Napa Mortgage News


Dear Gena,  
 
There are still a lot of veterans out there who are not aware that with their benefits....
they actually DO qualify for the American dream of homeownership!

Using a loan from the Department of Veterans Affairs rather than a conventional or Federal Housing Administration (FHA) loan, our veterans and military men and women can save money by obtaining one of the lowest interest rates on the market. 
They also will not have to scrape together a large down payment or pay mortgage insurance!

This program today is actually way easier than most people realize and the numbers prove so!
Last year...the 740,000 VA loans were the most done in a single year...up from 300,000 just three years prior. The Washington area alone has had a 78% increase in VA loans in the past four years but the leading states by volume are still California, Texas and Florida.

The low interest rate is the biggest reason many veterans and service members are using the program. VA loans have had the lowest interest rate on the market for most of the past 41 months according to Ellie Mae data.  The second big advantage is that in most cases, 
a down payment is not required.  
As long as a veteran, or a person currently serving...has his full VA Loan entitlement and remains below the loan limit, he does not have to put money down. The limit is $424,100 for most counties. In more expensive markets, it is $636,150. A veteran can borrow above that amount but then they would need to put money down.

Another misconception is that it is some sort of government "low income" loan and that couldn't be further from the truth!  We can finance over $1,000,000 using this loan product!

"People talk about this idea that homeownership seems to mean more to many veterans and military families," said Chris Birk, director of education.
 "Many see it as owning a piece of the American dream that they vowed to defend."

If you would like more information Click Here or just give us a call.






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!


 
Tax Plan in Focus
 

As expected, 
market moving
 news was scarce this week. It was a very light week for economic data. The primary source of volatility was Thursday's release of additional details about the Senate tax plan, but this had just a minor net effect. Mortgage rates finished the week a little higher.
 
On Thursday, the Senate released more information about its plans 
for tax
 overhaul. Of note, the Senate plan would delay a corporate tax cut until 2019. The House and the Senate now will work to reconcile their differences to come up with a plan that both will support. Investors will be keeping a close eye on progress on this front. In general, tax reform is expected to be inflationary
 and negative for mortgage rates. As a result, news indicating that the package will be larger or will go into effect sooner will be viewed as worse for mortgage rates, and vice versa.
 
 
Friday's report on Consumer Sentiment revealed that consumers remain very optimistic about current and future economic conditions. Last month, the index reached the highest level since 2004. While it dropped a little this month to 97.8, this was still the second highest reading of the year. In October 2016, prior to the election, the index was at a level of just 87.2. 


With the stock market near record levels, the unemployment rate the lowest in decades, and hopes for tax cuts high, it makes sense that consumers are feeling good about the economy. 
 
Looking ahead, Wednesday will be the big day with Retail Sales and the Consumer Price Index (CPI). Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. Industrial Production, another important indicator of economic activity, will come out on Thursday. Housing Starts will be released on Friday. In addition, investors will be watching for any changes in the tax reform plans. 


The Veterans Home of Napa is located in Yountville and part of the beautiful Napa Valley.
It is a community for veterans founded in 1884 and is the largest home in the U.S.
With its park like setting....it offers a wealth of social,recreational & therapeutic activities.
CLICK HERE for more information

At this season of giving....your donations here are always appreciated...or....if you have another cause that is near and dear to your heart you may find it at...





Various community groups come together at different times to clean up the grounds, put out flags or whatever other service may be needed.
My Kiwanis club of Greater Napa has been involved with the cemetery clean up over the years.




Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
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Posted by Dale DiGennaro on November 10th, 2017 12:37 PM

Dear Gena, 

As you probably know by now....there are many different loan products available and many ways to get a loan done!  That's whats great about being a broker.  I can use a varity of lender options and am able to restructure loans & use my choice of  resources to get them to closing.

That being said...the industry is continuously improving systems and making it easier to get your loan approved.
This weekend Fannie Mae had a release of what I would call somewhat "looser guidelines" and with that we get more.......

 

  • Automated values (PIW's) so we don't need to wait....or pay for... a full appraisal.
  • Higher debt to income (dti) ratio's so you can actually qualify with more debt
  • Disbuted tradelines will be reviewed an given a different valuation which will be more accomodating
  • Products available to 95% with differend offerings depending on your individual situation
  • Future Income Product so you can now get a loan even if you haven't started your job yet.  Just need employment contract.
  • Special concessions for self employed borrowers including the requirement for only one years tax returns. 

