Saturday, December 29, 2012

Sunday, December 23, 2012

Washington Is Bad For Business



Epoch Investments chief Bill Priest tells Steve Forbes that there should be economic growth for the U.S. in 2013, but the political atmosphere in Washington is a nightmare for business.

Full Interview (Part 1): http://bit.ly/R996rS
Full Interview (Part 2): http://bit.ly/12uarNA

Thursday, December 20, 2012

Inside A Real-Life Spy Mansion



Espionage historian H. Keith Melton takes Forbes reporter Morgan Brennan on an exclusive tour of his Metropolis-inspired lair.

Friday, December 14, 2012

Grow Curb Appeal for Fall - Presented by TruGreen



TruGreen, the nation's largest professional lawn care service provider, presents episode three in its "Grow Curb Appeal" webisode series to provide simple tips for enhancing your home's first impression. Jason Cameron, licensed contractor and TV host, stars in TruGreen's seasonal webisodes, in which healthy lawns and landscapes play a leading role.

Wednesday, December 12, 2012

Golfing Across Eras



PGA legend Gary Player and Tour newcomer Billy Horschel try out clubs -- and styles -- from the 1920s onward.

Monday, December 10, 2012

Branching Out - A Look at our Local Libraries



Here's a quick look at some of the activities taking place at the Ulatis Cultural Center Library in December!

Tuesday, December 4, 2012

3 Tips For Wealth Preservation



Owning stocks for the long run, planning for college costs and avoiding tax hits in retirement.

Saturday, December 1, 2012

Staff Profiles: Michael O'Rourke


Michael O'Rourke
 
As the owner of Big Valley Mortgage, I would like to thank all our employees, who over the years, have become like family. I would further like to thank all our loyal clients who have looked to us when they have needed Real Estate professionals. It is with everyone's help that we are privileged to serve the very community we live in.

Feel free to contact me at 707-455-7070 ext. 304

CA DRE LIC # 01259806/01215943
NMLS # 214645/1850
479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone: 707-455-7070 ext 304
Fax: 707-455-8337

Email: morourke@thelendingpros.com

Wednesday, November 28, 2012

Staff Profiles: Jim Silva


Jim Silva

I have been in the mortgage business for over 20 years helping clients achieve their financial goals.  My goal is to guide you through the mortgage process and help you decide the best product for your needs.
I have been a resident of Solano County all my life and watched our community grow.
After running my own branch of APMC for over five years I joined Big Valley Mortgage because of their integrity and dedicated staff.

CA DRE # 00924799
NMLS # 215349

479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone: 707-455-7070 ext. 311
Fax: 707-455-8337

Email: jsilva@thelendingpros.com

Sunday, November 25, 2012

Staff Profiles: Jim Fox


Jim Fox

Over the last 20 years, I have enjoyed helping my clients with construction, commercial and residential loans.  With my experience, I commit to making the real estate lending process as smooth and enjoyable a process as it possibly can be.  Big Valley Mortgage brings together all the tools I need to make that possible.  I am excited to be working with such a fine group of people.  I look forward to helping all my clients in Northern California.

NMLS # 198125/1850

479 Mason St. Suite 109
Vacaville, CA 95688-4505

Email: jim@thelendingpros.com

Thursday, November 22, 2012

Happy Thanksgiving!


 
Happy Thanksgiving!
From All Of Us At
Big Valley Mortgage in Vacaville

Tuesday, November 20, 2012

Staff Profiles: Karen Seghetti



 
Karen Seghetti

CA DRE # 00886964/01215943
NMLS # 241412/1850

479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone:  707-455-7070  ext. 309
Fax: 707-455-8337

Email: karen@thelendingpros.com

Saturday, November 17, 2012

Staff Profiles: Chris Norris














  
Chris Norris

CA DRE LIC # 01130448/01215943
NMLS # 220663/1850
 
As Part the Solano Lender team, I’m a California Licensed Broker who obtained a Bachelor of Science degree in Business Administration with a focus in Real Estate and Land Use Affairs in 1991. My work experience in this industry dates back to 1968 when my family entered the exciting world of real estate. I have had the pleasure of helping people achieve their dreams and goals as a lender since 1993.

Whether It’s taking my past management experience to tackle obstacles that get in the way of the loan process or just the ability to explain a document in a way that a child could understand, my life’s work is to help my relationships achieve their vision for themselves.

Thanks you for letting me help.

479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone:  707-455-7070  ext. 308
Fax: 707-455-7568
Cell:  707-365-8700 

Wednesday, November 14, 2012

Our Robot Future



Rod Brooks, founder and CTO of Rethink Robotics, talks about his newly released Baxter robot and the platform that enables developers to use robots in new ways.

