The PIN Magazine September 2017

SEPTEMBER 2017 Vol. 04 | Issue 9

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NAHREP NATIONAL CONVENTION AND LATIN MUSIC

FESTIVAL

HOW IMPORTANT IS BRANDING YOUR NAME IN REAL FHA LOANS AND ESTATE HUD HOMES, WHAT YOU NEED TO KNOW

ON THE COVER

DAISY LOPEZ-CID NAHREP’S NEW PRESIDENT ELECT

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ANY OF OUR PREVIOUS ISSUES THE PIN MAGAZINE

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REAL ESTATE

THE POWER IS NOW INC. Vol. 04 | Issue 9

Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow

EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703 Goldy Ponce Arratia Managing Editor Graphic Artist and Design Manager (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com Kim Collier Executive Director of Publishing (800) 401-8994 ext. 712 kim.collier@thepowerisnow.com

CONTRIBUTORS The Power Is Now Research Team

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the power is now

magazine CEO & Publisher Eric Lawrence Frazier, MBA 3739 6th Street, Riverside, CA 921506 Ph: (800) 401-8994 ext. 703 EDITORIAL Editor in Chief: Eric Lawrence Frazier MBA Managing Editor: Goldy Ponce ONLINE Web Designer: Design Box DESIGN Art Director & Design Manager: Goldy Ponce ADMINISTRATIVE Administrative Assistant: Kendra Gedeon

SALES National Sales Manager: Christina Kimble National Relationship Manager: Success Money HEADQUATERS The Power Is Now Inc. 3739 6th Street Riverside, CA 92506 Ph: (800) 401-8994 Fax: (800) 401-8994 Email: info@thepowerisnow.com www.thepowerisnow.com www.thepinmagazine.com PUBLICATION AND SERVICES The PIN Magazine The Power Is Now Radio The Power Is Now Publications The Power Is Now Radio Guide The Power Is Now VIP Agent Program The Power Is Now Power Consulting/Coaching The Power Is Now Association Management The Power Is Now Event Management

STATEMENT OF COPYRIGHT: The PIN Magazine™ is owned and published electronically by The Power Is Now, Inc. Copyright 2013-2017 The Power Is Now Inc. All rights reserved.

“The PIN Magazine” and distinctive logo are trademarks owned by The Power Is Now, Inc. “ThePINMagazine.com”, is a trademark of The Power Is Now, Inc. “Magazine.thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “Thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “The Power Is Now Event Management”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio”, is a trademark of The Power Is Now, Inc. “The Power Is Now Publications”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio Guide”, is a trademark of The Power Is Now, Inc. “The Power Is Now VIP Agent Program”, is a trademark of The Power Is Now, Inc. “The Power IS Now Power Consulting/Coaching”, is a trademark of The Power Is Now, Inc. “The Power Is Now Association Management”, is a trademark of The Power Is Now, Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now, Inc. Requests for permission should be directed to: info@thepowerisnow.com

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TABLE OF CONTENTS

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OUR COVER Daisy Lopez-Cid, New NAHREP’s President Elect

Green Hotels Are Growing

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This is a Seller’s Market

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Is the Tiny Home Phenomenon Worth the Investment?

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Current Causes For Depressed Homeownership in The U.S.

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Is Real Estate Affecting the Stock Market?

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What You Need To Know About FHD Loans and HUD Homes

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Latino GDP Outgrows U.S. Economy by 70 Percent

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Credit Relief - Robocall Ring Put Out of Business

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Leonardo Pareja, NAHREP President 2017

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Rising Home Prices in California

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California Water Law

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When Is The Best Time To Refinance?

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Branding Is The Key to Real Estate Success

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Everything You Need To know About The National Flood Insurance Program

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FEATURED STORY NAHREP National Convention & Latin Music Festival

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How To Save On Home Repairs

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Editor’s Letter...

D

ear Esteemed Readers,

I truly hope everyone is having a prosperous September.

Fall is right around the corner, and this year will soon be history; but what an amazing year this has been here at The Power Is Now. We are continuing to grow, and with that growth we are diligently working towards changing homebuyers into homeowners.

There is a lot on our plate, and I am excited to share a few things with you. One of the things to look out for is the launch of The Power Is Now Publishing. Since we are a place of resource for you, we decided to take that to the next level with a series of books coming your way. Our books will focus on everything from finding the best mortgage for your clients to an ultimate guide to purchasing your first home. These books will be additional resources for you and your customers.

Also this month, I will be attending the NAHREP convention in Dallas from September 9th-13th. This is an incredible conference that serves as a

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bridge to merge both Real Estate professionals and the ever-growing Latino culture in the United States.

I am honored to be able to participate in such a monumental event. Whether you are new to the Real Estate Industry or have many years of experience in your field, the NAHREP National Convention is a must-attend event. It will open incredible doors for you and your business, it will allow you to meet important key players and you will receive useful information throughout the three days. Be sure to attend this event if you can – you will not regret it.

session to create a greater collaboration of real estate agents throughout the United States. We are opening up our platform to be a resource to all real estate agents to market their homes.

If you are an agent and would like to be a part of this amazing marketing platform, please contact Christina Kimble at Christina.Kimble@ thepowerisnow.com or 800-401-8994 ext. 705.

This is a huge endeavor and something that is needed for agents all over the United States. So don’t wait, call us today. Spaces are filling up fast.

Thank you for your continued support and Speaking of useful information, in this issue readership. Our team is dedicated to you. We we discuss branding yourself as an agent and want the best from you, so we are dedicated to the importance of doing just that. We investigate bringing the best of us. Please take a moment and talk about FTC consumer fraud and how it and share this magazine. Knowledge is power, affects you and your business. We also talk in and The Power Is Now. detail about the rising home prices in California and which areas are being hit the hardest.

We have much more inside, so please do not hesitate – turn that page and take a look.

Lastly, I am excited to announce that coming this month The Power Is Now Marketing Sessions. Starting September 14th and continuing each Thursday after that, The Power Is Now is initializing a national marketing

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Eric Lawrence Frazier,MBA CEO The Power Is Now Inc.

9

IN GREEN

IS THE TINY HOME PHENOMENON WORTH

THE INVESTMENT? S

ustainability is a big word with an even bigger meaning. To live in a sustainable matter means taking care of the earth, and by doing so, taking care of one’s personal output into the world. In other words, it is to be friendly towards the environment.

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One issue regarding how people live nowadays, particularly in the U.S., is that there is not enough space or resources for everyone to have a 4-bedroom house or apartment. It is simply unsustainable, earth damaging, and egoistic, by some people’s opinions.

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As a result, a new empowering movement has come into the spotlight. The Tiny House Movement (also referred to as “Micro Houses,” “Compact Houses,” “Mini Houses” and “Little Houses”), rapidly emerged from the financial crisis in the U.S. during 2008-2012.

How tiny is tiny?

Tiny Houses range in dimensions. Some can be 100 square feet while others can be up to 500 square feet; the size usually remains within these margins. It all varies according to the homeowner. You read that right: homeowner.

The main principle behind the

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Tiny House Movement is that people should be able to afford the houses they live in.

Therefore, resizing everything does not count as an important struggle when it comes to this movement. In general, individuals who choose this type of living are quite happy to downsize everything they own to be the owners of property, something they could not even think about ten years ago.

Tiny house versus big difficulties It can be argued that the Tiny House is one of the most important architectural, social, cultural, economic, and political movements that has emerged during the last couple of years. In general, it cuts against the wellestablished cultural belief that a massive house means massive power and a higher social status.

One difficulty of a tiny house, though, is finding a fitting placement for the house. Even though these types of houses do not require

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much land, in some states regulations require a minimum square footage on rural residencies, making it difficult for people to find a perfect place to install their houses. Moreover, it is getting harder and harder to find an area in cities, even though this type of living is rapidly growing in places such as California, Colorado, Florida, and Texas.

Similarly, there is a hidden concern by authorities to allow this type of living, because a small house comes with small energy costs and lower taxes and are overall less expensive to build and maintain than a larger house.

This can cause a serious problem because, again, it cuts against the prevalent status quo of not only society but also the corporations in charge of a massive part of an individual’s yearly salary.

Yes or no?

As of 2017, the Tiny Home phenomenal represents a great investment due to several

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reasons. First, it is a financially viable option for those people who would not be able to afford a much larger house, creating a space for them on the property ladder; this means that a number of people renting a house – or worse, living with family members due to lack of savings or opportunities, are now capable of having their own mindfully created space, working alongside the principles of sustainable living and ecological and economic welfare.

Second, there is another group of people who will find a benefit to this trend: the owners of the land. They are adequately renting out a piece of their property, sometimes to multiple tiny homeowners, thus consistently making a profit out of this new business. For them, electricity and water needs would be less than average, as the owners of the tiny houses usually install eco-friendly, energy-efficient facilities and produce minimal waste on their lands. And if things do not work out, they could always ask the owners of the houses to move off of their properties, as most tiny homes have wheels which allow them to move about the country.

