Miguel Aguilar

Riverside Lake Community

Beautifully renovated home in Lake Riverside Estates. Home has all new flooring, new electrical fixtures, new plumbing fixtures, new upgraded BLK appliances, fresh interior/exterior paint. Price includes washer and dryer too. Home looks great and feels as good as new. Home is very private and includes views of the surrounding hills and its amazing lake. Lake Riverside Estates is a gated community 20 minutes east of Temecula. Amenities include a scenic lake, a community pool, riding trails, park and a private landing strip for small aircraft. Check out the pictures then come see for yourself 

Priced at $209,900 3 Bedrooms 2 Bathrooms and 2025 square ft of living space on a 3.02 acre Lot 

 www.RealtorWithStyle.com Miguel Aguilar 951-634-8843 





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“The Cove”

Priced to sell $237,000 

Beautiful turnkey home nestled at the base of the San Jacinto mountains in the quiet, very desirable community called “The Cove”. This home is well maintained and clean inside and out! The kitchen features granite countertops and an open floorplan that leads into the living room. The front and backyard are fully landscaped with water wise plants and rockscape. All 4 of the bedrooms are located upstairs. Good sized master bedroom and bath with walk in closet. The community offers two private, gated parks for residents only. Great veiws of the mountains and a great location off of Warren Rd. close to Dominagoni Parkway and the 79. Minutes away from schools and shopping.

Please contact Miguel Aguilar at 951-634-8843 or Miguel@MiguelsWorld.org



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Beautiful Corona Hills Neighborhood located in a quiet, family oriented community called ‘The Summit’

The SummitThis Beautiful well kept home is ready and showcases well! This home is located in the beautiful Corona Hills Neighborhood located in a quiet, family oriented community called ‘The Summit’ This home has great curb appeal with mature landscaping and hardscape.This home features 4 Bedrooms and 2.5 Bathrooms, a formal living room & dinning room, with a spacious kitchen that flows into a nice size family room with fireplace that is great for family entertaining. The yard has privacy for gatherings and great space for family pets as well. This home is one to see!! For additional information please contact me at 951-634-8843 or email me at Miguel@RealtorWithStyle.com 

Three Types of Loans to Help Young Buyers into Homeownership

The road to homeownership can seem pretty steep to young, potential homebuyers. Their lives seem fairly stable but there are some factors that give them pause:

  • The economy isn’t growing at a comfortable rate.
  • The job market offers slim pickings at best.
  • Low consumer confidence in the housing market
    and other economic areas.

With all this said, right now is actually an excellent time for new homebuyers; perhaps the best opportunity they’ll get in their lifetime and they should know not to miss out.

There are three solid loan choices to help young, new homebuyers dive into this “market of a lifetime.” Let’s review:

1. VA loans

Available to veterans and guaranteed by the U.S. Veteran’s Administration, VA loans frequently offer interest rates that are lower than those of conventional loans, and don’t require private mortgage insurance requirement, which saves you additional money each month. The government-backed loans are available to veterans, reservists, active-duty personnel, and surviving spouses of veterans, and require no down payment, no cash reserves, and no application fee. Also, the seller is required to pay certain closing costs, which decreases the closing costs for the borrower as well. You can also cash out a certain portion in order to pay off some consumer debt with the refinance loan program. WJB offers the VA Interest Rate Reduction Refinance (IRRRL) loan program, which can significantly reduce the interest rate on an existing VA loan.

2. FHA loans

FHA loans were created to help borrowers who wouldn’t otherwise qualify for a traditional home loan or would be subject to higher interest and high mortgage insurance. Available as 30- and 15-year fixed-rate loans as well as 3/1 and 5/1 ARMs, the loans require only a 3.5 percent down payment, which can be from a qualified gift, and there are no income limitations. These loans offer flexible underwriting, and a non-occupant family member may co-sign (for single-family homes only). Property condition standards are much more relaxed than they used to be for these loans, and borrowers can even roll in non-structural rehab work totaling up to $35,000 on the home. Also, the federal mortgage insurance for these loans is usually much less expensive than private mortgage insurance (PMI), which saves you some money.

