Ventura County Overview

People come to Ventura County California from all over the world to enjoy the clean and sparsely populated beaches and coastal resources, the hills and towering mountains, rivers, valleys, year ’round mild weather, the Channel Islands, Los Padres National Forest, and the closeness of many of Southern California’s top tourist destinations. You will find out of the way unique wine tasting and vineyards, agriculture and roadside stands selling fresh strawberries, avocados, oranges, lemons and all kinds of fresh picked and organic produce.

Trailhead into the Chumash Wilderness, photo b...

Trailhead into the Chumash Wilderness, photo by Antandrus, Aug 28, 2006. Just west of the summit of Mount Pinos; trail goes downhill, then up to Sawmill Mountain. View is to the north. (Photo credit: Wikipedia)

The beautiful countryside of Ventura County is sprinkled with orchards and vineyards, rivers draining the nearby hills and mountains, old country dirt roads that wind through lush, green valleys. There are many modern new home developments that include many diverse residential options, retirement communities, boating and yacht harbors, medical offices and services, business centers and well planned large commercial retail centers and malls.

Bougainvillea is the answer for Drought Resistant Color

Three colors of bougainvillea adorn a fence in...

Three colors of bougainvillea adorn a fence in the Miracle Mile district of Los Angeles, California, United States (Photo credit: Wikipedia)

Nothing is more beautiful than the Bougainvillea scattered among the landscapes of Ventura County. This plant which is native to South and Central America is the perfect solution for colorful drought resistant specimens in either your private homes or commercial properties.

Just look at the variety of colors!

Just look at the variety of colors!

It comes in a variety of colors and can be pruned to simulate a small tree, a scrub or even ground cover.

Remember it likes the stress of drought, so do not water often, as you will stop  the flowers from blooming.

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Please Explain PMI

Home Purchase Private Mortgage Insurance is an insurance that will protect the Mortgage Lender.  The buyer will pay the premium. If you purchase a home and put 20% as a down payment, there is a 10%  difference between the down payment and the Mortgage Loan.  The lender wants a guarantee on that 10%  in case of foreclosure.  question

How much is PMI?  For simplicity,  here is a low ball example of how PMI words.

  • Home Purchase: $175,000
  • Loan amount $157,000
  • Insurer charges an annual premium of 0.49 percent
  • For an annual premium of $771.75
  • 12 monthly payments of $64.31 per month .

Now just multiply this up to get a pretty accurate month premium amount.
Note: Be sure and contact your lender when you reach 80%, as they must cancel the insurance. If not at 80% by Federal law they must at cancel at 78%.

Housing Prices Hit New High in March

Prices of new homes nationall are increasing sharply this year. The U.S. Department of Commerce revealed the median price nationwide for new homes was $290,000 in March, which is an 11.2 percent jump between February and March of 2014.

Housing Expert Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), attributes the rising prices to the low supply. “Housing inventory remains at a historically low number. Slowly we’re seeing more houses on the market, but as of now it’s still a low supply compared to the past,” says Frommeyer. “With fewer houses on the market, sellers can keep their prices high as the demand is still there.”

In addition, more lenders are easing restrictions in an attempt to encourage buyers even though prices remain high. “The buying landscape is changing and lenders are starting to accept lower credit scores with reduced down-payment requirements.

It’s a way to encourage house and mortgage sales and help continue the housing recovery,” continues Frommeyer. Housing Prices Hit New High in March Supply Decreases, Prices Rise   The U.S. Department of Commerce revealed the median price for new homes was $290,000 in March, which is an 11.2 percent jump between February and March of 2014.

Housing Expert Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), attributes the rising prices to the low supply. “Housing inventory remains at a historically low number. Slowly we’re seeing more houses on the market, but as of now it’s still a low supply compared to the past,” says Frommeyer. “With fewer houses on the market, sellers can keep their prices high as the demand is still there.”

In addition, more lenders are easing restrictions in an attempt to encourage buyers even though prices remain high. “The buying landscape is changing and lenders are starting to accept lower credit scores with reduced down-payment requirements. It’s a way to encourage house and mortgage sales and help continue the housing recovery,” continues Frommeyer.

Recent housing numbers have revealed that while sales numbers have not been high, prices of new homes are increasing sharply. The U.S. Department of Commerce revealed the median price for new homes was $290,000 in March, which is an 11.2 percent jump between February and March of 2014. Housing Expert Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), attributes the rising prices to the low supply. “Housing inventory remains at a historically low number. Slowly we’re seeing more houses on the market, but as of now it’s still a low supply compared to the past,” says Frommeyer. “With fewer houses on the market, sellers can keep their prices high as the demand is still there.”

In addition, more lenders are easing restrictions in an attempt to encourage buyers even though prices remain high. “The buying landscape is changing and lenders are starting to accept lower credit scores with reduced down-payment requirements. It’s a way to encourage house and mortgage sales and help continue the housing recovery,” continues Frommeyer.

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