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Lastly, tiny houses are an improvement to your personal and spiritual life. Without having to worry too much about other superficial stuff (such as, how to fill in all the blank space you would have in a considerably larger house), you can use this time to invest in and serve your community. Overall, it is a win-win-win situation with this movement!

References: http://www.huffingtonpost.com/marko-rubel/ is-the-tiny-house-market-_b_6882688.html http://www.greenresidential.com/the-tinyhouse-trend-is-it-worth-investing/ http://www.futuristspeaker.com/businesstrends/why-the-tiny-home-movement-maynot-be-so-tiny/

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IN GREEN

GREEN HOTELS ARE GROWING T

he color green has followed an interesting trend over the last couple of years. Green housing, green market, green living, green hotels‌ Ok, ok, you get the point. But wait. What exactly is a green hotel? A lovely hotel with lots of green space? A hotel in the middle of the jungle? It is those things and more. Continue reading to discover the magic

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of green hotels!

Within the hospitality field, creating a green hotel means that everything involved has been carefully thought of, partly because it introduces programs that are cautiously designed, sustainable, and overall more gentle on their neighboring surroundings, environment, and communities, in contrast to a regular hotel.

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Best PR ever Creating a green hotel creates positive press, especially since the United Nations proclaimed 2017 as the International Year of Sustainable Tourism for Development . The goal is to redirect the travel industry to a more positive, greener consciousness, forging a direct link between the industry, the clients, and the environment. Furthermore, a recent survey performed by TripAdvisor.com shows that nearly two-thirds of travellers in the U.S. often or always consider the environment when choosing hotels, transportation, and

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meals. This means that people are interested in booking their holidays in places that offer small scale production, local control of resources, and environmentally friendly initiatives, thus increasing growth for green hotels.

There is even a Green Hotels Association that has created a comprehensive 161page Guidelines and Ideas book. Once the prospective hotel signs up, they will receive a manual is packed with options, techniques, and ideas on how to reduce bills and how to decrease the impact a hotel has on its location.

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Ecology + People = Green Hotels The darker side of green There has been, however, negative aspects when it comes to green hotels. From direct environmental impacts to people-orientated impacts, the reality is that some areas should be discussed to avoid ma jor and more complicated damages in the long run. Eco-hotels or green hotels, are usually intended for small groups of people. Whether because of the elevated price they charge, or because the installations they hold have been constructed to serve only a few people at a time, even the shortest of stays can put extra pressure on both the local community and its environment.

In addition, most green hotels are owned or invested in by foreign individuals or corporations – meaning that the reinvestment in the local economy or the local people decreases significantly because issues like poverty or unemployment have not been addressed correctly, leading to a breakdown of trust within the community.

cultural diversity; and help create improve environmental awareness.

As a result, green hotels have risen in popularity in the tourism industry, proving that there has been a change in the way of thinking of both the responsible people behind the management of hotels and the travellers.

However, in-line with the traditional values of capitalism, hotels (even the green versions) continue to be consumers of goods. They still produce waste and use natural resources. So even though it is a remarkable path to take, green hotels must still find ways to reduce the negative output they are responsible for if they want to truly do honour to their names. They should make great commitments to travelers and to their local communities to ensure the education and practice of environmentally friendly procedures, because at the end of the day, this is the only planet we have!

References: Is green here to stay?

Green lodgings are environmentally friendly because they introduce regulatory measures to save in areas like water, solid waste, food production, and food consumption. They also direct relationships with their local communities; tend to educate travellers on recycling, conservation of biological and

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1. h t t p : // w w w . u n e s c o . o r g / n e w / e n / brasilia/about-this-office/prizes-andcelebrations/2017-international-year-ofsustainable-tourism/ 2. https://tripadvisor.mediaroom.com/US-inthe-news?item=30166 3. http://www.greenhotels.com/

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� Exclusive areas/territories for all agents. Once an area is assigned a territory it is permanently close unless the agent leaves the company. � Exclusive Management opportunities for Brokers for California Counties and Cities. � Unmatched compensation model for managers and directors. � Teams are welcome and can maximize their income with 100% of the GCI.

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management Free Coaching and Business Planning Free Lead management and follow up support Free Online & In house Transaction Management Fee Business Cards (first 250)

Call me for details: ERIC FRAZIER, MBA President & CEO Direct: (714) 361-2105 Office: 800-401-8994 ext. 701 Email: eric.frazier@thepowerisnow.com Website: www.thepowerisnow.com

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender. Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

IN ECONOMICS

CURRENT CAUSES FOR DEPRESSED HOMEOWNERSHIP IN THE U.S.

I

ndustry analysts have been tracking a sharp decline in U.S. homeownership since the 2007 burst of the housing bubble that precipitated the last Great Recession. The latest of these readings were from the trade group National Realtors Association (NRA) and the data provider CoreLogic. Both released separate studies last June indicating that U.S. homeownership now hovers at a 50-year low.

From these reports, we can glean a mix of interrelated factors creating a barrier to homeownership in the country. Let’s look at what these hurdles are, and in the process, ascertain how our policymakers could address t h i s

challenge to our property market and the economy in general.

Lesser choices, higher prices Housing supply shortages is one of the homeownership obstacles cited in the recent NAR reading. This lack of adequate supply has resulted in a depleted inventory in many US markets, driving prices up to levels unaffordable to many aspiring homebuyers.

The NAR report indicated that the decline in home construction after the recession has resulted in a cumulative deficit of close to 3.7 million new homes over the past eight years. Property investors, notably, also exacerbate the lean supply and exert upward pressure on prices as they scoop up available single-family homes on the resale market.

If the current tight home inventory and regime of escalating prices persists, it is estimated that the decline

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in home affordability during the 2016-2019 period would average almost 9 percentage points across the country’s 75 ma jor markets.

Lending standards tighter, discriminatory too Besides declining home affordability, another oft-cited roadblock to U.S. homeownership is the tight standards mortgage lenders have set in response to the excessively lax credit terms that were largely responsible for the last housing bubble. A racial undertone could also be factored in, with recent findings of the Wall Street Journal and the National Community Reinvestment Coalition showing that it is harder for blacks and Hispanics to get a mortgage than whites.

A study by the online real estate portal Trulia also indicated such a disparity, noting that the U.S. homeownership rate among whites

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tops that of blacks by over 30 percentage points. For the black minority, Trulia estimated homeownership at 41.3 percent, compared with the whites’ 71.9 percent. .

We’re missing the millennials Millennials constitute another demographic cohort for which financial factors bar their capability to own a home. This generation, born between 1981 and 2001, now constitute the largest segment of the U.S. population, and many of its members have entered the stage in which they should be buying a home and starting a household.

However, the onerous student loan debts that this generation has incurred prevent many millennials from saving on home down payments and becoming mortgage-qualified.

Another hindrance is the prevailing lifestyle

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trend among millennials to marry late, live with their parents, and postpone having children, thus inhibiting a boost in American household growth from this generation.

One byproduct of this trend among young adults is that they are replacing the older generation as the age group more prone to live in multigenerational homes.

Creative solutions needed Looking at all these growth barriers to U.S. homeownership, what could our take be, then? Clearly, there

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has to be a concerted effort in the private and public sectors to develop more creative business and finance policies on both state and federal levels to foster achievable, non-discriminatory, sustainable housing.

One viable track could be encouraging more investments in housing product trust funds to assist developers in financing the construction of low-income and working-class housing. Initiatives like these will not only help boost our economy to higher levels, but will also lift high the American dream, of which homeownership is a foundational component.

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IN ECONOMICS

IS REAL ESTATE AFFECTING

THE STOCK MARKET? O

ver the last couple of years, a debate has sprung up regarding whether real estate investments or stock market investments provide more value to investors in the long run. Both types of investments have their advantages and disadvantages, and there are plenty of differences that will help prospective investors find precisely the best instrument for them.

Real estate Real estate is a very lucrative market for many investors.

In fact, despite its historical ups and downs, it has nearly always maintained its value: there will always be someone willing to buy a house. When you invest in real estate, you are buying a physical land or property. Whether you hold a parcel of land or have an apartment building, real estate offers a tangible piece of something: you can look at it, feel it, and decide on whether you should make an improvement on it or simply leave it as it is. You are in control, because you are the owner of the property.

Moreover, if the idea of buying a three-bedroom house or apartment scares you, you can always find another way to invest, from buying and renting out a smaller house (such as one under the new so-called “Tiny Houses Movement”) to investing in a Real Estate Investment Trust (REIT), which usually serves as a connector between several individuals who would like to own something – such as a hospital – without involving themselves in a volatile market like real estate.

