Carlos Almendares - Real Estate & Mortgage Advisor

Carlos Almendares -  Real Estate & Mortgage Advisor A Direct Lender helping homeowners Refinance there home and assisting First time home buyers and investors on New Purchases.

Carlos has lived in San Clemente, CA for almost his entire life. He is very familiar with the Real Estate in Orange County and surrounding areas. Carlos has been raised and influenced in a very large family full of Real Estate Investors and Realtors. Ever since a young age, Carlos has always had a passion for Real Estate and knew that his long term career will be in Real Estate. After his 4 year honorable commitment in the United States Navy, Carlos started his own business, earned a Business Marketing degree from California State University, Fullerton and his California Real Estate license. After graduating from a Cal State Fullerton, Carlos was given an opportunity to learn and work in the Mortgage industry. He was hired on and fully trained by one of the Nation's largest Direct Lender as a Mortgage Loan Originator. He has successfully passed all 24 state licensing exams and has fully executed all tasks as a Loan Officer. Carlos studies lending guidelines and stays current to market conditions and new laws and regulations. Carlos is very familiar with the following guidelines for: FHA, Fannie Mae, Freddie Mac, VA, and Jumbo products; including ARM products. I strongly believe in excellent customer service with highly competitive products and product knowledge. This is my formula for a happy customer, repeat business and earn referrals. I treat all of my clients the way I want to be treated, with Professionalism and Honesty. He is now working at the Executive Office for AmeriFirst Financial with The Rodriguez-Hazard Team located in the Old Historic City Hall building on Del Mar and El Camino Real in beautiful San Clemente, CA. Carlos and his team have all the products needed for purchasing and refinancing residential properties. He also has all the marketing tools needed for Realtor's to make them more successful and help market there themselves and there listings. Feel free to stop by Carlos' office and meet him in person or feel free to call. NMLS# 981383


How to finally pay off your mortgage.

There's are simple ways to speed up paying off your mortgage.

Nearly 90 percent of all homeowners have 30-year, fixed-rate mortgages, according to Freddie Mac. It makes sense why - a home is the single largest purchase most adults will ever make in their lives. Spreading out payments over three decades not only allows you to have an affordable monthly payment but also gives you enough room in your budget for other expenses that come with homeownership, like property taxes and maintenance.

But when you sit down and really think about paying off a loan that big for that much time, you start to realize just how many thousands - if not tens of thousands - of dollars you're wasting on interest payments that go directly into the bank's coffers.

7 ways to pay off your mortgage faster

Fortunately, there is a simple way you can speed up that process.

If you have a higher income or more cash on hand than when you applied for your loan - or simply want to own your home outright in less time - you can make additional principal payments each month to pay off your mortgage faster.

Before you make any changes to your payment schedule, however, find out if there are any prepayment penalties associated with your loan. In most cases, these penalties apply if you pay off your entire mortgage balance in a short period of time - three to five years - but can also be assessed if you pay off a significant chunk of your balance at once. Not all mortgages have prepayment penalties - if there is one attached to your loan, you agreed to it when you closed on your home. Check with your lender if you're unsure.

If you decide that it is in your best financial interest to pay off your mortgage early, here are eight strategies to help you get there.

1. Make biweekly payments

With most loans, including your mortgage, the likely default is to make a single monthly payment, or 12 payments per year. If you split that monthly total in half and make a payment every two weeks, you can actually pay down your loan more quickly and save a significant amount in interest.

Here's how it works: Because there are 52 weeks in a year, a biweekly schedule adds up to 26 payments - the equivalent of 13 monthly payments in the same amount of time.

For example, let's say you have a 30-year, $250,000 loan with 4% interest.

If you make 12 monthly payments versus 26 biweekly payments, you'd save $27,381 and cut four years off your term by switching from monthly to biweekly payments.

Before you switch to biweekly payments, find out if your lender offers this plan, whether they use a third party to manage it and if there are any setup or transaction fees that could offset any interest savings. In 2015, the Consumer Financial Protection Bureau sued a national mortgage lender for misrepresenting fees and savings opportunities to consumers who enrolled in their "Interest Minimizer" biweekly payment program.

Even if your lender doesn't offer a specific biweekly payment program, you could make a single additional payment each year, or divide that extra payment into your existing 12-month plan.

2. Pay extra on your loan principal each month

Another strategy is to make higher payments each month and put the extra toward your loan principal, which will significantly reduce the time it takes you to pay off your mortgage as well as the amount of interest you owe.

But you have to explicitly tell your lenders to apply your extra payments to your principal vs. your interest. Notify your lender via phone call or a written letter of instruction to put that extra cash toward your principal. Some lenders may make it easier than others, including an option on your monthly bill to apply the payment to your principal.

"You must let the company know that you are applying it to your principal, otherwise it will come through as a prepayment," said Lucas Casarez, a certified financial planner and founder of Level Up Financial Planning in Fort Collins, Colo. "They tend to start pooling that money and applying it toward your next payment."

