loan: Impound Accounts when Buying or Refinancing a Home - 10/09/19 03:30 PM
Impound Accounts when Buying or Refinancing a Home
When you buy a home and secure the purchase with a mortgage, 
not only will you be required to pay the monthly loan payments, you will be making a commitment, for as long as you own the property, to pay the property taxes every year as well as maintaining a homeowners insurance policy. And depending on the amount of down payment, you might be required to pay for private mortgage insurance. On home loans with less than 20% down, impound accounts are typically mandatory. Money to make these payments is kept by the lender or … (0 comments)

loan: Biggest mistakes home buyers make when buying a home - 01/17/19 04:08 PM
Biggest mistakes home buyers make when buying a home
My latest video talks about the Top 10 mistakes people make when buying a new home. Take a few minutes to watch this video and leave me a comment with other mistakes you have seen buyers make.
The number one biggest mistake people make when buying a new home is not getting pre-approved for a loan. Prequalify or preapproval means that you’ve spoken to a lender or mortgage individual and have given them information such as your income, expenses and tax returns, etc. and they’ve looked at your situation and have giving you some … (1 comments)

loan: Lenders Are Even Checking If You Get Pizza Delivery - 07/22/10 09:04 AM
Lenders Are Even Checking If You Get Pizza Delivery
As the mortgage industry adjusts to new lending practices, it seems that no information is off limits.  Lenders are looking under every inch of your personal data to discover if the boxes you filled in on your credit application are really the truth. And the beloved/hated FICO score is not the only thing that is important.
So what does pizza delivery have to do with your bank? Suppose you are applying to refinance your home and claim to live at a certain address but always have your pizza sent to an address … (2 comments)

loan: Mortgage Rates New An All Time Low - Wow! - 10/03/09 02:16 AM
According to an article in the Los Angeles Times, Octoer 2, 2009 interest rates are near the all-time low (for rates tracked by Freddie Mac), if you have a solid credit rating and are able to put 20% dow. 30-year fixed rates last week were 4.94% with 0.7% upfront for points and fees.  A POINT is equal to 1% of the loan, so 1 point on a $300,000 loan will cost the borrower $3000.
The lowest rate recorded by Freddie Mac was 4.78 with fees and points at 0.7%, recorded in April of 2009.  By comparison, the same loan was 6% … (1 comments)

loan: Light At The End of The Tunnel...Or Really An Oncoming Train! - 10/24/08 06:22 AM
Car Show In Rancho Santa Margarita by John Alesi, Mission Viejo REALTOR® Mission Viejo CA Real Estate
On Monday, Oct 10th, local Orange County real estate prognosticator, Gary Watts, presented a seminar "The New Financial World and Its Impact on Real Estate." After explaining the reasons for the current slump in financial markets and the resulting overflow into real estate, Watts ended with a few points that may be the light at the end of the tunnel. Hopefully, it's not an oncoming train!
-Credit conditions should greatly improve, bringing more buyers into the market place. -Demand for properties will continue … (0 comments)

loan: Countrywide Bankruptcy? What To Do If You Have A Loan With Countrywide - 01/10/08 04:41 PM
Countrywide Bankruptcy?  What To Do If You Have A Loan With Countrywideby John Alesi, Mission Viejo REALTOR®Mission Viejo CA Real EstateJanuary 10, 2008 Today's news that the nation's largest lender, Countrywide Financial Corp., is just the latest bomb to hit the lending industry.  Likely, white knight, Bank of America, will rescue the company and make a smooth transition.  You may recall that late last year, B of A invested $2 billion in the troubled lender.So, what if you currently have a loan with Countrywide?  What should you do?  In a few words...Keep makin' the payments!  No matter what happens in the next … (0 comments)

John Alesi, (Orange County California Real Estate) (Century 21 Award) Rainmaker large

John Alesi

(Orange County California Real Estate)

Mission Viejo, CA

More about me…

Century 21 Award

Address: 22342 Avenida Empresa, Suite 150, Rancho Santa Margarita, CA, 92688

Office: (949) 510-2154

Mobile: (949) 510-2154

Email Me

BRE# 01730187 Author Bio: After many years of working in the sales business, I have chosen to dedicate my career to the real estate industry. In more casual terms, I have decided to build my business around helping people fulfill their dreams of home ownership with a very personal touch. Unlike many in this industry who "got their license to play around in real estate", I am committed to giving 100% to each and every customer. Buying or selling your home is a complicated process that requires the knowledge, skills and effort that a part time agent cannot provide. Whether you are buying your first home, moving up because of a growing family, relocating due to a job transfer, seeking that dream estate on the golf course or downsizing in the golden years, I believe it is my obligation to treat everyone with honor and respect and with the highest degree of service and professionalism. Feel free to call me to discuss your real estate needs. I promise that I will take good care of you. View all AR Posts By John Alesi Blog Google+ Check back often for news, events and information about South Orange County, CA.
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