Stock market On the other side of the spectrum, one can find the stock market, in which you simply buy a piece of your preferred company. This type of investment is a liquid investment, meaning that if you are in urgent need of cash, you can easily sell all your stock holdings, and within minutes your account will be credited with the money.

If a company has 1,000,000 outstanding shares and you own 10,000 shares, it means that you are the proud owner of 1% of that company. Sounds good, right? There is also

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little to no work required of you, because the stock market regulates itself. In other words, your investment can be left alone.

The stock market also has a comparative advantage to real estate investments due to its diversification. You can invest in different countries, cities, towns, etc. with no prohibition on how much money you put in, and all of this is invested in companies in which you trust.

The only downside of this investment strategy is that you will generally not have a say in the decisions made by the board of directors.

Real estate market versus the stock market One can argue that there is a direct economic relationship between both types of investments. A rise in the stock market causes a rise in real estate prices, and conversely, a fall in the real estate market has a similar effect on the stock market, so there is a strong correlation between the rise and fall of both markets.

This correlation can be seen during the 2007 subprime real estate market meltdown, in which the U.S. real estate bubble directly affected and triggered a collapse of the stock market, not only on U.S. soil but also internationally. Then, in 2008, the recession

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came. One could argue that falling home prices helped with the consolidation of the financial crisis, but very few people realized this at the time because of the psychological shock they were experiencing.

However, the U.S. government has made improvements to the real estate market, because tax deductions on mortgage interest have since been implemented. Also, there are plenty of non-recourse states, such as California, which respect your property even if you decide to stop paying your mortgage and simply live there for months. As a result, both the real estate market and the stock market are looking surprisingly pleasant for the year to come.

References: h tt p : //www. i nve s to pe d i a .co m /a r t i c l e s / mortages-real-estate/11/factors-affectingreal-estate-market.asp h tt p : //p e o p l e of. o u re v e r y d a y l i f e . c o m / relationship-between-stock-market-realestate-prices-9516.html http://www.realtor.com/news/trends/howthe-stock-markets-decline-could-affect-thehousing-market/

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IN FINANCES

WHAT YOU NEED TO KNOW ABOUT FHD LOANS AND

HUD HOMES T

he Federal Housing Administration (FHA Loan) was created by the U.S. Congress in 1934. In 1965, it became part of the U.S. Department of Housing and Urban Development. This department created a program called HUD Homes. When a house has been acquired by the government due to foreclosure on an FHA-insured mortgage, the government needs to recoup the monetary loss of the foreclosure, so HUD attempts to resell the houses.

In 2006, the housing boom in the U.S. had reached its peak. Suddenly, most individuals could buy a house and make the 20% down payment or renovate, sell, or acquire a bigger house. HUD homes and FHA Loans were hardly known. But in 2008, things changed. Both HUD homes and FHA Loans gained greater notoriety for two reasons: 1) People were no longer able to pay their monthly payments to keep the house they bought; 2) People were simply not able to get a loan or a mortgage.

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What is an FHA Loan?

An FHA Loan is a loan backed by the United States Government through the FHA and covered by the Department of Housing and Urban Development. It requires a minimum down payment of 3.5% on a mortgage, making it accessible for low-income borrowers.

What are the FHA Loan requirements?

• Minimum down payment of 3.5% • Minimum upfront mortgage insurance payment of 1.75% • Borrower must occupy the residence

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Positive sides of the loan: • The required minimum payment (3.5%) is very affordable.

• The credit score requirement for this type of loan is low. A minimum score of at least 580 is needed to qualify for the 3.5% down payment.

• If repairs are needed, you can combined the cost of the mortgage and renovation expenses into one loan. Or you could refinance the balance left on your mortgage and add the cost of repairs.

Negative sides of the loan: • An FHA Loan is not allowed on all property types. Condominiums, for example, might not accept this type of payment.

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• If you receive an FHA Loan, you will also have to get house insurance, which can rapidly increase the amount you will pay upfront. This is due to the Mortgage Insurance Premium (MIP), which offers two kind of insurance: the Upfront Mortgage Insurance Premium (UFMIP), which is financed directly by your mortgage loan, and the annual Mortgage Insurance Premium (MIP), paid monthly.

• You will probably end up paying more interest you would for a conventional loan with a 20% downpayment.

Does the FHA loan have limits?

Prices are according to location and type of property, so FHA Loans can vary in price. Also, FHA Loan have limits on who can apply; you

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need to have a valid social security number, be a resident of the U.S., and be of the legal age requirements according to the state in which you live.

What about HUD? Typically, a HUD house is a 1-4 unit residential property acquired by the U.S. Government.

HUD becomes the property owner while they look for a potential private buyer.

Are HUD houses safe?

In many cases, the property is in excellent condition and requires little to no repairs. In other cases, the property needs repairs or other types of restoration. The condition varies, but whether the HUD house needs a lot of work done will usually determine the price of the house.

HUD homes are appraised, so the price is at what is supposed to be the fair market value according to their location. However, the price is usually adjusted to reflect any new investment the prospective buyer must make.

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Final considerations: FHA Loan-HUD Houses HUD houses can offer you a solid entrance to the U.S. real estate market, especially if you are a first-time buyer. You must inform yourself about the resources that exist for both the HUD and FHA Loans, as they are difficult to understand.

The first step is to find a HUD-registered realtor who will show you the available opportunities.

Once you have found your house, secure a financing scheme through the FHA Loan. Make sure you inspect your prospective house, as you will receive a clearer overview of the property and the work that will be necessary.

Reference: https://www.usa.gov/finding-home/ https://portal.hud.gov/hudportal/HUD?src=/ program_offices/housing/sfh/reo/reobuyfaq https://portal.hud.gov/hudportal/HUD?src=/ buying/loans

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IN FINANCES

LATINO GDP OUTGROWS U.S.

ECONOMY BY 70 PERCENT

A

ccording to Latino GDP report, Latino GDP grew 70% faster than U.S GDP. Results show that if Latino GDP was a country, it would be the 7th largest in the world. While the non-Latino workforce shrank by about 4,000 workers between 2010 and 2015, the Latino workforce grew by nearly 2.5 million, powering an overall increase of 2.4 million in the U.S. workforce ages 25-64. These facts show that without any doubt, Latinos are becoming an increasingly critical engine of America’s economic growth.

Resource World Bank and U.S. Census In the U.S. the workforce of the Latino community alone has contributed approximately $2.17 trillion to the U.S GDP. According to researcher estimates, by 2020 Latinos will contribute a quarter of all U.S. GDP growth. This silent workforce is one the largest contributors to the U.S. economy, but they are still often treated according to their skin, and not by their work. This mentality and ideology must be changed by strong efforts within our community.

Racism is still a problem in this county. Instead of looking at the contributions that Latino Americans and their diverse communities are making in the U.S., we look only at their color. These misconceptions are not limited to Caucasians – they also exist within the Latino community. There is conflict and discrimination between light skins and dark skins. The discrimination and negative rhetoric also exist

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based on origin. Mexican versus Spanish or South American versus Caribbean Latino or Mexican versus Latin American. The comparisons are never ending.

Let’s also not forget African Latinos, which are immigrating to this county at record rates, and are dealing with the same issues of immigration in the U.S. But they are not on the news, and in fact are invisible in the Latino community.

They have for the most part embraced the African American community because of their dark skin, and are also isolated because of the language barrier even in the African American community.

This issue traces back to the days of slavery. If you have any African blood in you, you are black.

Latinos aged 18-24 are strongly represented in the U.S. military: Marines, 25.7 percent; Army, 22.2 percent; Air Force, 15.2 percent; Navy, 13.9 percent; and Coast Guard, 13.7 percent.

This data ends the debate about the contributions of Latinos, but

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U.S. Immigration Policy The 55-million-member Latino community (17 percent of the U.S. population) has become an economic juggernaut.

President Donald Trump’s tough immigration policies are not good for the Latino communities, and could eventually endanger U.S. economic growth. Sol Trujillo, co-founder and chairman of the Latino Donor Collaborative, says: “Negative immigration policy as economic policy is a bad policy.

We really do need to understand who comes into this country and who leaves this country, but it really shouldn’t mean that you don’t want people coming in. To just shut off the pipeline, that doesn’t work. We do need an improved immigration policy, but it’s more about who we’re letting come in.”

it does not end the negative rhetoric and stereotyping that is born out of a deep-rooted racism in this country. That racism is not going away until minorities have the political and economic power and sheer population numbers to change the narrative and tell their own story about who they are.

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This is happening now for Latinos and African Americans. The Latino American struggle is the African American struggle, with of course the exception of slavery and the long-term impact slavery has had on our community.

Any progress we make in the country with regards to race relations could be undermined in the future. Our challenges will move from being about race or skin color to being about religion, culture and language: the new barriers that divide us. The influx of immigrants in the country has changed the landscape of commerce, educations, and communities.

