Gregg Knight

If you are looking for the best paper shredding company in Mission Viejo, California which is located in Orange County then look no further than Green Monster Shredding. I have had the priviledge of knowing the owner, Shea Mutziger for more than 20 years when he and I were young Police Officer's together. Actually I just referred Green Monster Shredding to the manager of a Mortgage Bank and they called me to tell me that Green Monster Shredding is the best paper shredding company in Mission Viejo. Take a tour of the best paper shredding company in Irvine and see for yourself why Green Monster Shredding is the only choice in professional paper shredding in Mission Viejo, California that you should consider.

From individuals to large corporations, the generation of documents containing sensitive and confidential information is extraordinary. It is often times impossible to tell exactly what information could be dangerous to allow into the wrong hands. Document destruction by the best paper shredding company in Mission Viejo is the only safe way to protect yourself, your company, and your employees from fraud and identity theft.

Any and all documents that contain sensitive or informative data should be shredded by the best paper shredding company in Mission Viejo. Below is a small list of data types that are included in potentially harmful data. The data itself is not dangerous, however if captured, it can be used to generate severe damage to your property and assets, along with business and personal relationships. Any documents that contain information about you or your business, regardless of how unimportant it may seem, must be shredded by the best paper shredding company in Mission Viejo. When I asked Green Monster Shredding what a person should shred, here is what the best paper shredding company in Mission Viejo advised. Here is What We Shred:

• Credit card applications (approved)
• Documents that carry a signature
• Utility Bills
• Tax Forms
• PAYE Information
• Bank Statements
• Cancelled Checks
• Insurance documents
• Expired Identification Cards
• Cash-point Receipts
• Telephone Bills
• Old Cards/ Passports
• Legal Documents
• Purchase receipts (expired)
• Playing cards
• Confidential Medical Record

Why would you agree on a 30 year mortgage with 30% down when you could pay off your home using a 15 year loan and save $545,760 using the same 30% and employing a better strategy for you and your family? I'll tell you why.... the loan officer you were working with didn't have the training that the top 1% do.

Borrow Smart/ Repay Smart

Whether you are purchasing your first home or refinancing your existing mortgage there are some very important questions that need to be answered. Questions such as: What are your goals for your home? Do you plan on retiring in this home or selling it or renting it out in the next 5-7 years? How much of an income tax refund do you receive from Uncle Sam each April? How much other debt such as cars and credit cards do you have and what are the monthly payments associated to that debt? The answers to these questions should determine the type of loan you choose.

Here’s an example how a couple decided to pay off your home using a 15 year loan and save $545,760 simply by answering the above questions. More importantly they did it without working overtime or changing their lifestyle. Initially their objective was to get the lowest 30 year fixed interest rate that was possible and possibly pay off their other monthly debt. They currently owed $380,000 with a 30 year fixed interest rate of 5.375% on their $600,000 home. The monthly payment on the mortgage equaled $2128 per month. They owed $37,000 in other debt such as credit cards and a used car loan with payments of $484 per month. They receive about $5040 every April from Uncle Sam in form of an income tax refund. In total, they were paying $2612 per month on $417,000 of total monthly debt and were unnecessarily over paying Uncle Sam $420 per month ($5040/12= $420 per month). This equaled $3032 per month.

After going through a “Borrow Smart/ Repay Smart” analysis and learning that they wished to retire in this home and pay it off as quickly as possible, here is what was structured. Obtained a new 15 year fixed loan at 3.75% with a monthly payment of $3032, the same monthly payments they were making on their total debt. They also adjusted their W-4 deductions with their employer so they were no longer overpaying Uncle Sam $420 per month. In conclusion, the couple could now realize their dreams of ‘owning’ their home in as little as 15 years without having to adjust their income or lifestyle. It was just a matter of adjusting where and how the payments were being allocated. In reality, the couple saved $220,000 on their mortgage payments alone but in essence they saved $545,760 in total payments. ($3032 x 30 years= $1,091,520 vs $3032 x 15 years= $545,700)
Without going through these discovery questions, the probability of someone unnecessarily and unknowingly wasting thousands if not hundreds of thousands of dollars over the next 15-20 years and beyond are very high. If it's time for you to know your options and pay off your home using a 15 year loan and save $545,760, call Gregg Knight today.

