2020

W-2 forms and 1099 for 2019 and 2020

Paycheck stubs past thirty days

Bank statements all pages past two months

Photo Identification

Award letter for pension

/ workman’s compensation/ social security

Mortgage bill

Fire insurance bill just the bill with policy number

Antique California flowers that grow easy in 

your home garden from seed: 

poppy, nasturtium, succulents, and sunflowers. 

You are my sunshine. 

Let's make getting your next home mortgage full of love.

C G Caroline Gerardo Barbeau | Sun West Mortgage ...

carolineg.swmcretail.com

 

Smokey Mountains

Smokey Mountains Trip

 Our trip to see the synchronized fireflies

We stayed in a fabulous AirBnB hosted by Syresa and Lonnie 

in a turn of the century house that was once a farm in Sevierville.

 The Mary Seaton room was charming and cozy. 

We had a reservation to get into the park and a campsite to park 

and wait for the fireworks show. 

Our plan was: park our Enterprise rental car in the space, 

 set up our cameras on tripods in the woods, wait for the witching hours, 

and return happy with photos and videos of the 

lightening bugs dancing in unison. 

I contacted Go Pro ten months in advance about purchasing 

their latest equipment to be able to record in low light or darkness. 

I spoke with Nick Woodman and he assured me this would be successful.

I even practiced on the ranch in moonlight. 

Unfortunately the videos are black darkness...

I can tell you about the fun of finding the old cemetery at night. 

We found two graveyards with fireflies and this was loads 

of fun for myself and my daughter. 

One is in the old ghost town in Elkmont and the other is 

near where we parked at the campsite. Scary fun.

Here are some other short videos. 

We saw Elk, Bears, butterflies, a fox, 

and lots of mosquitoes but all was a blast.

Elk strolling out of the woods to the nice mowed grass

Here comes the Mommies and baby elk calfs

One of the B and B's where we stayed

Solar Panel Mortgage Issues

 

I have a solar system. 

Mine is likely very different than yours, mine is off grid. 

Solar is a wonderful thing to reduce your electric bill 

and save money but can be a problem when you

refinance or sell your home. 

Solar has a limited life, and because it's silica or glass

 it's fragile to extreme weather. 

When you installed yours you might have gotten a Pace Loan.

Most don't read all the fine print about the Pace Mortgage. 

Here's some tips and tricks and a checklist:

Solar panels create a variety of challenges when you 

purchase or refinance real estate. 

The Title Officer and Mortgage Loan Officer first determine what 

type of instrument was used to install the unit. 

Was it financed, leased, rented back, purchased

 or some combination of methods to pay for the unit 

which is now real property, not personal property.

 Sometimes the homeowner doesn't own the units at all, 

and they allow access to utility company employees

 like an easement to climb on the roof.

Here is a little checklist on how to handle the variety of issues 

that may arrive when you buy a home with solar panels 

or try to refinance your existing home loan or mortgage

 to a lower payment.

No matter what the sales person told you all 

Pace Loans must be paid off to transfer title, refinance, or sell.

Que Hacer

 

Jane Brucker

How to Save Money

 

Tips and Tricks to Save Money

Call me cheap 

I can save money fast.

Review credit card annual statement:

Auto subscriptions- go to the website, scroll down,

 cancel, and unsubscribe.

Gym memberships- cancel and change to: 

Youtube yoga or online free workouts.

Vitamins, wine and beauty products by 

subscription are more expensive.

Shop for generics especially for your prescription drugs.

Pay off credit card debt. Not just move it around. 

Pay it down.

Don’t buy packaged foods.

Don’t buy fast fashion, find unique items 

that have been gently loved.

Do you watch cable television seven days a week? 

Can you cancel for a couple months and 

substitute getting books from the library, 

being creative, writing letters, and walking?

Substitute an xbox and cheaper internet with 

Netflix if you must watch movies.

Utilities turned on and not needed. 

My Dad always knew when you left a 

light on in your bedroom on the other side of the house. 

How he knew was some kind of magic, 

but we never bet him. 