Entire cities and communities have isolated themselves from American life through language and culture. If you do not read or speak the language, then you cannot conduct business within the community, engage in the community, or understand and befriend the community. With this isolation comes an “us versus them� mentality, and it starts all over again – just as it did during the Civil War in this country over slavery and whether or not African Americans could be free or were worthy to be free because we were not American.

we can walk hand in hand, as one united community of Americans. A country in which we are not judged or isolated by the color of our skin or the differences in our culture or religion, where the character of all people is the only test of fellowship and love for mankind.

Resources: http://latinodonorcollaborative.org/latinogdp-report/ http://mone y.cnn.com/2017/07/01/news/ economy/latinos-u-s-economy/index.html fil e:///C:/Users/MaryamNasrulahgondal/ Downloads/Press_Rel ease_Latino_GDP_ Report.pdf

How will this all be settled, and when will it all change? I want to live in a country that has embraced the ideals a n d dreams of Dr. Martin Luther King Jr, w h e re

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IN FEATURED

T

he National Association of Hispanic Real Estate Professionals (NAHREP), is coming this September to Dallas, Texas. This is an incredible conference that serves as a bridge to merge both the Real Estate professionals and the ever-growing Latino culture in the United States of America.

NAHREP is one of the largest gatherings of Hispanic businesses owners in the world. And this will not only be a three-day conference.

On the contrary, NAHREP is famously known for bringing both the Latino and business cultures together. NAHREP is a Latin Music Festival that spotlights the latest achievements of the Hispanic small business community.

As mentioned above, culture plays an important role in this conference by showcasing Latino music, dance, and professional culinary arts. Each year, the conference has a closing festival party called Sabores: A Culinary Experience, which features especial dishes created by a celebrity Latino chef.

NAHREP moves to Dallas The National Convention & Latin Music Festival moves to Texas this year. This is quite important because Texas is not only a stronghold for the organization but is also a massive hub for the

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diverse Latino communities across the estate.

This year’s National Convention will surely see a gathering of dealmakers and people who are willing and eager to learn more about Real Estate entrepreneurship, and it is a great place to put your networking skills to good use.

What else will I find at this convention?

On September 9, the very important Elevate Mortgage Summit will be held. There will be conferences for all types of interests, including “Building Trust with Real Estate Agents,” “The Power of Masterminding”, “Using Social Media for Recruiting and Lead Generation,” and a Zillow Group Session, among many others.

Interesting features of the National Convention Over the years since the first National Convention, NAHREP has released the exclusive Spanish-English Glossary of Real Estate Industry terms. It has also given the opportunity to newcomers to increase their portfolios, and has provided older members of the industry the chance to develop themselves even more by offering conferences, talks, and lectures across the three-day Convention.

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Who are this year’s speakers?

Key information Convention

This year’s speakers include: • Joe Castillo (Managing Broker for ERA, Mi Casa Real Estate) • Rick Arvielo (Chief Executive Officer for New American Funding).

• Rick Sharga (Chief Marketing Officer for Ten-X) • Keith Bickel (SVP, Mortgage Policy for Bank of America) • Earl Watson (Head Coach, Phoenix Suns) • Fidel Vargas (President and CEO of Hispanic Scholarship Fund) • Gaby Natale (Entrepreneur, Journalist and three-time Emmy winner) • Armando Falcon (Chairman and CEO of Falcon Capital Advisors) • Daisy Lopez-Cid (National Association of Hispanic Real Estate Professionals, President-Elect) • George W. Bush (Former President of the United States of America) • Many more interesting and well-known people

Former President George W. Bush keynoting NAHREP National Convention In July 2017, NAHREP officially announced that the 43rd President of the United States, George W. Bush, will be keynoting this year’s National Convention & Latin Music Festival, making him the first President of the U.S. to do so at this prestigious conference.

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for

NAHREP

National

Where can I purchase tickets?

You can obtain your ticket through the official NAHREP website: http://www.nahrep.org/convention/ How much do tickets cost?

During the early bird stage, they are as little as $199 for three days of conference attendance.

Where will the Convention be?

This year the Convention has moved to Dallas, Texas. The Conference will be held in the Fairmont Dallas.

When is the NAHREP 2017 Conference?

The Conference will be held starting Saturday, September 9th and ending Tuesday, September 12th.

NAHREP is a must Whether you are new to the Real Estate Industry, or have many years of experience in your field, the NAHREP National Convention is a must-attend event. It will open incredible doors for you and your business, it will allow you to meet important key players, and you will receive useful information throughout the three days. Be sure to attend to this event – you will not regret it.

Reference: http://www.nahrep.org/convention/

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LEONARDO PARE

T

he National Association of Hispanic Real Estate Professionals boasts a growing partnership of professional Hispanic men and women seeking to make homeownership a realistic goal and a proud accomplishment for Hispanic families in the United States. For an association with a dedicated, long-term mission, it is important to be lead by someone who has shown similar commitment and diligence throughout their real estate career. Leo Pareja, NAHREP President in 2017, has a long track record of hard work and a clear path of advancement in the world of real estate, mostly working out of the Washington, D.C. area. He has been owner of or partner in every company he has worked for, and has a celebrated an award-winning past as an entrepreneur.

Career History He began his career at the age of 19, and with inspiration and a push from the 2002-2006 real estate boom, closed on almost 4,000 homes in just fifteen short years. This lead to Pareja being named the number one Keller Williams associate worldwide in 2010. He channeled his entrepreneurial spirit and carefully built a real estate dream team.

Pareja’s team was marked at #5 in the Wall Street Journal’s list of the 1,000 best real estate teams in 2011.

In 2012, his dream pushed him to co-found Washington Capital Partners, a private lending company, and he set out to help single family residence investors afford their vision of buying, flipping, and then selling or owning a home. This helped Pareja invest in other investors with similar drive and spirit. Pareja believed in this vision, and his diligence helped make Washington Capital Partners one of the largest lenders in the region.

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EJA, NAHREP PRESIDENT 2017 Experience and Leadership Besides his rigorous experience in the real estate field, Pareja brings another modern attribute to the table. He is the CEO of Remine, a Real Estate Intelligence that offers a new, creative, technological spin on modern real estate. The company uses an online digital interface to compile individual property data in an innovative pattern, presenting the predictive, informative visual data to real estate investors at the click of a button.

This method not only takes some of the footwork out of the long hours spent evaluating properties and determining proprietary value but also offers an advanced visual opportunity to real estate investors and agents alike. This leadership experience and ingenious example of Pareja’s work infers that he has an indepth understanding of technology and is a creative visionary in the world of real estate.

homeownership for first-time buyers and encourages small business growth, and does so without disrupting the country’s economic system.”

Conclusion Pareja offers an invaluable type of leadership to NAHREP. His innovative drive to deliver top-notch technology is everimportant for the business in a rapidly advancing society. He has the business connections, drive, and creativity to completely re-create the real estate field.

Offering real estate assistance to the Hispanic families of the United States is important, as the real estate market can be tricky and unwelcoming, especially for minorities. Pareja offers a heartfelt, intelligent helping hand, both personally and in the way he conducts his business ventures.

In addition to his well-deserved leadership role with NAHREP, Pareja is also an indispensable member of the NRBA (National REO Brokers Association) and the NAR (National Association of Realtors).

The National Association of Hispanic Real Estate Professionals has been delivering real estate assistance to Hispanic Families for over 18 years. The past five years have seen an incredible boost in business, making this year an important one for Pareja. He stated in his president’s message that this year’s main objective is to be “intent on ensuring a government focus that preserves access to

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IN COVER

Daisy Lopez-Cid

NAHREP PRESIDENT-ELECT 2017

F

or over 18 years, the National Association of Hispanic Real Estate Professionals has been a leader in the housing industry advocating for sustainable homeownership for the Hispanic community and providing education for its members.

NAHREP is working hard with professional Hispanic men and women to make homeownership a realistic goal and a proud accomplishment for Hispanic families in the United States.

As with any successful organization, strong leadership is very important for NAHREP. Daisy Lopez-Cid is an outstanding example of the talented, successful professionals who make up NAHREP membership. She brings a strong back and leadership skills in the real estate industry. With a long track record of hard work and a clear path of advancement in the world

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of real estate, she has become the NAHREP President Elect 2017.

Background and Career History Originally from Brooklyn, New York and coming from a background in immigration law, Ms. Lopez-Cid has been a force in Central Florida real estate for the past 17 years.

Entering the real estate market in 2001 as an associate, she is now the owner of has been ranked as the most successful RE/MAX franchise in Osceola County since 2013.

Ms. Lopez-Cid has served on the NAHREP National Board of Directors since 2013 and is a former president of NAHREP Central Florida.

Daisy was instrumental in the creation and development of the NAHREP coaches program and served as chairman of the coaches program in 2016. She has recently focused

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her efforts on facilitating the launch of new chapters in strategic markets, including Puerto Rico, Boston, and Philadelphia.

