Uncategorized

7 Steps to a Stress Free Home: Living Mindfully in Your Own Space

Your home should be a place of relaxation and restoration, not a stress-inducing reminder of your troubles or tasks left undone. While it’s true that people are soothed by different things, and what relaxes one person, might not relax another, there are certain universal ways to quickly boost your home’s good vibes, and put you in a more relaxing mood.

#1 – Make Your BedScreen Shot 2019-01-24 at 9.51.03 AM.png

To some, this might seem like the most tedious chore. Maybe you’re replaying your mother’s voice in your head as we speak, “make your bed before you leave.” Well, sorry you have to hear this from me, but maybe she had a point. Experts say that coming home to a made bed has the ability to make you feel calmer almost immediately, and can actually help you get a better night’s rest. Next time you jump out of bed, take a couple of minutes to straighten up the place where you spend at least 7-8 hours a night.

#2 Let Natural Light Be Your ALarmScreen Shot 2019-01-24 at 9.56.53 AM.png

Speaking of 7-8 hours, this is how much sleep you should be getting a night. People who can get by on four hours of sleep, sometimes like to brag about their endurance, but recent scientific studies show that a lack of sleep causes you to be a risk of many health concerns. Sleeping 7-8 hours a night can decrease risk for health conditions, manage your hunger levels, maintain your immune system, retain memory, and so much more. Turn off your alarm and get into bed nine hours before you need to get up. If you need help with this, iPhones have a “bedtime timer” that will tell you when to go to bed at night, and will calculate how much sleep you actually get in a week.

#3 – Consider Colors Screen Shot 2019-01-24 at 10.01.30 AM.png

You might not even notice it, but your mind and body react in different ways when you see certain colors. Blue, violet, and pastels have been proven to reduce stress and calm you down. Brighter colors stimulate your brain, energize you, and can sometimes even make you feel a little anxious. When painting your rooms, or applying wallpaper, think about how you’d like to feel when you’re in each room. If relaxation is your goal, especially in your bedroom while you’re trying to get those 7-8 hours, you’ll want to go with a muted pallet.

#4 – Keep What Sparks Joy; Let Go of What is LeftScreen Shot 2019-01-24 at 10.16.53 AM.png

Marie Kondo is all the rage right now. If you haven’t heard of her, she is the Japanese organizer, author and star of the Netflix series “Tidying up with Marie Kondo” who encourages people to “keep only what sparks joy” when getting rid of clutter. Some people like clutter, and that’s fine. Your intention shouldn’t be to throw away everything you’ve got, but to hold each item in your home in both hands and ask “does this spark joy.” If it does spark joy, keep it, and put it out where you can see it every day (not in storage). If it does not spark joy (or is not conducive to your future), thank the item for serving you in the past and let it go. 

#5 – Keep Houseplants or FlowersScreen Shot 2019-01-24 at 10.40.03 AM.png

Most of us have heard that if you talk to, or pray for, a plant, you will help their growth and well-being. Well, did you know that the reverse is also true? Studies have shown that indoor plants improve concentration and productivity by up to 15%, reduce stress levels, and boost your mood. This, along with their visual beauty, makes them perfect for your home and work space too!

#6 – Start each day with morning meditationScreen Shot 2019-01-24 at 10.36.00 AM.png

Morning meditation doesn’t have to mean two hours of pretzel-y yoga poses, or even morning-long prayers and fifty hail-marty, though if you’d like to do those things, more power to you! All you need is to carve out 10-30 minutes in the morning as time for yourself. Meditation makes you feel good, emotionally and physically, and enhances activity in the area of your brain that is associated with positive emotions and experience. Some studies even suggest that it helps combat depression, anxiety, and improves pain tolerance when done regularly. Take some time to breathe intentionally and let go of everything in your life that is causing you stress.

#7 – End each day with a completion ritualScreen Shot 2019-01-24 at 9.53.02 AM.png

Ending each day with a ritual is just as important as beginning your days with one, and maybe more. When you end each day doing the same thing, like writing in your journal or planner, reading, listening to relaxing music, or even something as simple as brushing your teeth or washing the last few dishes in the sink, your brain starts to pick up on the pattern and your body will start to automatically wind down. This means less time tossing and turning before you fall asleep.