But the best loan I've seen so far...was just sent to me by one of my long time clients.........


I'm not sure that I can help you win the lottery...but I will certainly do my best to get you, your family, friends and referrals into the best loan possible!  
Have a great week.





















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
 
Fed to Act "Relatively Soon"
 



This week's Fed meeting caused some volatility but had almost no net effect on mortgage rates. The economic data caused little reaction. Mortgage rates ended the week very slightly higher.
 
The statement released on Wednesday following the conclusion of the Fed meeting contained little new guidance about future policy. According to the statement, officials expect to begin to scale back (taper) the Fed's holdings of Treasury and mortgage securities "relatively soon." Many investors think that the Fed will announce the tapering at the next meeting on September 20. As expected, the Fed made no change in the federal funds rate. Officials provided little indication that the low inflation readings seen in recent months have altered their outlook for the pace of future rate hikes. 
On Friday, the first reading for second quarter gross domestic product (GDP), the broadest measure of economic activity, was 2.6%, which was very close to the consensus forecast. First quarter GDP was revised lower to 1.2% from 1.4%. During the second quarter, strength was seen in the key areas of consumer spending and business investment.
 
The large improvement during the second quarter was great news for the economy. However, since it was right on target with the expected levels, there was little market reaction.
 
Monday's report on home sales activity showed that little has changed over the last few months. In June, sales of existing homes were at roughly the same level as in April and May. They were slightly higher than a year ago.The 
inventory of existing homes for sale was at just a 4.3-month supply and was 7% lower than a year ago. The median existing-home price was 7% higher than a year ago. 
 
Looking ahead, the important monthly Employment report will be released on Friday. As usual, this data on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the ISM national manufacturing index and the Core PCE price index, the inflation indicator favored by the Fed, will be released on Tuesday. The ISM national services index will come out on Thursday


 

Greater Napa Kiwanis Club working The Relay of Life

My Kiwanis chapter...which meets at Downtown Joe's every Wednesdaymorning at7:30am....assisting with the Relay for Life event this weekend.

This week join us at Filippi's at 6:30pm for our once a month evening meeting. 

See more event photo'sHERE!

 
 
 



 

"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 31st, 2017 11:47 AM


Remember those times you bought those new shoes  or expensive hand bag you had to have?  Or MEN...the latest power tool or riding lawnmower?  And then a week later you wonder if it was the right thing to do or if possible,  you missed out on some fabulous feature or should have picked something different...or...maybe....not have made the purchase at all at that time!?!
 
Buyers Remorse.....we have all experienced it at one time or another.  The good thing is that most of the time we can return the purchase in question and get our money back...or at the very least....store credit.
However.....that isn't the case with the purchase of a new home or rental property!
 

 

According to this Realtor.com 

 

info.........(click here)
 

 

 


 
.....see the 9 things most buyers eventually "regret" overlooking when buying that new home.

  Much research goes into purchasing a home.  Potential buyers get Home Inspections, check out the school district and may even determine if the night life suits their needs. Unfortunately too many buyers often realize they have

 

Look at these 9 things for "no BUYER regrets"!






















 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
 ECB More Dovish
  
This week's movement in mortgage rates was mostly due to a more dovish investor outlook for the European Central Bank (ECB). The economic data caused littlereaction. Mortgage rates ended the week lower.
  
For years, the ECB has had a program in place to purchase massive quantities of bonds. The most recent extension of the program consists of buying 60 billion euros per month through December. This added demand has helped push bond yields lower around the world, including U.S. mortgage rates. Investors have been speculating for months about when the ECB will begin to scale back (taper) its bond purchases. On June 27, ECB President Draghi surprised investors by indicating that the extension of the bond purchase program next year might be at reduced monthly levels, and global bond yields moved higher. Recently, however, comments from ECB officials have become more dovish, meaning that the ECB may be less eager to scale back its stimulus programs as soon as some investors had thought. At Thursday's ECB meeting, Draghi provided just the vague guidance that the discussion about tapering should take place "in the fall." The apparent lack of urgency to taper helped mortgage rates improve over the last two weeks, nearly back to the levels seen before the comments on June 27.
  