Experience and Leadership Consistently ranked as one of the top Latino agents in the United States on the NAHREP Top 250 Latino Agents list, Ms. Lopez-Cid was recognized by the City of Kissimmee in 2014 for making the list three years in a row. An avid advocate for homeowner rights and sustainable homeownership, she often travels to the state capital and Washington, D.C. to meet with lawmakers, especially in recent years given the volatile housing market. In 2013, Florida Governor Rick Scott appointed Ms. LopezCid to the Valencia College District Board of Trustees, where she provides insight into the direction of the college’s policies.

addition to her well-deserved leadership role with NAHREP, she has recently focused her efforts on facilitating the launch of new chapters in strategic markets, including Puerto Rico, Boston and Philadelphia.

As Gary Acosta, co-founder and CEO of NAHREP said, “Daisy Lopez-Cid is one of the most loyal and hardworking leaders anywhere in the country. She has been instrumental in the creation and development of the NAHREP Coaches Program, and her leadership helped forge the path for a successful chapter expansion in 2016.”

Conclusion Offering an unparalleled track record of customer care excellence within the

community through local involvement, she encourages and leads her 30+ agents to assist homeowners through this housing crisis.

Her office blazes the trail by volunteering in various local community organizations and offering support and service where they can.

With the unwavering support of her husband, and through the relationships she has built within the community over the years, with other real estate professionals and elected officials throughout the country, she is able to reach out and help a much broader audience than she ever thought possible. This has always been her passion, and it will continue to be for many years to come. She is a great leader for NAHREP.

She attributes the success of her office largely to the fact that it is a family-run business, and she believes that had it not been for her husband, Edmund, and daughter, Justine, being involved, her office would not be where it is today. In

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Helping you achieve the American dream of homeownership!

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CALL ME FOR DETAILS ERIC LAWRENCE FRAZIER MBA

CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243

The Power is Now, Inc. is a nationwide, real estate professional, and community-based multimedia and education company founded in 2009 by Eric L. Frazier, MBA, headquartered in Riverside, California. The Online Radio Talk Show, Magazine, TV and events are supported by numerous national and state real estate associations and provides weekly real estate related content to millions of real estate agents and consumers throughout the United States online and by teleconference. The Power Is Now Inc., is also an mortgage brokerage licensed by the state of California, CAL BRE MLO/NMLS License #1435243, and a real estate broketage CAL BRE 01980407 and is not affiliated with any state or federal agency. The Power Is Now Inc., corporate office is located at 3739 6th Street Riverside, CA 92501. Telephone/Fax: 800401-8994. Eric Frazier, is California Licensed Loan Originator NMLS# 461807, and a Real Estate Broker #O1148434.

We have a membership for everyone.

From the Buyer and Seller to the Professional Agent and Broker.

Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

IN TECHNOLOGY

CREDIT RELIEF ROBOCALL RING PUT OUT OF BUSINESS

R

obocalls can be a fast, efficient way to reach large masses of people.

They can be used to disseminate a public service announcement or an emergency announcement. Despite this air of positivity in robocalls, the truth of the matter is that they have been used by unscrupulous individuals to con many Americans out of their hardearned money. You might have been an unfortunate victim of a robocall scam, but for the sake of those who have been lucky enough not to have have fallen for one of these cons, and for knowledge’s sake, let us delve further into this matter of robocalls – credit relief robocalls, specifically.

tighten the laws surrounding robocalling, but it has not made much impact – at least not so long as unwarranted robocalls are still being made to numbers on the National Do Not Call Registry.

Credit relief robocalls work like this: The company calls you, claiming that they can help you significantly reduce the interest rate of your loan by negotiating with your creditor on your behalf. In addition, they claim that your principal will be reduced

Robocalls are prerecorded messages delivered to your phone as a phone call.

They have become notoriously famous and an easy choice for scams because of their unbelievable affordability. The call can be made from anywhere in the world.

It can even have an additional convenient feature of a fake caller ID added to the call to protect the caller’s identity. All robocalls are illegal, except of course if the recipient agreed to be called.

The sheer number of Americans who are desperate to pay off their debts has only led to the rise of credit relief scams. There have been serious efforts by most states to

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by 50-70%. Beware of these offers, as even the Consumer Federation of America has warned against them.

Take, for example, a mortgage loan. Your mortgage plan allows you to slowly pay off your loan while giving you the ability to own a home. Along the way, the pressure of wanting to be debt-free catches up with you; one day, you get a call from an unknown caller. You pick up, the person on the other end tells you about an offer: an offer to help you significantly reduce your principal and interest rate. They say they will talk to your creditors and your payment period will be cut by two-thirds. A thing or two about how you will experience great savings in the long run is also imparted.

You find the deal too good to be ignored.

The next thing you know, you have paid some ridiculous sum upfront for said service. From there on, you do not receive the promised service; instead, you receive financial education materials you never asked for. Or on the other extreme, your personal information is used to apply for lower interest rate credit cards without your consent. These are only a

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few of the consequences of these scams.

Just recently, the Federal Trade Commission and the Florida Attorney General charged several firms that claim to offer debt relief services on the grounds that they called contacts on the National Do Not Call Registry in addition to violating the FTC’s telemarketing sales rules, etc. This legal move will go a long way towards reducing the number of debt relief scams that have been ripping off citizens. Caution must still be taken, though, as not all scams have been unearthed.

Instead of opting for shortcuts to settle your debts, there’s a better, more trustworthy option. Scout out a legitimate credit counselor.

They should be able to help you get a clearer picture of your current financial situation as well as help you come up with a custom consolidated payment plan. The counseling firm should be clear on their charges and costs. Setup fees are usually up to $50, with a monthly maintenance fee of up to $25.

Keep lending scams at bay. Become debtfree the right way.

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IN REAL ESTATE

RISING HOME PRICES IN CALIFORNIA A

ccording to a new report, home prices will continue to increase in California.

The prices have jumped again over the last year. As per the report, single family attached and detached home prices have risen 5.8%. Los Angeles saw an even bigger jump of 6.4%, falling just short of the national average of 6.6%.

The price hikes were primarily driven due to a shortage of available homes. Developers are not able to build enough to keep pace with the demand, and the situation is only going to worsen in the coming months.

California may see a year-over-year increase of 9.7% by May 2018. The effects of escalating housing prices, which are both good and bad, will be felt by homeowners and renters.

If you are a current homeowner, the strong build-up in home prices will boost home equity.

In some cases, it can also boost spending. If you are a potential first-time homebuyer or

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renter, however, it is not a pretty picture. As price appreciation and rental inflation outstrip income growth, affordability is going to be a big issue in the real estate market.

The report further states that some individual counties in Southern California may have seen bigger price hikes. In Canyon county, the median price in May for an existing singlefamily home is up 20.6% over the last year.

Glendale saw an increase of 18.9%, North Hollywood rose 15.1%, and Hawthorne rose 18.2% over the same period. Further inward, Rancho Cucamonga saw an increase of 15.8% and Irvine saw an increase of 36.4% in the median home price.

Most developers feel that builders are caught in a regulatory bind, and it takes a long time for the housing units to be completely developed for homeowners and renters. As land is not available to develop new housing units, builders need to look at

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other alternatives.

The developers are also faced with the challenging job of recycling older housing units and office buildings for reuse. When you look from one city to the next, you will see the same old office buildings and warehouses.

Developers are planning to reenergize some of the old office buildings and warehouses into new mixed use residential properties.

Single-family luxury homes are built and priced in the mid-$1 million range. The luxury homes are likely to be completed within 18-24 months.

continue to show an upward trend.

As the demand is outstripping supply, the prices continue to remain strong.

This trend is expected to continue as long as the inventory remains tight.

The buyer demand has increased as people are moving in and out of areas such as San Francisco. The demand for homes has been strong, and this has led to a price surge. The shortage of homes has fuelled the demand for construction of more apartments.

Los Angeles has managed to add the second highest number of new apartments in the nation.

Prices in the real estate market

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Helping Families Make the Right Move!

Willie Wilcox Cal BRE # 01396837 NMLS # 887943

Relationship Manager

Realtor | Northern California E-mail: willie.wilcox@thepowerisnow.com Website: www.thepowerisnow.com Office: 800-401-8994 x 728 Direct: 510-915-5107

IN LEGAL

CALIFORNIA WATER LAW O

ver 40 years ago, law enforcement in California realized that it would be hard to maintain sufficient water levels. This is due to the many uses of the same.

They therefore decided to create the State Water Resources Control Board (SWRCB). The Board succeeded to the function of the former State Water Rights Board and the State Water Quality Control Board.

