Ducks Are Important When Buying A Home in @Orange County

 

 Ducks Are Important When Buying A Home in #Orange County

 

Get all your Ducks in a row.  Be prepared so that you don’t start a purchase process before you are ready.  Many people have said to me, “Oh, I’m good. I have great Credit. I won’t have any trouble getting a loan. But unless you are prepared you may be surprised at how the lending requirements have changed from even 8 years ago.

 

A few years ago, we had Stated Income so if you said you had a certain amount of income, they believed you and could move forward on that. Your DEBT to INCOME Ratio was a lot lower than it is today.

So, how do you know how much loan amount you can afford?

 

The key is your debt-to-income ratio. The debt-to-income ratio is a critical measurement that underwriters use to determine your ability to repay the loan. Given its importance to the Lending decision, it is critical to understand the debt-to-income ratio and what you can do to improve it.

 

So, debt-to-income ratio?

You actually have two debt-to-income ratios that Lenders use to determine if you can afford a new Mortgage. The first is what’s known as the front-end ratio or housing ratio. The housing ratio is your proposed total monthly housing which is your new mortgage payment, property taxes and insurance combined, divided by your gross monthly income. The other important ratio is known as the total debt ratio. In addition to your housing payment, the total debt ratio factors in other monthly Credit Obligations such as car loans, credit cards and student loans.

 

So, How much will Lenders allow?

Most lenders do not have maximum debt-to-income ratios per se, but rather guidelines that offer some flexibility. In general, lenders want to see monthly housing debt of no more than 28% to 33% of your income and total debt of no more than 38% of your income. Lenders will exceed these guidelines when sufficient offsetting factors exist, such as excellent credit, larger than required equity or down payment, or demonstrated ability to maintain a similar payment. Keep in mind, however, that the farther you exceed the guidelines, the stronger your offsetting factors will need to be.

 

So, How Can I improve my Debt to Income Ratio?

The nice thing about the debt-to-income ratio is that, unlike some other aspects of your financial life, it can be improved. You may be able to, for example, improve your debt-to-income ratio by paying off some of that excess debt. But be sure to check with your lender before you start paying that debt down, because lender requirements do vary.

 

So, Now What?

Now you contact a Great Real Estate Agent who will respond to you immediately. Who will lead you thorough the process so that you are not surprised anywhere down the road. An agent who is Honest, Experienced, resourceful and treats you like Family. Why not expect the Possible and receive the Impossible. Choose

 

MarleneDietrich@Realtor.com 949-400-1021

www.MarleneDietrichRealEstate.com

 

 

June 13th Newport Beach…MakeAWish Rolling for Wishes Not too

 

Calendar Of Events

Rolling for Wishes

June 13, 2014

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Time:

6:30pm

• Orange County

• Rolling, wishes, poker, casino, dice, young professionals

Location:

Hyatt Regency Newport Beach
1107 Jamboree Road
Newport Beach, CA 92660

Purchase tickets today!

Please join us for the 7^th annual Rolling For Wishes benefiting Make-A-Wish® Orange County and the Inland Empire.

Enjoy an evening of lively casino action, prizes, silent auctions and more!

• $150 in casino chips included with ticket
• Hosted beer and wine
• Specialty cocktails provided by Ole Smoky Tennessee Moonshine
• Heavy hors d’oeuvres to be served
• DJ entertainment to be announced
• Dress is cocktail attire

Ticket prices:

$75 for members of Make-A-Wish Young Professionals and Women’s Circle of Wishes through May 15
$85 General Admission until May 15
$95 General Admission May 15 – June 10
$125 tickets at the door if still available

To purchase tickets by phone or for any other questions please contact Sarah Pizzaruso at pizzaruso@wishocie.org or by calling 714-573-WISH (x230).

To purchase tickets online click here. 

Sponsorship opportunities are now available. 

Be Prepared for that well deserved Vacation this Summer

Summer is upon us and Vacations will be starting as soon as school is out. With this in mind you need to prepare not only for the Place to go to but the place you will be returning to.      Important steps should be taken to keep your home Intruder proof while you are away.