One of the few bright spots in the recent U.S. economic data came from the housing sector this week. Despite a lack of inventory in many markets, a disturbing trend had appeared to be developing, as housing starts had declined in March, April, and May. However, the report for June released on Wednesday suggested that the three months of declines merely reflected that the data is highly volatile over the short-term.




  In June, single-family housing starts jumped 6% from May, and the results for May were revised higher as well. Single-family housing starts were 10% higher than a year ago. Similar gains were seen for building permits for single-family homes in June. They were 9% higher than a year ago. 
Looking ahead, the next Fed meeting will take place on Wednesday
No change in the federal 
funds rate is expected, but investors will be looking for guidance about future monetary policy.
 Before that, Existing Home Sales will be released on Monday and New Home Saleson Wednesday. Durable Orders, an important indicator of economic activity, will come out on Thursday.
The first reading for second quarter GDP, the broadest measure of economic activity, will be released on Friday. In addition, there will be Treasury auctions on Tuesday,Wednesday, and Thursday
  



 
Summer Fun with Family continue's....


My mom's 89th b-day celebration on Tuesday, the 18th at my house in Napa was nice.
 

www.facebook.com
/
emilydigennaro

Grants Pass, OR

 

My sister Penny was here from Oregon as well and my brother Bruce and his wife Riva from Rhode Island too! Mom went back to the East Coast with them!
 
  

 

 
 
 
My son Jake & my daughter Jenae' made it all that much sweeter.  :-)



 

"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 23rd, 2017 9:02 AM

Dear Gena, 

Are you considering selling your home and want to get the best price for it without having to start a remodeling project?

Sometimes all it takes is a coat of paint! Yes....that's right...a fresh coat of paint...in just the right color...may be just what it takes to sell your home for more money!

Curious what colors will give you the most bang for your buck?
 Check out this paint color analysis of sold homes, done by zillow.


"Homes with Blue Bathrooms Sell for $5,400 More than Expected"










 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
Fed and Data Benefit Rates
 

Over the past week, comments from Fed officials and weaker than expected economic data were positive for mortgage rates. After rising for the last two weeks, mortgage rates ended this week lower.
 
Every six months, the head of the U.S. Fed testifies before Congress. In her testimony on Wednesday, nearly all of Fed Chair Janet Yellen's comments simply reiterated what had already been communicated by Fed officials. However, she did provide one new piece of information regarding future Fed policy which caused a significant reaction. Yellen said that the Fed would not have to raise the federal funds rate "all that much further" to reach a "neutral policy stance," which is the rate which neither helps nor hinders economic growth. The practical implication of a lower "neutral" rate is that the Fed would stop raising rates sooner than investors had previously expected. A potentially smaller number of future rate hikes was viewed as good news for mortgage rates. 


A shortfall in the retail sales and inflation data released on Friday also was positive for mortgage rates. Excluding the volatile auto component, retail sales in June declined for the second straight month, while the consensus was for a modest increase. This was the first period of back-to-back monthly declines since July and August of last year.


The inflation data also fell short of expectations. The core consumer price index (CPI), which excludes food and energy, remained well below the Fed's target level of 2.0%. Expectations for another rate hike by the Fed this year declined after the release of the retail sales and inflation data. 
 
Looking ahead, the biggest event for U.S. markets next week likely will be the European Central Bank meeting on Thursday. While ECB officials have already said that they will wait for the meeting on September 7 to announce their plans for the bond purchase program, any guidance at this meeting about future policy will affect markets around the world. It will be a light week for U.S. economic data. The NAHB housing sentiment index will be released on Tuesday. Housing Starts will come out on Wednesday. The Philadelphia Fed regional manufacturing index will be released on Friday

My Daughter Jenae'...

FROM THIS...(click on pic)

TO THIS...

 


 

 

 

Yes.......she passed!  

Time to up my insurance.....


 

Oh.....and say a few prayers!

 

My mom is getting ready to celebrate her 89th birthday next week!

 

July 18th....Tuesday.

 

We are all looking forward to celebrating with her in Napa.

 


My brother Bruce schooling my mom on the best adult libations and the fine art of birthday celebrations! :-)


 

"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"






Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 18th, 2017 8:55 AM

Dear Gena, 

I hope you and your loved ones had a very special 4th of  July holiday and that you all took advantage of the extra time away from work to have some fun!

I wanted to make you aware, that if you or someone you know is waiting to clear a
past financial challenge before purchasing or doing a refinance for a better rate....

