** CURRENT INTEREST RATES **

<*><*> Hi Folks <*><*> An FYI for you. The interest rates are moving a bit in an upward fashion <*><*> Currently they are 4 1/8 % on a FHA LOAN with movement on a daily basis <*><*> I don't think we will see them go back below 4% <*><*> Get a great interest on on your purchase of your dream home! <*><*> Call "C.J." at 909/ 910-2481 For HELP or QUESTIONS <*><*>

WHEN YOU MOVE INTO A NEW HOME

** FOLKS SOME SUGGESTIONS & CALL FOR ANY HELP AT 909/ 910-2481 *************** 6 Things Everyone Should Do When Moving Into a New House ** When I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment. That meant I could take my time packing and moving, and I could get to know the new place before moving in. I recruited family and friends to help me move (in exchange for a beer-and-pizza picnic on the floor) and, as a bonus, I got to pick their brains about what first-time homeowners should know. Their help was one of the best housewarming presents I could have gotten. And thanks to their expertise and a little Googling, here’s what I learned about what to do before moving in. *** 1. Change the Locks *** You really don’t know who else has keys to your home, so change the locks. That ensures you’re the only person who has access. Install new deadbolts yourself for as little as $10 per lock, or call a locksmith — if you supply the new locks, they typically charge about $20 to $30 per lock for labor. *** 2. Check for Plumbing Leaks *** Your home inspector should do this for you before closing, but it never hurts to double-check. I didn’t have any plumbing leaks to fix, but when checking my kitchen sink, I did discover the sink sprayer was broken. I replaced it for under $20. Keep an eye out for dripping faucets and running toilets, and check your water heater for signs of a leak. Here’s a neat trick: Check your water meter at the beginning and end of a two-hour window in which no water is being used in your house. If the reading is different, you have a leak. *** 3. Steam Clean Carpets *** Do this before you move your furniture in, and your new home life will be off to a fresh start. You can pay a professional carpet cleaning service — you’ll pay about $50 per room; most services require a minimum of about $100 before they’ll come out — or you can rent a steam cleaner for about $30 per day and do the work yourself. I was able to save some money by borrowing a steam cleaner from a friend. *** 4. Wipe Out Your Cabinets *** Another no-brainer before you move in your dishes and bathroom supplies. Make sure to wipe inside and out, preferably with a non-toxic cleaner, and replace contact paper if necessary. When I cleaned my kitchen cabinets, I found an unpleasant surprise: Mouse poop. Which leads me to my next tip … *** 5. Give Critters the Heave-Ho *** That includes mice, rats, bats, termites, roaches, and any other uninvited guests. There are any number of DIY ways to get rid of pests, but if you need to bring out the big guns, an initial visit from a pest removal service will run you $100 to $300, followed by monthly or quarterly visits at about $50 each time. For my mousy enemies, I strategically placed poison packets around the kitchen, and I haven’t found any carcasses or any more poop, so the droppings I found must have been old. I might owe a debt of gratitude to the snake that lives under my back deck, but I prefer not to think about him. *** 6. Introduce Yourself to Your Circuit Breaker Box and Main Water Valve*** My first experience with electrical wiring was replacing a broken light fixture in a bathroom. After locating the breaker box, which is in my garage, I turned off the power to that bathroom so I wouldn’t electrocute myself. It’s a good idea to figure out which fuses control what parts of your house and label them accordingly. This will take two people: One to stand in the room where the power is supposed to go off, the other to trip the fuses and yell, “Did that work? How about now? You’ll want to know how to turn off your main water valve if you have a plumbing emergency, if a hurricane or tornado is headed your way, or if you’re going out of town. Just locate the valve — it could be inside or outside your house — and turn the knob until it’s off. Test it by turning on any faucet in the house; no water should come out.

** PRICE REDUCED ~ COME SEE THIS ONE **

**GORGEOUS HOME 35414 COYOTE CREEK CT. ( CANYON HILLS ) IN LAKE ELSINORE ** LISTED NOW AT ONLY $379,500 ** 2,707 sf. ; 4 BD/ 3~FULL BATHS WITH AN UPSTAIRS LOFT ** MANY UPGRADES ** CALL CJ FOR MORE INFO OR PRIVATE SHOWING (909/9102481) ** OR TELL YOUR REALTOR ** MLS # TR16751383 **

WHEN SHOULD YOU BUY ???

** Hi Folks ** Here is some information for you to digest *** Questions *** Call Cj at 909/910~2481 **

** NO RAIN PREDICTED THIS WEEKEND ~ COME SEE THIS ONE **

**GORGEOUS HOME 35414 COYOTE CREEK CT. ( CANYON HILLS ) IN LAKE ELSINORE ** LISTED AT ONLY $382,500 ** 2,707 sf. ; 4 BD/ 3~FULL BATHS WITH AN UPSTAIRS LOFT ** MANY UPGRADES ** CALL CJ FOR MORE INFO OR PRIVATE SHOWING (909/9102481) ** OR TELL YOUR REALTOR **

