Summer Fun for a GOOD CAUSE

Posted in Events

Are you up for some summer fun?  Please help support our fundraising efforts for the American Cancer Society’s Relay for Life by joining us at the Ice House for a special comedy show on Saturday, July 18, 2015 at 6 p.m. Tickets $15. Please contact Leslie at 626/975-4010 if you are interested in attending.

Also, please consider joining us at the Arcadia Association of Realtors’ (AAR) and West San Gabriel Valley Association of Realtors’ YPN Bowling Tournament on Tuesday July 21, 2015 at 7 p.m. at Action Lanes Bowling Center in El Monte.  Tickets are $15 for bowlers (shoes included) and $5 for non-bowlers.  All tickets include food and refreshment.  Tickets can be purchased online at www.The AAR.com.

Funds raised at both events will go to support the AAR’s Relay for Life Team.

3-Step Guide to Buying a Home Workshop

Posted in Events

Date:      Saturday – February 28, 2015

Time:      9:30 a.m. to 11:00 a.m.

Location:  Roycroft Realty Office at 2566 Mission St., San Marino, CA

Seating is limited. Please reserve your space by emailing us at leslie@silva-villa.com or calling us at 626/975-4010.  Sponsored jointly by Roycroft Realty and Silva+Villa Home Loans. COMPLIMENTARY CONITENTIAL BREAKFAST WILL BE PROVIDED.

Upcoming E-Waste and Document Shredding Event in Pasadena

Posted in Events, News

Upcoming E-Waste-Document Shredding Event E-waste/Document Shredding event is scheduled for May 30, 2015 from 9 a.m. to 3 p.m. – Rose Bowl Stadium – Parking Lot I E-waste items include computers, keyboards, printers, monitors, laptops, docking stations, scanners, shredders, fax machines, computer mice, telephones, televisions, flat screens, VCRs, DVD players, PDAs, cassette players, tape drives, stereos and household batteries. Many of these products have parts that can be recycled.  The public can bring a maximum of five legal-size boxes of documents for shredding. For more information please visit the City of Pasadena’s website by clicking here.

 

Fannie Mae to offer lenders access to proprietary home valuation database

Posted in News

From the L.A. Times.com — Starting Jan. 26, Fannie Mae plans to offer mortgage lenders access to proprietary home valuation databases that they can use to assess the accuracy of and risks posed by the reports submitted by appraisers. The Fannie data will flag possible errors in the appraiser’s work before the lender commits to fund the loan, score the appraisal for overall risk of inaccuracy and may provide as many as 20 alternative “comps” — properties in the area that have sold recently and are roughly comparable to the house the lender is considering approving for financing but were not used by the appraiser.

Lenders can then forward Fannie’s alternative comps and risk scores to the appraiser or the management company that hired the appraiser requesting explanations and changes to the appraisal.

Could [this] controversial new program set for launch nationwide this month by giant mortgage investor Fannie Mae lead to slower and costlier home sale closings and more disputes over prices between sellers and buyers — busting deals when the appraised value comes in below what the parties agreed to in the contract?

For the full story please click here. 

It’s Time to Think About Refinancing Your Mortgage

Posted in Advice, News

From the NYTimes.com — The bond market is a complicated thing, and it is understandable if most people don’t spend a lot of time thinking about it. But even for Americans who don’t want to spend any mental energy on yield curves, convexity and term premia, there is one simple thing to know about the current tumult in the multitrillion dollar market: It’s time to think about refinancing your mortgage.

The average rate on a 30-year fixed-rate mortgage was 3.8 percent at the end of last week. That is down from 4.5 percent as recently as last spring, the lowest since May 2013 and far below the 5 percent-plus rates that prevailed as recently as early 2011.

Please feel free  to contact the Silva+Villa Team, Wendy at 818/522-6644 or Leslie at 626/975-4010 to review your refinance options and the potential savings available to you. We look forward to helping you.

Continue reading

FHA Mortgage Insurance Premiums Cut

Posted in News

From Businessweek.com — The annual fees the Federal Housing Administration charges to guarantee mortgages will be cut by 0.5 percentage point, to 0.85 percent of the loan balance, Julian Castro, secretary of the Department of Housing and Urban Development, said today during a conference call with reporters. Under the new premium structure, FHA estimates that 2 million borrowers will be able to save an average of $900 annually over the next three years if they purchase or refinance homes.

The FHA has been increasing premiums since 2011 to offset losses caused by defaults on mortgages it backed after the housing bubble burst. Housing industry participants say the increases in annual fees, which are now at 1.35 percent of the loan balance, are squeezing buyers with modest incomes out of the market. Continue reading

Come out and learn about Aveson’s Approach to Education

Posted in Events

You are invited to get a better understanding of how Personalized Mastery Learning works with Dr. Sebastian Cognetta, Aveson Director of Curriculum and Instruction.  Learn about “Educational Quotient,” a measure of one’s ability to thrive and contribute to a learning environment.   Interactive break-out sessions delve deeper into:

  • Personalize Mastery Learning
  • Social Leadership
  • Healthy Living

Upcoming Forums:

Oct 15 (Wednesday), 6:30 p.m.  

Aveson School of Leaders at 1919 East Pinecrest Drive, Altadena

Oct. 22 (Wednesday), 6:30 p.m.

Aveson Global Leadership Academy at 575 West Altadena Drive, Altadena

RSVP:  nutsandbolts@aveson.org

Fundraiser: Ice House Show on Saturday

Posted in Events

As part of the Arcadia Association of Realtors’ Relay for Life fundraising efforts, we are  selling tickets to a “Relay for Laffs”.  The tickets are $15 and $11 of those dollars go to support the American Cancer Society.  The show is this Saturday on 7/26 at the Ice House in Pasadena at 6 p.m.  Please contact Leslie at 626/975-4010 or leslie@silva-villa.com, if you would like tickets or more information.  Thank you for your support! Continue reading