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Christine Mattoni's Blog

By Christine Mattoni | Agent in Simi Valley, CA
  • Looking for a Pet-Friendly Realtor?

    Posted Under: In My Neighborhood in Simi Valley  |  September 15, 2009 11:33 PM  |  1,780 views  |  1 comment

    Tail wagging, a happy dog bounds across the hospital lawn, towing her master, Christine Mattoni. She can barely keep up with this giddy canine who is beaming with joy and anticipation because they have an important appointment to keep. Christine is that rare breed of woman whose life is devoted to bringing joy to others, and her pal Jazzmin is a key part of that pursuit. This morning, they’ll visit shut-ins as part of a volunteer pet therapy program, where Christine will take Jazzmin on her rounds of seeing patients. Jazzmin will share her affection, make new friends and touch precious memories of those she visits.


    Hard Work Breeds Success

    While Christine’s life is defined by such acts of compassion, what sets her apart from others is her tenacious drive to overcome any obstacle in her path. At the tender age of nine, she honed her values by delivering a community newspaper with her dog, DJ, as sidekick and muse. Rain or shine she delivered the paper atop her little green Schwinn and earned the praise of others – a lesson that only deepened her drive to accomplish everything she sets her mind to. While working in a local convalescent hospital at age 14, she discovered she wanted a life that helped others through community outreach using pet visits to those needing connection.
    Christine was well served by these values as she launched her career in business. Overcoming her own financial obstacles, she worked three jobs and bought her first home at 22, doing most of the rehab work herself. She climbed the ranks at a advertising company, starting at the bottom and reaching the status of top producer. All along, Christine’s ability to set herself apart from her peers was evident. Her clients came to know and appreciate her drive and guiding principle, always producing amazing results. Yet she never lost sight of her core belief – hard work breeds success.


    A Breed Apart in Real Estate

    As a leading real estate agent, Christine is also a breed apart and she goes beyond expectations in all she does in every home purchase or sale. Her clients appreciate the marketing savvy, sharp negotiation skills and thorough commitment to providing them with the information they need to make sound decisions that will maximize their investment. Always immersing herself in the specific aspects of your unique lifestyle, Christine works to put you, your family and your pets in the best position.
    But Christine has a host of other strengths as well. Her three decades in both Ventura County and San Fernando Valley provide a unique knowledge and awareness of the investment possibilities in the area. She studies the housing market, listens to her clients needs and works tenaciously to help them exceed their goals. Christine is aware of the schools, neighborhoods and areas that are a perfect fit for her clients. Her exceptional client service helps buyers and sellers make smart decisions, whether they’re moving up, moving out or considering long-term portfolio options.

    A Compassionate Nature

    In addition, Christine takes great pride in helping clients who are pet owners to educate themselves about how using a pet-friendly real estate professional can lead to healthier, happier pets. It’s just a wider reflection of her sense of service and compassion for ensuring a pet’s safety, and making a move that’s as easy as possible for all family members.

    When searching for a home in Ventura County and San Fernando Valley, it’s crucial to work with an agent whose forte is compassion and proven business skill, from marketing to research. Christine Mattoni brings a wealth of expertise to the table and knows what it takes to achieve successful results. With her breadth of skill and passion for detail, Christine is truly A Breed Apart. Call her today and let this dedicated professional make your next move a complete success.

    Chrisine Mattoni proudly serves the real estate needs of the residents in Simi Valley, Moorpark and the surrrounding Conejo and San Fernando Valleys.



  • Understanding loan-to-value ratio

    Posted Under: Financing  |  September 15, 2009 11:19 PM  |  1,799 views  |  1 comment
    What is a loan-to-value ratio?
    One of the factors lenders consider before they approve a mortgage is the loan-to-value ratio (LTV).

    The LTV is the loan amount expressed as a percent of either the purchase price or the appraised value of the property. So, if you make a 20 percent cash down payment on a property you're buying, the LTV is 80 percent. Or, if you're buying a property for $250,000 and the mortgage amount is $200,000, the LTV is 80 percent (the $200,000 loan amount divided by the $250,000 purchase price).