Our "Second Chance" program can help.
No more waiting! 

 Call or e-mail me with your particular situation so we can see what best suits your needs and how we may help!









 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
Focus Remains on Europe
 

The prospect of tighter monetary policy from the European Central Bank (ECB) again was the main influence on U.S. mortgage rates this week. The U.S. economic data caused 
little reaction. Mortgage rates ended the week higher.
 
Similar to what the U.S. Fed did earlier in the decade, the ECB has been buying massive quantities of government bonds to help push yields lower and stimulate the European economy. This has been good for bonds around the world and has lowered U.S. mortgage rates. Last week, however, ECB President Draghi hinted that they might begin to scale back (taper) their bond purchases sooner than expected. The possibility of reduced demand from the ECB caused bond yields to rise. Then on Wednesday, the ECB released the minutes from the June 8 meeting, and this reinforced investor expectations for tighter monetary policy. Global bond yields rose further, including U.S. mortgage-backed securities, pushing mortgage rates higher.

Friday's release of the key Employment report from the Bureau of Labor Statistics revealed a familiar story. Job gains were impressive, but wage growth was not. Against a consensus forecast of 175,000, the economy added 222,000 jobs in June. In addition, upward revisions added 47,000 jobs to the results for prior months.
 
The economy has added an average of 194,000 jobs over the past three months, compared to a monthly average of 187,000 for all of 2016. The unemployment rate unexpectedly increased from 4.3% to 4.4%, but this was viewed as a sign of strength since it was mostly due to workers entering the labor force. Average hourly earnings, an indicator of wage growth, fell short of expectations and were just 2.5% higher than a year ago. The weakness in wage growth was good for mortgage rates and offset the negative effect of the solid job gains. As a result, there was little net change in mortgage rates after the release of the data. 
 
Looking ahead, Friday will be the big day next week with Retail Sales and CPI. Consumer spending accounts for about 70% of economic output in the U.S., and the retail sales data is a key indicator. The Consumer Price Index (CPI), a widely followed monthly inflation report, looks at the price change for goods and services which are purchased by consumers. Before that, Fed Chair Yellen will be delivering her semi-annual testimony to Congress on Wednesday. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday. 

 

More great music in downtown Napa over the holiday week.

 

The "Petty Theft" band atSilo's.

 

 

A tribute to Tom Petty who we also just saw in person at BottleRock!

 

 

 

 

 

 

 

 

 

 

Dale DiGennaro at Silo_s to see Petty Theft Band.  July 2017

 

Petty Theft Band at Silo_s in Napa CA



We also participated in the 4th of July celebration at "The General Store" with the kids.


  We all had a nice dinner, enjoyed the live music from Silo's outdoor patio and then took in the fireworks display!


What a great week!


 

Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"







Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 18th, 2017 8:42 AM

Dear Gena, 

Independence Day has been an official federal holiday only since 1941, but its origins date back to the Revolutionary War and our nation's independence from Great Britain.

The quiz below (from the Ashbrook Center at Ashland University in Ashland, Ohio) provides an opportunity for you to test your knowledge of the Fourth of July, which is much more than just a day for picnics, fireworks & cocktails!
  1. The Declaration of Independence wasn't actually signed on the 4th of July. Which day was it officially signed?

A. July 2, 1776

B. August 2, 1776
C. November 15, 1777

D. March 1, 1781 

2. Which monarch reigned over the colonists at the time of the American Revolution?
A. Queen Elizabeth
B. Queen Victoria
C. King George II
D. King George III
3. Who famously said, "I know not what course others may take; but as for me, give me Liberty or give me death!"
A. Nathan Hale
B. Samuel Adams
C. Patrick Henry
D. Paul Revere
4. Which signer has the largest signature on the Declaration of Independence?
A. George Washington
B. Thomas Jefferson
C. Roger Sherman
D. John Hancock
5. Which country assisted the colonists with financial and military aid during the Revolutionary War?
A. England
B. France
C. Canada
D. Netherlands
6. Who was the oldest Signer of the Declaration of Independence?
A. George Washington
B. Ben Franklin
C. Roger Sherman
D. Stephen Hopkins
7. Besides John Adams and Thomas Jefferson, which other president died on the 4th of July?
A. Andrew Jackson
B. Millard Fillmore
C. James Monroe
D. James Buchanan
8. Thomas Jefferson was part of a five-person committee to write the Declaration of Independence, along with John Adams, Ben Franklin, Robert Livingston and Roger Sherman. Which man did not sign the Declaration of Independence?
A. Robert Livingston
B. Roger Sherman
C. Ben Franklin
D. John Adams
9. Which signer of the Declaration of Independence stated that this holiday "ought to be solemnized with pomp and parade, with shews, games, sports, guns, bells, bonfires and illuminations from one end of this continent to the other from this time forward forever more."?
A. James Madison
B. Thomas Jefferson
C. Ben Franklin
D. John Adams
10. How many signers of the Declaration of Independence were born in the United States of America?
A. 56
B. 48
C. 0
D. 13
 
