By David W. Cryden, VP, CFP
Blakeslee & Blakeslee
In the thirty years I’ve been in the financial planning and investment business, I have experienced more reasons for investors to worry than I can recall. If you really think about it, especially over short periods of time, there is nearly always a reason to be concerned or worry about the world and/or your investments. That concept is sometimes called, “the wall of worry.”
Mortgage rates remained mostly unchanged since last week, with mixed upward and downward movement. Please see our weekly market update column:
APR calculations assume a rate and term refinance of a single family detached owner-occupied primary residence, loan amount $417,000 ($561,200 for high balance and $625,000 for jumbo), and a minimum FICO score of 760.
Obtain a free pre qualification and rate quote from Central Coast Lending today! Give us a call at 805.543.LOAN.
In keeping with the spirit of its “Learn by Doing” motto, not only does Cal Poly teach its College of Agriculture students how to make their respective products, but also allows student-made products to be available in stores. This is why, when grocery shopping in San Luis Obispo, one can find everything from Cal Poly jam to Cal Poly chocolate. There is also Cal Poly wine, and for students interested in the making or marketing of it, the Wine and Viticulture Program is now its own department as of this last September.
Congress voted to change the National Flood Insurance Program in 2012, and changes are now going into effect that will increase flood insurance rates for about 20 percent of NFIP policyholders.
“So far, we haven’t seen a huge effect around here,” said Jim Marshall, Broker and CEO of Jim Marshall Insurance based in Los Osos, referring to Central Coast properties.
The saying, don’t throw the baby out with the bath water came from a time with the whole family used the same water—icky. They saved a lot of water, but with a family of 6, losing the baby was a likely casualty. Save water, shower with a friend, but washing in the buff is a solo pursuit. America’s water consumption is unrestrained. Luxury showers with multiple shower heads and body sprayers use so much water, one needs a dedicated water heater to accommodate the extravagance.
By Sarah Day
San Luis Kitchen Co.
It’s a straightforward remodel this month. The homeowners wanted to keep the plan of the kitchen relatively unchanged as they were hoping to save the satillo floor tile – this constrained the design somewhat, but no problem, San Luis Kitchen could handle it.
The old kitchen was blah with slab style doors in a drab brown finish, fake wood laminate counters and funky mismatched appliances. The homeowners are of a Hispanic background and have a lively, bright decorative style.
Construction spending rose by 0.1 percent in January (2014). Yahoo described the data as “unexpected,” in part because harsh winter weather can negatively impact the housing market.
Surviving spouses are eligible to obtain VA home loan benefits under certain circumstances:
- Veteran died in service
- Veteran missing in action
- Veteran prisoner of war
Thanks to a 2012 act that expanded qualification, surviving spouses are also eligible for VA loan benefits based on the veteran’s disability status prior to death. The veteran’s death no longer must be duty-related for the widow to obtain VA loan eligibility:
- Continuously totally disabled 10 years immediately prior.
- Continuously totally disabled for 5 years from the date of discharge.
- Continuously totally disabled for at least 1 year prior to death of a prisoner of war who died after September 30, 1999
Surviving spouses must remain unremarried to obtain VA benefits, unless the the marriage occurred on or after obtaining 57 years of age on or after December 16, 2003.
The VA loan was designed to make mortgage finance affordable for servicemen, veterans, and their families. Benefits of the VA loan include low interest rates, low (or no) down payment, no mortgage insurance, and a minimal financing fee.
Qualifying candidates must meet minimum credit, income, and eligibility requirements.
Central Coast Lending is a mortgage broker and direct lender based on the Central Coast of California in San Luis Obispo County. Call us today at 805.543.LOAN or email firstname.lastname@example.org to set up a free pre qualification. We are The Mortgage Experts: ask us anything!
They Stole My Credit Card Number and Made a Fake One!
By David W. Cryden, VP, CFP
Blakeslee & Blakeslee
The best tips are often borne out of my personal experiences. This one certainly falls into that category.
About a month ago, I got a call from Citibank. I was asked if I had spent some money using one of my Citibank credit cards in Florida. Of course, I was here working that day and nowhere near Florida. I asked what had happened?
Evan Moffitt will be joining Mortgage Matters on KVEC 920 this Saturday (March 1). The episode runs from 10 a.m. to 12 noon. and Evan will join us beginning at 11 a.m.
Evan Moffitt – Landscape Maintenance Director, KD Janni:
Evan came to San Luis Obispo to attend Cal Poly with the goals of being a farmer in his hometown of Porterville, CA. Upon moving he discovered that he could make a living landscaping, something he has always had a passion for. After graduating from Cal Poly San Luis Obispo with a B.S. in Environmental Horticulture he came to work of KD Janni as a landscape foreman and eventually worked his way up to the Director of Landscape Maintenance.
Evan is a Certified Arborist and Certified Landscape Technician. He currently handles all the operations, estimating, and marketing for the maintenance, tree service, and pest control divisions. Contact Evan by email at: email@example.com.