mortgage

Fun Fall Events coming up in Lake Forest

The new Fall Leisure Times is out!  If you are one of my Lake Forest homeowners, please check your mailboxes for this handy program guide. The new brochure includes info on new classes, fun fall events and all City recreation programs. After seeing all that Lake Forest has to offer, you may want to give me a call (if you don’t already live here) and I will help you buy a home in Lake Forest.

To view the new Leisure Times online, please click here.

Fall registration will begin on Tuesday, August 14 for all Lake Forest residents. (Non-residents can register beginning Tuesday, August 21.) Be sure to sign up for all of your favorites before they fill up

Haunt at Heritage Hill

Friday, October 19 – Dare to be scared! – Join us for our 5th Annual “Friday Night Fright”, this year from 6 to 10:30 pm. Teens 12 years and older, as well as adults, will enjoy a truly haunted adventure featuring Sleepy Hollow Scare Zone, Fright Maze, Haunted School House, and a viewing of the classic movie “Frankenstein.” Sara Karloff, daughter of Boris Karloff, will be at the event to meet her dad’s fans and give them inside info on this legendary actor. Admission is $5 per person. For the most current info on the Haunt, check out facebook.com/LFhaunt.

Autumn Harvest Festival

Saturday, October 20 – We invite you to our annual Autumn Harvest Festival, to be held again this year from 4 to 9 pm at Heritage Hill Historical Park (25151 Serrano Rd). Kids love this opportunity to show off their costumes and trick-or-treat in a safe, fun environment. We will have a glow party, Princess Pumpkin Patch, Pirate Adventure Maze, costume parade, and so much more. Admission is $4/adults, $3/children 12 and under. Certain attractions and games are an additional fee. For more info, call Community Services at (949) 461-3450.

20th Anniversary Celebration Party

Saturday, September 15 – Come and celebrate our 20th year of Cityhood as we dine and dance under the stars! This special event will be held at Oakley Headquarters (1 Icon in Lake Forest). The celebration will begin with cocktails at 6:30 pm, followed by dinner at 8 pm. Attendees must be 21 and older. Fee for this event is $50 per person and pre-registration is mandatory. (Limit of 4 tickets per person.) To register for this event, please visit our online registration site beginning Tuesday, August 14 at 8 am. Walk-in and mail-in registration is also acceptable. For all the details, see page 4 in the new Fall Leisure Times brochure. For more info, call Community Services at (949) 461-3450.

Hallow’s Eve Bowl Jam at Etnies Skatepark of Lake Forest

Friday, October 26 – This awesome Bowl event returns for its 9th year and is sure to be the best yet! It is consistently a favorite for crowds and skaters alike. Participation is open to all ages. The $20 registration fee includes a contest t-shirt. Registration takes place the day of the event beginning at 3 pm. The event begins at 4 and ends at 10 pm. For more info call the Skatepark at (949) 916-5870 or visit EtniesSkatepark.com.

NEW Teen Music Festival

Saturday, November 3 – This brand new event, to be held from 6 to 10 pm, will allow aspiring teen musicians to showcase their talents at Etnies Skatepark of Lake Forest (20028 Lake Forest Dr). Opportunity prizes will be given, food will be available, and art will be on display during the entire evening. Entry fee is $5 per person (band entries are free). For more info, please call (949) 461-3446 or email charris@lakeforestca.gov.

Weekly Mortgage Watch

Significant amounts of very important economic data are due this week, along with a meeting of the Federal Reserve. Mortgage rates have the potential to fluctuate, in either direction, during the course of this week. Few are expecting the Federal Reserve to make any announcement regarding any new policy direction. Most analysts are expecting the Fed to take a wait-and-see position following the recent extension of Operation Twist. If the Fed does announce a new policy, mortgage rates could be driven downward. Economic data will also influence rates this week. A few experts are expecting a bit of an economic bounce. If the data shows a measurable improvement, then rates could climb…  To read the full story and see today’s interest rates, click the link below: http://ftemerson.wordpress.com/2012/07/16/weekly-mortgage-watch-85/wmw-7-15-12/

Financial News Icons Say Now Is the Time to BUY!

Always on the search for news and information that can help people make an informed decision on buying and selling real estate, today’s article gives you insight from Financial News Icons that Say… Now Is the Time to BUY!

From today’s Keeping Current Matters Blog

We received some tough news  on housing last week. Prices are still softening. There was a lot of negativity
surrounding these reports. The news caused more consumers to be concerned.   However, the real question is what this means to you and your family. This  could actually be great news if you are buying (either as a move-up buyer or a  first-time buyer).

We don’t want you to take  our word for this. Instead, here are excerpts from articles published last week
by two of the country’s iconic financial publications: The Wall Street Journal and Forbes Magazine.

http://ftemerson.wordpress.com/2011/06/07/financial-news-icons-say-now-is-the-time-to-buy/

New mortgage rules coming soon!

Recently, the CALIFORNIA ASSOCIATION OF REALTORS® sent us a large number of updates on the market. The most important of that grouping was an article about new mortgage rules.

Beginning Oct. 1, new rules adopted by the Federal Reserve will go into effect, requiring greater diligence on the part of mortgage lenders and brokers who issue high-cost loans for borrowers with less than favorable credit. The interest rates on these loans are at least 1.5 percentage points greater than the average prime mortgage rate. The regulations, which were finalized in July 2008, prohibit lenders from making a high-cost mortgage without verifying that a borrower could repay the loan in the conventional way, and not through a foreclosure sale.

During the height of the market, subprime lenders often would offer loans without requiring borrowers to provide proof that they could make the monthly payments. In some cases, borrowers used stated income loans, which allowed some borrowers to fabricate annual income figures and buy homes without down payments. Although many believe the Federal Reserve’s new rules represent one of the more substantial efforts on the part of the federal government to combat such lending practices, some consumer advocates are concerned. According to a policy associate at the Center for Responsible Lending, the new regulations do not cover option ARMs, which enable borrowers to choose from several monthly payment options during the loan’s early years.

If you want to learn more about the mortgage changes, read the full article at the NY Times.