3. Refinance into a shorter term loan

Refinancing into a shorter loan term is perhaps the most straightforward way to speed up paying off your mortgage - but there are caveats. How it works: If your original loan has a 30-year term and you have 25 years remaining, refinancing into a 15-year term means you pay off your mortgage 10 years faster than you originally planned.

When you refinance from a 30-year to a 15-year loan, your monthly payments increase, but you pay down your principal more quickly without having to calculate special or additional payments - and you'll owe significantly less interest thanks to the compressed time frame.

Before you move forward with this option, consider that the process of refinancing is not free. You'll pay your closing costs all over again, including application, appraisal and attorney fees; a title search and credit report pull; and other fees required by your lender. Depending on your financial situation and how long you plan to stay in your home, refinancing may not be the best option.

4. Invest your extra cash

Instead of putting extra cash directly toward your home loan, invest it using a strategy as conservative or aggressive as necessary to produce a higher rate of return than your mortgage for the amount of time which you'd like to pay off your loan balance.

For example, you calculate that an extra $1,000 per month would result in your 30-year mortgage being paid off in 15 years - and you have the disposable income to afford that monthly expense. If you invest the extra $1,000 in a brokerage account, it's possible that in 15 years you'll have enough money to pay off your remaining mortgage balance with a substantial amount left over to put toward other financial priorities. That's assuming your investments will earn a higher return than your mortgage rate. If your rate is under 7% (a conservative estimate of annual market returns), it's possible that could be the case.

Markets are volatile and there are no guarantees that you'll get the rate of return you expect - you may even lose money. So why take the risk?

Steve Burkett, a certified financial planner with Palisade Investments in Bothell, Wash., says investing for wealth can do more than just help you pay off your mortgage faster. If your investments are in an accessible account, they can also serve as another type of emergency fund in addition to your standard savings account. Once you pay off your mortgage with this account, you could potentially have additional assets on top of owning your home outright.

"You can pay off your mortgage, still retain some control over your money along the way and then pay off your mortgage in one big payment when it suits you," he added.

5. Apply bonuses and tax refunds to your principal

If you don't have the cash flow to pay more on a biweekly or monthly basis, you can still make occasional extra payments toward your principal. For example, when you receive your tax refund or year-end performance bonus, allocate part or all of those funds for an additional mortgage payment. If you and your spouse or partner both receive bonuses, put one toward your loan and the other toward other financial priorities. If it's money you aren't counting on in your day-to-day budget, direct it straight into debt repayment or investments.

Again, like in the examples above, ensure any extra payments are put toward your loan principal.

6. Round up your monthly payments

Another option that will likely have a minimal impact on your budget is to round up your monthly mortgage payment. Marguerita M. Cheng, a certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Md., works with clients who add a few extra dollars to their electronic payments or simply round up their monthly mortgage checks.

"I've seen clients do as little as round up from $1,810 per month to $1,900, to as much as an extra $1,000 per month," she said.

7. Switch up your budget

Most debt repayment strategies require careful budgeting and prioritization to determine how to allocate available cash. Your mortgage is no different - if you wish to make additional payments and close out your loan more quickly, take a hard look at your spending to see if there's a way to make more or cut back on expenses. Cancel one of your streaming subscriptions, dine out less and, if you have the space, consider taking on a roommate to help offset your monthly mortgage payment.

Experts agree that just because you can pay off your mortgage early doesn't mean you should. If you have the cash to make extra payments but lack an emergency fund, aren't maxing out your retirement contributions or have other higher-interest debt - credit cards or student loans - then it may make more sense to direct those funds elsewhere.

In addition, interest rates for many homeowners are already very low, so you should calculate the cost of borrowing for each form of debt to help determine whether paying down your mortgage is the highest priority.

"This is the cheapest borrowing we've had in a long time," said Darin Shebesta, a certified financial planner and vice president of Jackson/Roskelley Wealth Advisors in Scottsdale, Ariz. "Can you go out and be more productive with that money? My argument is that you can - the lower your borrowing cost, the more compelling it is to invest the extra."

Before you move forward with any of these strategies, consult your lender and your financial planner to determine if paying your mortgage off early is the best step for you.

"The biggest thing is the emotional aspect," said Casarez. "I recognize there's a lot of emotion around paying off a mortgage and owning your home completely outright - it depends on what else is going on at that time."


Today our U.S. 30 year Treasury Bond hit an ALL-TIME record low in early trading. If you're Refinancing or Buying a home, I Recommend that you lock in a rate today!!!
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I need a motivated Realtor to help sell my Aunts Custom Home in Lake Elsinore with Lake Views.

Call me at 949-870-5660 so i can provide you with the details and her requests. Thank you!


Rates are moving on up!

Daily Market Update:

Rates Currently Trending: Higher
Yesterday's MBS market was worse by -42 bps. According to Sigma Research there was high volatility. This morning the MBS market is continuing the downward slide (worse rates).