It will be a long time before the robots will be handling your home or business mortgage needs, but it is interesting to see how technology continues to expand in its service of all of us. -- Big Valley Mortgage

Sunday, November 11, 2012

History of the Holidays: History of Veterans Day



A look at the history of the holiday honoring those who fought for America, both living and dead.

Friday, November 9, 2012

FREE CPR Class For Ages 10-18 On November 17th & 18th

Presented By:
United Heart Training Center



FREE CPR Class
November 17 & 18, 2012



For: Ages 10-18 years old
Time: 8:00 am to 6:00 pm



One Harbor Center
Suites 200-240
Suisun City, CA 94585
707-759-5968

Wednesday, November 7, 2012

Staff Profiles: Kristine Farnsworth, Big Valley Mortgage

 
Kristine Farnsworth

CA DRE LIC # 01257425/01215943
NMLS # 231913/1850

479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone: 707-455-7070  ext. 320
Fax: 707-455-1439

Email: kristine@thelendingpros.com

Sunday, November 4, 2012

Staff Profiles: Chuck Norris, Big Valley Mortgage

 
Chuck Norris
Part of the Solano Lender Team, I am a California DRE licensed broker with experience operating my own mortgage company branch prior to joining Big Valley Mortgage.

Along with my brother Chris, I grew up in the property management business dating back to 1968 when our family purchased a 16 unit apartment complex which along with other investment property is still family owned and operated today.

My wife Vicki and I currently reside in Fairfield where we are active in our church and have been blessed to have had the joy and privilege to assist family and friends in achieving their dreams and goals in today’s changing real estate market.  

CA DRE Lic# 01319252
NMLS # 218649
479 Mason St. Suite 109
Vacaville, CA 95688-4505

Phone: 707-455-7070  ext. 308
Fax: 707-455-8337

Email: chuck@solanolender.com

Thursday, November 1, 2012

A Little Fun In The Valley

The Big Valley Mortgage team took a trip on the Napa Valley Wine Train as a company outing. We had a great time and want to share a few photos from the day.
The Napa Valley Wine Train provides a relaxing three-hour, thirty-six mile round-trip journey from the historic town of Napa, through one of the world's most well known wine valleys to the quaint village of St. Helena, and back.
Guests aboard the Wine Train enjoy a freshly prepared lunch or dinner inside a fully restored 1915-1917 Pullman Dining Car or 1952 Vista Dome car as they pass the vineyards and wineries of Napa Valley. They also have the option of pre-purchasing a winery tour.
For more information or to book your trip on the Napa Valley Wine Train visit their website.
 




 

Monday, October 29, 2012

Warrior Weekender Report - Oct 26th 2012

Warrior Weekender
October 26, 2012

Presented to you by:

Michael O'Rourke of Big Valley Mortgage


Despite the fact that the Federal Housing Finance Agency released their report accidentally on Tuesday evening instead of Wednesday morning, the important aspect is that the report continues to show an improving housing market. According to the FHFA home prices rose .7% in August following a .1% rise in July. Experts were anticipating an increase of .4% so the fact that the August report was better than expected bodes well for the belief that housing is on the rebound. The August increase is 4.7% better than the same time last year.

The new home market is a greater source of strength for the economy in that new home sales jumped 5.7% in September. This is the largest increase since the stimulus efforts of 2010. Although prices for new homes slid back just by 3.2%, we are still seeing that median home prices are 11.7% higher from a year ago. Despite all of the recent strong news in housing, the stock market has not been reacting to it on account of investors being focused primarily on employment and corporate profits reports.

The pending home sales report continues to lag behind the sales growth for new homes. September’s increase of only .3% was a little disappointing to most that were expecting an increase of 2.5%. The National Association of Realtors remained upbeat in that the report was in positive territory and that the belief that continued low interest rates will spur home purchases significantly in 2013.

Speaking of corporate profits, overall the numbers released this week have been worse than many analysts and investors anticipated. Talk of an economic slowdown is really taking hold as more and more data is showing that consumers are retreating in their spending habits once again. Initially I thought that a big portion of this could be due to the impending election, however the slowdown is on a global scale and not just in the United States.

First time jobless claims have been swinging wildly over the last few months and this week’s report is no exception. After jumping up to 392,000 the prior week, the report this week shows a drop down to a slightly better level of 369,000 which was in line with expectations. What is more concerning is that the prior week’s report initially came in at 388,000 and then was adjusted up to 392,000. Had the initial report come in at the higher level, you would have seen much more reporting about it because that is coming dangerously close to the psychological 400,000 mark.

