DiMarco Realtors - June 2020

DiMarco Realtors - June 2020

San Diego Orange County Inland Empire Los Angeles Bay Area 888-271-7760 | DIMARCOREALTORS.COM | DIMARCOLEGAL.COM | JUNE 2020 News From Your Home & Loan Resource Network DiMa r c o ’ s 2 C e n t s

Find What’s Good in Your Life And Hold On to It

I hope this finds you healthy and well.We’ve been thinking of you during this time. I know the last couple months have been a very difficult time for our world, and I keep thinking about all the people in my life and hoping everyone is doing all right. Going through something like this makes you realize how important your people are to you. I’ve found myself reaching out to friends and acquaintances I hadn’t talked to in years because I want to know how they are. I’ve heard the same from others — they’re reaching out to one another and checking in with friends and family more often. I hope this outpouring of support and kindness is something we can take with us into the future. It’s strange to think that anything positive could come out of all of this when so many people are suffering, yet I’ve seen so many examples of compassion and kindness in the world recently.

People are realizing what matters in life.You realize how important it is to tell people you love them when you have the opportunity.You realize what a gift it is to be in the same room as family and friends and even your coworkers! It’s easy to take these things for granted. Good health is like that too.You don’t appreciate it until you don’t have it. But not anymore.We’ve all been taking measures to keep ourselves healthy and well. Appreciating the importance of that is great motivation to make healthier decisions for ourselves all the time. For the first time in a very long time, life has slowed down a bit. Maybe it’s time to cherish that. Typically we have so much planned that sometimes it’s hard to actually savor those plans.You’re rushing through life just checking one event off your list before you move to the next one. I’ve found myself cherishing the time I have at home, and it has me thinking, why can’t I do this all the time? It’s a discovery I plan to take with me into the future: to take life a little bit more slowly, savor each moment a little more, and appreciate the good things.

Your Legal Resource

As an attorney and advisor for real estate and loans, I get a lot of requests for help on a wide range of topics, including getting out of debt, rental properties, insurance, partnerships, trusts, and taxes.While I can’t provide legal representation or advice on all topics, I can be a helpful resource by giving you direction.

When you need practical advice and don’t know where to go, I’m here for you.

Darren DiMarco | [email protected]

888-271-7760 | DIMARCOREALTORS.COM | DIMARCOLEGAL.COM | PAGE 1

Andy Says

is open and operating. Second, the lender will need confirmation that the business’s current income is consistent with the income used to qualify for the new loan. A current business bank account statement may be required to show deposits. If the deposits are less than the business receipts — averaged monthly — shown on the last tax return, then the business owner’s income will be reduced for loan qualification purposes. And as you might expect, money received from the Payment Protection Program is not included in the deposit totals. 5. Forbearance Plans: There has been great uncertainty over the last several weeks as to the consequences to homeowners who have been granted forbearance from making full payments on their home loans during the COVID-19 crisis. The Federal Housing Finance Agency has now announced that these homeowners “will not be penalized” and states the following: “Borrowers are eligible to refinance or buy a new home if they are current on their mortgage (i.e. in forbearance but continued to make their mortgage payments or reinstated their mortgage). Borrowers are eligible to refinance or buy a new home three months after their forbearance ends and they have made three consecutive payments under their repayment plan, or payment deferral option or loan modification.”

Hello Friends,

As a follow-up to our last column, here’s the latest on mortgage industry changes caused by the coronavirus pandemic.

1. Mortgage Rates: Rates are still at historic lows!

2. Cash-Out: Some lenders have suspended offering cash-out loans on condos and on investment/rental properties. Others have suspended funding cash-out loans altogether. Cash-out loans are refinance loans that increase your principal balance of your existing mortgage. (It is not “cash-out,” however, if you are merely increasing your existing balance to cover the loan’s closing costs, plus up to an additional $2,000 leeway). 3. Rental Income: If you’re applying for a home loan and you own rental properties, then expect either to prove that your tenants have paid their rent current OR have a 25% reduction applied to positive rental income reporting on your tax returns.

4. Self-Employed Borrowers: First, within 10 days of the loan closing date, there must be verification that the business

I’m wishing you and yours health and safety,

Can’t Sleep? There’s an App for That

On Sunday, June 20, the sun will stay up in Alaska until almost midnight, longer than any other day of the year. That’s because June 20 is the summer solstice, the day when one of the Earth’s poles is tilted so drastically toward the sun that light hits our whole hemisphere for a few extra hours. It’s a beautiful phenomenon, but it can also be disruptive — particularly if you’re trying to sleep.

of psychology called “psychoacoustics” for its custom sound blends. Its researchers combine ambient sounds with narration to create “dreamscapes” tailored to different points in your sleep cycle. It’s a well-thought-out product with a clinical trial under its belt. Head to Pzizz.com to learn more or download the app through the Apple App Store or Google Play for a seven-day free trial. Calm: Have a Celebrity Read You a Bedtime Story If you’ve been feeling nostalgic for the bedtime stories of your childhood, then Calm is the app for you. This

Life has already thrown a lot of stressors at us over the last six months, so if the extra daylight is the icing on the cake of your insomnia, it might be time to turn to your smartphone for some high-tech help. These two innovative apps can help you get your eight hours in spite of Mother Nature’s curveballs. Pzizz: Wander Scientifically Crafted ‘Dreamscapes’ Step aside, white noise machines: Pzizz is here to take background noise to the next level. Instead of simply playing ocean sounds or chirping birds to help you doze off, this app relies on a branch

award-winning application was named the world’s happiest app by Timewell and has helped thousands of people de-stress since it came online in 2012. Though it’s perhaps best known for its meditations, the app also has a library of “Sleep Stories” for adults and kids alike, many read by famous voices like Matthew McConaughey, Stephen Fry, and Alan Sklar. Head to Calm.com to browse the library or download the app from the Apple App Store or Google Play.

