– from realtytimes.com 5-16-17
Make an extra payment each year
Making 13 payments instead of 12 can save you thousands and shorten your loan. On a 30 year, $200,000 mortgage at 4.5%, you would save $27,000 in interest and pay your loan off 4 years and 3 months early.
Make an extra payment each quarter
Make an extra payment each quarter and you will save $65,000 in interest and pay your loan off 11 years early on the same $200,000 loan at 4.5% interest.
Get rid of PMI (private mortgage insurance)
If your home was purchased with less than 20% down payment then you are probably paying PMI. Check to see if your mortgage balance has changed enough to eliminate this charge and lower your payment.
Apply any windfalls
Get a raise or a bonus? Maybe a surprise cash gift? Instead of taking that vacation or putting it into your savings, apply it to your mortgage balance. A $10,000 lump sum payment on that 30 year, $200,000 mortgage at 4.5% pays it off 2 years and 4 months early and saves more than $19,000 in interest.
The GlenOak Hills Community is a favorite of mine. We have lived in this community on 2 different occasions, spanning about 6 years. Located in Temecula’s Wine country, it’s a rural community with 2.5 Acre minimum lots, varied terrain and lots and lots of opportunities for views overlooking Temecula.
Housing is varied and offers something for everyone. There are modest homes starting at 1800 SqFt up to 10,000+ SqFt estates with all the bells and whistles. All the homes are custom design and stick built. All the roads are paved. There is propane, city water and septic.
The community has an active homeowner’s association and is managed by the Avalon Management Group. The association dues are currently $ 127/per quarter and include 2 tennis courts, playground, clubhouse and riding arena.
Visit the Community Website at
for Architectural Guidelines and CC & R’s.
There are still lots available for building your dream home (current building requirements in the community include a minimum of 2500SqFt and 2 Car Garage). You can contact us for a list at email@example.com.
For more information about homes available in the GlenOak Hills Community please give us a call at 951-522-6308 Gary or 951-522-1508 April
IS IT TIME TO SELL?
The real estate market in the Temecula Valley is showing more than just signs of recovery. More and more equity sellers are putting their homes on the market and selling their homes in a short period of time and at a higher price than we have seen in years. Foreclosure sales are still relevent but not in the record numbers that the media has given hype over. Short sale listings are scarce. Mortgage rates are ridiculously low. Buyers are everywhere and Realtors (including ourselves) are pounding the pavement looking for something to sell them!
Is it time for you to sell?
We can provide a professional opinion on potential value for your home to help you make that decision. We can be reached at 951-522-0518 April or 951-522-6308 Gary. Our email address is firstname.lastname@example.org
The graph below is a snapshot of California in general. Keep in mind that some parts of California (Temecula included) tend to outpace others.
Chardonnay Hills will kick off our “Featured Community” this month. It’s located in the middle of Temecula, at the end of the city limits prior to heading into the wine country area. It’s recognized most by the rock fountain entrance on Rancho California Road with the giant wrought iron gates that are set in a permanent open position.
The community features homes from 1600 Square Feet up to nearly 4000 so it offers a wide range of variety in size and floorplan. There are currently homes for sale starting in the low to mid $200,000’s. Due to the maturity of the community, homeownership turnover is low. Many of the lots are spacious and offer views.
The community association consists of $110.00 per month currently and features 2 community pool areas, tennis courts, BBQ and Picnic areas, playground structures, sand volleyball, basketball and meandering walkways and trails within the neighborhood.
This community boasted “NO MELLO-ROOS” signs when it was being built and the property taxes here are very low because of that. The homes were so popular in the new construction phase that we once waited in line at 6:00am in the morning to put down a deposit at a phase release for our clients that were moving from out of state.
For More Information About Temecula and the Surrounding Communities, please call me at 951-522-0518 or email to email@example.com We’re happy to answer any of your questions. We’ve lived here since 1991!