The workshop will take place in the Downstairs Room at the Ole Hanson Beach Club, which is located at 105 W. Avenida Pico.  For more information on the City of San Clemente’s efforts to devise a new General Plan, please visit their website.

Refinancing your loan may be as simple as getting on the phone with your current lender and asking if you can obtain a lower rate; however, take the time to look at your current situation to make sure that refinancing is a viable option for you.  The article uses a great example…if you are 10 years into paying off a 30-year loan, why would you want to start the 30 years over again just to drop your interest rate by a small fraction?  In this scenario, it may pay to refinance to a smaller loan term (15 or 20-year, whose rates are also historically low) rather than beginning the interest payment process all over again.  The mortgage brokers use more scenarios to convey their points, making this article a great read for anyone thinking about a refi on their loan.

Please click on the following links to read our recent blogs on falling interest rates and the rise in refinancing applications.  If you have any questions about purchasing or selling a San Clemente home or condo, please do not hesitate to contact us.

If you would like more information on purchasing a San Clemente home or are thinking about selling your property, please feel free to contact us for a personalized real estate consultation.

We really encourage residents and visitors alike to support the Art Walks and the businesses who are doing everything they can to continue these excellent events.  You simply do not see these types of events in larger cities, and local businesses, more often than not, tend to give up on these kinds of ideas if the cost and time put forth is not justified by high attendance.  This is one of the many reasons why San Clemente is such a special city - the people who live and work here truly care about creating a great sense of community amongst their neighbors.  San Clemente Coastal Living applauds the efforts of these downtown businesses and the artists, and we hope that San Clemente residents and visitors will show their appreciation by visiting the Art Walks.

There are two Art Walks remaining on the schedule: Thursday, August 26th from 6-9pm, and Thursday, September 30th from 6-9pm.  For more information about the Art Walks, please visit the website for the Downtown Business Association.

While some people may feel that the City of San Clemente is being greedy, parking meter increases are a great way to add funding to current projects being developed in San Clemente, including the Playa Del Norte project and the Avenida La Pata/Vista Hermosa Sports & Aquatics Center.  Also, with the amount of non-metered street parking throughout the city, there are plenty of options for people not looking to feed the meters…they just may have to travel a bit further from the beaches to find suitable parking.

If you are a current homeowner, now may be the time to speak with a mortgage specialist to determine if you are eligible to refinance your mortgage to obtain a lower interest rate.  Buyers are not the only ones who can take advantage of these low rates, so don’t leave yourself open to regret if these low interest rates pass you by.  In these difficult economic times, saving a few hundred dollars per month is nothing to scoff at, and all it takes is a phone call to your lender to see what can be done with your current mortgage. 

For more information on the event, please visit the website of the San Clemente Art Association.

This is great news for buyers looking to purchase San Clemente real estate or for homeowners looking to lock in a low fixed rate on a refinance.  With mortgage rates staying at historical loans, money has never been cheaper to obtain. 

If you would like more information on purchasing a San Clemente home or condo, please do not hesitate to contact us.

The second program is the new Emergency Homeowners Loan Program that will be launched by HUD.  This program will aid hard-hit areas that may not be included in the Hardest Hit Fund.  The program will offer a declining balance bridge loan (0% interest, declining balance, subordinate loan) for up to $50,000 to assist homeowners with mortgage principal and other payments (taxes, mortgage interest, mortgage insurance, and hazard insurance) over a 24-month period. 

To view the full press release and to learn more about these programs and the eligibility requirements, please visit HUD’s website.

For more information or to purchase advance tickets, please visit the City of San Clemente’s online registration section.