3. Loans with 97 percent loan-to-value

These loans are just what they say: they let you finance up to 97 percent (with DU approval only) of the home’s value, which makes them an excellent start for young homebuyers wishing to buy, but not having much for a down payment. With only 3 percent down, you can finance the purchase of a single-unit primary residence with a price tag of up to $417,000.

Mortgage insurance companies may have additional guidelines.
Please contact me with any questions to guide you to my proffered lender 951-634-8843 Miguel@MiguelsWorld.org

Understanding FHA Financing To Purchase Your Next Home

I am asked on  a weekly basis “what are the programs out in the market to help maximize my purchasing power”


In 1934, the federal government established the Federal Housing Authority (FHA). The FHA was not created to actually lend money; rather, it was created to insure the loans made by approved lenders to protect the lenders against defaults on the loans.

If a borrower obtains an FHA loan and then defaults on it, the lender is compensated by FHA, and thus the lender will not lose as much money and is therefore more willing to lend according to FHA guidelines.

Inviting Terms
Originally considered a program mainly for first-time buyers, FHA loans are now one of the most popular types of loans for all types of borrowers due to a variety of attractive features:

  • Low down payment. FHA loans let new buyers put down as little as 3.5 percent of the home’s purchase price. Gift funds may be used for the down payment, which means you may not need to come up with any cash at all.
  • Market-appropriate loan limits. For many years, FHA loans had very low maximum loan limits. But in 2007 the FHA raised its loan limits to equal the median home price in your market.
  • Lower credit requirements. While there are no set credit requirements, it’s best to contact me to determine if your credit history along with other factors will qualify you for an FHA loan.
  • Low up-front mortgage insurance rate. The FHA requires mortgage insurance to protect itself from loan defaults, but premiums are only 1 percent of the loan amount. The premium can be paid directly by the borrower or rolled into the loan amount.

In the past FHA loans were considered “risky” or too much trouble for lenders, with strict regulations and requirements that had to be met before an FHA loan would be approved. Borrowers who applied for an FHA loan were also sometimes considered high-risk, because usually they would not qualify for conventional funding. Relaxed guidelines combined with the state of the market have taken the stigma off of these loans and made them a great choice for nearly any borrower.

Other Considerations
While FHA loans offer less stringent terms than you would find with conventional loan requirements, they are also designed to ensure responsible homeownership. FHA loans impose ratios on borrowers’ debts in relation to their income. The FHA also requires you to pay 1% of the loan amount as an upfront mortgage insurance premium. In addition, annual mortgage insurance payments are also required, divided into monthly payments of 1.10% to 1.15% for 30-year loans, according to the loan-to-value ratio.


If you would like additional information please contact me to direct you to my preferred lender to help you with any questions 951-634-8843 miguel@miguelsworld.org

Looking to Buy? It’s Time to Make a Move

Looking to Buy? It’s Time to Make a Move

Whether you are considering a first home, a larger home for a growing family, moving into your dream home or perhaps buying a second home or rental property, two key economic factors, mortgage rates and home prices, have lined up in your favor. Let’s take a look at how they are working together to give you extremely potent buying power and why you should take action now before these favorable conditions change.

Irresistible Interest Rates
When you read in the newspapers that rates are at historic lows, this is not an exaggeration. Interest rates on home loans truly are at the lowest they have been in decades. The reason for this is that due to the recent “Great Recession,” the Fed has had to lower the federal funds rate to between 0 percent and 0.25 percent. The federal funds rate is the interest rate at which savings banks, commercial banks, savings and loan associations and credit unions trade balances with each other.

The federal funds rate impacts all other rates, including mortgage loans, so, at times of slow or no economic growth, the Federal Reserve will lower the federal funds rate in hopes of making credit cheaper to all people and in turn boosting the economy. This is why home mortgage rates have remained so low. The moment the economy starts to truly grow, the Federal Reserve will start to increase the federal funds rate, and home financing loan rates will follow suit.

