Melissa Melendez

Riverside County

Toni McAllister

San Diego Metropolitan Area

Lake Elsinore-Wildomar

California

I was elected in November of 2012 to represent the citizens of the 67th Assembly District in the California State Legislature.  I am honored to serve the cities and communities of:  Canyon Lake, East Hemet, El Sobrante, French Valley, Hemet, Lake Elsinore, Lakeland Village, Menifee, Murrieta, Temescal Valley, Wildomar, Winchester, and Woodcrest.

Murrieta

Temecula

Orange County

Los Angeles Metropolitan Area

Trabuco Canyon

Miranda Ceja

Rancho Santa Margarita

Mission Viejo

Lake Forest

San Clemente

San Juan Capistrano

Aliso Viejo

Laguna Niguel-Dana Point

Event on Saturday May 18, 2024 at 10:00am

"Spring into Swing" Garden Party on the Santa Rosa Plateau

Banning-Beaumont

It's never too late to help a child. Join us for Court Appointed Special Advocate(CASA) Orientation!

Event on Saturday June 8, 2024 at 11:00pm

Family Fun Fest June 7-9, 2024 - 3 Day Carnival & More!

Industrial Packaging Co. in Temecula has an immediate need for a motivated Employee.&nbsp; You will be responsible for shipping, receiving inventory as well as making deliveries.&nbsp; Equipment and general Labor duties.&nbsp; California Driver's License necessary.&nbsp; Good driving record.&nbsp; Must be able to work overtime if necessary.&nbsp; Paid Holidays, Paid Vacation, 401K and ability to grow with the Company.&nbsp; Monday - Friday, weekends off.&nbsp; Start $20+ / Hr.

Opportunity-Shipping, Receiving & Deliveries

Industrial Packaging Co. in Temecula has an immediate need for a motivated Employee.  You will be responsible for shipping, receiving inventory as...

A blended rate is a combination of interest rates on multiple loans for an individual or household and calculated as if they were just one rate. Our new HELOC (Home Equity Line of Credit)&nbsp;products in 2nd lien position&nbsp;may help&nbsp;reduce your monthly payments and overall blended debt rates significantly while getting you more cash out of your home up to as high as 90% LTV. Many homeowners will also be able keep their near record low fixed 1st mortgage loans in place.&nbsp; FHA and VA loans up to 100% loan-to-value.&nbsp;Asset-based cash-out loans with no income or asset verification are also available in addition to reverse mortgages with no monthly payment requirements.&nbsp; Rick Tobin Phone: (760) 485 - 2422 Realloans <a href="http://www.realloans.com" rel="nofollow" target="_blank">Realloans.com </a>Email: <a href="mailto:info@realloans.com" rel="nofollow" target="_blank">info@realloans.com</a> CA DRE 00964253 NMLS 1934868 NMLS 1883108 Equal Housing Lender&nbsp; "What's Your Blended Debt Rate?" article by Rick Tobin of Realloans: Those very fortunate mortgage borrowers with existing 1st mortgage rates at or below 3% or 4% might be hesitant to choose a new cash-out refinance 1st loan to pay off their rising unpaid consumer debts that may vary between 10% and 30%+ each. A blended rate analysis for an existing debt comparison to a new cash-out 1st or 2nd mortgage or HELOC (Home Equity Line of Credit) can be simplified by comparing the existing monthly debt obligations for the consumer with a proposed new cash-out mortgage or HELOC that pays off all of the existing mortgage and/or non-mortgage debt. For example, the Jacksons have a $400,000 1st mortgage that has a 3% fixed rate for 30 years. They funded the loan near the all-time record low time period in early 2021 and now have just under 28 years remaining on the loan. The Jacksons also have $50,000 in credit card debt that&rsquo;s compounding at close to 30% and two used car loans which combine for another $50,000 that average near 12%. To simplify this calculation, I used the exact same balances for an easier interest rate calculation estimate of 21% (30% + 12% = 42% / 2 = 21%). Let&rsquo;s now add the $400,000 mortgage at 3% to the $100,000 in credit card and automobile loan debt at 21% for a grand total of $500,000.&nbsp;Four-fifths ($400,000) of the Jacksons&rsquo; monthly debt is at 3% while one-fifth ($100,000) is at 21%. &#9679; $400,000 mortgage balance: 3% rate &#9679; $50,000 credit card balances: 30% rate &#9679; $50,000 automobile loan balances: 12% rate &#9679; New blended interest rate for all debt: 6.6% The Jackson&rsquo;s blended interest rate in this example is 6.6% for all of their monthly consumer debt when including their mortgage, credit card, and car payments. The Jacksons explore their HELOC (Home Equity Line of Credit) options that would be recorded in second position behind their existing 3% fixed rate 30-year mortgage that they don&rsquo;t want to lose. With this HELOC rate estimate provided, we will explore both a 9% and 10% HELOC rate to get the Jacksons $100,000 to pay off their 30% credit card and 12% automobile loan rates. &#9679; $400,000 mortgage balance: 3% rate &#9679; A new $100,000 HELOC: 9% rate &#9679; New blended interest rate for all debt: 4.2% &#9679; $400,000 mortgage balance: 3% rate &#9679; A new $100,000 HELOC: 10% rate &#9679; New blended interest rate for all debt: 4.4% Either way, a new HELOC that&rsquo;s used to pay off consumer debt may decrease the total monthly blended rate for all monthly debt by at least 2% (6.6% blended rate &ndash; 4.2% or 4.4% blended rate = 2.4% to 2.25% blended rate improvement). Credit card payment #1: Unpaid credit card balance: $20,000 Interest rate: 28.93% (average merchant card rate) Annual interest paid for one year: $5,786 ($20,000 x 28.93%) Monthly interest-only payments: $482.17 ($5,786/12 months) If the borrower just pays the absolute minimum interest-only payment of $482.17 per month, it will take 41 years and 7 months to pay off the unpaid balance. If so, this is 11 years and 7 months longer than a brand new 30-year fixed rate mortgage. The total interest paid by the borrower over this time period would be $220,496.44 (11 times the original $20,000 balance). The entire "What's Your Blended Debt Rate?" article by Rick Tobin of Realloans is linked here:&nbsp;<a href="https://realty411guide.com/whats-your-blended-debt-rate/" rel="nofollow" target="_blank">What's Your Blended Debt Rate? </a>For our reverse mortgage solutions with no monthly payments, please read this article:&nbsp;<a href="https://realty411.com/moving-forward-with-reverse-mortgages/" rel="nofollow" target="_blank">Moving Forward with Reverse Mortgages</a>

FHA, VA, HELOC, No Income Cash-Out & Reverse...

A blended rate is a combination of interest rates on multiple loans for an individual or household and calculated as if they were just one rate....

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Posting Activity

"Spring into Swing" Garden Party on the Santa Rosa Plateau

It's never too late to help a child. Join us for Court Appointed Special Advocate(CASA) Orientation!

Family Fun Fest June 7-9, 2024 - 3 Day Carnival & More!

Opportunity-Shipping, Receiving & Deliveries

FHA, VA, HELOC, No Income Cash-Out & Reverse Mortgages