Active Listings: 101 Total, 69 of these are standard sales
87 Single Family Homes, with the average list price of $797,350
14 Condos, with the average list price of $247,805
Pending/Backup Position: 38 Total, 17 are standard sales
26 Single Family Homes
12 Condos
Sold Since 10/1/2010: 9 Total, 7 of these are standard sales
7 Single Family Homes
2 Condos
Price Ranging from $170,000-$1,210,000
ta-ta for now :)
Wednesday, October 27, 2010
Sunday, October 24, 2010
It's that spooky time of year again...HALLOWEEN is already one week away! Such a fun holiday where you get to dress up, have fun, and eat lots of candy! (I've already had more candy these past 2 weeks than I've had all year!) For all you with kiddies out there, here's a couple of safety tips to remember!
1. If you aren't going out with your child, make sure they are travelling in a good group of kids. Safety in numbers!
2. Remind them not to go into a stranger's house!
3. Always check before crossing streets...it's dark out and there are people on the road!
4. No shortcuts through alley-ways or backyards, etc. Remind your kids to stay in well-light areas.
5. Give them a flashlight of some sort to carry with them while out trick-or-treating.
6. Plan some sort of a safe route and know where they will be!!
7. When they come home, go through their candy before they eat any...you never know what could be in there.
8. Lastly, HAVE FUN!! It's a great holiday to go out and be a kid again :)
HAPPY HALLOWEEN!!!
Wednesday, October 13, 2010
FHA Mortgage Insurance Premium Changes
Hey guys! This is a looong post, but a useful one. There's been some changes with FHA loans and this explains it all!
On August 12, 2010 President Obama signed Public Law 111-229, which provides the Secretary of Housing and Urban Development (HUD) with flexibility with regards to the amount of mortgage insurance premiums charged on Federal Housing Administration (FHA) homes loans. FHA has an "upfront" and an "annual" Mortgage Insurance Premium (MIP) that is charged on all single family homes (1-4 units).
The new MIPs are effective on all FHA loan applications dated after October 4, 2010. For 30 year and 15 year mortgages, the upfront MIP will go down to 1.00% from 2.25%. The upfront MIP is a one time charge that gets added on to the base loan amount. The base loan amount would be the difference between the sales price and down payment on a purchase. The annual MIP will have an increase. For 30 year loans with less than 5% down payment, the annual MIP will increase from .55% to .90%. It will be .85% for 30 year loans with more than a 5% down payment. For 15 year mortgages, the annual MIP will be .25% with a 10% down payment or less. There is no annual MIP for 15 year mortgages with more than 10% down payment.
For 30 year loans originated after January 1, 2001, the annual MIP is automatically canceled after the loan balance reaches 78% of the original sales price, or the appraisal on a refinance, provided that at least five years of payments have been made. For 15 year loans the annual mortgage insurance is canceled after the balance reaches 78%, regardless of the length of time that payments were made. The upfront MIP has a partial refund schedule if the loan is paid off within the first few years.
Comparing the new vs. old MIP: borrowers will owe less on their home at closing but pay a higher monthly payment. Based on a $300,000 sales price the monthly payment for principal, interest, and mortgage insurance is an estimated $69 higher with the new premiums in effect. The good news is that FHA had the authority to raise the annual MIP to 1.55% but chose not to do so.
Prospective home buyers would want to compare all of their home financing options before making an offer on a home. Conventional loans with mortgage insurance may be an option for borrowers who have at least a 5% down payment, the required credit score, reserves, good job history, and do not need a co-borrower to qualify. An FHA loan will allow for a down payment of 3.5%, using gift funds for the purchase, co-borrowers are allowed with restrictions, and the credit scores requirement are not as stringent as Conventional loans.
Bill FitzMaurice
Home Loan Consultant
Professional Home Mortgage
Cell: 949.291.1770
On August 12, 2010 President Obama signed Public Law 111-229, which provides the Secretary of Housing and Urban Development (HUD) with flexibility with regards to the amount of mortgage insurance premiums charged on Federal Housing Administration (FHA) homes loans. FHA has an "upfront" and an "annual" Mortgage Insurance Premium (MIP) that is charged on all single family homes (1-4 units).