Most of all, look after yourself. Your home is your sanctuary, and you’ve earned it, so treat your home (and yourself) accordingly.

 

 

Uncategorized

10 Things to Consider When Buying a San Diego Home in 2019

Screen Shot 2019-01-11 at 2.30.21 PM.pngPhoto Credit: Evolve Vacation Rental Network

#1 – Which San Diego Neighborhood is Right for You?

From Hipster communities, to Business Districts, San Diego has so many unique neighborhoods to choose from. You should carefully consider these communities based on affordability, availability, and just what fits with your lifestyle. Ocean Beach, La Mesa, Mission Valley, North Park each have their own unique personality. Check out our last blog: Neighborhoods in San Diego for help with making your decision.

#2 – Have You Considered Cost of Living?

Right now, San Diego is the 13th most expensive city in America, according to USA Today. In the world, we’re 40th most expensive city. Not to be a Killjoy, but when it comes to money, too many of us consider salary without considering the cost of living. A high cost of living can drastically reduce the effectiveness of your income, and reduce your long-term wealth. Before purchasing a home in San Diego, make sure that your foreseeable day-to-day expenses are manageable.

#3- Do You Have a Mortgage Approval?

Required by the California Purchase Agreement, buyers need to obtain a mortgage approval. Before you go shopping for that great property, get a preapproval letter from a reputable mortgage company or brank. Contact me if you need help with this. It’s important to verify exactly what you can afford rather than waste your time searching for a home that is over your budget.

#4- Higher Loan Limits in 2019

As you’ve probably heard, borrowers in San Diego will enjoy higher loan limits this year. Federal housing officials have increased the loan limits for FHA, VA, and conventional mortgage loans. This means San Diego home buyers could have more properties to choose from without venturing into jumbo mortgage territory. As of January 1st, Fannie Mae and Freddie Mac loan limits have increased to $453,100 to $485,350 for a single-family home purchase.

#5 – Transportation

If you don’t own a car, or if you just like to take public transportation to sporting events and giant beach festivals, you might want to consider whether there are bus stops or a trolley station nearby. The San Diego Trolley is a great option for getting around the city quickly and avoiding traffic. You’ll also want to consider traffic near your area, especially during rush hours, and whether an Uber or Lyft driver can get to your area without trouble.

#6 – The San Diego Real Estate Market is Competitive

Although sellers have an advantage, San Diego real estate market is competitive for buyers. In a San Diego seller’s market, it’s important that as a buyer, you are realistic about how assertive and responsive you need to be in order to get the house you want. Sleeping on an offer overnight might not be an option this year.

#7 – Have You Chosen a Buyer’s Agent?

In such a heated seller’s environment, an experienced buyer’s agent, who knows this city, can give you that competitive edge. Hire a BA who’s an expert negotiator. It can make all the difference between getting your offer accepted, or losing out to another buyer and having to start again.

#8 – Demand is Higher at the lower end of the spectrum

In San Diego, the local real estate market is particular active at the lower end of the spectrum. By comparison, pricier properties are taking much longer to sell. If you’re buying a comparatively low-priced home in San Diego in 2019, you should be prepared for competition. This is because there is more demand in the “starter home” price range.

In fact, the fastest homes to sell fall between the $250-$500,000 range. If you’re looking for a property in this price range, jump quickly, and save yourself the frustration of losing out to other buyers.

#9 – Increasing Your Low Credit Rating

When it comes to improving your credit, there really is no time to waste. A low credit score may not seem like a big deal until it’s time to leverage your credit for a mortgage. Increasing your low credit rating will help you qualify for a higher-priced home, at a lower interest rate, making it more likely to purchase your dream home.

#10 – Setting Your Expectations and Formulating Your Plan

To recap, homebuyers interested in the San Diego market, are buying into one of the hottest real estate markets in the country. Therefore, it is important that you become informed prior to your search. Hiring help is always a great idea. Contact me so that I can help you set your expectations, formulate a plan, and ace this process, to make the most of your efforts.

 

Uncategorized

A Short Review

Hi everyone!

Here is a review of our last brochure. We have a featured city, featured listing, featured loan, and a charity highlight below. Leave a comment and let me know what you think!

