Groundhog Day 2018-Will Phil See His Shadow?

Groundhog Day is celebrated on Feb. 2 — when people all over the country focus on a small furry animal and whether it will predict an early spring or another six weeks of cold winter weather.
If PUNXSUTAWNEY Phil comes out of its burrow at sunrise and sees its shadow, winter will be around for 6 weeks longer. However, if the groundhog doesn’t see its shadow, spring weather is on its way!
If meteorologists are right, spring is on its way and may be covered in a dusting of snow this year. Since Pennsylvania’s first official celebration of Groundhog Day in Punxsutawney on 1886, the little guy has only seen his shadow 18 times.
Groundhog Day celebrations span centuries, with the earliest mentions of the unique holiday in the United States in the 1700s when German settlers arrived in Pennsylvania and brought the tradition of Candlemas Day. Those who celebrated Candlemas, an early Christian holiday where candles were blessed and distributed, decided that clear skies on the holiday meant a longer winter.
Initially, Germans used a hedgehog to predict when winter would end, but the animal was quickly replaced by the groundhog in Pennsylvania due to its bustling population and likeness to the European hedgehog.

ADU’s – May Be the Solution for You

ADU’s – May Be the Solution for You

 

I’m always looking for ways to improve the lives of my friends & clients.  So, with that in mind, I want to share with you my recent

experience at a seminar presented by Gayler Design Build for ADU’s. What is an ADU?   An ADU or accessory dwelling unit is

a really simple and old Idea.  You may have heard them called in-law units or pool houses.  People are building ADU’s for many

reasons. With California’s growing housing prices and limited inventory, Bay Area homeowners are building ADU’s in their

backyard to rent out for extra income or to family members, such as their adult children or their aging parents. For

young couples who cannot afford buy in the bay area and don’t want to move out of state, this is a great option!  Another popular

trend we are seeing is empty nesters renting out their large houses and moving into ADU’s. This may be an old concept, but

these units by Gayler are contemporary, spacious, and gorgeous! Each ADU is designed and built to compliment the main house

and backyard. If you are outgrowing your current home and need more space, or if you have more space than you currently need,

an ADU may be a great option for you! Visit Gayler Design Build at gaylerdesignbuild.com so you can see yourself

If you are interested in learning more or you have questions regarding financing for these little gems please give a call.

 

Great Loan Program for Veteran Borrowers

VA loans are home mortgages backed by the Department of Veterans Affairs (VA). With a VA loan, eligible service members and veterans can buy a home with little or no down payment, or refinance an existing home to get cash out or a lower monthly payment.

As an approved lender for the VA Home Loan Guarantee Program, I can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products. In many cases, I can get vets 100% financing with no mortgage insurance. I recently helped a client a acquire a loan of over $1,000,000.00 with just 10% equity in his home. He will now be able to do some needed home improvements, and take his family on a dream vacation. He is one happy vet!

The Importance of Homeowners Insurance

I would like to discuss homeowners insurance and how it can impact future buyers. Usually insurance is last on the list to be finalized.  Well….It’s not quite as easy to obtain as it used to be.  With California having its annual fire season, accompanied with copious amounts of rains from last winter I am seeing premiums skyrocket.  In some cases, some insurance carriers won’t even write the polices.  If you are a borrower with a high debt to income ratio, adding a higher premium could be detrimental.
Also, worth mentioning is FEMA is in the process of updating their flood maps. This is important because with the record rains, individuals that weren’t previously in a flood zone could find themselves paying more. The lesson is clear. Please take a careful look at your homeowners insurance before buying or selling a house. Make sure you have adequate coverage from a reputable broker.  Call or email me for recommendations.

Remote E-Closing

The future is here with Remote E-Closing.  The days of being bombarded with reams of paper at the closing table are over. Previous e-closings required either some in-person contact or a notary to e-sign closing documents via a shared tablet.

Borrowers will FaceTime with a notary in order to complete the closing live. The process allows for all documents to be signed, including the promissory note and mortgage.  Buyers will never have to leave their home or wet sign a single document for purchase or refinance loans.

This gives borrowers the ability to close a loan whenever they want, whether it’s at 11 a.m. or 9 p.m., this will have an incredible impact on the entire experience,”

The e-closing technology is currently available to brokers in four states: Illinois, Montana, Virginia and Washington.  The expansion will continue into more states throughout this year.  Fannie Mae, Freddie Mac and the CFPB are all supporting these changes.  So this is big news.

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