***Answers down below













 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!

 

With the celebration of our nations birthday....comes the consumption of adult beverages!  Some stats from the "bow tie guy"....a favorite economist!
He titled this one.........
Apathetic Alcohol  
 

The Friday file: Global alcohol consumption peaked in 2013 at 67 billion gallons. Last year, consumption declined to 66 billion gallons. The decline is pervasive. Per capita German and US consumption has been steadily declining for over 20 years; consumption in Brazil, China and Russia has been declining since roughly 2011. Last year, global beer consumption fell 1.85%, wieclined .008%, and spirits rose 0.04%. Have we witnessed Peak Booze?
 
fireworks_panorama.jpg

ANSWERS: 1-B, 2-D, 3-C, 4-D, 5-B, 6-B, 7-C, 8-A, 9-D, 10-C
WHATEVER YOUR PLANS...HAVE A SAFE & ENJOYABLE HOLIDAY CELEBRATION!

Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"



Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"







Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 17th, 2017 1:14 PM

Dear Gena, 
 
Were you aware that 63% of homeowners have seen their equity increase since the first quarter of 2016, with the average owner gaining about $13,400 between then and the first quarter of 2017!  That is apparently the largest increase since mid-2014!
 
Here are a few things you may want to consider before tapping into that equity...
  • Home Renovations.......knowing which one will pay you back for your efforts and money spent is key.  Review Remodeling magazine's Cost vs. Value Report, which "compares average cost for 29 popular remodeling projects with the value those projects retain at resale in 99 U.S. markets." You can then take your research further, viewing data for your regional area. This will help you decide if that $50,000 kitchen is a good investment, or if that attic renovation you were considering will be a bust from an ROI standpoint.
  • A New Car.......Does it make sense to use your home equity to finance one or buy it outright even?  Probably not at the moment since Auto loans are now one of the few consumer loans that are cheaper than home equity loans or lines of credit.
  • Additions.......adding on to your home can be a great way to make it more livable.  Especially if you have a growing family. You might be surprised to learn that a midrange bathroom addition typically only pays back an average of 53.9%. But, if you bought an older home that only has one bathroom, adding another could have a much higher ROI that makes the addition worth it.  Even though additions offer the potential for higher cost-value ratios than other renovation projects, you still may not recover the full cost of the addition when you actually sell since it will be determined by how strong the real estate market is at that time.
  • Vacation.......That European cruise or trip to Machu Picchu sounds like a great idea, especially because you've got some cash to pay for it with the rising equity in your home. But consider this: You may be paying back the money you spend on that vacation long after you return home.
  • More Real Estate.......while real estate is touted as a good "investment" ...be careful of putting all of your eggs into the real estate basket. Whether you're thinking about flipping a house for the first time or already have some experience under your belt, you'll want to weigh the pros and cons - and costs - involved in buying and owning two properties. "Lenders tend to give more favorable terms to those who tap their home's equity to pay for a second home because they have more skin in the game. The costs of borrowing, especially on home equity loans, can be lower as well, since these loans don't involve paying for title searches or insurance and other transactional costs of new mortgages.
  • College.....With the cost of college continuing to rise and mortgage rates reaming near historic lows, homeowners are increasingly looking to their home equity to offset some of the costs of education. Here's why it may be a good idea: "With a home equity loan or a home equity line of credit, the two biggest positives are that home equity loans may be cheaper than other loans, plus the interest paid on a home equity loan is usually tax deductible.
Feel free to call me any time to discuss your specific needs!
Fed Officials Debate Inflation
 
Comments from Fed officials caused some volatility this week but had little net effect. The economic data caused little reaction. Mortgage rates ended the week nearly unchanged, close to the best levels of the year.
  