Featured City – Sunset Cliffs, CA

Screen Shot 2018-12-05 at 12.57.03 PM.png With its rugged coastline and panoramic views, this area is popular with surfers, ocean-gazers, and folks who like to cruise Sunset Cliffs Boulevard, which runs the length of the cliffs. The drive along Sunset Cliffs Boulevard, which begins at Adair Street and continues south to Ladera Street, offers breathtaking views and the most amazing sunsets that you will ever see.

Featured Listing 

710 Cordova St., San Diego, CA 921017 | $2,999,000

Screen Shot 2018-12-05 at 1.32.30 PM.pngInstant Equity for the ONLY property along Sunset Cliffs with a PRIVATE outdoor living space capturing views to the Coronado Islands. Recently appraised for $3.2M! This 5BR/5BA ranch-style home, overlooking Sunset Cliffs Natural Park & iconic surf breaks, has panoramic, up-close, ocean views from every room.

Featured Loan- Interest Only Mortgages

Screen Shot 2018-12-05 at 2.49.30 PM.pngDESCRIPTION:
The borrower only pays the intrerest on the mortgage through monthly payments for a term that is fixed on an interest only mortgage loan. The term is usually between 5 and 7 years.

After the term is over, many refinance their homes, make a lump sum payment, or they begin paying off the principal of the loan.

PROS:
-Monthly payments are low during the term.

-The borrower can purchase a larger home later by qualifying for a larger loan amount.

-Placing extra money into investments to build net worth.

CONS:
Rising mortgage rates increases risk if it’s an ARM.

-Many people spend extra money instead of investing it.

-The home may not appreciate as fast as the borrower would like.

 

November Charity HighlightScreen Shot 2018-12-05 at 2.47.11 PM.png

Family is the main focus of the Nice Guys. The majority of money we raise goes to help families who have somehow “fallen through the cracks.” A medicalbill, a car repair, clothes needed after a house fire, a wheelchair for a young man injured while being a Good Samaritan – this is the type of assistance offered by the Nice Guys. Our goal is always to get people back on their feet and to be, once again, self sufficient. | Donate Here

Uncategorized

6 Ways to Take Control of Your Credit

Screen Shot 2018-10-10 at 2.11.06 PM

I know that it can sometimes feel like you have the worst credit out of everyone in your circle. In truth, most people don’t have great credit. In fact, the average score is just 675, which is slightly lower than what most financial experts consider a good score. With student loans still haunting you and collection agencies blowing up your phone, t’s easy to feel like you’re neck in debt and drowning fast. Don’t worry! I’m here to help! Here are 5 great ways to start managing your credit score.

#1 – Learn What Your Credit Score Actually Is

Of course you want to get this credit score taken care of yesterday. However, before we can begin working on your score, you need to know how much debt you’re in exactly and who you owe. It’s important that you also check to see if your debts have been sent to collections or if you have any late payments on your credit report. Request a copy of your report so that you can see exactly where you stand. You can get a free report from each bureau every year from AnnualCreditReport.com.

Then, there are a variety of ways to get both your credit score and your FICO score. You can use free tools like Credit Karma (but sometimes credit card companies might offer a free score as well). After you review your report and score, be sure to follow this guide to disputing errors on your credit report as sometimes errors can account for a low credit scores.

#2 – Beware of identity theft

Once identity thieves have your personal information, they can drain your bank account, run up charges on your credit cards, open new utility accounts, or get medical treatment on your health insurance. In extreme cases, they can file a tax refund in your name and get your refund, or even give your name to the police during an arrest.

The more your credit improves, the more susceptible you are to identity theft, so always be on the lookout. Check your report periodically to make sure that there aren’t any unauthorized accounts in your name. If there is something you don’t recognize or anything strange you notice, contact a reporting agency and have them look at it right away.

#3 – Take Care of that Debt

We all know that high-interest debt can be taxing on both our wallets and our stress level. However, did you know that it can also hurt your credit score? The longer you carry that debt, the more your “utilization ratio” increases which also lowers your credit score.

Sometimes that light at the end of the tunnel is quite dark, but there are several ways to address your debt. Consolidation is one option. Balance transfers is another. However, although both may work for some, the best course of action is one that addresses the debt and gives you a concrete plan to manage your finances more effectively. Look for a Debt Management Program. Do your research and find one that works best for you. As you pay under this program with a concrete plan of action, your credit score can recover at a steady pace.

