Meet Sue LaPeter — Prudential Real Estate's Top Producer

From the onset of her real estate career, Sue LaPeter set high expectations for her performance and level of service. A background in Title and Escrow provided a strong foundation upon which to build her business, which has grown over the years into a rock-solid team of experienced real estate agents.

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For Sale in Huntington Beach: 19471 Woodlands

This absolutely stunning coastal estate is quietly nestled in the prestigious guard gated community of SeaCliff on the Greens. This Huntington Beach home has 4 bedrooms,including 1 on the ground level, with views of the spectacular greenbelt and cascading fountain. A professional interior designer’s touch remodeled, updated and transformed the 3600 square feet into a light, bright and modern living space. The dramatic entry of this Huntington Beach home leads to spacious formal living and dining rooms with Travertine flooring, fireplace, wrought iron spiral staircase, and cathedral ceilings.
You’ll love cooking with the stainless steel appliances in the in the gourmet kitchen A breakfast bar, built in desk, custom countertops with tile black splash, and beautiful beamed ceilings make the kitchen one of this home’s best features. From the kitchen, step down into spacious family room. A flat screen TV, Travertine fireplace with glass crystals and floor to ceiling gorgeous wood built ins make this a perfect place for casual family gatherings.
At the end of the day, you’ll love relaxing in the impressive master suite. Curl up next to the fireplace or enjoy a glass of wine on the outdoor deck with panoramic views.  The suite has His and Her walk in closets and French doors that lead to the deck. The master bath features oversized Travertine shower and separate soaking tub.
Sparkling pool and spa, built in BBQ with lush landscaping that overlooks greenbelt. All interior furnishings are included in this price! Short walk to the beach and award winning Seacliff Elementary School!

Belmont Estate for Sale: 2740 N Springfield St, Orange CA

Beautifully upgraded Belmont Estates home at 2740 N Springfield Street in Orange, Ca!

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This lovely home features 4 bedrooms and 3 baths with one bedroom and full bath downstairs.

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The foyer opens to a large formal living room and dining room with vaulted ceilings, marble fireplace, stunning spiral staircase, and limestone flooring.

Sue Lapeter Designer kitchen includes Granite counters, dual ovens, built in refrigerator, and upgraded cabinetry. homes for sale orange california Off the kitchen, the Family Room offers a Wet Bar with Granite top, hardwood flooring, brick and custom wood fireplace, and surround sound.

Spacious Master Suite and stunning Master Bath with designer cabinets, marble counters, Travertine flooring, and separate marble shower.

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Extra large bonus/ billiard room upstairs!

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One of the largest lots in Belmont Estates with basketball court and rock waterfall! All this plus much more!!!! Villa Park Schools, Close to Belmont Park, and no Mello Roos.

Buying An Orange County Home: What Kind of Mortgage Should You Get?

adjustable rate mortgage orange countyThe Wrights’ Story

Having owned a house before, the Wrights were familiar with the basics of mortgages. They decided right away to get a fixed rate mortgage. With an adjustable rate mortgage, their mortgage payments would increase after 5 years. They had no plans to move in that time, and they knew their income wouldn’t significantly increase in that time either. They did not want to run the risk of interest rates sky rocketing, leaving them unable to make their mortgage payments. With a fixed rate mortgage, they would have the same house payments for the entire life of the loan and could budget accordingly.

Their next decision was whether to get a 15 year or 30 year loan. The 15- year loan had higher monthly payments, but the Wrights would pay less interest and would have the loan paid off sooner. Since they could afford the monthly payments, they decided to go with the 15-year loan. They hope to have the house paid off by the time they retire.

The Wright’s knew that the high demand and low inventory had made the market competitive. In order to stand out from other offers, they got pre-approved for a 15-year loan of $200,000. Once they got the approval, they put in an offer on a little townhouse in Orange.

The Thompsons’ Story

Just like the Wrights, the Thompsons also had to choose between a fixed rate and adjustable rate mortgage. When they began their home search, they were convinced that fixed rate was the way to go. However, as they began to search they realized they their dream home was a little out of their price range. Instead of looking for a house they could live in for the next couple decades, they started looking for smaller houses that they could stay in for the next 5-7 years.

Because they are planning to resell their house their house in the next 5-7 years, the Thompsons decided to go with an adjustable rate mortgage. The interest rate for an ARM was a full percentage point lower than for a 30 year mortgage. This will save them thousands of dollars over the next few years. They plan on selling the house before the interest rate adjusts, making a significant profit and then buying a larger house that they can stay in for 30+ years.

The Thompsons know the risks associated with ARMs and thought about the decision carefully. Even if they can’t sell the house before the rate adjusts, its very likely Lucas will be making a lot more money and that income can cover the additional costs. Plus, they plan on having one of their student loans paid off by then, so the money that was being used to pay those off can be redirected to pay off the increased mortgage payment. And of course, if they keep a good credit history there is the possibility of refinancing. The Thompsons felt that the benefits out weighed the risks and go pre-approved for a 7-year Adjustable Rate Mortgage.

Your Story

Finding the right mortgage is just as important as finding the right house, and often more confusing. Do your research and consider carefully if you want a fixed or adjustable rate mortgage and how long you want the loan to last. Your Orange County real estate agent is an excellent source of information when it comes to mortgages. There are also several online resources that will help you understand mortgages. Visit www.bankrate.com,  www.thetruthaboutmortgage.com or www.primelending.com for more information about mortgages. You can also email Orange County Realtor Sue LaPeter at sue@lapeterteam.com.