The new MIPs are effective on all FHA loan applications dated after October 4, 2010. For 30 year and 15 year mortgages, the upfront MIP will go down to 1.00% from 2.25%. The upfront MIP is a one time charge that gets added on to the base loan amount. The base loan amount would be the difference between the sales price and down payment on a purchase. The annual MIP will have an increase. For 30 year loans with less than 5% down payment, the annual MIP will increase from .55% to .90%. It will be .85% for 30 year loans with more than a 5% down payment. For 15 year mortgages, the annual MIP will be .25% with a 10% down payment or less. There is no annual MIP for 15 year mortgages with more than 10% down payment.
For 30 year loans originated after January 1, 2001, the annual MIP is automatically canceled after the loan balance reaches 78% of the original sales price, or the appraisal on a refinance, provided that at least five years of payments have been made. For 15 year loans the annual mortgage insurance is canceled after the balance reaches 78%, regardless of the length of time that payments were made. The upfront MIP has a partial refund schedule if the loan is paid off within the first few years.
Comparing the new vs. old MIP: borrowers will owe less on their home at closing but pay a higher monthly payment. Based on a $300,000 sales price the monthly payment for principal, interest, and mortgage insurance is an estimated $69 higher with the new premiums in effect. The good news is that FHA had the authority to raise the annual MIP to 1.55% but chose not to do so.
Prospective home buyers would want to compare all of their home financing options before making an offer on a home. Conventional loans with mortgage insurance may be an option for borrowers who have at least a 5% down payment, the required credit score, reserves, good job history, and do not need a co-borrower to qualify. An FHA loan will allow for a down payment of 3.5%, using gift funds for the purchase, co-borrowers are allowed with restrictions, and the credit scores requirement are not as stringent as Conventional loans.
Bill FitzMaurice
Home Loan Consultant
Professional Home Mortgage
Cell: 949.291.1770
Monday, October 11, 2010
Best Chicken Recipe
Alright, so food is a pretty big deal in my life. I love to cook and LOVE to try new things! I'm constantly looking for new recipes to try or new restaurants to visit (Yelp is a HUGE help in that search). I came across this chicken recipe last week on allrecipes.com and it was SO good, I just have to share it!
Original Recipe
Servings: 4
Ingredients:
4 skinless, boneless chicken breast halves
4 ounces Dijon mustard
1/4 cup Teriyaki sauce
1/4 cup bacon bits
1/2 cup grated Parmesan cheese
Directions:
1. Preheat oven to 400 degrees.
2. Place chicken in a 9x13 inch baking dish. Slather mustard evenly over chicken, then pour teriyaki sauce over all. Sprinkle with bacon bits, then cover with cheese.
3. Bake at 400 degrees for 30 minutes.
We made a few changes: we used spicy Dijon mustard, didn't use bacon bits, and instead of Parmesan cheese, we used Mexican blend, which we put on halfway through cooking. We also added some minced garlic...We served it with some cous-cous with sauteed tomatoes, zucchini, and spinach. DELICIOUS!
http://allrecipes.com/Recipe/Aimees-Quick-Chicken/Detail.aspx
Original Recipe
Servings: 4
Ingredients:
4 skinless, boneless chicken breast halves
4 ounces Dijon mustard
1/4 cup Teriyaki sauce
1/4 cup bacon bits
1/2 cup grated Parmesan cheese
Directions:
1. Preheat oven to 400 degrees.
2. Place chicken in a 9x13 inch baking dish. Slather mustard evenly over chicken, then pour teriyaki sauce over all. Sprinkle with bacon bits, then cover with cheese.
3. Bake at 400 degrees for 30 minutes.
We made a few changes: we used spicy Dijon mustard, didn't use bacon bits, and instead of Parmesan cheese, we used Mexican blend, which we put on halfway through cooking. We also added some minced garlic...We served it with some cous-cous with sauteed tomatoes, zucchini, and spinach. DELICIOUS!
http://allrecipes.com/Recipe/Aimees-Quick-Chicken/Detail.aspx
Monday, October 4, 2010
New PLACENTIA Listing
Ok, everybody, here is a GREAT opportunity! I just listed a beautiful home in Placentia in a great community! This is the largest floorplan in this community with 2,000 square feet and 3 bedrooms, 3 baths and an upstairs loft. The kitchen is open with granite countertops, a center island, and recessed lighting. The interior was freshly painted, and the carpet will be replaced! An association pool and spa is right down the street for your enjoyment! The backyard has a nice patio area and a beautiful, grassy, and well-maintained side yard. The virtual tour link will follow!
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