The author, Gregg Knight is a retired Huntington Beach Policeman and a 13 year Mortgage Professional nnd owner of www.ApprovingSocal.com. He is dedicated to serve the Police, Fire and Educational Communities. He lives in Orange County and can be reached anytime on his cell at 714.743.9909.

Always visit: http://www.approvingsocal.com for any refinancing needs or questions. The Gregg Knight Team is here to help!!!

What is Refinancing?
Refinancing is simply getting one loan to pay off another.

What does refinancing cost?
Typically, the closing cost of a refinance is between 1% & 2% of the loan amount, lender fees included. You may choose to pay points (see below) to lower your interest rate, or you could want to do a Low- or No-cost refinance. Contact us if you have any questions or would like to know more.

What are points?
Points (or discount points) are a way of lowering your interest rate. By paying 1% of the total loan amount up-front, a borrower can lower his interest rate by about 1/8%.

How does the APR differ from the interest rate?
The rate refers to what percentage of your loan you will pay in interest per month, whereas the annual percentage rate (APR) is an adjusted percentage that expresses the yearly cost and also includes certain charges and fees.

What are FRM & ARM?
The interest rate of a Fixed-rate Mortgage (FRM) will not change for the life of the loan. Alternatively, an Adjustable-rate Mortgage (ARM) will be subject to periodical interest rate adjustments based on interest rates around the country.

Should I modify my loan or apply for a refinance?
It depends. When you refinance, you may be able to get lower interest rates, but there are additional costs. On the other hand, a loan modification usually means extending the term of the loan and increasing the interest rate, but adding no other fees. Use our free mortgage calculator to compare what each might cost.

What's the 2% rule? Is it useful?
The 2% rule states that you should aim for a 2% lower interest rate in order to ensure that the savings generated by your new loan will off-set the cost of refinancing, provided you've lived in your home for 2 years and plan to stay for at least 2 more.

While this rule is useful as a point of reference, it shouldn't be adhered to strictly. If you think you will stay in your home for 5 or more years, for example even a 1% interest rate reduction will pay off for you. Additionally, with low- and no-cost refinancing options available, the cost of refinancing can be recovered much more quickly. Talk with us if you'd like to know more.

What is PMI?
PMI stands for Private Mortgage Insurance. Borrowers with less than a 20 percent down payment are required to carry this insurance as a means of protecting the lender against default.

Will I need to get an appraisal when I refinance?
Yes.

Does bad credit exclude me from a refinance loan?
Not exactly. When considering a refinance loan it's important to remember that the better your credit score the better interest rate you can get. So if you don't have perfect credit you can still qualify for a refinance loan but you'll want to make sure that you're lowering the interest rate on your loan enough to make a refinance worth it.

Do I need to have equity in my home to refinance?
Yes. The general rule is that you need to have 90% loan-to-value ratio before you can refinance. This means that your home is worth about 10% more than the loan that is current on the house. Additionally, your home will need to have increased in value since you purchased it.

Can I get cash from a refinance loan?
Yes. Depending on the type of refinance loan you opt for you can take out cash to use for bills, home repairs or whatever you might need it for. This option however should be carefully discussed with us. Please contact us today if you're interested in this type of refinance loan.

Can I "lock-in" an interest rate on a refinance loan?
Yes. Now is the time to refinance because interest rates are so low. You can "lock-in" your rate today by contacting us or applying.

How long does it take to go through the refinance process?
A typically refinance usually takes between 2 and 4 weeks. Getting your home appraised is usually where most hang-ups occur so if you can schedule a home appraisal right away than getting a refinance loan is usually very quick

Gregg Knight of ApprovingSocal.com felt it is important to share more informaton about the benefits of FHA loans as the industry has changed and continues to do so.

FHA Loans Allow a Blemished Credit History
If your credit is less than perfect, FHA might be the loan for you. The benefits of Fha is that you may qualify for a loan even though you have had financial problems.