#4 – Pay Off Anything Keeping You in the Red

Want to pay off your debt fast? The best way to do so is by reworking your budget, trimming unnecessary expenses and boosting your income to free up more cash to put toward what you owe. If you’re paying off debt on your own, without any professional service, then there are two primary ways to get rid of your debt: The first way is to pay off your smallest debts first—which will allow you to eliminate some of that debt quickly and get rid of the stress and anxiety of knowing what to pay first. The second is to pay off your cards and loans with the highest interest rate first—this will save you a significant amount of money long-term, and is most efficient.

#5 – Know That You CAN Request a Higher Credit Limit

This may seem counterproductive, but sometimes a higher credit limit can lower the utilization ratio we talked about before (assuming you won’t be using more credit once you have a higher limit). If you ask to have a higher line of credit, you have to be self-disciplined and avoid using it. This strategy, if used carefully, can help you meet your credit goals and may actually be one of the fastest ways to get the score you want. If you have a higher credit limit and pay your balances down or in full, it can even be more beneficial. Of course, this is up to you, but it’s definitely worth considering.

#6 – Seriously, Stop Stressing!

Having bad credit isn’t the end of the world, and isn’t the end-all be-all to your future and how close you’re able to come to your goals. Millions of Americans are either in considerable debt and/or hold low credit scores, and many of them have been able to pull themselves out of their rut. You can successfully manage your score in no time if you plan correctly, pay down your debt, check for errors, avoid identity theft, and improve your utilization. And remember, I’m always here to help!

Uncategorized

10 Signs You’re Ready to Purchase Your First Home

Screen Shot 2018-09-25 at 1.39.15 PM

We’ve already talked about how to prepare for your first home loan. Like I’ve mentioned before, buying a home will be one of the biggest and most important purchases of your life. That said, it’s important to consider whether it’s the right time for you. Here are 10 signs that may tell you you’re ready to buy into the American dream of owning a home.

 

#1 You’ve Wiped Out Your Student Loan Debt Screen Shot 2018-10-06 at 9.45.46 AM

First time home buying can be expensive. Being debt-free means that you can now cover your new homeowner expenses, property tax, insurance, and maintenance with that extra cash flow not going toward your debt.

It’s also about knowing yourself. Since you’ve have destroyed those outstanding credit card bills, slayed that disgusting car payment, crushed that horrendous student loan, you have proven to yourself that doing the work that goes into owning a home isn’t an impossible feat. Go you!

 

#2 You Have a Job (That You Actually Enjoy) Screen Shot 2018-10-06 at 9.47.04 AM.png

Experts say that you’re more likely to stay at a job that you enjoy doing, though we all know, it doesn’t take an expert to know that. While it’s important that you have a steady income in the present, knowing that you’ll have a steady job in the future, and that what you’re doing now is something you’ll be able to maintain long-term, is validation that you’re ready to make an ownership commitment.

 

#3 Your Credit Score has “Glowed Up” Screen Shot 2018-10-06 at 9.42.31 AM

You just pulled your credit score and found it strangely high. Can this be right? Has all of your hard work really been paying off? Then, great! Congratulations! This process will be much easier for you.

If you aren’t in this boat, there are steps you can take to change this. Before applying for a mortgage, request a copy of your credit reports — Experian, Equifax, and TransUnion are credit report agencies you can use. You’re entitled to a free credit report from each of the agencies once a year. Review them for inaccuracies or incomplete information. You can also check you credit score (for free) on CreditKarma.com. Then, make your payments on time and pay down your debt. Once you have done this, you’re in a much better position to purchase. Increasing your credit score means that you can now get a better interest rate, enjoy a lower monthly mortgage, and have the financial freedom to own a home.

 

#4 You Got That Raise You Finally Asked For Screen Shot 2018-10-06 at 9.42.45 AM

A rise in income can make the option to become a homeowner an affordable prospect. With a higher paycheck, you don’t have to put as large of a percentage into your mortgage budget. In fact, you never want to put more than 38-43 percent of your monthly income toward a mortgage payment (some loans go as high as 50%). The extra income can erase your financial vulnerability and make it possible to afford that home.