Right now, mortgage rates are incredibly attractive after a downward slide over the course of 2011 that ended with 30-year fixed-rate mortgages in the 3.9 percent interest rate range. So far, in 2012, rates have topped the 4 percent mark, according to surveys from the Mortgage Bankers Association, but these are still historic lows.

Will rates stay like that? Well, factors such as increases in retails sales and improvements in unemployment are pointing to a recovery. After a spike to 10 percent in October 2009, unemployment rates have been on a solid downward trend since September 2011, and have been hovering at 8.3 percent.

Certainly, qualifying for loans is harder these days. More rigorous documentation is required, and down payment requirements and other lending terms aren’t as loose as they were during the 2005-2006 real estate boom, but if you are in solid financial shape, you needn’t worry. I’d be happy to sit down with you and look at what loans make the most sense for your financial position, and to work out different scenarios using today’s low rates, as well as rates after possible increases in the near future.

Home Prices
In terms of home prices, now has never been a better time to buy. After spending months at stratospheric highs during the real estate boom, homes that had doubled in price by 2006 are still below their pre-bubble values.

If anything, home prices are still in retreat. Using data from the National Association of REALTORS®, the median cost of existing single-family homes ended 2011 nearly at the same price it began the year, $158,000. And that price tag is down from 2010 and 2009.

That said, inventory might be starting to slip, which could see prices go higher. In recent months, housing inventory has been hovering around a six-month supply (at current sales rates), with roughly 2.4 million homes for sale. That might look like a lot, but it is nearly 20 percent below what it was a year ago.

Using simple supply-and-demand, it’s not hard to see that with declining inventory, today’s low prices could go up in the not-too-distant future. This is just as true for today’s rock-bottom interest rates, so it’s not hard to see why savvy homebuyers are responding to the bargains. All-cash purchases of existing homes are accounting for roughly 30 percent of transactions, and investors are accounting for more than 20 percent of purchases. The investors know a good deal when they see one, and today’s lending and real estate environment represents an amazing bargain indeed.

Make Your Move
The numbers don’t lie. You will most likely never see a better buying opportunity than now. If you are considering a purchase of a larger home to accommodate a growing family, the dream home you’ve always wanted, an investment property or any other home purchase, take the time to review the numbers. Mortgage rates and home prices have created a spectacular buyer’s market.

But remember, it won’t stay this way forever. An improving economy could foster higher rates, and declining inventory could see prices go up. If you are on the fence about a real estate decision, don’t be. Now is the time to make your move. Please contact me using the information provided on this newsletter and I’d be happy to help you develop a strategy to take advantage of this historic opportunity.


This will not last so please call me with any questions and I may direct you to my direct lender

Miguel Aguilar 951-634-8843 miguel@miguelsworld.org 

The Value of Pre-approval To Purchase Your Home

The Value of Pre-approval To Purchase Your Home 

For many new homebuyers, the terms pre-qualification and pre-approval seem interchangeable. But they are not — and the distinction is an important one. When a homebuyer is pre-qualified, the lender performs a quick check to determine generally how large a home loan the buyer can afford. Essentially, when a buyer is pre-qualified, the lender is saying it would most likely approve the buyer for “x” amount.

Pre-approval goes much deeper. In order to issue a pre-approval, the lender examines and verifies the borrower’s debt, income, savings, assets and credit report to ensure the borrower can repay the loan amount. Where pre-qualification is a sort of educated guesstimate of the buyer’s purchasing power, pre-approval says the prospective lender would definitely be approved for the loan.

This is particularly useful when home shopping for multiple reasons. To begin with, pre-approval instantly lets you know what your actual budget is. Knowing what you can afford from the outset will help you and your real estate agent better focus your efforts.

Being pre-approved also provides you with an advantageous position over other buyers, because pre-approval assures the seller that you have access to the loan necessary to back your offer. Your lender will provide you with a letter or certificate demonstrating that you are pre-approved for a certain amount of money, which you can provide as part of your offer.