Rules of the State Water Resources Control Board (SWRCB)

The board’s main mission is: “To preserve, enhance, and restore the quality of California’s water resources and drinking water for the protection of the environment, public health, and all beneficial uses, and to ensure proper water resource allocation and efficient use, for the benefit of present and future generations.”

• To ration water use accordingly and try to solve water shortage problems through noting the wasteful use of water and stopping it.

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This board was given authority to: • control water use in the fields of agriculture, industries, municipals, and the environment, among others.

• To maintain water quality.

• To solve disputes surrounding water rights.

• To issue water permits within California

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whereby certain thresholds must first be met. Water from underground wells does not need a permit unless from a specific underground aquifer. The County Health department will require health permits for all wells. • To keep records with confidentiality.

About the Board The Water Board has five members, each with a different role, who receive a full-time salary for four years. They are appointed by the governance. To be a member of the board, you shall not have earned any income within the previous two years from landowners using water as a resource.

The water board consists of nine regional water quality control boards whereby their control is more specialized to their region depending on the different factors. Each of the regional water quality control boards has seven part-time members.

The nine regional water quality control boards are as listed below: 1. North Coast Regional Water Quality Control Board 2. San Francisco Regional Water Quality Control Board 3. Central Coast Regional Water Quality Control Board 4. Los Angeles Regional Water Quality

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Control Board 5. Central Valley Regional Water Quality Control Board 6. Lahontan Regional Water Quality Control Board 7. Colorado River Regional Water Quality Control Board 8. Santa Ana Regional Water Quality Control Board 9. San Diego Regional Water Quality Control Board

California Water Law Water use here has two types: appropriative rights and riparian rights.

Riparian Rights: These are rights which are given to a landowner whose land is next to a stream of water. Therefore, he can use it for both agricultural and domestic purposes. This is so unless there are certainly specified constraints stated in the land title. Therefore, no permit is needed from the State Water Resource Control Board. All that is needed is for the landowner to file a statement of the stream diversion and water use. If the stream is not next to a landowner, he can divert a stream downwards towards his land. This is providing there’s been an understanding with the land owner next

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to the stream, and there’s no inconvenience caused for those living in between the two parties.

Transfer of water rights is not allowed from riparian to non-riparian owners. Riparian rights do not favor the landowner who used them first. Therefore, users have equal rights.

In case a dispute ensues between them, that is resolved in court, not by the State Water Resource Control Board.

Appropriative Rights They encompass movement of water from a stream to land parcels that are not adjacent.

They require a permit from the State Water Resource Water Board. If anyone challenges the appropriative use of another, then the date of first use and all other days of use which are in people’s memory, not necessarily documented, can counter this. Also note that, if it is not used for five years, these rights will be lost.

References • h t t p : // l i b g u i d e s . l a w . u c l a . e d u / c . php?g=312371&p=4098313 • h t t p : // w w w . w a t e r b o a r d s . c a . g o v / waterrights/board_info/water_rights_ process.shtml • http://www.krisweb.com/policy/water_ rights.htm • http://www.waterboards.ca.gov/about_us/ water_boards_structure/mission.shtml • http://www.waterboards.ca.gov/laws_ regulations/docs/wrregs.pdf • h t t p : // w w w . g a l l e r y b a r t o n l a w . com/?gclid=Cj0KEQjw7pHLBRDqs-X8hZ3 Mgp0BEiQAXIo9rtjgAObt5iJu9aR-ABB10gj uaVXvvdAg4sQlwtknezEaAsIc8P8HAQ • h t t p : // w w w . w a t e r b o a r d s . c a . g o v / p u b l i c a t i o n s _ f o r m s /p u b l i c a t i o n s / factsheets/docs/region_brds.pdf • http://www.waterboards.ca.gov/laws_ regulations/docs/wrregs.pdf

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IN MORTGAGE

WHEN IS THE BEST TIME

TO REFINANCE? H

ere’s the deal. You’re thinking of refinancing your home mortgage loan, but you’re not so sure as to when and why you should take the actual step. Dealing with money can be difficult for many people. This is why we’ve made it slightly easier for you to decide whether you are a suitable candidate for it or not.

What Refinancing Actually Means The word refinance is obvious by its name: It simply means to finance your loan again and shift your debt to a different or new lender or simply take a new loan from the same lender. It works best when applied early on in the loan-taking process.

Why People Do It

Switching Package Plans

Lower Interest Rates Many people choose to refinance when interest rates drop below what they are currently paying. This way, monthly payments are lowered and they get to keep the extra cash for other necessities.

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There are two common types of mortgage payments from which you can choose: an ARM (adjustable rate mortgage) or a fixed rate mortgage. With ARM, interest rates per month fluctuate throughout the course of payment and sometimes it may get difficult for you to pay a particular amount. With a fixed rate mortgage plan, the rates are…fixed. So, many people choose to refinance when they want to change from an ARM to a fixed rate mortgage for their peace of mind.

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How It Works

What to Keep in Mind

Many people get confused about how refinancing works. So let’s break it down. Say you have a present loan and you want to get rid of it for one that has a lower interest rate. You look for a new lender and decide that you want to take a loan from them. The loan you take from your new lender pays off your previous loan, leaving you with the new loan.

Loss of benefits Many loan deals contain some kind of additional attraction, such as a feature that somehow contributes to the client’s ease. When you refinance to a different package, you are shutting yourself off from those features and offers. Of course, what the new package is offering may sometimes be even better than the one you already have.

Paying more Interest Refinancing is like starting all over again from scratch.

Sometimes, that may prove to be beneficial for you.

Other times, because you are extending your pay-off period, you will end up paying more

than you would have on your previous loan.

Know your Package Plan If your current mortgage loan has a prepayment penalty, then you are better off not refinancing.

A prepayment penalty is a penalty applied when you pay off your loan earlier than expected. Sounds clever for the bank, right?

It is! Therefore, talk to your lender to find out what kind of prepayment penalty you may pay.

Moving?

It is not the best idea to refinance your mortgage loan when you are planning to

What to Take Away You’ve probably gained a wide view of what refinancing is and whether or not it would be wise for you to refinance. While it may seem as if there are more cons than pros, nevertheless refinancing your mortgage loan may prove to

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There are certain things that should be kept in mind before opting for a new loan, because it is not always suitable for everyone. With every pro, there is a con. So be sure you know what you’re getting yourself into before applying.

move out of the house anyway, because the entire process of refinancing can be costly. So do not invest in something you will not be able to see a net benefit from.

Lower Monthly Payments?

With lower interest rates come lower monthly payments and a whole lot of saving.

Right? Wrong. When you refinance to mortgage loans that settle at lower interest rates, you will probably end up paying monthly payments for a longer period of time.

This may add up to a larger total than expected. So make sure you calculate correctly and get your numbers lined up perfectly.

be beneficial to you in the long run. Look for package plans that are not too lengthy in term, refinance in the early days of your current loan, and above all, always apply when interest rates are lower than what you are currently paying – that is the main purpose of refinancing after all, right?

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Quick to React If you are up-to-date with the current changes in market values, then you are most likely to make the best out of your sale. Overall market health fluctuates from day to day, so be sure to stay updated as to when the values rise and be quick enough to make the sale during that period. To attract customers, you will need further marketing assistance.

with and convince customers by laying out all the details for them.

Strategies For your property to be sold at a reasonable price, you need to have a marketing strategy.

Such strategies include projecting interest towards multiple buyers. You can even lower the cost such that you can attract buyers and eventually raise the price

due to increased demand.

Other strategies include using numbers that are slightly less than a round number (e.g., $499K instead of $500K); this helps in search results when finding houses lower than $500K.

Conclusion If you have got the talent to excel in this field, then this is a true seller’s market for you.

Plan Ahead Before you put anything out to be sold, make sure you have planned ahead.

Calculate and plan your expenditures and how you will deal with customers and serious buyers.

All the “what ifs,” “buts,” and “hows” should be answered in your mind. You should not be confused about any of the decisions you make.

Do Your Homework When dealing with big numbers, it always important to do a little research of what you are getting yourself into.

You should gather all the facts in one place so that you can gain easy access should a situation arise. Also, market values fluctuate from time to time and are dependent on location, so make you can deal

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IN COMMUNITY

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL FLOOD INSURANCE PROGRAM

F

loods are among earth’s most common and destructive natural hazards. There are few places on earth where people do not need to be concerned about flooding. Any place where rain falls is vulnerable, although rain is not the only impetus for floods. In the United States, where flood prediction and mitigation is advanced, floods still do about $6 billion worth of damage and kill about 140 people every year. A 2007 report by the Organization for Economic Cooperation and Development found that coastal flooding alone does some $3 trillion in annual damage worldwide.

Introduction The NFIP was created as a result of the passage of the National Flood Insurance Act of 1968. Congress enacted the NFIP primarily in response to the lack of availability of private insurance and continued increases in federal disaster assistance due to floods. The National Flood Insurance Program (NFIP) is a component of FEMA’s Mitigation

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58

Division. The National Flood Insurance Program (NFIP) was created to enable property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding.