 

#5 Your Future Plans Aren’t Up in the Air Screen Shot 2018-10-06 at 9.42.59 AM

Not that you shouldn’t reach for very dream you have, but it’s important to be realistic in how many things you can accomplish at once. If your future goals involve any larger expenses than your new home does, you may want to regroup or determine which goal is most important to you.

Make sure that goals like starting a family, starting a business, or buying a hot air balloon to travel the next two years in, actually align with you owning a home. Having too many ideas can turn into too many expenses and may lower your chances of being able to afford a mortgage payment.

 

#6 You’re Thinking Long Term Screen Shot 2018-10-06 at 9.43.10 AM

If you’re planning on moving to a new city in a year, or your job likes to move you around from place to place, you may want to consider holding off on the house buying. Buying a house is a massive investment and considering most mortgages are 30 years, a home purchase is meant for the long-term.

I’m not saying that you have to decide to plant your roots firmly in the soil, but it’s definitely not something to take lightly. You should be able to reside in a place for at least five to ten years so as not to lose on your investment. Also consider what the rental market is in your neighborhood. Could you manage any negative rental cashflow if you did need to move? If you have a career that you enjoy, a relationship where you’re both able to stay planted, and kids who are grounded in a school and friends, this could be the perfect time to buy a home.

 

#7 You Know What You Want (and What You Can Afford) Screen Shot 2018-10-06 at 9.43.23 AM

Here’s the truth. People who get what they want tend to be the people who put in the effort to know what they want. At least, that’s what Oprah says. She calls it steps to the “aha” moment.

Knowing what you want is important because it can help remove some of the emotional stress that home ownership consideration can cause. It’s certainly exciting to fall in love with a home, but it’s crucial to have as much information going in as you can to prepare you for anything and keep you grounded about what you want in a home.

Proportional to knowing what you want, is knowing what you can actually afford. You can budget your mortgage payment, but other factors such as it being close enough to your job, what the neighborhood is like, weather and the wear and tear that could occur are all factors that should be considered when determining what you want.

 

#8 You Aren’t Struggling for Cashflow & Living Paycheck to Paycheck Screen Shot 2018-10-06 at 9.43.37 AM

Owning a home is not worth not being able to do some of your favorite things. If you can’t eat out once in awhile, go out with friends, take weekend vacations, or spend money on day-to-day items, purchasing a home is probably not something you want to do just yet. In fact, you need to factor in the hidden costs of owning a home. Put away a good amount of savings to ensure that you’ll still be able to take care of yourself before you tackle on the extra financial stress.

 

#9 You Can Afford that Hefty Down Payment Screen Shot 2018-10-06 at 9.43.56 AM

That savings you put away should be enough to cover your day-to-day and provide the deposit for the down payment. It’s important to meet with a mortgage professional to determine whether a minimum downpayment program will work for you. There are programs that require a minimal down payment (government down payment assistance grants).

Once you understand what you will need to invest in a down payment, there are closing costs and reserves, for your savings and emergency fund, to consider. Once you do, you are ready to buy a house. If you want to put 20 percent down, it can be even more beneficial because you can avoid the PMI (private mortgage insurance)* requirement.  

 

#10 Your Emergency Fund Isn’t Starving Screen Shot 2018-10-06 at 9.44.12 AM

Your emergency fund should not be hungry. Like I said before, there are always hidden, or unexpected costs that come with owning a home, that’s just life. It only makes sense to plan for this with a savings account and emergency backup.

It’s important that you consistently feed your emergency fund before owning a home. In other words, you don’t want to have to rely on a monthly income to cover those unexpected costs–your monthly income has already been calculated and is needed for the mortgage and your day-to-day bills and expenses. Having an income set aside that is the an equivalent of at least a year of monthly bills is a good position to have before buying a house.

If, after reading this, you can still answer “yes” to each of these factors, then congratulations–you may be ready to move on to the next steps of getting prequalified, realtor, and visiting potential homes. However, it’s always a good idea to consider letting a Mortgage Professional help you determine whether you are actually ready to buy. If you have any questions regarding any of the steps above, contact me and I will be happy to help.

**Private Mortgage Insurance: what borrowers have to pay when they take out a mortgage from a commercial lender and pay a down payment of 20 percent or less. PMI insures the mortgage for the lender in the event that the borrower defaults.