Category: ‘Uncategorized’

County of Los Angeles Property Reassessment Deadline

November 4, 2011 Posted by Andre Hemmersbach

The County of Los Angeles has made it easier than ever to have have your property assessed at the correct value. The assessed amount directly relates to the amount of our annual propert tax bill and if the county still has your property assessed at 2007, 2008 or 2009 levels you could save a couple of thousand dollars if you move fast. You’ll have to move fast because the deadline to submitt your reassessment request must be in by November 30th, 2011 or you will have to wait until June 1, of 2012.

Even as little as a $50,000 reduction in property value could save you as much as $625.00 a year, thats $52.00 a month for filling out a form online. Seeing the average home price in the Southbay was above $500,000 in 2007  and a 15% price drop would equal $75,000, a quick investigation could pay off handsomely!

You will need your AIN number and your PIN number which will be on your annual tax bill. Also I suggest having comparable sales, unless you trust the Assessor Office to be fair in evaluating your propertry value. Since the County will ask for two comparable sales from your neighborhood dated from January 1 through March 31 of 2010, a quick call to a local Realtor or my self may be necessary. 

If you have any questions on how to proceed or need assistance with getting your comparables, I would be happy to help!

Office: 310 540-1330 #137

Link to County of LA online form:

Copy of mail in form: LA County reassesment form

Happy Thanksgiving!

Andre Hemmersbach

Rate Update 8 4 2011

August 4, 2011 Posted by Andre Hemmersbach

Save Money With This Loan Product

June 25, 2011 Posted by Andre Hemmersbach

June 14 Rate Update

June 15, 2011 Posted by Andre Hemmersbach

Rate Update June 1 2011

June 1, 2011 Posted by Andre Hemmersbach

Mortgage rates have really fallen in the last 40 days and the news for some reason has not yet covered the story. Mortgage rates are just like gas prices in that they go up faster than they come down, so if you have been thinking about a refinance or a purchase now is the time to act! See chart below.

Bond Prices as of 6/1/2011 (Bond prices and rates have an inverse relationship so green is good for lower rates and red means higher rates.)

Continuing questions about the strength of the economy at home and concerns about the financial stability in Europe have once again made investors seek the safety of a steady income stream like those of treasury and mortgage bonds.

Current Mortgage Rates:
30 Year Fixed 4.49% 4.53 APR
15 Year Fixed 3.75% 3.75 APR
10 Year Fixed 3.25% 3.32 APR
10 Year ARM 4.125% 3.39 APR
7 Year ARM 2.875% 2.992 APR

All the above rates are for 80% LTV, SFR, Purchase loan, loan amount of $417,000, 780 FICO and Impounds. Call or email me with your scenario.

Sincerely yours,

Andre Hemmersbach