Today's Rate Forecast: Higher
Sigma Research says that the elements that pushed interest rates lower have changed, at least for the moment; the dollar is softening, crude oil is increasing and recent data from Europe has been better than expected. Weekly claims at 8:30 AM EST were a little better than expectations but overall not deviant. This is starting a potential trend reversal in interest rates. We're not there yet, but we are headed in the wrong direction.

Today's Potential Rate Volatility: High
According to Sigma Research the risk for volatility is high today. We had couple of days of average volatility and now we're back to the new normal. The good news is that volatility has been in the right direction before yesterdays move.

Bottom Line:
If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.


Quotes of the Day:

A woman uses her intelligence to find reasons to support her intuition.
-Albert Einstein

The difference between the impossible and the possible lies in a person's determination.
-Vince Lombardi

None are so old as those who have outlived enthusiasm.
-Henry David Thoreau


Quotes of the Day,

Don't be afraid to start over. It's a brand new opportunity to rebuild what you truly want.
-Author Unknown

Our lives are defined by opportunities, even the ones we miss.
-F. Scott Fitzgerald

Do all the good you can, to as many people as you can, as often as you can.
-Author Unknown


Quotes of the Day,

Most people never run far enough on their first wind to find out they've got a second.
-William James

The tragedy in life doesn't lie in not reaching your goal. The tragedy lies in having no goal to reach.
-Benjamin Mays

One of the secrets of life is that all that is really worth the doing is what we do for others.
-Levi Strauss


Quotes of the Day,

Someday is not a day of the week.
Denise Brennan-Nelson

The more I want to get something done, the less I call it work.
Richard Bach

A year from now you may wish you had started today.
Karen Lamb


Quotes of the Day:

"Forget all the reasons why it won't work and believe the one reason why it will."
-Author Unknown

"Quiet people have the loudest minds."
-Stephen Hawking

"Nothing is stronger than habit."


Quotes of the Day,

"Life isn't about finding yourself. Life is about creating yourself."
-George Bernard Shaw

"In three words I can sum up everything I've learned about life: it goes on."
-Robert Frost

"There are things that we don't want to happen but have to accept, things we don't want to know but have to learn, and people we can't live without but have to let go."
-Author Unknown

Have an FHA loan? I can now help you with a Streamline Refinance to reduce your Mortgage Payments by reducing your Mortg...

Have an FHA loan? I can now help you with a Streamline Refinance to reduce your Mortgage Payments by reducing your Mortgage Insurance. Call me to find out more at 949-870-5660

Only YOU can create YOUR happiness

Only YOU can create YOUR happiness

Rates are low! Now is the time to get off the fence and take advantage of today's low rates. Call me today to refinance ...

Rates are low! Now is the time to get off the fence and take advantage of today's low rates. Call me today to refinance for a lower rate, remove PMI or consolidate debt into a low rate!
Call/Text- 949-870-5660

Timeline Photos

Timeline Photos


Below is a recap of our current Orange County Real Estate Marketplace, effective 1/19/2015 versus one year ago.

Resale Homes +.9%, Resale Condos +4.8% and New Home Sales +22.7%
All totaled, OC home values are up 3.7% versus last year

Sales Volume
Resale Homes -.2%, Resale Condos -4.2% and New Home Sales -29.6%
All totaled, OC sales volume is down 6.8% versus last year

Median Home Price is $591,000 up from $570,000 a year ago
Sales Volume is down slightly, 2,880 versus 3,089 a year ago
Average Home Payment is $2,807.00 down from $2,537.00
Inventory is down from 5,000 to 6,010 just one month ago
Mortgage Defaults, 385, down 5.5% versus one year ago
Foreclosures, 97, are down 3% versus one year ago
Average Days on Market 3.38 months (112 days)
OC Buyers must have $130,000 income to buy a medium priced home (NBAOR)
OC is the 2nd worse in home affordability in the nation’s top 100 metro areas (Trulia)

Interest Rates
30 year fixed Mortgage rate is currently 3.66%, down big versus one week ago
15 year fixed rate is 2.98%, down versus one week ago (lowest since 5/2013)
The refinance boom is on, applications up 49% versus one week ago
Adjustable Rate Mortgages are on the rise, HELOC’s are back!

Generation Y is ready to buy (born between 1980-2000)
Senior Housing (55+) in demand, OC short in supply
US home sales forecasted to rise 9% in 2015 (CoreLogic)
New Housing Starts to rise nationwide (1m), highest level since 2007
OC Home prices forecasted to rise 5.2% (Cal. Assoc. of Realtors)
Boomerang buyers are back, buyers who now have credit after a short sale
First time buyers represent only 33% of home sales, lowest since 1987
$1m+ home now represent 27.3% of all OC home listings
Equity sales account for 95% of all OC transactions


65 Enterprise
Aliso Viejo, CA

Opening Hours

Monday 08:00 - 20:00
Tuesday 08:00 - 20:00
Wednesday 08:00 - 20:00
Thursday 08:00 - 20:00
Friday 08:00 - 20:00
Saturday 08:00 - 20:00
Sunday 08:00 - 20:00


(949) 870-5660


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