1. Make your home look like its occupied. Multiple timers on lights in different locations
2. Music on for background noise
3. Be careful of who you give advance notice of your vacation (ie Facebook,etc…)
4. Tell a trusted neighbor or friend so they can watch your home
5. Stop all mail and newspapers and have a neighbor park in your driveway
6. Close blinds and shades on first floor so no one can peak in
7. Pack your suitcases and such while the car is in the garage so as not to alert passersby
8. Lock all doors, gates, garage and storage.

If you take precautionary measures you will be able to enjoy your vacation without worrying about the security of your home while you are away.

 

MarleneDietrichRealEstate.com

 

Inventory in OC California up 70%

 

Inventories Rise 70.3% in Orange County

According to  National Housing Trend Report of .Realtor.com  single-family homes for sale in Orange County, California are on the rise, indicating a healthier real estate marketplace than a year ago.  It also signifies a strong confidence of sellers. The inventory of Homes here in Orange County for-sale pver 70% in April compared to year-ago.

Confidence is up, inventory is up, Interest rates are down, Perfect time to buy and sell. Don’t just expect the possible from your Realtor, expect the impossible. Contact me MarleneDietrich@Realtor.com 949-400-1021

Our Client appreciation BBQ day in Newport Beach

Saturday, May 17th we hosted our Client Appreciation BBQ at our home from 1:00-5:00….Thanks to all who attended.

 

Fun, Food and Drinks; we enjoyed BBQ brisket and BBQ chicken not to mention julienne veggies, scallop potatoes, salad as well as cookies, brownies and chocolate cake for desert.
The game of “Who Are You” with name tags on our backs of famous people was a great ice-breaker!   Everyone received a raffle ticket and those who guessed their famous person,  got another raffle ticket.  We had badminton, frisbees and a driving range setup in the backyard as well as bubbles and coloring books/crayons for the younger kids.

 

Thanks you to our supportive team, we were able to raffle eleven different gift cards starting at  $100, $50 and so on along with a picnic bag!  Our thanks goes to Adam Vaughn of Mariners Escrow, Cam Hunter from Cal-title, Lilly McBee Lender from Sterns, Randy Orchen Lender from Pinnacle, Roberta from First American Home Warrantee, Todd Burns Lender from JMJ Financial and Stacey Glenzer at Pickford Escrow. The Marlene Dietrich Real Estate team contributed the Grand Prize of an Apple iPad.  

Looking forward to seeing everyone again at next year’s (2015) Annual Client Appreciation BBQ, 

The Market according to Marlene Dietrich, Newport Beach Realtor

How is the Market according to Marlene Dietrich

Orange County housing market perked up a bit in April, higher than March but less than last year’s April. Prices edged up slightly which is a good thing, still showing strength but not stressing the affordability level. Less investors allows buyers to get a better deal; sellers still getting a good price.

Even though sales have increased 1.4% Sales have fallen on a year over year basis for 7 consecutive months with last month being the smallest decline since last October. We are still below an average level but moving in the right direction. If inventory grows, which is likely; it will be a lot easier for sales to reach and average level. Factors affecting this are affordability, lenders restrictions, gas prices, less investor activity. Good news are employment is rising, more people can qualify to buy after doing a short sale or a foreclosure and families are growing.

Last year’s prices rose 23%, this year prices are slowing to a more reasonable increase. Now instead of double digit increases we are recently seeing single digit, still a positive move but a more reasonable rate. Credit conditions appear to have eased in recent months.

Foreclosures, short sales, investor flipping have all dropped tremendously. With lenders like Wells Fargo doing 7.3% and Chase about 4% plus many more offering about $6.2 Billion in Mortgage money available, it is easier to get a loan than it has been. The federal government is artificially keeping the rates down so now is the time to get that loan and buy that home. Distress market indicators are continuing to decline and adjusting for inflation mortgage payments are actually 34% below the typical payment of 1989.

So What are you waiting for? Contact us at 949-400-1021 MarleneDietrich@Realtor.com