    A mortgage with a high LTV is one where the mortgage amount is high relative to the borrower's cash down payment or to the equity in the property. For example, if the LTV is 95 percent, the mortgage amount is equal to 95 percent of the purchase price and the buyer's cash down payment is equal to only 5 percent of the price. From a lender's perspective, a high LTV mortgage is more risky than one where the LTV is low. When borrowers make a large cash down payment, or have a large equity in a property, they are less likely to default on the mortgage. Borrowers with less equity in a property have less to lose which puts lenders more at risk.

    Lenders often require borrowers of high LTV loans to pay mortgage insurance to protect the lender from a buyer default. This increases the cost of the mortgage. High LTV loans can also carry a higher interest rate and they are often more difficult to qualify for. Some lenders require borrowers to have a larger monthly income to qualify for a 95 percent LTV mortgage than is required of borrowers with a 20 percent cash down payment, even though the loan amount is the same.

    Sellers also have reason to be concerned about the buyer's LTV. If the buyer's LTV is high and the appraised value of the home comes in lower than the purchase price, the transaction is put in jeopardy. Part of the mortgage approval process involves an appraiser's report of the current market value of the property. If the appraised value comes in lower than the purchase price, the lender will base the LTV on the lower of the two amounts.

    Let's say you're putting 5 percent down on a $250,000 property. You need a mortgage for $237,500. The appraisal comes in at $245,000 and the lender is only willing to lend 95 percent of the appraised value, or $232,750--$4,750 less than you need to close. You may have to withdraw from the transaction unless you have an additional $4,750 cash to apply towards the purchase.

    FIRST-TIME TIP: Lenders of high LTV mortgages often require a second, review appraisal before they'll approve the loan. Sometimes this results in a lowering of the appraised value. If you find yourself in a situation where the appraisal comes in below what you need, you may want to move the loan to another lender who will be more lenient on the appraisal. One of the benefits of working with a mortgage broker is that he or she can move the loan from one lender to another quickly.

    High LTV buyers are at a disadvantage when they are competing with other buyers. If given the choice, most sellers would prefer to accept an offer from a buyer with a large cash down payment because there's less risk of the deal falling apart.

    THE CLOSING: To be more competitive, you may need to look at homes in a lower price range
  • The 4th Annual Wag 'n Walk

    Posted Under: In My Neighborhood in Simi Valley  |  September 15, 2009 3:32 PM  |  1,799 views  |  1 comment
    The 4th Annual Wag 'n Walk takes place at Rancho Simi Community Park (1765 Royal Avenue, Simi Valley) on Saturday, September 26th. Wag 'n Walk benefits Animal Rescue Volunteers, a non-profit organization dedicated to the rescue, rehabilitation and placement of homeless and abused pets in the Simi Valley and surrounding communities.

    Each year, a total of more than 190,000 beautiful companion animals are destroyed in the areas of Ventura County and Los Angeles Country. Animal Rescue Volunteers has played a vital role in assisting Animal Control Agencies to save thousands of unwanted pets- dogs, cats, and horses - before they are destroyed. Since inception,ARV hasrescued and placed more than 5,000 animals into loving homes.ARV is anall volunteer organization, relying solely on private donations and foster homes to continue its work. ALL monies raised at the Wag 'n Walk go directly to benefiting homeless animals.

    Wag 'n Walk is a 3 mile walk to raise funds for ARV's efforts and donations are tax deductible. There are prizes and award for top fundraisers. The event includes a continental breakfast at 8 a.m., opening ceremony at 9 a.m., 3 mile walk, doggie costume contest, search dog demo, silent auction and doggie adoptions.

    For more information and to register, visit www.arvsimi.org or call 805.579.8047
    Hosted By: Animal Rescue Volunteers
    Saturday, September 26, 2009
    8:00am - 12:00pm
    Royal Avenue
    Simi Valley, CA

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