Last week's weak inflation data had Fed officials talking this week. To the surprise of many, inflation has declined during each of the last few months. Fed officials seem divided on how to react. Some consider the recent decline transitory and want to continue monetary tightening. Others question this and want to slow things down. On Monday, New York Fed President Dudley said that he thinks rising wages will push inflation higher and that to slow the current pace of monetary tightening could do harm to the economy. On Tuesday, Chicago Fed President Evans said that the Fed "can afford" to wait "a little bit" to see if inflation moves higher. The debate caused some market volatility.
  
The existing-home sales data from the National Association of Realtors released on Wednesday revealed that a shortage of inventory continued to be an issue in May. Total inventory of existing homes available for sale was significantly lower than a year ago and was at just a 4.2-month supply. A 6-month supply is considered a nice balance between buyers and sellers. The low supply of inventory and robust buyer demand caused prices to rise and properties to be sold very quickly. The median existing-home price reached a record high in May, and it took just 27 days on average for properties to be sold. This was the shortest duration since tracking began in 2011.

Even with a low level of inventory in many markets, existing-home sales in May rose a little from April to the third highest level over the past twelve months. Sales of new homes, which make up roughly 10% of the market, also climbed in May, and the median price of new homes rose to a record high as well.  
  

  
Looking ahead, Durable Orders, an important indicator of economic activity, will come out on Monday. Pending Home Sales will be released on Wednesday. The Core PCE price index, the inflation indicator favored by the Fed, will come out on Friday. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday. 
  

 

Napa's music scene is continuing to grow.......Friday night was a throwback to the 90's with Richard Marx acoustic style.  HIs son Lucas opened for him at...

 "The Uptown"!

 

Great Venue! 

 




Then on toCa'Momi which features more local talent.

 

The band"Pistachio" was in from Oakland. 

 

Entertaining....

Pistachio band at  Ca_Momi

If you are a jazz lover...

 

 "The Blue Note"

 

has a lot of great talent. 

 

Last night we saw master guitaristJulian Coryell with his late father....the infamous Larry Coryell's band...

"The Eleventh House"! 

 

Excellent! 

 

 

 

 

Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"







Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 17th, 2017 1:00 PM

Dear Gena, 
 
This weekend we celebrate fathers day! 
 
Father's Day is a celebration honoring fathers and celebrating fatherhood, paternal bonds, and the influence of fathers in society.
 
 In Catholic Europe, it has been celebrated on March 19 (St. Joseph's Day) since the Middle Ages. This celebration was brought by the Spanish and Portuguese to Latin America, where March 19is often still used for it, though many countries in Europe and the Americas have adopted the U.S. date, which is the third Sunday of June. It is celebrated on various days in many parts of the world, most commonly in the months of March or May.
 
To understand more about "Fathers Day" and how it is
celebrated throughout the world.....Click Here!









 
VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
Rates Improve on Weak Data


Weaker than expected retail sales and inflation data was favorable for mortgage rates this week. However, the Fed meeting was viewed as negative and offset some of the improvement. Mortgage rates ended the week a little lower, near the best levels of the year.
 


After rising gradually last year, inflation has been on a downward path so far this year. Wednesday's release of the core consumer price index (CPI), which excludes food and energy, continued this trend. Core CPI in May was just 1.7% higher than a year ago, which was lower than the 1.9% year-over-year rate of increase in April. Lower levels of inflation are positive for mortgage rates.

Later in the day on Wednesday, the Fed disclosed the results from its meeting, and investors viewed the news as negative for mortgage rates. One reason was that in the statement Fed officials maintained the position that the decline in inflation seen in recent months is just temporary. Most Fed officials still expect that inflation will climb to their target level of 2.0% in the medium term. Some investors had thought that the Fed would place more weight on the recent decline in inflation and slow the pace of monetary policy tightening.

In addition, the Fed provided more details at this meeting about its plan to reduce its holdings of U.S. Treasuries and agency debt and mortgage-backed securities (MBS). Investors viewed the pace of the reduction as a little more aggressive than anticipated, which contributed to a small increase in mortgage rates. Fed Chair Yellen said she expects to begin shrinking the size of the Fed's balance sheet "relatively soon" and will do so by no longer reinvesting all the principle payments received. The reduction will start at $10 billion a month and grow to $50 billion a month over twelve months. Approximately 40% of the reduction will be in the holdings of MBS. 

