Interest Rates and Loan Programs

For your review...  Please see the document below.  I had a chance to speak with one of our seasoned CFC Loan Reps this morning about some of the "ins and outs" of the loan business and how "knowledge is power" (actually, some would say, "APPLIED knowledge is power."  I think it's somewhere in the middle, but anyhow...)

He informed me that he is working with a buyer that is interested in a home in the $450K to $500K price range.  His buyer was looking at a "Homepath" listing at about $450K that needed about $50K in work, and the interesting thing is that a Homepath property does not have Mortgage Insurance (M.I.)...  He went on to clarify that the M.I. is actually "built into the rate".  The other home he was interested in was about $500K and needed NO work at all (it was move in ready.).

So... the payment difference was about $65/mo. more for the nicer, more expensive home that was "move in ready."

The moral of the story...  sometimes it pays to do the math!  (And if you don't like doing the math, give me a call, I have plenty of GREAT loan contacts that will be happy to do the math for you, and help you find out what will work best for you!)

Thanks Eddie at CFC for this great info!

Check out my NEW WEBSITE! www.bbreal.net

I have a GREAT new website for you to be able to check out new listings, contact me directly, I can put you on my "drip" system and you can be updated automatically when new listings that meet your criteria come up.

www.bbreal.net


My team has also come up with a GREAT new tool for you to be able to anonymously find the value of recently sold homes in your neighborhood.

Please go to the following website for more info:

www.bbreal.net/sold
(screenshot below)

 

 

Just enter your property address and voila!  (E-mail address is optional!  Not Required! you can just leave it blank!)

(Note:  you MUST put in the "/sold" to get to this website!  Also, please note, my team created this tool, paid for it, and designed it, so we OWN this tool!  This is why you can use it free of charge and anonymously (Well, only you and the NSA will know  :-)  )   and I encourage you to share this great tool with your friends/relatives.)



Best of luck!

Great Information to "Make it a Great Day!"

Thanks Stephen for this excellent e-mail this morning!


1. Exercise. I’ve said it once, I’ll say it again. Most people that work out daily, work out in the morning. Whether it’s a morning yoga session or a trip to the gym, exercising before work gives you a boost of energy for the day and that deserved sense of accomplishment. Anyone can tackle a pile of paperwork after 200 ab reps! Morning workouts also eliminate the possibility of flaking out on your cardio after a long day at work. Even if you aren’t bright eyed and bushy tailed at the thought of a 5 am jog, try waking up 15 minutes early for a quick bedside set of pushups or stretching. It’ll help wake up your body, and prep you for your day.

2. Map Out Your Day. Maximize your potential by mapping out your schedule for the day, as well as your goals and to dos. The morning is a good time for this as it is often one of the only quiet times a person gets throughout the day. The early hours foster easier reflection that helps when prioritizing your activities. They also allow for uninterrupted problem solving when trying to fit everything into your timetable. While scheduling, don’t forget about your mental health. Plan a 10 minute break after that stressful meeting for a quick walk around the block or a moment of meditation at your desk. Trying to eat healthy? Schedule a small window in the evening to pack a few nutritious snacks to bring to work the next day.

3. Eat a Healthy Breakfast. We all know that rush out the door with a cup of coffee and an empty stomach feeling. You sit down at your desk, and you’re already wondering how early that taco truck sets up camp outside your office. No good. Take that extra time in the morning to fuel your body for the tasks ahead of it. It will help keep you mind on what’s at hand and not your growling stomach. Not only is breakfast good for your physical health, it is also a good time to connect socially. Even five minutes of talking with your kids or spouse while eating a quick bowl of oatmeal can boost your spirits before heading out the door.

4. Visualization. These days we talk about our physical health ad nauseam, but sometimes our mental health gets overlooked. The morning is the perfect time to spend some quiet time inside your mind meditating or visualizing. Take a moment to visualize your day ahead of you, focusing on the successes you will have. Even just a minute of visualization and positive thinking can help improve your mood and outlook on your work load for the day.

5. Make Your Day Top Heavy. We all have that one item on our to do list that we dread. It looms over you all day (or week) until you finally suck it up and do it after much procrastination. Here’s an easy tip to save yourself the stress - do that least desirable task on your list first. Instead of anticipating the unpleasantness of it from first coffee through your lunch break, get it out of the way. The morning is the time when you are (generally) more well rested and your energy level is up. Therefore, you are more well equipped to handle more difficult projects. And look at it this way, your day will get progressively easier, not the other way around. By the time your work day is ending, you’re winding down with easier to dos and heading into your free time more relaxed. Success!

Current Market Conditions in Southern California

With the government shutdown, there has been some good news if you are buying or selling a home.  Interest rates have dipped back down a little bit.  Most experts believe this to be a very temporary dip, and due to the stock market selling off, that raises prices in the bond market, so conversely, the interest rates drop.  Again, according to most experts, this is anticipated to be a very temporary dip in the interest rates.  If you are shopping for a new home, I would recommend locking in your loan before the government shutdown is over.  Usually the stability in government leads to more consumer confidence and a rally in the stock market... which will raise interest rates.

In other news, there are more and more homes for sale in the area.  Homes are staying on the market longer, and the appraisal values are coming in a little light (for the most part.)  If you are thinking about selling your home, it still may be a GREAT time to do so.  Interest rates are still near record lows, and home prices have risen significantly over the past year.

Some more GREAT NEWS to report!!!!  My team has recently created, developed and now has given you FREE ACCESS to prices of recently sold homes in your neighborhood anywhere in Southern California, and best of all, we use data that is "live", and is updated daily.  My team financed the entire project for this web based tool, NO E-Mail Address is required to use our search tool, and results are displayed instantly online, just enter the address of the home you are interested in find out what homes in the area have recently sold for, and the system will display recently sold homes (usually within 1/2 mile, and sold within the last 6 months.)  If you are interested in using our fun new toy, give it a whirl at:

www.moorparkrealty.com/sold/

(note, you MUST include the "/sold/" to get to this tool.  If you just use www.moorparkrealty.com, it directs you to my troop website and you are able to search for homes on my website.)

Again, we did this with the intent of giving you the ability to review the data yourself, free of charge, and without having to provide your e-mail address, phone number, or any other personal data!  You just enter the property address of the home you want to find out what the neighborhood has been selling for, and results are displayed instantly!

Of course, if you'd like to e-mail me directly, I'd be happy to help you with the information as well.

Best of luck!  If you're buying, selling, investing, or flipping, give me a call (or e-mail.)

Brett Bystrom
805-338-6560
brettbystrom@gmail.com

Latest Neighborhood Information 10-4-2013

Please see attached flyer recently distributed in the neighborhood.