This insurance is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods. Nearly 20,000 communities across the United States and its territories participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage. In exchange, the NFIP makes federally backed flood insurance available to homeowners, renters, and business owners in these communities. Community participation in the NFIP is voluntary.

The program has three ma jor components: Flood Insurance, Floodplain Management, and Flood Hazard Mapping. The program and its components are able to protect homes and businesses from flooding.

needs to take into consideration while deciding on flood insurance. It is not just a crazy hurricane situation – it includes so many other things as well. Experts recommend NFIP for every individual, regardless of how high or low your flood chances are. If you have low chances, then you should at least get minimal annual coverage yearly. When buying a new home, buyers should check if they are in flood hazard areas and the chances of their property flooding.

Support H.R. 2874

Generally speaking, everyone needs to have flood insurance. However, it is most recommended for individuals who have a home with a mortgage that is located in a high hazard flood zone (special flood hazard area). It is important to remember that flooding is not just a flash flood coming from the ocean; it can also be mud flow or days and days of rain where water is standing in your yard and seeping under your doorway or causing foundation issues.

H.R. 2874 is “The 21st Century Flood Reform Act.” H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to it, including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as well as removing hurdles for more private market participation in the flood insurance market. Reauthorization of the NFIP will help over 5 million homeowners in 22,000 communities around the country, so it is critical for Congress to act now. H.R. 2874 contains numerous provisions of critical importance:

So there are many other factors which one

• Reauthorizes NFIP for a full 5 years,

Who is Flood Insurance For?

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THE REALTIST YOU CAN TRUST! Serving the city of Vallejo and surrounding areas.

LANISE SPANN CalBRE# 01800507 Direct: 707 297-0398 Office: 800-401-8994 ext 713 E-mail: lanise.spann@thepowerisnow.com

IN COMMUNITY

HOW TO SAVE ON HOME REPAIRS I Predict and Plan

f you own a home, you need to be prepared for repairs and maintenance.

Repairs, replacements, and upgrades can cost a lot of money. Even though you will not be able to avoid these expenses, you will be able to save on home repairs if you plan properly.

As owning and maintaining a home is such a ma jor investment, it is smart to be prepared for surprise repairs. If you are not aware of the condition of your home, you can consider the services of a reputed home inspector.

The detailed report that you get after the inspection can be the starting point for you to prepare for any kind of maintenance, repairs, or replacement.

Each home appliance and household system has a definite lifespan. Air conditioning systems and roofs need to be replaced every 20 years.

Dishwashers and furnaces can last for 10 years, whereas a water heater can last 5 years.

When you are aware of the number of years left for each appliance in your home, you can come up with a maintenance plan, which will ensure that you are able to avoid ma jor repairs.

Regular Maintenance One of the important things to remember is that a little bit of maintenance can go a long way towards preventing costly repairs. Just changing the filter on the furnace can ensure that it continues working properly.

Cleaning the debris from the gutter and visually inspecting the roof and appliances used at home can help eliminate many repairs.

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Routine maintenance can help minimize the cost of expensive repairs to household items.

Keeping your home well-maintained not only helps save money but also increase the life of your appliances and makes them more energy efficient.

DIY Home Repairs If something stops working or completely breaks down in your home, you do not have to call in the professionals every time. There are some home repairs that you can fix on your own. These include appliance repairs, air conditioning, electrical, heating and plumbing.

Performing the easy-to-do repairs yourself can help save you a lot of money.

Before you attempt any kind of repairs on your own, it is advisable to ascertain the extent of the problem. Research the tasks that need to be performed and take extra care with regard to your safety. Avoid trying to fix ma jor problems that truly require professional assistance on your own.

Buy the Required Materials Yourself One of the simplest ways to save money on home repairs is to buy the required materials on your own. When you choose to buy on your own, you will be able to negotiate and get a better deal than the contractor.

Hire Reputable, Qualified Professionals A reputable, qualified professional will provide high-quality service at affordable

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prices. Avoid choosing service providers who offer cheap services, as they may not have trained professionals on their payroll. It is best to choose a contractor who is certified, insured, and experienced.

Budget and Save for Emergency Repairs As money for repairs is generally tight, it is best to start an emergency home repair fund into which you can transfer a small amount each month. This can help pay for the routine repairs and maintenance. When you know what the potential cost for the repairs will be, you will be able to automatically allocate funds to meet the expenses.

If you are a homeowner, consider learning to do some basic home maintenance and repairs on your own. This can help you save a lot of money over the years. The knowledge that you gain on home repairs can also enable you to ask the right questions of the service provider you hire. Having a good plan in place can ensure that you save money on home repairs.

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Purchase your home with just 1% down ONE MONTH’S RENT COULD GET YOU INTO YOUR

DREAM HOME

You put down 1%, your lender contributes 2%*, giving you 3% equity at closing Great low rates | Close in 30 days or less | Available with no monthly mortgage insurance *2% lender contrbution may only be applied to down payment

CALL TODAY FOR THE CONVENTIONAL 1% DOWN WITH EQUITY BOOST PROGRAM

Call me for details: ERIC LAWRENCE FRAZIER MBA CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243 Website: www.thepowerisnow.com

Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703 Fax: 800-401-8994

The Power Is Now Inc., is a Mortgage Brokerage Licensed by the State of California CALBRE License #1980407 and is not affiliated with any state or federal agency. Go to www2.dre.ca.gov for verification. The Power Is Now Inc., is also licensed by the NMLS License #1435243. Go to www.nmlsconsumeraccess.org for verification. The Power Is Now Inc., is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-401-8994. Eric Lawrence Frazier, MBA is a California Licensed Loan Originator NMLS# 461807. This is not a commitment to lend or extend credit. Restrictions may apply.

Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

ALFONZO L. EDWARDS Realtor | Cal BRE # 01937296

Relationship Manager Office: 800-401-8994 ext. 732 Direct: 925-435-2557 alfonzo.edwards@thepowerisnow.com thepowerisnowrealestateservices.com/

IN COMMUNITY

DIY HOME IMPROVEMENTS

ON A BUDGET D

o you want a home improvement upgrade on a budget? Do you want to get more bang for your buck?

One of the important things that you need to remember is that you do not need a big budget to give your home an upgrade.

Most homeowners have second thoughts when it comes to improving their homes due to the amount of money they feel they will have to spend. But there are many DIY home upgrades and improvements that you

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can do on a budget.

With the right planning, you will be able to transform the whole look and feel of both a single room and your home.

There are many simple and overlooked budget-friendly solutions that can help you save money and ensure that your home is admired and envied by all.

Apart from money, you will also be able to save a lot of time with simple DIY home upgrade improvements. You can try these simple and affordable makeovers to make your home look better.

SEPTEMBER 2017

Enhance the Entry to Your Home First impressions matter, and the entrance to your home matters a lot. Instead of investing in a new door, you can choose to paint it so that it looks as good as new.

This can dramatically change the look of your home and enhance the curb appeal.

The other easy DIY fixes that you can try are replacing the old door numbers and installing new outdoor lighting.

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Refresh Your Rooms with New Paint Give the drab and washed out walls of your rooms a new look by painting them on your own. A fresh coat of paint can give the walls a burst of brilliance. You do not have to be a professional to paint like one, which is why painting is the most popular DIY home improvement upgrade.

Increase Storage and Give Your Kitchen a New Look Regardless of whether your kitchen is small or large, you will be able to increase storage space. You can take advantage of the corner and unclaimed wall space with open shelves that can be used to keep cookware and dishes within easy reach.

Paint the kitchen cabinets to make them look new. With just a simple addition of color, you can give the cabinets a completely new look.

Restore Floor Shine Exposure to dirt, dust, grime, and high foot traffic can make your floors look dull. You can restore the floor shine by polishing them with products that have been specifically designed for wooden floors. High-traffic areas of your home can be polished every four to six months to keep them looking pristine.

Give Your Fireplace a Facelift Give the fireplace a makeover with a fresh coat of paint. Before you start, it is advisable to clean the fireplace properly so that you are able to remove all the dust and grime that has accumulated on it. A high gloss paint can give the fireplace a beautiful look that lasts for a long time.

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Get Your Carpets Cleaned Weekly vacuuming can help remove dust, dirt, and hair from the carpet. Regular cleaning can prevent mold and mildew growth.

You may need professional cleaning services if you want to remove allergens, stains, and dust mites. For just a little bit of money, professionals will be able to clean the carpets thoroughly, which can have a significant impact on the health of your family.

Fix the Faucet Are you sick and tired of a leaky faucet? If you know how to use a wrench, you can easily fix it or install a new faucet. Fixing the faucet can help lower the water bill and enable you to save money.