Visit us as www.MarleneDietrichRealEstate.com

Jazz, Cinco de Mayo, lots happening in Orange County May 2014

Complete Festival Schedule and Tickets Click Above

Barbara Morrison to perform JAZZ WEDNESDAY WINTER Wednesday, April 30, 2014, 6:00-8:00 pm; doors open 5:00 pm. The distinctive [seven-degrees] event facility, 891 Laguna Canyon Rd., Laguna Beach Buy tickets now and enjoy Great Music for a Great Cause Jazz and blues legend Barbara Morrison on April 30th. Proceeds will support Live! Music & Kids, a music education program offered, at no charge, to children at the Boys & Girls Club and Laguna schools. The  dazzling Barbara Morrison has been featured on over 20 recordings in almost every genre from traditional jazz and blues to gospel and pop.  Her melodic voice, with its two-and-a-half-octave range, are known  worldwide, as are her rich, unique, soulful and highly spirited interpretations of  both, familiar jazz and blues classics, and original contemporary tunes.  Most striking is her ability to belt out down-home, soul-stirring Blues.  Breathtaking are her impassioned renditions of old and favorite torch songs. Pam  Estes, Executive Director for the Boys & Girls Club, comments, “Without  Laguna Beach Live! there would be no music at all here – and music is such an important part of life.  Music transcends so many factors –  language, culture, age — and brings us all together. Thankfully, Laguna Live! has opened that door for so many young ones here at the  Boys & Girls Club.” The  Morrison concert is in the cabaret club setting, 6:00-8:00pm, at [seven-degrees], 891 Laguna Canyon Road. Tickets are $30 online and a  special VIP package for $100 includes premier seating, a visit with the  artist and a signed CD. A special menu and full bar are available. For tickets,  visit www.lagunabeachlive.org or call 800-595-4849. For additional information, call 949-715-9713. New Venue [seven-degrees] is offering a choice of several delicious dishes for $10: A Full Bar will also be available.  Cash and credit cards accepted. Self-serve. Parking: metered  parking on Laguna Canyon Rd and the frontage road is $1.25/hour until 7  pm (quarters or credit cards). Laguna shopping stickers are valid. There is also parking in nearby city lot. The Series Tickets are $15 in advance and $20 at the door and can be ordered at www.lagunabeachlive.org or by phone at 800-595-4849. Information line: 949-715-9713     Segerstrom Center for the Arts Ever wonder what inspiration looks like? Click above for complete schedule and tickets BOOK OF MORMON comes to Segerstrom Center! Get your tickets early for The Book of Mormon 5/13/2014 – 5/25/2014 From the creators of South Park and winner of nine Tony Awards®, The New York Times calls THE BOOK OF MORMON “the best musical of this century” and Entertainment Weekly says it’s “the funniest musical of all time.” 44th Annual Childress M.A.C.Y. Awards 6/1/2014 – 6/1/2014 The MACY Awards, founded in 1969, is dedicated to  encouraging, recognizing and rewarding achievement and excellence in  high school musical theatre. Orange County School of the Arts Season Finale 6/7/2014 – 6/7/2014 This dynamic annual performance showcases the  school’s artistically gifted students in a compilation of this year’s  best presentations. Student performances and works of art from each of  the school’s conservatory programs will be featured. Jersey Boys 6/24/2014 – 7/13/2014 JERSEY BOYS contains authentic “profane Jersey language” and may not be recommended for all ages “TOO GOOD TO BE TRUE!” raves the New York Post  for JERSEY BOYS, the 2006 Tony Award®-winning Best Musical about Rock  and Roll Hall of Famers The Four Seasons and how they became one of the  greatest successes in pop music history. Natalia Osipova and Ivan Vasiliev 7/25/2014 – 7/27/2014 Dance’s reigning power couple return to  Segerstrom Center in a special world premiere event created to showcase  their matchless talents. Ghost The Musical 7/29/2014 – 8/10/2014 Relive the iconic and magical moments from the Oscar®-winning movie Ghost  in this brand-new Broadway musical, which features an original pop  score from multiple Grammy Award® winners Dave Stewart and Glen Ballard. Frankie Valli 8/16/2014 – 8/16/2014 Once 8/19/2014 – 8/31/2014 Winner of eight 2012 Tony Awards® including Best  Musical, ONCE is a truly original Broadway experience and an  unforgettable story about going for your dreams… not living in fear…  and the power of music to connect all of us. The Best of Jethro Tull Performed by Ian Anderson 9/18/2014 – 9/18/2014 Jethro Tull’s legendary frontman returns with an concert of Tull classics and songs from his new album, Homo Erraticus. Engelbert Humperdinck 9/20/2014 – 9/20/2014 Anaheim Cinco de Mayo Fiesta   Talent Show Special Free Admission   Gano Excel Event   This Saturday Free Admission for OC BUZZ and Stay Connected OC Readers Click above   FRIDA CINEMA PRESENTS COMIC BOOK ART SHOW Free Admission   Santa Ana Cinco de Mayo Festival  Free entrance, lots of  Food, Music and Entertainment! Begins Friday May 2nd with Street Carnival Downtown Santa Ana, Main & 4th Streets   For Informational Purposes Only OC BUZZ does not endorse any candidates but welcomes information regarding candidates and propositions that effect Orange County   Danzantes Del Sol  Aztec Sun Dancers The public is invited to enjoy the nationally recognized Danzantes Del Sol at a Cinco de Mayo Celebration at Legendary Moreno’s Restaurant in Orange, CA on May 3rd, 4th & 5th.  For more information call 714-639-2181 Irvine Barclay Theater Click above for tickets and all Barclay Theater Information