Please let me know if you have any question so I may direct you to my lender

Miguel Aguilar 951-634-8843 miguel@miguelsworld.org


Knowing Your Home’s Value

Knowing Your Home’s Value

Your home is one of your most important investments and financial assets, but do you know its value? If you hesitate to answer, don’t worry, you’re not alone. Even if you’re not trying to sell right now, there are other reasons that you may want to know your home’s market value. And knowing this number can help you move quickly when it’s time to make a decision about any of the following actions.

Selling your home.
There might come a time when you need to sell your home. You might get offered an out-of-state job opportunity, determine it makes financial sense to downsize, or need to look for a larger home if your family is expanding. If you are ready to buy another home, your current home’s value can narrow down your options for your new purchase, and I can show you the financing options that will be available to you. Knowing your home’s market worth would certainly help you make an informed decision, and put you in a position to more quickly respond.

Refinancing your home.
There are a number of reasons to refinance. For instance, you might be able to finally tap into current low rates, or you might desire better terms. You can find out if you will qualify for a traditional refinancing program or if you may be eligible for the HARP II refinance program, which allows homeowners who owe more than their home is worth to restructure their loans into more stable products with a lower rate. Until you know your home’s value, you won’t know how advantageous or disadvantageous a refinance would be from a financial perspective. I’d be happy to assist you in exploring whether refinancing makes financial sense for your unique situation.

Making home improvements.
While you might have mulled over how home improvements, such as a bathroom makeover, new countertops, or perhaps an addition, could improve your enjoyment of your home and mused at what additional value they might bring, you really don’t know until you’re aware of your home’s value. Check what other homes in your areas have sold for, and pay particularly close attention to any sold properties that had upgrades similar to or the same as yours in relation to those that don’t. Once you get an idea of what your home might sell for, you can see if the upgrades you are considering are worth the expense, or if you might want to go with a more cost-effective option.

Reassessing your taxes.
Your county assessor’s office reviews property values on a periodic basis, and makes adjustments based on a property’s market value. In a down market this can mean much lower property taxes. Being aware of your home’s value can put you in a position to anticipate changes and do some tax and financial planning accordingly. That said, many assessor offices only shift their regular assessments by a maximum amount or percentage of the previous year’s value. However, many states offer an appeal mechanism that can help you push for a lower reassessment to ensure an even more advantageous (and fair) property tax break. But the key is to know your home’s actual value and be able to document it.*

So, how do you determine your home’s value? Your first instinct might be to go to a popular website or download an app for online services that provide estimated real estate values. While these services might offer some instant gratification, they might not take in all the factors and trends that will give you the most accurate estimate of your home’s worth.

Especially if you are considering a move, the best option is to go to a real estate agent that has expertise in your marketplace. An experience professional who is familiar with the properties in your area and has been involved in numerous local transactions will have not only the tools and information but also the context and expertise to get a more accurate read on your home’s true market value. An experienced agent can bring insight into your local market and help you see opportunities that you may not have considered before. This also gives you the opportunity to find a trusted agent that you can work with when it’s time to buy or sell.


Please call with any questions to 951-634-8843 or email me at miguelsworld@gmail.com

The home loan process

Thanks to my lender this is what you can expect and please feel free to ask any questions or call me at 951-634-8843 www.miguelsworld.org


The home loan process can be intimidating. It’s a transaction with many aspects that may be unfamiliar to you. Understanding how the process works is a great way to remove a lot of the stress you may feel when making such an important decision.

Below are the 10 core steps of the loan process that must occur in order for your loan to be funded. If you have any questions, don’t hesitate to contact me for a free, no-obligation consultation.

  1. You and I review your mortgage options based on your specific financial needs. There are a lot of choices and it is my goal to help you find the program that you are most comfortable with and to ensure you are completely educated on the features associated with your choice.
  2. Complete the loan application. I will take your application and ask you to provide important documentation, such as pay stubs, W2s, bank statements, etc., at an early point in the process.
  3. Your personal documentation is gathered. The title of the home and all verifications are ordered when you are refinancing or have a purchase contract. The title company will send disclosures for you to complete and return.
  4. Appraisal of the home is ordered. If you are refinancing, the appraiser will call you to set up an appointment. If you are purchasing a new home, the appraiser will use the lock box to access the property.
  5. Loan is submitted to our professional underwriting team for review. This is the first review of your application to check all the information is there and all the numbers are adding up properly.
  6. You receive periodic loan status updates throughout the process.You will be receiving emails and follow-up phone calls from me, updating you at various points throughout the loan process.