To no one’s surprise the Fed left interest rates unchanged after this week’s monetary policy meeting. In addition, the Fed reiterated their commitment to keep interest rates exceptionally low as well as continue their massive bond buying and mortgage backed securities purchase programs to keep interest rates down.


Next week’s economic reports are:


  • Wednesday October 31 - MBA Applications and ADP Employment Report
  • Thursday November 1st - First Time Jobless Claims and ISM Manufacturing Index
  • Friday November 2nd – National Unemployment

As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate information. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at 707-455-7070.


Wednesday, October 24, 2012

Housing Starts Jump Up 15%



Oct. 17 (Bloomberg) -- Deirdre Bolton reports today's top headlines. She speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Sunday, October 21, 2012

Big Valley Mortgage Testimonial

“I contacted Big Valley Mortgage regarding the purchase of a home. Michael O'Rourke sat down with me and walked me through the whole process from everything that I need in order to start the process to the final closing. Michael even directed me to one super-lady of a realtor.

Every single step of the process was amazing, Big Valley originally not only got me a low interest rate (locked for 30 years), the week of final review...I got an even lower interest rate-well below the current 'great rates'. The staff behind the scenes were also so easy to work with (Joanne and Marilyn you guys rock).

Buying a house is a very STRESSFUL experience, however Michael and his team at Big Valley Mortgage made it a breeze. If you are looking or even considering buying a house and want a great/honest and friendly mortgage company, then look no further than Big Valley Mortgage.”

-Perry H. Vacaville, CA

Thursday, October 18, 2012

A Complete Review Of The Major Credit Reporting Agencies And Credit Reports by Linda Meadley

Today we have grown into a nation looking for instant gratification, the buy now pay later syndrome. So, without a good credit rating it will be very difficult to get the things you want at the time you want them. Consumer credit has become widely accepted as a substitute for ready cash, so having good credit is the key to your future of getting all you deserve, and the key to opening doors that make your life more comfortable and worry free.

As a consumer it is to your benefit to fully understand how credit works and every aspect of what is involved when you apply for any type of credit, including the major credit reporting agencies that hold your credit report file. When you understand what the banks and other creditors are looking for, and you know what is in your credit report, you will be able to control your financial future and make the best choices for yourself and not accept anything less than what you deserve.

When you apply for credit, lenders want to know about you, your employment history, your income, your assets, and most importantly they want to know about your credit history. A lender will get lots of information directly from you through a credit application, then, they will pull your credit bureau reports to confirm this information and review your credit references and credit report scores. Then upon evaluation of your credit application combined with your credit report, the lender will determine your credit risk and make a final decision on whether or not to grant you credit and at what rate of interest they will charge you.

So, now that you know the process of getting credit, let us take a deeper look into the factors that can either be an asset or liability to you when applying for credit - your credit report.

What is a credit report
Your credit report is your financial resume, a summary of your financial reliability, containing both personal and credit information. Your credit report is maintained by credit reporting agencies, also known as credit bureaus, and provided to lenders, employers, insurance companies, landlords and other companies who have a legitimate need for this information, based on the federal Fair Credit Reporting Act (FCRA). Your credit and personal information is reported to the credit reporting agencies from various creditors, in most cases electronically, instantly updating your file.

What is in my credit report
Your credit report is divided up into five main areas: personal profile/identifying information, inquiries, credit history, public record information and your credit score.

PERSONAL PROFILE / IDENTIFYING INFORMATION - this is where all your personal information is recorded - your name including any alias and possibly your spouses name, current and previous addresses, Social Security number, date of birth and current and previous employment. You might find some of this information is incorrect or incorrectly spelled, this can occur when creditors pull your credit bureau as they usually enter in the information though the computer where data entry errors can occur, and these mistakes will update your credit bureau report. However, if there is information that is not even close, such as an address, this should alert you to investigate this further as it is a possibility that you may be a victim of identity theft.

INQUIRIES - in this section you will find listed all the parties that have requested a copy of your credit report and the date it was done over the past two years. There are two types of inquires, soft and hard. A hard inquire is when you have applied for something and is initiated by you, for example, you have applied for a loan or mortgage or completed a credit application for a credit card or even applied for insurance. These hard inquiries are the ones that appear on your credit report and are visible to creditors when they access your credit report. A soft inquiry only shows on your credit report when requested by yourself and do not show to the creditors. A soft inquiry can come from your existing creditors that are monitoring your account, companies that are looking to offer you promotional applications for credit and each time you request a copy of your credit report.

CREDIT HISTORY - in this section you will find an itemized list of your credit cards, loans and mortgages, both currently active accounts and past closed ones. The information reported includes, type of account, when it was open, the high balance or limit, monthly payments, date of last payment, how the account is paid including any late payments, date of last activity and a rating of how the account was paid.

