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Dave & Pat Zumbrun

(805) 340-9338

Pat Zumbrun
Broker/Owner-SFR
Email Pat at patz4re@aol.com  
Cell: (805) 340-9338
BRE #01229401


Dave Zumbrun
Broker/Owner-SFR
Email Dave  at zman4re@aol.com
Cell: (805) 340-9339
BRE #01227683

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Monthly Archives: December 2020

Refinancing Your Home: Calculating Your Costs

Interest rates hit historic lows in 2020. This helped spur on Ventura home buyers to purchase new properties even during these turbulent times. It also brought lenders out of the woodwork, enticing people to refinance their current home loans to take advantage of the lower rates. But before you sign on the dotted line, you need to know the cost of refinancing your Ventura home. Why? Because it might not be worth it.

If you are contemplating refinancing your Ventura home to a lower interest rate, you might want to consider the costs first.

Home Refinancing

How Much Will a Refi Cost?

Search Ventura County homes for saleWhile you forego agent fees on a home-refinance, it still comes with other fees that quickly add up. According to Lending Tree, a home refinance costs anywhere from 2% to 6% of your loan amount. For a $500,000 mortgage, that ranges anywhere from $10,000 to $30,000. That is nothing to sneeze at.

How Much Will a Refi Save?

That depends on the size of the loan. Let’s say you bought your Ventura home four years ago for $500,000. You pay 3.5% on your 30-year fixed-rate loan. With your excellent credit score, you qualify for the 2.5% that Wells Fargo currently reports. Your payment decreases from $2245 per month to $1816 per month when you refinance for another 30-year term (a savings of $430 per month). With closing costs estimated at $13,800 (based on 3% of the loan), you will not recoup the cost of refinancing for 33 months.

If you decide that you want to keep to the original 30-year timeline and just refinance for 26 years, you save $237 per month. That draws your recuperation period out even longer. But you do not add any time to the life of your loan.

Is it Worth it?

That depends on how long you plan on living in your Ventura home. If you want to live in your current home for another five years, the cost may be worth it. However, if you think you might put your property on the market in the next year or two, a refi might not be your best choice. Discuss all options (pros and cons) with your lender before determining whether or not a refinance is right for you.

Dave & Pat Zumbrun, your Ventura County real estate specialists

Ventura CAN Tree Food Drive 2020

Millions of people around the world have been affected by COVID-19 this year. With California entering another shutdown, millions more will find it difficult to put food on the table. And that is in addition to the millions struggling before this most recent shutdown. If possible, please consider donating to the Ventura CAN Tree Food Drive 2020. Help your neighbors get through the rest of this holiday season without going hungry.

Help our struggling neighbors get through this holiday season by donating to Food Shares Ventura County's Ventura CAN Tree Food Drive 2020.

What: Ventura CAN Tree Food Drive 2020
Where: Ventura Harbor Village
When: Saturday, December 19th
Contact: Jennifer, Caldwell, Food Share Ventura County (805) 983-7100 or via email

Ventura CAN Tree Food Drive 2020

Search Ventura County homes for saleThe Spark of Love Holiday Toy Drive takes place around Ventura County until Christmas Eve. This surely brightens children’s Christmas mornings with toys to unwrap. But so many families struggle with food insecurity normally. COVID-19 only exacerbated the problem. So to ensure that these families also eat this holiday season, Food Share Ventura County hosts their annual Ventura CAN Tree Food Drive this month.

How to Participate

The traditional way of participating in the past was to bring canned food items Ventura Harbor Village. This year, however, things have changed. In keeping with CDC guidelines, canned food drop-off has been suspended. Instead, Food Shares offers three options to choose from: buy and build, sponsor a tree, or build your own.

Buy & Build – Donate $650 and Food Share provides the canned goods and building materials needed for you to create your own CAN tree at home or at your business. These materials can either be picked up or delivered to you. It is a wonderful way to show your support as well as raise awareness for others in the Ventura community.

Sponsor a Tree – For a $750 donation, volunteers at Food Share build a tree with your family or company name on it. The tree becomes part of the public showcase featuring other trees on December 19th in Ventura Harbor Village.

Build Your Own – Finally, get your friends, family, and neighbors involved. Solicit canned food donations from them to build your very own Ventura CAN Tree. Each tree requires anywhere from 600 to 800 15 oz. cans to complete. Take a photo and email it to Jennifer Caldwell at Food Shares.

After the event, either drop off your cans at the Ventura Food Share offices or contact Food Share to schedule a pickup. Happy holidays from our family to yours.

Dave & Pat Zumbrun, your Ventura County real estate specialists

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