Turn lights off, turn the thermostat down,

 put on a sweater, enjoy fresh air…

Never buy a new car, and never lease one, 

both are throwing money away. 

Research carefully the prices, maintenance tips, 

and know what a vehicle deal truly is: a car that always gets you there.

If you own your car without payments, 

you have more freedom than the guy with the fancy car at the valet. 

Keep your car in top shape by changing the oil early, 

checking the tires, cleaning it every week yourself.

Find an old bike and a helmet and start using it for short trips.

With the pandemic we all learned how to cook at home. 

My Noni taught me to always buy what is in season 

and to plan your weekly meals in advance.

 So how do you know what’s in season? 

Ask at the farmer’s market what’s coming next week… 

The produce direct from farm will last longer and taste better. 

Which leads me to grow your own. 

Eat at home. It is healthier and cheaper.

Seeds are free at many exchanges, as are cuttings from other gardeners. 

Pots and containers are often given away on freecycle.com 

or at yard sales. 

There is nothing as delicious as a tomato you grew still 

warm from sunshine.

What can you do to increase a little side income? 

Not uber or doordash, something that is special to you 

and doesn’t wear on your car. 

Offer to walk the neighbor’s dog in exchange for something. 

When you have extra of a find that has limited time or spoils, 

share it with neighbors or friends. 

I love to go strawberry picking in the spring. 

I’m allergic to the berries (can maybe eat one) 

but I enjoy the activity, so I bring back a box 

for my Mom and my neighbor.

What can you freelance? 

Write? Blog? Teach? Babysit? 

Counsel? Giving of yourself will grow your soul.

It’s not your title, your car, your designer whatnot 

that makes you whole. 

Knowing you are your own person who can take 

care of yourself and your community has great benefits.

 

Proposition 19 California

 

Proposition 19 Boomerang On The Backside of the Head?

Or is it to be litigated to grinding halt?

The Advertisements sold us on helping those families 

from Paradise displaced by wildfires. 

Remember Kristy, “Our homes were burned to the ground. 

We couldn’t move because of taxes… vote yes.”  

And the ads from The California Association of Realtors 

backed the bill because, ‘geeze it will open up all those listings… 

the market will become open again, 

and a chicken in every pot for every Realtor…

However now numerous county Assessors and 

Tax Collectors are stumped at the loopholes 

and work left for them to litigate.

Prop 19 builds more tax revenue for California.

 It does not protect homeowners. 

The previous law allowed parents (and some grandparents) 

to transfer their primary residence, of any value, 

to their children and the assessed value for

 tax purposes would remain unchanged. 

Wealth could be passed to your heirs in the form 

of your primary residence and one investment property 

with the investment property not to exceed a million dollars. 

Children or grandchildren were not required to 

live in the property to keep the basis.

Under Proposition 19 homeowners who are over age 55, 

disabled, or victims of natural disasters 

may transfer their property tax base 

(current assessed value) when they sell their home

 and purchase a new one anywhere within the state. 

They can also transfer that tax base to a home of greater value. 

Under the old law (Prop’s 60/90), 

homeowners could transfer their property tax rate 

to a home of equal or lesser value in certain counties. 

Only twelve of the fifty eight counties in California in the past 

“cooperated” in transfers (mostly the richer higher cost counties). 

The new law allows homeowners to transfer their property tax 

assessment up to three times, where previous law allowed them to 

transfer it once. Prop. 19 goes into effect on April 1st, 2021, 

just weeks from today.

The piece that is still unclear is how family transfers 

and inheritance will be handled. 

The real estate is required to be the primary residence of the parent, 

and the child inheriting the property must move into the home as their 

primary residence within one year of the transfer in order to avoid a 

reassessment.

Who is going to check and verify owner occupancy?

Counties with reduced revenues don’t have investigators who can door 

knock to check. 

They can only check where the bill is mailed (often to the lender for 

impounds).

 

Parts of the Bill are under repeal, and the courts 

will decide all the ins and outs which were 

left open to interpretation. 

The suits win.