*AMBERHILL ESTATE HOME IN SO.CORONA W/ GUEST HOUSE*

<*><*><*><*>** FOLKS **<*><*><*><*> THIS IS A 7~Bd Estate w/ 5 Baths & 2 ~ 1/2 Baths Total ** The Combined Living Space is 6,642 Sf. with a Lot of 26,572 Sf. (Guest House = 1,400 Sf) ** Property Features Custom Pool & Spa w/ Waterfalls, Outdoor Fireplace; Patio, Built-In BBQ Island & Pizza Oven; Putting Green * Koi Pond w/ Waterfalls **<*><*>** 663 JILLIAN ASHLEY WAY, CORONA 92881 **<*><*>** LISTED AT $1,399,000 **<*><*>** CALL "C.J." FOR PRIVATE SHOWING @ 909/910~2481 **<*><*>** BUYER MUST PROVIDE POF OR PRE-APPROVAL LETTER TO VIEW **<*><*>**

<*> WHY USE A REALTOR <*>

<*> Here is some of the value a Realtor can give to you <*> Call Cj for help with your Real Estate Needs <*> 909/910-2481 <*>

<*><*> WHAT IS YOUR HOME WORTH <*><*>

**~**~** HAPPY NEW YEAR FOLKS **~**~** Have you wondered what your home is worth now in 2017 ?~?~? **~** Get a Free Market Analysis **~**~** Call Cj at 909/ 910~2481 ... Also any Questions regarding a Purchase or Leases ... Quick Response **~**

<*><*> HOME SAFETY <*><*>

<*><*> HI FOLKS <*><*> Here are some GOOD TIPS for Securing Your Home .. Thinking of Selling, Buying or Leasing ... Experience Counts ... Call "Cj" at 909/ 910~2481 <*><*>

WHAT ARE SHADOW BANKS ?

***** HI FOLKS **** I THOUGHT THIS ARTICLE MAY INTEREST YOU AND IF YOU HAVE ANY REAL ESTATE NEEDS ... CALL Cj AT 909/ 910~2481 ***** <*><*> ‘Shadow Banks’ Are on the Rise for Home Loans: Should We Be Afraid? Where do home buyers go for a mortgage? To a bank, of course—or at least that’s what many might think. Yet a new force has taken over home financing, called “shadow banks.” So what are these non-banks exactly, and should we run for the hills? In a nutshell, these are the less conventional places that don’t provide savings accounts, only loans to buy homes. They include companies like Quicken Loans, which is one of the nation’s largest mortgage providers, Caliber, and loanDepot.com. But they can also be companies run by wealthy individuals using their personal fortunes to finance loans and then pocketing monthly interest payments, according to the Wall Street Journal. Or they could be funded by private equity, which is financed by pooled investor cash. And, as a group, they’re no longer operating on the fringes of the housing industry. Instead, shadow banks “have overtaken U.S. commercial banks, to grab a record slice” of the market,” according to a recent housing report by ATTOM Data Solutions. This group of nontraditional lenders now accounts for 48.3% of mortgages in 2016—compared to just 23.4% in 2008, according to the ATTOM report. “The big banks got burned by the financial crisis, so they’ve become much more hesitant to make loans that are even close to being risky,” says Daren Blomquist, senior vice president at ATTOM. These mortgage makers are very appealing to buyers without a 20%—or even 10%—down payment and therefore have trouble getting a loan from a regular old bank, says Blomquist. This might make sense for first-time buyers, or folks who have gone through a foreclosure. But are they right for everyone? And, more to the point: Are they harbingers of the risky loaning behavior that help bring on the U.S. housing collapse? Could shadow banks lead to another housing crisis? As a group, these lenders are not subject to the same level of governmental scrutiny, regulations, and fees that drove many traditional financial institutions, like banks, out of the space after the housing bust. But they still come under a significant amount of federal oversight. In short, regular banks retreated, so shadow banks moved in. What’s wrong with that? As market media site Seeking Alpha has pointed out, shadow banks are “some of the same characters that played leading roles [in the last housing crisis].” Not all experts believe we should be overly worried. “While it’s true that so-called shadow banks played roles in the last housing crisis … the market itself is very different,” says David Reiss, a professor of Law at Brooklyn Law School and editor of REFinBlog.com. For one, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010 in response to the housing meltdown of 2008, changed how all lenders—banks, shadow banks, and otherwise—make loans, to better ensure there isn’t another housing bust. Another big difference: Lenders are now documenting the income of borrowers to make sure these new homeowners can afford to make their monthly payments. “There’s no evidence out there that non-banks are lending in any sort of imprudent way and/or hurting consumers,” Guy Cecala, publisher and CEO of Inside Mortgage Finance, tells realtor.com®. “In fact, most non-banks are more competitive than banks when it comes to mortgage interest rates and fees.” “But they don’t have the same level of capital [such as cash], assets, or liquidity as banks do,” he says. What to consider before getting a shadow bank loan? Borrowers should just take care to tread carefully and examine the terms and conditions of the financing before signing on the dotted line, says Mark Greene, a longtime mortgage lender based in Hackensack, NJ. He recommends looking for red flags like adjustable rate change terms, prepayment penalties, and other hidden fees. Good ol’ common sense will come in handy too. “If your loan is coming from a fishy-sounding company like Two Brothers Fly-by-Night Hard Money-Lenders, Inc., you may want to dig a bit deeper, to figure out what kind of lender it really is,” says law professor Reiss.