PUBLIC RECORDS - this information is obtained from local, state and federal courthouses and includes bankruptcy records, foreclosures, tax liens, monetary judgments, court-ordered payments, and over due child support payments. Public records are a negative credit reference and will lower your credit score. They also stay on your credit report anywhere from six to ten years.

CREDIT SCORE - your credit report scores are a rating determining you credit risk and the likelihood of defaulting on a loan. Lenders will use this score as a tool to assist them in deciding whether or not they will lend you money. Your credit score is a snap shot of your credit at that point in time, and can change on a daily basis. The score is a three digit number ranging between 300 and 850. Statistics show that the higher the number the less likely you will default on a loan, therefore you are a good credit risk; and the lower the number the greater chance there is for you to default on your payments, making you a greater credit risk.

When your credit score is low, you still may be able to borrow money but, you will most likely have to pay a higher rate of interest and you may not get all the money you request and possibly have to pay additional fees, basically you are at the mercy of the lender. However, the higher your credit score is the more you are in-charge, you can get any loan at the best possible rates with no restriction.
Your credit score is a complicated calculation, where the credit reporting agency takes into consideration many factors, including but not limited to, your payment history - late payments, both current and previous will bring down your score; your credit balance in relation to you limit - if you are at your maximum credit limit or if you are over it will bring down you score; the number of inquires - if you have to many in a short period of time it will bring down your score; the length of time you have had credit, the total number of outstanding debts and any derogatory information or public records, such as bankruptcies, collection, judgments and written off accounts - will bring down your score.

Where does the information on my credit report come from?
Your credit history information is gathered at companies called credit bureaus or credit reporting agencies. There are three major credit reporting agencies, Equifax, Experian and Trans Union. They receive information voluntarily from creditors and the credit reporting agency updates and maintains your credit report file with this information. Creditors report, loans, credit cards, mortgages, on a regular basis electronically. Your file is also updated when you apply for credit, as the information from your credit application is submitted to the credit reporting agencies when they pull your credit report.

Who are the major credit reporting agencies
There are three major credit reporting agencies. Equifax, Experian and Trans Union. These are independent companies from one another, and it is important for you to know that they do not exchange information. This means that it is quite possible that you not only have a separate credit report with each of them, but that they may contain different information. There are hundreds of smaller credit bureau companies across the country however these major credit companies are the largest and the main bureaus that the banks and financial institutions use. You will find that creditors may use one of the three credit reporting companies, however it is not unusual for them to use all three.

Who has access to my credit report
The Fair Credit Reporting Act (FCRA) contains rules regarding who can access your credit report. Generally speaking, a credit reporting agency may only provide information from your credit file when the requested relates to the extension of credit, collection of a debt, a tenancy applications, an application for employment or insurance, the issuance of special licenses or potential financial dealings that involve you. The law also gives these companies access to your report as part of an ongoing business relationship. An example of this would be you have a loan at a bank and you miss your payment, this gives that bank a right to obtain an updated copy of your credit reports. Credit card companies use this option a lot. They consider it part of the maintenance of your account.

As credit cards are revolving (not a closed end loan), a customers circumstances can change, so credit card companies will obtain updated credit reports on their customers to review them and look for warning signs of a customer getting over extended in credit which could result in problems fulfilling their obligations. This is how credit card companies can either raise or lower your credit limit or interest rate automatically. However, in the case of an employer, this law does not apply and they need the employee's permission each time they wish to request a copy of your credit report.
You are also entitled to copies of your credit reports, and today with the internet there are many fast and easy ways to obtain credit reports online.

 You can purchase a copy from each of the major credit reporting agencies, Equifax, Experian or Tran Union, the cost may vary however, under the latest Federal Trade Commission (FTC) rules they are restricted to the maximum amount they can charge you. Check with your state laws, as some states require the credit bureau companies to provide you with a copy of your credit report periodically for free. The FCRA gives you the opportunity to receive a copy of your credit reports if you have been denied for credit or other benefits based on your credit report, you are entitled to receive a free credit report from the credit bureau that provided the report. The FCRA also allows you obtain totally free credit reports. If you suspect that you are a victim of identity theft or fraud, if you are unemployed or if you receive welfare assistance.
 
Linda Meadley is very knowledgeable in the field of credit. Throughout her 20 year career she has worked as a mortgage and loans office, credit manager and financial advisor, assisting consumers in their financial endeavors. To further assist consumers she has a web site dedicated to credit reports. Learn everything you ever wanted to know about credit reports, and where you can obtain totally free online credit reports [http://www.ultimate-credit-report.com].