“Cirque de la Symphonie” It’s a magical treat for the eyes and ears when Pacific Symphony  delivers a stunning fusion of cirque acts synched to classical music’s  finest masterpieces-“Cirque de la Symphonie” Music soars to stunning new heights along with aerial fliers and acrobats, when they (plus contortionists, dancers, jugglers and strongmen)  perform their death- and gravity-defying Cirque feats to popular  classical masterpieces-all live, on stage and dramatically backed by a  full orchestra for Pacific Symphony Pops. This jaw-dropping  fusion of two art forms wows Symphony audiences of all ages for a third  time, as the internationally recognized and award-winning artists of “Cirque de la Symphonie”  take to the air and push themselves to the limit in a “spectacular  event” that couples the “magical musical styling of Pacific Symphony”  with the “playfulness of acrobats sharing the same stage,” according to A Taste of Dawn Magazine in a review that followed a performance in April 2012.   Principal Pops Conductor Richard Kaufman leads the orchestra through stirring repertoire featuring audience favorites including John  Williams’ “Flight to Neverland” from the movie “Hook,” Tchaikovsky’s  Waltz from “Swan Lake,” scores from Leonard Bernstein’s “Candide” and  Camille Saint-Saëns’ “Baccanale” from “Samson and Delilah”and “Danse Macabre,” among other classical pieces. “Cirque de la Symphonie” dazzles Thursday through Saturday, May 1-3, at 8 p.m., in the Renée and Henry Segerstrom Concert Hall    For the complete Pacific Symphony information, schedule, performers and tickets, click here.     For Soka Complete Schedule Click Above Up Coming Events! An Evening w/Branford Marsalis Friday, 5/9/14 8:00PM   City of Mission Viejo Earth Day/ Arbor Day  Community art project celebrates earth, the environment During this year’s Arts Alive Festival, residents will have the opportunity to tap their artistic sides by creating a community art project that pays homage to Mother Earth.   The popular festival takes place from noon to 6 p.m. on Saturday, May 3 and from noon to 5 p.m. on Sunday, May 4 at Oso Viejo Community Park on the Village Green and at the neighboring Norman P. Murray Community and Senior Center, 24932 Veterans Way.   This year’s festival celebrates the 1970s and will give volunteers the chance to create an Earth Day Promise Tree mural out of clay, recycled wood and copper.  Honoring the earth and environment, folks can write short thoughts or words on some of the pieces that will be incorporated into the finished creation.  Volunteers will also make and paint the leaf shapes and stain the wood pieces that will be melded into the project. The project echoes the City’s commitment to the environment and fits nicely with the Arts Alive ’70s theme since Earth Day was started in that era.   The project will kick off this month at the City’s Earth Day and Arbor Day celebration from 8 a.m. to noon Saturday, April 26 at Coronado Park, 26652 Las Ondas Drive. The Earth Day Promise Tree Mural moves to Arts Alive May 3-4 where people can contribute their talents and leave their marks on the project beginning at noon.   For more information about the Earth Day and Arbor Day celebration, visit http://cityofmissionviejo.org/green/. Information about Arts Alive is available at http://discovermissionviejo.com.   Wit, Intellect, and Satire at Saddleback College! All the Timing One-Act Comedies  Wit, Intellect, and Satire at Saddleback College! The Department of Theatre Arts at Saddleback College is thrilled to present All in the Timing by David Iveson May 2nd-10th  in the Studio Theatre. Directed by Mark McQuown, this  critically-acclaimed, award-winning evening of one-act comedies combines  wit, intellect, satire and just plain fun. “Theatre  that aerobicizes the brain and tickles the heart. Ives is a mordant  comic who has put the play back in playwright… A wondrous wordmaster.”  -Time Magazine.   The five one-act plays include:   Foreplay or the Art of the Fugue. Chuck, a would-be Don Juan, in three rounds of seduction with three different women on a miniature-golf course.   