Good luck, and sweet dreams!

888-271-7760 | DIMARCOREALTORS.COM | DIMARCOLEGAL.COM | PAGE 2

Can a Referral Make a Difference?

St. Jude is on the front lines in the fight against childhood disease, and we want to help. Do you know someone who is moving? Refer them to us, and for every referral we help, we donate $500 to St. Jude.Your referral makes a difference. Referring is easy: Call or text me at 949-391-7511 or email Darren@DiMarcoRealtors com. We and St. Jude thank you.

Show Your Loved Ones How Much They Mean to You 3 Ways to Express Your Love

Fig Caprese Salad

With Mother’s Day last month and Father’s Day approaching, plus National Best Friends Day on June 8, there are a lot of great opportunities to show the people in your life how much they mean to you.Your thoughtfulness doesn’t have to be relegated to a specific day, either — your parents, siblings, and friends will appreciate hearing from you any time of the year.

Here are a few ways to let others know how much they mean to you.

Inspired by BonAppetit.com

Ingredients

Send them a thoughtful letter. Take a moment to think about the person or people who mean a lot to you.What do you most love about them? What do you admire about them? As you think about these questions, take the time to write down some of your answers. These notes can become the outline for a touching letter to your loved one, letting them know how much you appreciate them. Take the time to do this the old-fashioned way if possible. There’s something magical that happens when you put pen to paper and write down your thoughts. Get them a subscription for their favorite treat. You know how much your dad loves that specific type of coffee or how your mom finds the chocolates from one company to be superior to all others? Many companies offer subscriptions, so give a gift that keeps on giving with a unique subscription box. Send a care package. If there’s a local hot sauce or locally made peanut brittle from your neighborhood coffee shop that you love, chances are your loved ones would enjoy it too. Give them a taste of your hometown and a peek into your life with a locally sourced care package. Plus, this is a great way to support local businesses. These are just a few ideas to get you started.You know your loved one best, so think of something that would mean a lot to them and show them how grateful you are to have them in your life.

•

Flaked sea salt, to taste

•

8 oz buffalo mozzarella or fresh mozzarella

•

Coarse ground black pepper, to taste

•

8 oz ripe fresh figs, quartered lengthwise

•

Olive oil, to taste

•

Handful of basil leaves, roughly chopped

Directions

1. Tear mozzarella into bite-size pieces. Arrange on a platter.

2. Place quartered figs, flesh up, around mozzarella.

3. Sprinkle basil leaves over top.

4. Season with salt and pepper to taste.

5. Drizzle with olive oil.

888-271-7760 | DIMARCOREALTORS.COM | DIMARCOLEGAL.COM | PAGE 3

DiMa r c o ’ s 2 C e n t s News From Your Home & Loan Resource Network

Darren DiMarco 949-391-7511 Call or Text [email protected] Realtor®, CalBRE# 01071383, NMLS# 361115 Diane DiMarco 949-829-1570 Call or Text [email protected] Realtor®, CalBRE# 01896291 Chris Hertsgaard 949-391-3411 Call or Text [email protected] Realtor®, CalBRE# 01363354 Cristina Iacobelli 760-519-3294 Call or Text [email protected] Realtor®, CalBRE# 01986394

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

Law Offices of Darren J. DiMarco

PO Box 704 San Clemente, CA 92674

Your Real Estate Advisors: Darren, Cristina, Diane, and Chris

1

Taking Time to Cherish What Matters

2

Andy Says …

Can’t Sleep? There’s an App for That

3

Show the People inYour Life They Matter

Fig Caprese Salad

4

The Friendly Neighborhood Spider-Men

Legend of the Stockport Spider-Men

“You’re running around and you’ve got a mask, but you don’t even think about how uncomfortable you might be in it because you go around and you just see these families and they are just happy. It is what we need. Right now, it is what we need. Definitely warms your heart.” Baird was inspired by his friend’s mission and asked to join in. Since late March, both men have been spending their hour jogging through different neighborhoods in Stockport. Though neither Spidey slings webs or climbs walls, children and adults of Stockport alike have been delighted to see them. Spider-Man toys, drawings, and signs have appeared in windows all over town as a way for families to show their love for these Stockport Spider-Men.

Everyone knows superheroes like to hang out in NewYork City, but during the COVID-19 pandemic, one beloved arachnid-themed hero seems to have made a special trip to the United Kingdom. The U.K. government has allotted citizens one hour of outdoor exercise time per day, so Andrew Baldock and Jason Baird of Stockport, Greater Manchester, in England have been utilizing that time to bring a little joy to their town by dressing up as Spider-Man.

Baldock, a children’s martial arts teacher, has worn a Spider-Man costume to martial arts lessons in the past.With schools canceled and children in his community required to stay indoors, he

decided to don the mask of the famous webslinger during his daily jogs.

“I’ll do this every day as long as my legs hold out. It’s just to keep everyone smiling,” said Baird.

Right now, we could all certainly use another reason to smile. These superheroes are certainly helping their community in a big way.

“I’ve seen this as a way to be able to put smiles on kids’

faces as they’re stuck inside,” Baldock said.

888-271-7760 | DIMARCOREALTORS.COM | DIMARCOLEGAL.COM | PAGE 4