Article Source: http://EzineArticles.com/104396

Friday, October 12, 2012

Sorting Through The Pieces


I am sure if you stand outside the fence by the White House, you will see President Obama doing the happy dance in the Rose Garden.  The President is most likely celebrating Friday’s national unemployment report showing that unemployment unexpectedly declined to 7.8% from 8.1%.  Most experts were expecting the rate to increase by .1%.  This report comes two days after the President, according to 77%of the population that watched the debate, said he got his butt kicked by presidential challenger Mitt Romney.  The unemployment report is certainly welcome news for the President and his campaigning efforts.
 
The reality of the decline in the unemployment rate has more to do with people stopping their search for work than it does with new jobs created.  The numbers however do show a very slowly improving labor market with September’s report of an increase of 114,000 jobs.  Along with Friday’s employment report, the labor market announced that there was an upward revision to the employment numbers for July and August by 86,000.
 
There is a risk, however, of the unemployment rate jumping back over 8% in the next report if more job seekers resume their employment search.  The announcement of today’s decline undoubtedly will inspire some people that have given up to once again look for employment.  If many people jump back into the searching for work without a significant increase in actual hiring’s, then the odds on the employment rate jumping in November’s report are quite high.  An announcement of an increase only five days before the election could have a dramatic impact on how voters cast their vote.
 
In other news the pace of manufacturing is showing modest signs of improvement.  After 3 months of declining production, September showed a better than expected increase providing optimism for future growth.
 
Construction spending, although down as a whole, showed improvement in the residential sector.  Private residential spending rebounded a notable 0.9 percent, following a 0.1 percent slip in July.  Overall construction spending is up 6.5 percent.

In the release of the FOMC’s minutes from their last meeting, it is quite evident that although there was enough agreement amongst the members to launch QE3, it remains very clear that there are many areas the board is not of the same mind set.
 
The Fed has stated that they will keep interest rates low until 2015.  Some members have raised concern that this statement sends the wrong message about the economy.  Some members believe that saying rates will remain low for another 2 or more years indicates that the Fed is pessimistic about the economy and the recovery and this may delay hiring by employers and spending by consumers.
 
As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate information.  I welcome the opportunity to serve you in any way I possibly can. Call us at 707-455-7070.

Tuesday, October 9, 2012

We're A Full Service Mortgage Provider

Let us help you through the home loan process. With the right information and guidance, getting a home loan can be a fast and easy process.

We’re a full service provider – from conventional loans to refinances, we are here to help you through the loan process:

Conventional
FHA
Jumbo
First Time Homebuyers
USDA
CalSTRS
Section 184
CalHFA
VA/CalVet
Manufactured Housing

Saturday, October 6, 2012

Introduction to Reverse Mortgage by Alex G Cretu

In the life cycle of an individual it is a natural occurrence to modify priorities depending to their age. Regarding financial needs, for example, children have simple financial worries. Adolescents, on the other hand, have bigger however achievable necessities. Young employees have challenging and usually unnecessary money concerns. Yuppies, as they are referred to in urban slang, have a increased disposition purchasing due to the first excitement of real-world adulthood.

Middle aged individuals have even more challenging still defined economic necessities. The senior bracket or folks approaching retirement have defined monetary needs. Considering that lots of people in their retirement age have a specific idea of their desires, they are the individuals which are usually targeted by bank and financial institutions to get loans or reverse mortgages.

Everyone at the point of pension age would possibly be more interested concerning funds and price savings above everything else. And that is perfectly understandable because exiting the labor force completely would imply ceasing to obtain a paycheck on a regular schedule. Many people, when evaluating and calculating their bank assets and savings would feel that their money may not be sufficient to last them through their retirement period. That is precisely why mortgages and loans benefit from this demographic.

A type of mortgage that is designed exclusively for the senior bracket is a reverse mortgage. It is only available for people 62 years and older. The reverse mortgage is a loan which is placed on the home equity. It is identified as 'reverse' because it is not like normal mortgages when the property owner receives a lump sum and repays the loan provider for the debt. In this kind of mortgage, the financial institution releases money to the property owner for the life of the mortgage and the loan amount boost is directly proportional to the amount released.

The contract gets outdated when the property owner dies, sells the house or moves out. In this case, it may be safe to say that, in effect, the mortgage expires when the property is sold. Should the homeowner die or choose to move out, the allotment from the lender stops when the aim to sell the house is expressed, otherwise, the release of funds to the client will be continuous. In case of death, the beneficiaries will inherit the mortgage and the property, and they can choose to continue the allotment or negotiate the debt, that is if they plan to move out.

