Money Monday: How to improve credit scores

10 ways home buyers can improve credit scores

Source: Inman

credit scorePotential home buyers looking to acquire a home loan and make their dream of homeownership a reality can do a lot to ensure their credit scores are in good shape, as buyers will find it easier to get a loan with a few key tips. For example, it is advised that you keep your credit card balances within half of the allowed limit. If you have $10,000 as your limit, then it is wise to restrict your statement amount to $5,000.

Paying in full and on time are obvious steps to improving credit as well, as is paying high-interest and small loans first. Another step is if you know you will be unable to pay on time, negotiate with your bank.

Banks often will be willing to extend your loan period and reduce the equated monthly installment (EMI) if they see a genuine customer.

Read the full story from Inman here.

San Diego county activities and events this weekend

San Diego County Events for July 22 – 24

San Diego County has much to offer this weekend: family activities, free events, and fun festivals!


Sundays at Six concert series

Every year, La Mesa Park and Recreation Foundation puts on some free family fun with their Sundays at Six concert series. This Sunday is the last concert; it begins at 6pm, with Big Band Ambassadors — big band style concert!

When: Sunday, July 24 | 6 – 7pm
Where: Harry Griffen Park | 9550 Milden Street, La Mesa
Cost: Free
More information: www.cityoflamesa.com/409/Events-Activities


Cine Carretera! Free Summer Outdoor Latino Film Series on the Boulevard

CINE CARRETERA! A Free Summer Outdoor Latino Film Series on the Blvd! Saturday – July 23rd & 30th 2016. They’re taking over a vacant lot & making it into a vibrant space for film, art, music & community gatherings!

When: Saturdays — July 16 – 30 | 7pm
Where: 4050 El Cajon Blvd, San Diego, CA 92105
Cost: Free
More information: www.facebook.com/events/291554044513691/?notif_t=plan_user_invited&notif_id=1466708044918683


Movie in the Park

La Mesa is offering a free movie in La Mesita Park: Big Hero 6!

When: Friday, July 22 | 8pm (but arrive early to get a good spot)
Where: La Mesita Park | 8855 Dallas Street, La Mesa, CA
Cost: Free
More information: www.cityoflamesa.com/DocumentCenter/View/8894


San Diego Beer Fest

The 6th annual San Diego Brew Fest returns to Liberty Station, and promising another fun filled day with beer, food trucks, and music. The event will feature dozens of local local and international craft beers, as well as San Diego’s most popular food trucks (food sold separately).

Admission is $40 for general admission (2pm to 5pm) and $50 for VIP (1pm to 5pm) and include the beer tastings.

When: Saturday, July 23 | 1 – 5pm
Where: Liberty Station
Cost: $40 – $50
More information: San Diego Beer Fest


Gourmet Food Truck Festival

Bring your appetite for the tastiest food on wheels when the 6th annual Gourmet Food Truck Festival comes to Del Mar. Enjoy a variety of some of the hottest eats in Southern California as 40 food trucks are expected, all in one location, with gourmet chefs serving their eclectic bests at super prices (most items $6 to $10).

When: Saturday, July 23 at noon
Where: Del Mar Fairgrounds | 2260 Jimmy Durante Boulevard, Del Mar, CA
Cost: Free – $6
More information: www.delmarfairgrounds.com

Homebuyer Challenges

Potential homebuyers can face challenges to buying a home.

What difficulties to they face?

  • Saving for a down payment (need help on saving/not spending as much? Check out my Money Monday posts!)
  • Lack of houses for sale (real estate inventory)
  • Difficulty getting financing and credit
  • Personal debt (I have some tips in my past Money Monday posts!)

BuyerRoadblocks

 

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Money Monday: Time to Refinance Your Mortgage?

Time to Think About Refinancing Your Mortgage?

Source: NY Times

refinancing your homeDue to shifts in global bond markets, the average interest rate on a 30-year fixed-rate mortgage was 3.49 percent Monday, which is down from 4.2 percent a year ago and 3.9 percent at the start of 2016. As a result, now may a good time to check the rate on your home mortgage, because borrowers could save money by refinancing. For that, American homeowners can thank British voters, central banks in Europe and Japan, and a global economy that just can’t get out of first gear. Furthermore, mortgage rates could fall further in the weeks ahead as banks start to pass more of the savings from low rates in the bond market through to customers.

Read the full story here.

San Diego county activities and events this weekend

San Diego County Events for July 15 – 17

Lots to do this sunny San Diego weekend! Check out: La Mesa’s free concert, the Over the Line competition, Latino Film Series, vintage market, and Imperial Beach’s Sun & Sea Festival. And if these aren’t enough events, check out my list of the top 20 must-do activities to do in San Diego here!


Sundays at Six concert series

Every year, La Mesa Park and Recreation Foundation puts on some free family fun with their Sundays at Six concert series. This Sunday’s concert begins at 6pm, with SILVERMINE – Classic Rock/Pop.

When: Sunday, July 17 and Sunday until July 24 | 6 – 7pm
Where: Harry Griffen Park | 9550 Milden Street, La Mesa
Cost: Free
More information: www.cityoflamesa.com/409/Events-Activities


63rd Annual World Championship OTL | Over the Line

“Hosted each July by the Mission Bay Athletic Club (OMBAC), the annual sporting and merrymaking event typically draws about 1,200 teams from around the world to Mission Bay to partake in OTL, a bat and ball sport first played in Mission Beach in the 1950s” (nbcsandiego.com). Over The Line is a public event and requires no ticket or entrance fee to watch the games and enjoy the tournament. This weekend is the second and last weekend of OTL.

