I have sold a property at 15 Wildflower Place in Ladera Ranch.
This condo feels like a detached home and has a very livable floor plan . The kitchen has lots of counter space and cupboard space and has a wide sit down bar. a nice dining area looking out on the living Room with a cozy fireplace. The stairwell has beautiful windows allowing nice light to stream in. 3 bedrooms and 2 1/2 baths All of the bedrooms are good sized and the master bathroom has a roman tub and a separate shower and a walk in closet. The 2 car garage is oversized and there is storage in the garage. Ladera Ranch is known for it's many community activities. Pools, tennis, water park and lots of parks and greenbelt areas.
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I have sold a property at 26942 Pueblonuevo Drive in Mission Viejo.
This upgraded 4 bedroom/2.5 bathroom home is situated on a 10512 square foot lot. Home features soaring vaulted ceilings, extensive pergo flooring, plantation shutters and upgraded garage with custom flooring and extensive cabinetry. The home also feature a custom 4 zone a/c system which allows you to customize your cooling/heating options. 2 car garage and fridge included.
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I have listed a new property at 5121 Marlen Way in La Mesa.
Wonderfully updated single level POOL home now available in La Mesa. This home is a true entertainer's delight. The open floorplan family room and dining room gives a line of sight view from the front door to the backyard. Updated wood floors, windows and paint throughout. The home boasts 3 generous bedrooms and 1 1/2 updated bathrooms. The main full bathroom has a luxurious soaking tub ready to take any of your worries away. All bedrooms, family room and dining room have modern ceiling fans. The kitchen has been tastefully updated with newer cabinets, granite counter tops and stainless steel appliances. From the kitchen you will access an expansive deck ready to enjoy your morning coffee or afternoon tea or wine. The deck overlooks this entertainers delight with a terraced backyard that you don't want to miss! The top level has had brand new turf installed for low maintenance and wonderful for kids play, dogs play or sunbathing. The 2nd level is hardscaped and perfect for large parties or holiday parties, it also gives access to the pool house, which adds to the fun. The 3rd level is where you will find another turf yard area, gorgeous Palm Trees and an inviting pool. The pool was completely redone in 2015 with new pebble tech, new piping, auto water fill system and a Baja step, great for sunbathing and relaxing in the sun! Fully paid solar included, you can run your a/c and pool system as much as you want. While you're outside, don't forget to checkout the partially finished basement, that just adds more possibilities. It has it's own entrance and can be used as an additional bedroom or possibly an ADU (check with the city first). The basement has also been painted and had engineered hardwood installed, along with recessed lighting, ceiling fan and water hookups for washer/dryer or even a bathroom. Extended driveway can easily fit 3 cars and a one car garage add to the appeal of this unique home. Other updates include a new roof, front yard fence and front yard turf. Close to Lemon Avenue Elementary, La Mesa Village Shopping and you cant miss The Eatery just 1 block away! This definitely should be on your list of MUST SEE HOMES!
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Please visit our Open House at 5121 Marlen Way in La Mesa.
Open House on Saturday, August 27, 2022 11:00AM - 4:00PM
Wonderfully updated single level POOL home now available in La Mesa. This home is a true entertainer's delight. The open floorplan family room and dining room gives a line of sight view from the front door to the backyard. Updated wood floors, windows and paint throughout. The home boasts 3 generous bedrooms and 1 1/2 updated bathrooms. The main full bathroom has a luxurious soaking tub ready to take any of your worries away. All bedrooms, family room and dining room have modern ceiling fans. The kitchen has been tastefully updated with newer cabinets, granite counter tops and stainless steel appliances. From the kitchen you will access an expansive deck ready to enjoy your morning coffee or afternoon tea or wine. The deck overlooks this entertainers delight with a terraced backyard that you don't want to miss! The top level has had brand new turf installed for low maintenance and wonderful for kids play, dogs play or sunbathing. The 2nd level is hardscaped and perfect for large parties or holiday parties, it also gives access to the pool house, which adds to the fun. The 3rd level is where you will find another turf yard area, gorgeous Palm Trees and an inviting pool. The pool was completely redone in 2015 with new pebble tech, new piping, auto water fill system and a Baja step, great for sunbathing and relaxing in the sun! Fully paid solar included, you can run your a/c and pool system as much as you want. While you're outside, don't forget to checkout the partially finished basement, that just adds more possibilities. It has it's own entrance and can be used as an additional bedroom or possibly an ADU (check with the city first). The basement has also been painted and had engineered hardwood installed, along with recessed lighting, ceiling fan and water hookups for washer/dryer or even a bathroom. Extended driveway can easily fit 3 cars and a one car garage add to the appeal of this unique home. Other updates include a new roof, front yard fence and front yard turf. Close to Lemon Avenue Elementary, La Mesa Village Shopping and you cant miss The Eatery just 1 block away! This definitely should be on your list of MUST SEE HOMES!
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Please visit our Open House at 5121 Marlen Way in La Mesa.
Open House on Sunday, August 28, 2022 11:00AM - 3:00PM
Wonderfully updated single level POOL home now available in La Mesa. This home is a true entertainer's delight. The open floorplan family room and dining room gives a line of sight view from the front door to the backyard. Updated wood floors, windows and paint throughout. The home boasts 3 generous bedrooms and 1 1/2 updated bathrooms. The main full bathroom has a luxurious soaking tub ready to take any of your worries away. All bedrooms, family room and dining room have modern ceiling fans. The kitchen has been tastefully updated with newer cabinets, granite counter tops and stainless steel appliances. From the kitchen you will access an expansive deck ready to enjoy your morning coffee or afternoon tea or wine. The deck overlooks this entertainers delight with a terraced backyard that you don't want to miss! The top level has had brand new turf installed for low maintenance and wonderful for kids play, dogs play or sunbathing. The 2nd level is hardscaped and perfect for large parties or holiday parties, it also gives access to the pool house, which adds to the fun. The 3rd level is where you will find another turf yard area, gorgeous Palm Trees and an inviting pool. The pool was completely redone in 2015 with new pebble tech, new piping, auto water fill system and a Baja step, great for sunbathing and relaxing in the sun! Fully paid solar included, you can run your a/c and pool system as much as you want. While you're outside, don't forget to checkout the partially finished basement, that just adds more possibilities. It has it's own entrance and can be used as an additional bedroom or possibly an ADU (check with the city first). The basement has also been painted and had engineered hardwood installed, along with recessed lighting, ceiling fan and water hookups for washer/dryer or even a bathroom. Extended driveway can easily fit 3 cars and a one car garage add to the appeal of this unique home. Other updates include a new roof, front yard fence and front yard turf. Close to Lemon Avenue Elementary, La Mesa Village Shopping and you cant miss The Eatery just 1 block away! This definitely should be on your list of MUST SEE HOMES!
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PMI – What is it and How Does it Work? 