Once the property is purchased, part of the proceeds will be used to repay the home equity mortgage. If there is an excess, the homeowner can keep it, if the proceeds are not sufficient to negotiate the amount, the bank or the insurance provider of the bank with the loan will absorb the mortgage.
Before getting a reverse mortgage, one must analyze carefully and consider its advantages and possible complications. This mortgage binds the home to the lender with no chance of getting back the property because as mentioned previously, selling the house is the only factor that would define the conclusion of the mortgage.


Article Source: http://EzineArticles.com/7292568

Wednesday, October 3, 2012

It's Time For The Vacaville Kid Fest. Sat, Oct 6th, Andrews Park, Vacaville. FUN!


Vacaville Kid Fest was started in 1999, when an idea was born to create a "Children's Festival", a place where families could come and have a day of activities with their children at very little or no cost, and also have the opportunity to learn about many of the services and resources that were available to children and families. We adopted the theme "For the Child in all of us".

A group of City of Vacaville representatives, ranging from business owners and managers, nonprofit groups and media people were approached with the idea and met it with enthusiasm. And thus, Kid Fest was born.

The first Kid Fest Core Committee consisted of Shauna Manina, Meaghan O'Neill from Vacaville Police Dept., Linnea Dischinger from Vacaville Fire Dept., Todd Grames and Suzanne Green from Community Services Dept., and Reggie Hubbard from Housing & Redevelopment Dept. Other business people from The Reporter, Downtown Vacaville Business Improvement District, and others all committed to the vision of a day of low cost or no cost activities, free resources, and fun.

Our first event in 1999 had 1 stage and 40 booths, with everything from food, crafters and merchandise vendors, a wide range of social service and community nonprofit groups, free children's games and entertainment, bounce houses, and a very strong focus on child safety and health. From the beginning, a large component of the event has been the presence of Vacaville Fire and Police Depts., with their equipment displays, children's fire muster, and safety information.

By 2001, there were 2 stages of entertainment and over 120 booths participating in the event. The committee members have changed over the years, but the event has continued, and become part of the fabric of what makes Vacaville a family oriented community. The focus remains on child and family safety and health.

See more about this wonderful organization at www.VacavilleKidFest.org

See you there!

Sunday, September 30, 2012

Vacaville, Fairfield and Surrounding Area Rural Scene



We found this video on YouTube and loved the views and the music. One of the great things about Vacaville, Fairfield and surrounding areas is how close the country is to downtown. You can drive about 5 minutes (depending on city traffic) in any direction and be in the countryside. Here is some views of a previously listed property in the Pleasants Valley area in between Vacaville and Fairfield.

We can arrange financing through any real estate company you might deal with and there are plenty of properties available to suit your needs and your budget. Below is the information from YouTube on this video:

For more information, contact: Janice Colby, 925-855-6444, Keller Williams Realty ----- Panoramic views of Pleasants Valley, well and public water hookups. Multiple sites for home, barn or other buildings. ----- DRE # 01270034

Thursday, September 27, 2012

Together we achieve the extraordinary

Get the best mortgage loan for you
When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.

Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there.

Refinancing your current mortgage has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let our professionals guide you to the very best refinanced loan!

Tapping into your home equity is easier than ever before. You've been paying down your balance, and property values have gone up! Tap into that wealth and reward yourself. We'll help with the best program to fit your goals.

Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anyone else!

Monday, September 24, 2012

What is a credit score and how is it measured?



Before deciding on what terms lenders will offer you on a loan (which they base on the "risk" to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, they look at your income-to-debt obligation ratio. For your willingness to pay back the loan, they consult your credit score.

The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they're named after their inventor!). Your FICO score is between 350 (high risk) and 850 (low risk).

Credit scores only consider the information contained in your credit profile. They do not consider your income, savings, down payment amount, or demographic factors like gender, race, nationality or marital status. In fact, the fact they don't consider demographic factors is why they were invented in the first place. "Profiling" was as dirty a word when FICO scores were invented as it is now. Credit scoring was developed as a way to consider only what was relevant to somebody's willingness to repay a loan.

Past delinquencies, derogatory payment behavior, current debt level, length of credit history, types of credit and number of inquiries are all considered in credit scores. Your score considers both positive and negative information in your credit report. Late payments will lower your score, but establishing or reestablishing a good track record of making payments on time will raise your score.

Different portions of your credit history are given different weights. Thirty-five percent of your FICO score is based on your specific payment history. Thirty percent is your current level of indebtedness. Fifteen percent each is the time your open credit has been in use (ten year old accounts are good, six month old ones aren't as good) and types of credit available to you (installment loans such as student loans, car loans, etc. versus revolving and debit accounts like credit cards). Finally, five percent is pursuit of new credit -- credit scores requested.