Sure Thing. A  classic of contemporary comedy. Two people meet in a café and find  their way through a conversational minefield as an offstage bell  interrupts their false starts, gaffes, and faux pas on the way to  falling in love.   A Singular Kinda Guy. A monologue about a man who believes he is actually a typewriter   Variations on The Death of Trotsky,  directed by Shadi Ghaheri. The Russian revolutionary on the day of his  demise, desperately tries to cope with the mountain-climber’s axe he’s  discovered in his head.   The Philadelphia. A  young man in a restaurant has fallen into “a Philadelphia,” a Twilight  Zone-like state in which he cannot get anything he asks for. His only  way out of the dilemma? To ask for the opposite of what he wants.   Speed-The-Play. A parody of the works of American playwright David Mamet; his major works are each lampooned.   Dates:   May 2, 3, 7, 8, 9, 10 at 7:30 p.m. and May 4 at 2:30 p.m. Tickets can  be purchased by calling (949) 582-4656 (noon-4 Wednesday-Saturday) and  online at www.saddleback.edu/arts.  Prices are $15 general; $10 students/seniors.   The  Department of Theatre Arts program at Saddleback College produces  several fully-staged shows each year.  All students are given the  opportunity to audition for every production yet Theatre Arts students  are given priority in the casting process.  In addition there are  numerous opportunities for students to contribute in backstage  activities through the Entertainment and Theater Technology program. Saddleback  College is located at 28000 Marguerite Pkwy in Mission Viejo, just east  of Interstate 5 at the Avery Parkway exit.  Free parking is available  in Lot 12.  Take Avery Parkway to Marguerite Parkway turn  left to the third traffic light, which is Saddleback’s Marguerite  entrance. Turn right into the campus and take the third left to Theatre  Circle, turning right into Lot 12.   “FROM SCREEN TO SCORE”: FOUR MAJOR FILM COMPOSERS TAKE BREAK FROM HOLLYWOOD TO PRESENT NEW CONCERT WORKS FOR PACIFIC SYMPHONY’S 14TH AMERICAN COMPOSERS FESTIVAL ACF spotlights four of Hollywood’s biggest and best on May 8-10:  Elliot Goldenthal, James Horner, Howard Shore and John Williams Pacific Symphony’s critically-acclaimed American Composers Festival (ACF) continues for the 14th year with “From Screen to Score: New Concert Music by Famous Film Composers”-who happen to be four of today’s biggest Hollywood heavy-hitters: John Williams (“Star Wars,” “Raiders of the Lost Ark,” “E.T., the Extra Terrestrial”), Howard Shore (“Lord of the Rings,” “The Hobbit,” “Hugo”), James Horner (“Titanic,” “Star Trek,” “Apollo 13”) and Elliot Goldenthal (“Alien 3,” “Batman Forever” and “Batman and Robin”). Together, these iconic composers boast 11 Oscars and countless billions of box office dollars. They also hold the ironic position of simultaneously being the most-heard orchestral composers ever (the soundtrack for “Titanic” sold 30 million copies), yet their music is the least performed. Although once disregarded by the modernist school of composition, film music has without a doubt come into its own as a fully recognized art form. And, of course, this recognition is not just academic. Millions of filmgoers have been exposed to and enriched by orchestral music through the movies. But debates over the value of film music versus concert music or what constitutes “commercial,” “serious” or “artistic” rage on. It is this controversy that lies at the heart of this ACF, as these extraordinary, if not revolutionary, composers prove their mettle through not film music but symphonic concert works.   “From Screen to Score” takes place Thursday-Saturday, May 8-10, in the Renée and Henry Segerstrom Concert Hall; a preview talk with Alan Chapman begins at 7 p.m. Tickets are $25-$99. For more information or to purchase tickets, call (714) 755-5799 or visit www.PacificSymphony.org   For more information, visit http://www.goinnative.net Hyatt Regency Newport Beach Jazz Festival May 30- June 1 For Ticket information click here