By now you’ve likely heard complaints or frustrations over PMI (Private Mortgage Insurance) and do whatever you can to avoid it.

What if it’s not as bad as you think, though?

Private Mortgage Insurance has its positive sides, including the fact that it allows you to get competitive financing without a 20% down payment.

Here’s everything you need to know about PMI. 

What is PMI?

Private Mortgage Insurance is insurance coverage you buy for the lender. It’s the lender’s guarantee for allowing you to put down as little as 3% – 5% on a home.

Typically, lenders require a 20% down payment for conventional financing, but many borrowers don’t have that much to put down. With PMI, you can make a much lower down payment, but cover the cost of insurance to protect the lender if you default. 

How Does PMI Work?

PMI is insurance for the lender only, but you pay the premiums. It’s your cost because you aren’t making a large down payment.

Lenders take a chance when borrowers don’t have a lot of their own money invested in the home. It would be a lot easier for you to walk away from a home if you have 3% invested versus 20%, right?

You pay the PMI premiums, but the insurance is only used if you default on the loan. In other words, if you get so far behind that the lender starts foreclosure proceedings, they’d make a claim on the insurance.

The Good News about PMI 

Here’s the good news.

PMI doesn’t last forever.

You only have to pay the premiums until you owe less than 80% of the home’s value. This can happen in a couple of ways.

  • Make your regular payments and wait until you pay as much as necessary to get your principal balance below 80% of the original home value.
  • Make regular payments but pay for a new appraisal when you know homes in your area appreciated. This may allow you to cancel PMI early.
  • You can also make larger mortgage payments than is required to pay the principal down faster.

You can request to cancel PMI whenever you get the balance lower than 80% of the home’s value, but lenders use the original value unless you pay for a new appraisal.

As long as you have a timely payment history and there aren’t any other issues with your account, they may approve your request to cancel it.

If not, by law lenders must cancel PMI automatically when you owe 78% of the home’s original value. 

Final Thoughts

PMI doesn’t add a lot to your mortgage payment, and it makes it a lot easier to buy a home without a large down payment.

If you have good credit and a low debt-to-income ratio, you might qualify for conventional financing with PMI. You’ll pay the insurance temporarily while you enjoy your new dream home.

If you need help finding the perfect home or understanding how PMI would affect your payment, contact me today!

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