When: July 16 & 17 | each day begins at 7:30am until close to sunset
Where: Fiesta Island, Mission Bay Park, San Diego, California
Cost: Free to watch!
More information: www.ombac.org/over-the-line


Cine Carretera! Free Summer Outdoor Latino Film Series on the Boulevard

CINE CARRETERA! A Free Summer Outdoor Latino Film Series on the Blvd! Saturdays – July 16th, 23rd & 30th 2016. They’re taking over a vacant lot & making it into a vibrant space for film, art, music & community gatherings!

When: Saturdays — July 16 – 30 | 7pm
Where: 4050 El Cajon Blvd, San Diego, CA 92105
Cost: Free
More information: www.facebook.com/events/291554044513691/?notif_t=plan_user_invited&notif_id=1466708044918683


Junk in the Trunk Vintage Market

More than 100 vendors selling vintage, antique and handmade goodies with gather at Liberty Station (2870 Dewey Rd.) both Saturday and Sunday for the Junk in the Trunk Vintage Market.

When: Saturday & Sunday, July 16 & 17 | 9am – 4pm
Where: Liberty Station | 2870 Dewey Rd., San Diego
Cost: Free
More information: junkinthetrunkvintagemarket.com/markets/san-diego-market


2016 Sun & Sea Festival

Being dubbed, “The Original Imperial Beach Sandcastle Competition,” the 2016 Imperial Beach Sun & Sea Festival will feature world-class sandcastle sculptors creating some of the best sand creations on the West Coast as well as a community parade and pancake breakfast, live music, children’s craft activities, a the Kids n’ Kastles competition, Farmer’s Market and International Food Fair. View the whole schedule here.

When: Friday, July 15 at 8am and Saturday, July 16 at 7am
Where: Portwood Pier Plaza |10 Evergreen Ave, Imperial Beach, Ca 91932
Cost: Free
More information: www.kpbs.org/events/2016/jul/16/2016-sun-sea-festival/?et=65902

Money Monday: Amazon Prime Day

Amazon Prime Day is a yearly, one-day sale for July 12, 2016 only.

Amazon_Prime_logo

This Amazon Prime Day will reportedly have the biggest deals and largest selection of any previous Prime Day.

New deals will be offered as often as every 10 minutes, with the deals divvied up into three different categories:

  1. Prime Day Spotlight Deals – these will be available until stock runs out
  2. Amazon Deals – these have a set number of stock and a set amount of time at their deal price (and 30% of the deals will be from independent businesses)
  3. Prime Savings and Deals – these will run the whole day

Keep in mind that you must have an Amazon Prime account (or set up a free trial one) — and if you plan on continually checking the site, install their mobile app.

Read up on more to expect from Amazon Prime Day here.

San Diego county activities and events this weekend

San Diego County Events for July 8 – 10

San Diego County has to be one of the best places to enjoy the summer: great weather, sunny beaches, and great events and activities every day of the week!


Great American Foodie Fest

Over 50 of the nation’s best food trucks and specialty food vendors! Carnival rides, beer garden, eating contests, and live entertainment.

When: Friday – Sunday, July 8 – 10 | Fri 7/8 4pm – 10pm | Sat 7/9 11am – 10pm | Sun 7/10 11am – 8
Where: Qualcomm Stadium | 9449 Friars Rd, San Diego, CA 92108
Cost: $12
More information: greatamericanfoodiefest.com/san-diego-foodie-fest


63rd Annual World Championship OTL | Over the Line

“Hosted each July by the Mission Bay Athletic Club (OMBAC), the annual sporting and merrymaking event typically draws about 1,200 teams from around the world to Mission Bay to partake in OTL, a bat and ball sport first played in Mission Beach in the 1950s” (nbcsandiego.com). Over The Line is a public event and requires no ticket or entrance fee to watch the games and enjoy the tournament.

When: July 9 & 10, and July 16 & 17 | each day begins at 7:30am until close to sunset
Where: Fiesta Island, Mission Bay Park, San Diego, California
Cost: Free to watch!
More information: www.ombac.org/over-the-line


South Park Summer Walkabout

The South Park Walkabout is a quarterly fun-filled evening festival that showcases all the unique and independent businesses within South Park. Enjoy complimentary treats, live entertainment and special offers. The Walkabout highlights both the south and north end of the South Park business district.

When: Saturday, July 9 | 6pm
Where: 30th St and Kalmia St, San Diego, CA 92104
Cost: Free
More information: South Park Walkabout


Sundays at Six concert series

Every year, La Mesa Park and Recreation Foundation puts on some free family fun with their Sundays at Six concert series. This Sunday’s concert begins at 6pm, with Sonic Epidemic – Horn Tunes of the 70’s .

When: Sunday, July 10 and every Sunday until July 24 | 6 – 7pm
Where: Harry Griffen Park | 9550 Milden Street, La Mesa
Cost: Free
More information: www.cityoflamesa.com/409/Events-Activities

Money Monday: Brexit and U.S. Homebuyers

Why Brexit is great news for U.S. homebuyers

“It’s now even cheaper to get a mortgage.

“The average rate of a 30-year fixed mortgage dropped to 3.48% — the lowest level since May 2013, according to Freddie Mac. A year ago, the rate was 4.08%.

“The drop comes in the wake of the U.K.’s decision to leave the European Union. The historic vote sent the yield on the U.S. 10-year Treasury, which serves as benchmark for consumer loans, tumbling to 1.45% this week…”

Read more of this article from CNN Money here: “Why Brexit is great news for U.S. homebuyers“.