Looking ahead, it will be a very light week for economic data. Existing Home Sales will be released on Wednesday and New Home Sales on Friday. Speeches by Fed officials also may influence mortgage rates next week.

 

Last year at BottleRock this shirt set off  lots of cheering as the Warriors were battling it out with the Cav's.  

This year...... 

 

We did it!!

Congrats to the Warriors! 

 

 

 

An Amazing Win! 

 

 

The

Trophy! 



The Colors!!

 

 

Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"







Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 15th, 2017 12:17 PM

Dear Gena, 

Most of us know and/or participate in at least some of the traditional observance of Memorial Day!
As it goes....the flag of the United States is raised briskly to the top of the staff and then solemnly lowered to the half-staff position, where it remains only until noon. It is then raised to full-staff for the remainder of the day.
Once known as "Decoration Day"...Memorial Day observances in small New England towns are often marked by dedications and remarks by veteransstate legislators, and selectmen.

The half-staff position remembers the more than one million men and women who gave their lives in service of their country. Atnoon, their memory is raised by the living, who resolve not to let their sacrifice be in vain, but to rise up in their stead and continue the fight for liberty and justice for all.

The National Memorial Day Concert takes place on the west lawn of the United States Capitol. Music is performed, and respect is paid to the men and women who gave their lives for their country.

For many Americans, the central event is attending one of the thousands of parades held on Memorial Day in large and small cities all over the country. Most of these feature marching bands and an overall military theme with the National Guard and other servicemen participating along with veterans and military vehicles from various wars.

One of the longest-standing traditions...is the running of theIndianapolis 500, an auto race which has been held in conjunction with Memorial Day since 1911. It runs on the Sunday preceding the Memorial Day holiday. NASCAR's Coca-Cola 600 has been held later the same day since 1961. TheMemorial Tournament golf event has been held on or close to the Memorial Day weekend since 1976. The final of the NCAA Division I Men's Lacrosse Championship is currently held on Memorial Day.

In 2000, Congress passed the National Moment of RemembranceAct, asking people to stop and remember at 3:00 pm.

But.....around the world there are many variations of this holiday and how it is commemorated....CLICK HERE to learn more.










VISIT OUR WEBSITE
_____________________________________________________________________________
THINKING OF SELLING OR EVEN DOING A REFINANCE...  
Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...
 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!
                                                                  
            




  
  
Fed Minutes Reveal Plan
  


With few new political headlines or major surprises in the economic data, it was a quiet week. Wednesday's release of the Fed minutes was the biggest market mover, but those gains were offset by small losses on other days. Mortgage rates ended the week with little change.
  
Wednesday's release of the detailed minutes from the Fed meeting on May 3 said that Fed officials expect to raise the federal funds rate again "soon." To explain the need for the rate hike, they said that they viewed the slow economic growth during the first quarter as "transitory." Fed officials also expect inflation to gradually rise. This information was in line with the Fed statement on May 3 and recent comments from Fed officials.
  
The minutes did contain new information about the Fed's plan to reduce the $4.5 trillion of mortgage-backed securities (MBS) and Treasuries on its balance sheet. The plan calls for a gradual reduction by no longer reinvesting all of the principal payments received. The amount that will not be reinvested will be announced in advance and will increase over time on a fixed schedule. Although many questions remain unknown, investors were pleased to see a plan which is intended to minimize disruptions to the market, and mortgage rates improved slightly after the minutes were released.
 

On Friday, the first revision to first quarter Gross Domestic Product (GDP) showed an increase to 1.2% from the original estimate of 0.7%. GDP is the broadest measure of economic growth. First quarter GDP has been coming in at low levels in recent years, so these weak results were not surprising. Early estimates for second quarter GDP are for much stronger growth of around 3.0%.
Looking ahead, the important monthly Employment report will be released on Friday. As usual, this data on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the Core PCE price index, the inflation indicator favored by the Fed, will be released on Tuesday. The ISM national manufacturing index will come out on Thursday. Mortgage markets will be closed on Monday in observance of Memorial Day.
  






 

 
I am spending my Memorial Weekend at
BottleRock!
I have seen Maroon 5, Tom Petty, Mavis Staples and many other talented musicians. Not to mention Chef Morimoto, Charles Woodson and others on the Culinary stage.
The most amazing experience is navigating through the thousands of people that end up in this one area we call our fairgrounds. 
Here is a beginning, during & after look!