These simple DIY home upgrades not only help you save time and money but can also increase the value of your home.

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IN YOU

BRANDING IS THE KEY TO

REAL ESTATE SUCCESS R

eal Estate is a competitive, high stakes market where a series of great sales can take one to the top and a bad streak can break even the most experienced brokers. Even in a small town, several agents can compete against each other trying to get a slice of the cake. In this kind of market, the most successful agents are the ones who know how to cater their clients and how to offer new homeowners that special place where they can make their dreams come true. Undoubtedly, the best way to convey

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this message is to use your own name as your brand.

In order to do this, it is essential to know what your clients are looking for and how you can satisfy their needs. To turn your name into an effective brand, you must first know what kind of lifestyle you can provide for your client: settling down and growing old next to a loved one while raising the children, or moving into a vibrant city to chase a dream, for example.

From that point onwards, you need to build an image that conveys what you are selling,

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that makes you stand out from the crowd, and at the same time, shows that you are the best choice for your clients .

It would be a mistake, for instance, to brand yourself as someone selling a luxurious lifestyle in a town where there are very few high-end properties. It is important to know your area, what you stand for, who your clients are going to be and what they want.

Once you have taken into account all that we mentioned before, you will have a clearer view of who you want be as an agent, which you then need in order to present your brand.

Here’s where your logo and slogan come into play. Imagine them as your nation’s flag: they have to be memorable, simple, trustworthy and representative.

You can use any form of advertisement to make yourself known. You may start with a blog or a website so your clients can get to know you and what you promise. After this, you may want to reach out to local TV channels and use even more old-fashioned methods such as banners or road signs. Whatever you do, keep true to your vision, be consistent to the image you shaped, and never fail to meet the expectations you have created.

The benefits of branding yourself well are numerous. It will help expand your customer base as well as increase the number of properties

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that you can offer, while giving you access to better deals and listings. A recognizable brand will also help you strengthen your reputation.

It will be a sign of quality, trustworthiness, and efficiency. After all, branding is much of the difference between a regular pair of sneakers and a pair of Air Jordans.

Think about Coca-Cola, for instance, which is worth about $56.4 billion . Around 94% of the world’s population recognizes its classic red and white colors. That is the power of branding.

Just imagine the possibilities. You may start small and later grown into a renowned company with international reach. Your brand as a sign of quality and trust will be able to compete with real estate agencies such as Century 21, RE/MAX and Coldwell Banker.

Branding is not simply a cool logo, a catchy slogan, or a swanky product. It goes deeper than that. Branding is the way you present yourself to your costumers or clients, the promises that you make to them, what they can expect from what you offer , and how they perceive you. It does not matter if you are selling oranges, a cellphone, or a house.

As Michael Margolis puts it, “People don’t buy a product, service, or idea; they buy the story that’s attached to it.” When you sell a new home, you are not just selling a piece of real estate. You are selling a lifestyle.

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IN CULTURE

LATINOS PUT THE

NOTION OF RACE

INTO QUESTION T

he demographics of America are changing. The mass immigration of Latin Americans in the last few decades has grown exponentially, to the point that Hispanics now represent 17% of the total U.S. population. Although there is a perception that most of them come from Mexico or identify as white, it is important to understand that Hispanics and Latinos have ties and ancestries linked to different countries. This situation becomes problematic when Latinos are asked to specify their ethnicity and race, such as in the Mortgage Application Form or the U.S. census, which ask them questions that fail to reflect the heterogeneity of the Hispanic population. This situation puts into question the notion of race and the impact it has on the economy and GDP of the United States.

A recent study published by the Latino Donor Collaborative in June 2017 showed

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that Hispanics contributed $2.13 trillion to the U.S. economy in 2015. If U.S. Hispanics were a nation, they would have the 7th largest economy in the world, ahead of countries such as India, Italy, Brazil, or Canada. The study also found that as the non-Latino workforce goes into retirement and more Latinos enter the work force, Latinos are projected to account for 24.4% of total U.S. GDP growth by 2020.

The research was conducted using public data collected from the U.S. Department of Commerce and the U.S. Department of Labor.

However, the problem with the report is that it assumes that Hispanics can be considered as a single block.

While the U.S. Census Bureau classifies Hispanic as an ethnicity, it is common to identify it as a race. So much so that in an article published by PEW Research Center in 2016 , 67% percent of Latinos selected their race as Hispanic. Nonetheless, the

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same research also found that 24% identified as Afro-Latinos, most of whom come from Caribbean countries, and 34% answered that they were of mixed race.

The reasons for these varied answers might stem from how race is perceived in many Latin-American countries. A large portion of the population of the Dominican Republic identify themselves as “indio” (indigenous) even though they are mostly of African descent, whereas in Mexico most of the population is classified as “mestizo” (a mixture of European and indigenous people ancestry).

This plays into the narrative held in many Latin-American countries that most of their current population is the result of the process of mixture or “mestiza je” between Europeans, Native Americans, and Africans, which makes it difficult for U.S.-Latinos to identify as one particular race.

The complexity of the Hispanic ethnic/race classification raises some questions regarding the LCD report. Although Werner Schink and David Hayes-Bautista, the authors of the report, used statistics taken from the Bureau of Labor Statistics as of May 2017, it does not mention how they classify Latinos or whether they are considered to be a race or an ethnic group. Moreover, it would be interesting to know which group contributed most to the findings or the GDP. For example, the 2016 PEW article showed that Afro-Latinos tend to earn a lower income than their other Hispanics counterparts: less than $30,000 in 2013. If this data was not taken into consideration, then the Latino GDP contribution might be different from the one that was published.

What would happen with Latin American immigrants who have Chinese ancestry?

Are they Latino, Asian, or Chinese? And that is without taking into consideration all the different ethnic groups and minorities found in Asia.

The truth is that the biggest problem is trying to over-generalize groups of people into a single category in an attempt to segment society and maintain the old social order of race differentiation .

As the U.S. moves towards a more diverse society, one in which interracial marriage becomes commonplace and where the ma jority of the population will be made up of different racial and ethnic groups, the concept of race becomes more and more irrelevant.

Science has concluded that there is no biological evidence to consider the existence of different human races, other than the fact that a group located in a defined geographical area shares similar features.

Perhaps it is time to change the narrative and begin focusing more on the overall contributions of people as a society. While it is true that people have different ethnic backgrounds, it is the exchange among cultures that has strengthened America as a nation.

What is more interesting is that the U.S. census is thinking about changing its questioning for the 2020 census by classifying Hispanic as race, then specifying ethnic origin : e.g., whether the participant is Mexican, Ecuadorian, etc. The argument is that this will provide a more accurate picture of the Latino population. But it would still be problematic.

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BUSINESS

Frazier Group Realty, Inc. As you venture into the World of Real Estate, we can help you put the pieces together and Naviagate you into Home Ownership

Ruby L. Frazier President License #01751773

Briana M. Frazier Broker License # 01751473

Jessica E. Frazier License # 01817312

Erica L. Frazier License# 01791095

Frazier Group Realty is the right place. Our Navigators are available to give you personalized service and answer any questions you may have. You can call, email or visit us and we will be there ready to help you every step of the way. Wether you are a first time home buyer or an experienced real estate investor, here at Frazier Group Realty you gain useful information about how to choose the “right” property, and everything involved in making an informed decision in today’s real estate market.

Making Clients for Life

3739 6th Street, Riverside, CA 92501 Office: (951) 686-5261 Fax: (951) 686-5264 www.fraziergrouprealty.com

Home Ownership Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own.

Real Estate you own is not like cars that decay over time and you have to replace them.

Real Estate you own is not like clothes that go out of style and you have to buy new ones.

Real Estate you own is not like expensive vacations or experiences that only last a moment in time.

Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable.

Real Estate you own is not like staying at your parents house where you know can’t stay forever.

Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy Home ownership is the pride of a mother nurturer and the kitchen her domain Home ownership is the pride of a father provider and protector of his territory and family.

Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned.

Home ownership is the place you build memories that can never be taken from you.

Memories etched in walls and concrete, experienced in rooms and floors, Memories living in trees and shrubs planted by your hand.

Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life.

It’s the height markers on your first child’s bedroom wall.

It’s the hearts drawn in the concrete slabs when you pour your patio floor It’s the birthday parties, and anniversaries in the living room and kitchen.

It’s the back yard barbecue with friends, neighbors and family contentions it’s the high school and college graduation, and wedding receptions Its’ the family nights and block parties and the fellowship of family connections Home ownership It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire.

It’s more than money saved, gifts recieved and grants obtained It’s more than the debt you incur to buy it.

It’s more than the payments you make to own it.

It’s more than the appreciation that comes with keeping it over time.

It’s memories, it’s family, and it’s life that can happen in one place Until you say it’s time to move.

By Eric Lawrence Frazier MBA CA BRE 01143484 | NMLS 461807

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