• FICO scores can be lower than those for a conventional loan.
  
• Bankruptcy. You can obtain an FHA loan two to three years from the date of your bankruptcy discharge, as long as you've maintained good credit since your debts were discharged.
  
• Foreclosure. If you keep your credit in excellent shape since a foreclosure, an FHA loan will be available to you two to three years from the final date of your foreclosure.

FHA Loans Boast Competitive Rates & Terms
Today's terms are pretty straightforward. In fact, in many markets the rates and terms are better than those for 80% / 20% piggyback loans.

• There is little or no adjustment to the interest rate for an FHA loan, as the rates vary within .125 percent of a conventional loan.
  
• Mortgage insurance can be added or funded into the loan. The current rate of that MIP has changed from 1.5% to the reduced amount of 1%. The monthly premium did however increase from .55 to 1.15. In addition, a small portion for the mortgage insurance premium is added to the monthly payment, It used to be far less than private mortgage insurance premiums.
• As of January 1, 2011, Borrowers can finance 96.5% of the purchase price and put down 3.5 percent. In some instances, when combined with other types of loans, the down payment can be zero. For owner occupied properties, gift funds are allowable.
• Allowable debt ratios are higher than the debt-ratio limits imposed for conventional loans. We can even get someone into another FHA loan immediately upon closing a Short Sale as long as they have not had any Mortgage lates within the previous 12 months prior to the Short Sale.

FHA Loans Demand Fewer Repairs
At one point, FHA repair demands were so excessive that sellers would discount the list price to buyers who would agree to obtain conventional loans over FHA loans. Today the FHA repair guidelines appear more reasonable.

• Defective roofs that leak still need to be replaced but an older roof does not necessitate replacement if it doesn't leak. It will be determined by the inspection reports.
• Windows that stick upon opening or have cracked panes do not require replacement. That doesnt mean that it might not be a good idea to replace them but another example of the differences in FHA loans.
• FHA appraisals do not take the place of a home inspection, never have. Buyers should still obtain a professional home inspection.

FHA loans are available to anybody but are used most often by first-time home buyers and low- to moderate-income buyers. However, there are no income limit qualifications.

If you have any questions about FHA Loans and or how to get prequalified, please call or email "The Gregg Knight Team", or go to http://www.approvingsocal.com

Newport Beach is perfectly equipped to make the most out of your next beach vacation and California vacation. With the only harbor in Orange County, and the largest recreational harbor on the West Coast of the U.S., vacation attractions and activities are plenty here. From sunset cruises to surf lessons, wine tastings to walking tours, live entertainment and arts and cultural venues, Newport Beach allows you to create your own traveler experience or welcomes you to leave it in the hands of the very best hospitality professionals. Create lasting memories on idyllic California beaches, breathtaking seaside cliffs, harbor-front promenades or partake in a year-round calendar of sporting events, film festivals, boat parades, music series and food & wine tastings.

Balboa Performing Arts Theater Foundation

Since 1928, the Balboa Theater has been a treasured historic landmark, one that served countless visitors until closing its doors in 1992. Now, the Balboa Performing Arts Theater Foundation is conducting a capital campaign to renovate this legendary icon and transform it into a 320-seat multi-use for the presentation of music, dance, theater, film and performing arts education programs. The Foundation is charged with facility design, raising construction funds, and eventually managing the theater's daily operations.

Beaches & Parks

Named one of the cleanest beaches in the United States, Newport Beach is a paradise for beach-going visitors. With over 10 miles of beaches ideal for families, surfing, body boarding or just sunbathing, Newport is the ideal OC beach destination. Within our coastline find stellar views, waves and soft sands at Corona del Mar State Beach, Crystal Cove State Beach and Park, or in Newport Beach itself, along Balboa Peninsula or further north along Pacific Coast Highway. And if hiking trails and bird watching are part of your vacation plans, look no further than Newport's Upper Newport Bay ecological preserve and reserve and Crystal Cove State Park, with its picturesque Los Trancos and El Moro Canyons are coastal hiking trails that will not disappoint.