    In addition, I can check on the status of your loan at any time, and can even look up the name of the person who has it at any moment in case we need to contact them for a status update or to provide them with additional information. I am here to support and inform you throughout the entire process.
  7. Loan is submitted to underwriter for final approval. The underwriter reviews your documentation and determines whether the information listed on the application meets the guidelines. WJB has some of the fastest turn times in the industry for review of loans, which helps ensure you will go to closing when you planned, with no costly delays.
  8. Title company sets up an appointment to sign documents. Once the title company receives the loan documentation, they will call you to set up an appointment. At this time they will give you the final closing figures.
  9. Signed documentation is sent to funder. The loan will go through quality control in which a funder makes sure everything is in the file to make it compliant with state and federal law.
  10. Loan funds and you have a new mortgage. For a new home purchase, once the title company receives the funds, they will send the deed to the county recorder’s office to be registered and filed. After the loan has recorded, the transaction is complete and your agent may now give you the keys to your new home. For a refinance, no deed needs to be sent, but the terms of your loan are documented and filed.

Can I Buy A Fixer Upper With My FHA Loan ?? Why Yes, FHA 203(k) Loan!

The FHA 203(k) loan enables qualified borrowers to purchase a home that may need repairs or to refinance an existing home for the purpose of remodeling. You can borrow monies to purchase the home and make the repairs and upgrades with only one set of paperwork and one set of closing costs!

These loans are especially great for FHA properties, older homes and REO homes — but any home can benefit from some remodeling or cosmetic fixes, to make it your own.

With FHA 203(k) rehabilitation lending, you have a convenient alternative to a second mortgage or HELOC for repairs, renovations and improvements. The loan amount is based on the as-completed value of the home, rather than the present value.

The benefits of an FHA 203(k) include:

  • Purchase and refinance on 1- to 4-unit primary residences
  • One underwriting review and one closing for rehabilitation construction and permanent financing saves you time and money
  • Loan based on after-improvement value of the home
  • Down payments as low as 3.5%
  • Family members may pay all of the borrower’s required down payment, closing costs, prepaid expenses and discount points

Even if you don’t have a lot of cash at hand, you may still be able to qualify for a 203(k) because of the allowance for family members to contribute funds.

My Lender WJB offers two types of 203(k) loans: the Streamline Renovation loan and the Standard Renovation loan. Below are details on both:

Streamline Renovation Loan
Program Benefits:

  • Total rehabilitation costs up to $35,000
  • No HUD Consultation necessary
  • No contractor approval necessary

Some examples of allowed renovations are:

  • New roof
  • Minor remodel of kitchen or bath
  • New HVAC
  • Upgrade electrical or plumbing systems
  • New carpet or paint
  • Install hardwood floors
  • Purchase of new appliances
  • Repair insect or weather damage
  • Replace windows
  • Finish basement

Standard Renovation Loan
Program Benefits:

  • No limit on repair amount; $5,000 minimum
  • Inspection fees for up to five draws are included in loan amount
  • Single-family homes, PUDs and 2-4 unit primary residences are eligible
  • HUD Cost Consultant fee may be rolled into the mortgage
  • Mortgage payments for up to six months may be included if the property is not habitable during renovation

Some examples of allowed renovations are:

  • New roof
  • Remodel kitchen or bath
  • Room addition
  • Structural alterations or reconstruction
  • New HVAC
  • Upgrade electrical or plumbing systems
  • New carpet or paint
  • Improve landscaping
  • Install hardwood floors
  • Purchase and installation of new appliances
  • Repair or replacement of structural damage
  • Replace windows
  • Finish basement
  • Energy conservation improvements
  • Major landscape work and site improvement

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