Early in the day!







During......








 
After.....I would hate to be on clean up_
After.....I would hate to be on clean up!


"Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"


Sincerely,
                                           
Dale DiGennaro, President
Custom Lending Group

"Always looking out for your best interest!"







Custom Lending Group
nmls#298353/845079
calbre#966782/944064
http://www.customlending.net
Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog
Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559
Posted by Dale DiGennaro on July 15th, 2017 12:14 PM

 

 

 

 

This morning my daughter and I...along with her good friend Madison and my Kiwanis club of Greater Napa...spent time picking up trash along the roadside as a community service.

 

 

Speaking of community.....did you realize that there are funds available from various sources to assist in the purchase of a home?

 

 

A Community Seconds loan may provide the necessary funds for all or part of the down payment, closing costs, and property renovations.

 

 

To be eligible, Community Seconds funds must be provided by a federal agency; a municipality; state; county; state or local housing finance agency; nonprofit organization or employer.

 

Programs available even up to 105% cltv! 

 

Feel free to call or e-mail for more information.

 







 

 

 

 

_____________________________________________________________________________

THINKING OF SELLING OR EVEN DOING A REFINANCE...  

Our "Home Price Index" will take into consideration your original purchase price & date of home purchase to determine...

 according to the appreciation rate for the region you live in...whether it is a good time for you to refinance now or....if you are getting ready to list your home...what a reasonable value for your area would be.  You can also sign up to receive a quarterly report of your homes value based on the up to date analysis of your region.

 

Just a couple of ways that Custom Lending keeps you informed of our changing market place so you can make the best financial decisions for you and your family!

 

 

                                              

 

Little Reaction to Big

 Events

             

 

 

 

 

 

 

 

During a light week for economic reports, investors were focused on three big events. There was little reaction to the events, however. For the first time in a month, mortgage rates ended the week a little higher, rising from the best levels of the year.

  

Three events on Thursday had the potential to significantly affect mortgage rates. However, none of the three caused much reaction. In the U.S., the testimony of former FBI director James Comey did little to change expectations for the investigation of the Trump administration's dealings with Russia. In Europe, the European Central Bank (ECB) made no change in policy, and there was no additional guidance provided about the timing for a reduction in bond purchases. The third event did produce a surprising result, but it still had little impact on U.S. markets. In the election in the United Kingdom, Prime Minister Theresa May's party unexpectedly failed to gain a majority in Parliament. This will weaken her position in the upcoming negotiations for the British exit from the European Union.

 

  

 

On Tuesday, the Bureau of Labor Statistics released the JOLTS (job openings and labor turnover rates) report. Fed Chair Yellen has described this data as being very useful in evaluating current labor market conditions. It revealed that job openings in April rose to a record high level and that the quits rate held steady at an elevated level of 2.1%.

  

Both readings are viewed as signs of a strong labor market. A high quits rate is viewed as a signal of strength because workers are more likely to leave their jobs willingly when they are confident about their ability to get another one.

 

  

Looking ahead, Wednesday will be the big day next week with a Fed meeting, Retail Sales, and CPI. Investors widely expect a federal funds rate hike from the Fed, and they will be looking for guidance about future monetary policy. Consumer spending accounts for about 70% of economic output in the U.S., and the retail sales data is a key indicator. The Consumer Price Index (CPI), a widely followed monthly inflation report, looks at the price change for goods and services which are purchased by consumers. After that, Housing Starts will come out on Friday.

 

 

 

Thank you for always trusting in us to do the best for you and your family and please feel free to call me anytime you have questions.  I will be happy to share with you whatever information you may need!"

 

Sincerely,

                                           

Dale DiGennaro, President

Custom Lending Group

O:707-252-2700  C:707-738-0878

 

"Always looking out for your best interest!"

 

 

Custom Lending Group

nmls#298353/845079

calbre#966782/944064

dale@clgroup.net

http://www.customlending.net

 

Find us on Yelp  Find us on Google+  Like us on Facebook  Follow us on Twitter  Find us on Pinterest  View our profile on LinkedIn  Visit our blog

Custom Lending Group, 1700 Soscol Ave, Suite 22, Napa, CA 94559

 

 

Sent by dale@clgroup.net in collaboration with

Posted by Dale DiGennaro on June 15th, 2017 4:09 PM

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