Your credit report must contain at least one account which has been open for six months or more, and at least one account that has been updated in the past six months for you to get a credit score. This ensures that there is enough information in your report to generate an accurate score. If you do not meet the minimum criteria for getting a score, you may need to establish a credit history prior to applying for a mortgage.

Friday, September 21, 2012

What is a "rate lock period?" How can you make sure your rate is low?

A rate lock or a rate commitment is a lender's promise to hold a certain interest rate and a certain number of points for you for a specified period of time while your application is processed. This prevents you from going through your whole application process and at the end of it finding out the interest rate has gone up.

A rate lock period can vary in length, and longer ones usually cost more. A lender will agree to "hold" your interest rate and points for a longer period, say 60 days, but in exchange the rate and maybe points are higher than with a shorter rate lock period, for example.

There are many ways besides opting for a shorter rate lock period to get a lower rate, though. A larger down payment will result in a lower interest rate than a smaller one, because you're starting out with more equity. You can pay points to lower your rate over the life of the loan, but that means you pay more up front. For many people, this makes sense and is a good deal.

Closing costs are fees paid by the lender, which the lender in turn charges you to close the loan. Many people pay closing costs when they sign on the dotted line, but a person can also finance their closing costs. Paying closing costs when the loan closes will reduce your interest rate.

Finally, the interest rate a lender is willing to offer you depends on your credit score and your debt-to-income ratio. If you have good credit and your income far exceeds your debt obligations, you will qualify for a lower rate.

Tuesday, September 18, 2012

How Escrow Works

Closing the Sale

Escrow

To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder insures that all terms and conditions of the seller's and buyer's agreement are met prior to the sale being finalized, including receiving funds and documents, completing required forms, and obtaining the release documents for any loans or liens that have been paid off with the transaction, assuring you clear title to your property before the purchase price is fully paid.

The documentation the escrow holder may be collecting includes:

  • Loan documents
  • Tax statements
  • Fire and other insurance policies
  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds
Upon completion of all instructions of the escrow, closing can take place. All outstanding payments and fees are collected and paid at this time (covering expenses such as title insurance, inspections, real estate commissions). Title to the property is then transferred to the seller and appropriate title insurance is issued as outlined in the escrow instructions.
 
At the close of escrow, payment of funds shall be made in an acceptable form to the escrow. As your real estate agent, I'll inform you of the acceptable form.
 
The Escrow Holder Will:
The Escrow Holder Won't:
  • Prepare escrow instructions
  • Request title search
  • Comply with lender's requirements as specified in the escrow agreement
  • Receive funds from the buyer
  • Prorate insurance, tax, interest and other payments according to instructions
  • Record deeds and other documents as instructed
  • Request title insurance policy
  • Close escrow when all instructions of seller and buyer have been met
  • Disburse funds and finalize instructions
  • Give advice - the escrow holder must maintain neutral, third-party status
  • Offer opinions about tax implications
 
Mortgage Escrow Account
 
A Mortgage Escrow Account is established to pay on-going expenses while there is a loan on the house. These expenses include property taxes, home insurance, mortgage insurance, and other escrow items. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

Wednesday, September 12, 2012

Vacaville Sunrise Rotary Fishing Derby



18th annual Vacaville Sunrise Rotary Club Alvin Boifacio Fishing Derby 2011
 

Date

Saturday September 29, 2012

Time

8:30 a.m. (first come first serve)

Location

Lake Solano Park

Details

19th annual Alvin Bonifacio Memorial Fishing Derby at Solano lake park.

This event is free to the first 500 children under the age of 15. Each child recieves fishing pole and reel, tackel and a BBQ luncch.

We are still seeking sporsors for this event. If you or your business would like to help please contact Randy Nelson for sponsorship details.
  • First 500 Kids Receive Free Fishing Gear, Bait, Lunch, Awards and Raffle Prizes
  • No Entry Fee or Registration needed.
  • No Fishing License required.
  • Derby open to youngsters 14 and under
  • Specially stocked Alvin Bonifacio fishing pond at Lake Solano Park

Sunday, September 9, 2012

When Should I Get Qualified For A Mortgage Loan?

Should you talk to a mortgage professional before house hunting?

Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, and don't know how much you want to borrow?

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and how much we can loan you. We do this by considering your income and debts, your employment and residence situations, your available funds for down payment and required reserves, and some other things. It's short and to the point, and we keep the paperwork to a minimum!

Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the best loan to meet your needs and that we're confident you'll qualify for a loan for a certain amount.

When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through.


More importantly, to a home seller, your being pre-qualified is like you walked into their house with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time because you'll never qualify for a mortgage to finance the amount you're offering for the home. You have the clout of a buyer ready to make the deal right now!

You can always use the calculators available on our site to get an idea of how much mortgage you can afford -- but it's important to meet with us. For one thing, you'll need a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage program that fits your needs better.

Thursday, September 6, 2012

Buying a New Home


  Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there. Call us to discuss your needs at 707-455-7070. We will make it easy, and answer all of your questions.

Monday, September 3, 2012

The 2012-2013 Platinum Season at the Vacaville Performing Arts Theatre



Here's a look at some of the stars that will grace the stage at the Vacaville Performing Arts Theatre during the 2012-2013 Platinum Season as VPAT celebrates 20 years of bringing entertainment to the community.

Friday, August 31, 2012

How can you improve your credit score?


It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can't "on the spot." But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.

Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.

Note: Theoretically, if a series of credit reports is requested on your behalf during a limited amount of time, your score goes down until time passes without any inquiries. Changes in the law though have made "consumer-originating" credit report requests not count so much. Also, a series of requests in relation to getting a mortgage or car loan is not treated the same as a number of credit card requests in a limited time. This is because the credit bureaus, and lenders, realize that people request their own credit reports to keep up with what's on them, and smart consumers shop around for the best mortgage and car loans.

Unsolicited credit card solicitations in the mail don't count against your credit report, so don't worry.

The two main components of your credit score are your payment history and the amounts you owe. Bankruptcy filings and foreclosures, which can stay on your credit report for as long as 10 years, can significantly lower your score. It's never a good idea to take on more credit than you can handle.

Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment.

Don't "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.

It's said that by carefully managing your credit, it's possible to add as much as 50 points per year to your score.

Tuesday, August 28, 2012

About Reverse Mortgages

rightReverse Mortgages
Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender.


Most reverse mortgages require you be
at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.


Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value.




"Licensed by the Department of Corporations under the California Residential Mortgage Lending Act"

CA DRE 01215943

NMLS 1850



Saturday, August 25, 2012

How Escrow Works

Escrow

To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder insures that all terms and conditions of the seller's and buyer's agreement are met prior to the sale being finalized, including receiving funds and documents, completing required forms, and obtaining the release documents for any loans or liens that have been paid off with the transaction, assuring you clear title to your property before the purchase price is fully paid.

The documentation the escrow holder may be collecting includes:
  • Loan documents
  • Tax statements
  • Fire and other insurance policies
  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds

Upon completion of all instructions of the escrow, closing can take place. All outstanding payments and fees are collected and paid at this time (covering expenses such as title insurance, inspections, real estate commissions). Title to the property is then transferred to the seller and appropriate title insurance is issued as outlined in the escrow instructions.

At the close of escrow, payment of funds shall be made in an acceptable form to the escrow. As your real estate agent, I'll inform you of the acceptable form.

The Escrow Holder Will:
The Escrow Holder Won't:
  • Prepare escrow instructions
  • Request title search
  • Comply with lender's requirements as specified in the escrow agreement
  • Receive funds from the buyer
  • Prorate insurance, tax, interest and other payments according to instructions
  • Record deeds and other documents as instructed
  • Request title insurance policy
  • Close escrow when all instructions of seller and buyer have been met
  • Disburse funds and finalize instructions
  • Give advice - the escrow holder must maintain neutral, third-party status
  • Offer opinions about tax implications

Mortgage Escrow Account

A Mortgage Escrow Account is established to pay on-going expenses while there is a loan on the house. These expenses include property taxes, home insurance, mortgage insurance, and other escrow items. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

Wednesday, August 22, 2012

An Overview of the Loan Process

An overview of the loan process

Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do is most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, saving money, or making plans for your home equity line of credit.

There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.

Step One: Determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? The first part you can get a rough idea of by using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step Two: Pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score. When we review all this information we give you a Pre-Qualification Letter. Handle it with care -- to a home seller, it's like a suitcase full of cash! Your realty agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.

Step Three: Now the fun begins!

Once you've made an offer and it's been accepted, it's time to complete the loan process. In today's regulatory environment, we will need your help, along with our professional staff, in order to achieve our goal of making this necessary step as painless as possible. When the time is right, we will also order an appraisal of your new home.

Step Four: Your loan is funded

Your realty agent and the seller's will work together to designate an escrow/title company to handle the closing of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.

You've answered a few questions, given us some detailed information, applied online, and next thing you know, you're moving in! We're in the business of mortgage loans -- so we do most of the work. Doesn't that make sense?

Tuesday, August 21, 2012

Welcome To Our New Blog

Welcome to the new Big Valley Mortgage blog. We will be sharing much more about the smoothest, easiest, most affordable and most effective mortgages are made.

Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anyone else!