Joke of The Day

A loan officer died and went up to St Peter at the Pearly Gates to present himself for admittance to heaven.  St. Peter said “you did a lot of good work helping people get into homes and you donated a lot to charity and worked on that Habitat House.  But, you told too many fibs to underwriters and you were unkind to your processor.  We aren’t sure where you quite fit up here.”

“So, we’ve decided to show you both Heaven and Hell and see where you might feel more comfortable.”  As the toured Heaven, there were big mansions, the street was paved in gold, but the harp music got on his nerves.  Then St. Peter showed him Hell.  He noticed that there were golf and tennis courts, people hanging out by the pool with drinks in their hands, dancing, playing cards.  He told St. Peter that this was going to be a difficult choice and he would think about it and let him know in the morning.

The next morning the loan officer approached St Peter and told him that he was going to choose Hell.  So, St. Peter opened the gates to hell.  It was a whole different picture.  Fire, brimstone, people burning, being tortured and screaming.  It was hot and horrible.

“Hey” said the loan officer, “that’s not what you showed me yesterday!”

St.Peter replied, “You should have locked yesterday.”

Does Heaven Have A Map?

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Does Heaven Have A Map?

“Heaven is much closer than we think. Just look into your heart.”

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Does Heaven exist? And who cares? It seems that Dr. Eben Alexander does care and might try to give us an answer. He was an academic neurosurgeon for 25 years, when in 2008 he was driven into a coma by a rare and mysterious bacterial meningitis.  After having a near death experience (NDE), he came back from the coma on the seventh day. It took him awhile to miraculously restore his health back to a normal state. After following his older son’s advice, he wrote what he remembered happened to him. The result was his first book, “Proof of Heaven”. His latest one on the same subject is “The Map of Heaven: How Science, Religion, and Ordinary People Are Proving the Afterlife”, which he wrote together with Ptolemy Tompkins.

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In the Torah’s text, the first line states “In the beginning God created the heavens and the earth…” (Genesis 1:1). Thus, when our world was created there were not one, but a multitude of heavens. According to the accounts of Dr. Alexander and others, who experienced NDE, it seemed that what we call our soul, left the body and traveled through different heavens towards the light. There, it met the souls of their departed relatives, and guardian angels, who are also mentioned in the Torah, “And God said, ‘Let us make Man in Our image, after Our likeness’” (Genesis 1:26). But none of the people who reported their experience of NDE met the reputable 72 virgins in the heavens, which according to some sources is the reward expected by the Islamic martyrs.

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But how about communicating with our departed ones? Is it possible? Author Mitch Albom, whose first book, “Tuesdays With Morrie: An Old Man, A Young Man, and Life’s Greatest Lessons” became a best seller, has his own take on this subject in his latest book, “The First Phone Call From Heaven”. His theory is one’s quest of the afterlife accompanies humans from our birth. Some religions promise the paradise as a salvation for those who suffer in their life on earth, or to sinners after their repentance. But what happens after we die? According to Dr. Eben Alexander and others, what we call the heavens or paradise is filled with love. Do we need to wait until we die to experience it? I do not think so. Love is everywhere. The Bible tells us “love your enemies” (Matthew 5:43-45).

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Like there are many heavens, there are different manifestations of love. But there is one source in our bodies where Love resides—our hearts.

In the past, when I would get upset about something, my wife Elfa would ask me, “Does your feeling come from your brain or from your heart?” In that moment, I connected with my heart, and the only thing I could feel is Love and all of my other feelings were gone.

P.S.

When we talk or think about heaven, we look up into the sky. It looks differently from below as it looks from the plane or seen by astronauts from space above the Earth. I like to take images of the heavens during my flights. Please enjoy with love. 

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  Cheers,

Manny
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Mortgage Solutions For You!

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rate


To evaluate two options, we need to subtract the monthly payments and the rebate (amount paid by the lender towards the closing costs). 

In our example:

 Rebate difference   = $4,566

 Monthly payment    =      $45

 Tax adjustment       =      $34


$4,566 / $34 =  $134.29

$134.29 / 12 months = 11.19 years to break even

 

It will take over 11 years to have the benefit of a lower rate. At the same time, if the extra $4,000 is used to pay off a credit card at 22% or even take a vacation, the benefit of the higher rate with the bigger rebate will be even more significant. For different folks—different strokes.


Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
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Cheers,

Manny
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In Dog We Trust!

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In Dog We Trust

“Man is happy to have friends–so are dogs.”
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I heard a story on the local public radio station KQED, that a company in Florida apparently ordered a special carpet. When it arrived, the workers unrolled it and immediately rolled it back. Instead of “In God We Trust”, the embroidery said “In Dog We Trust”.

We recently watched a documentary on public television called, “Dogs Decoded”. It was about how dogs evolved from wolves with surprising implications for the evolution of human culture.

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Many people like dogs (or cats), though not everyone is willing to have them. In the past 35 years living in San Francisco, we’ve had two dogs. The first one Amber—an Irish Setter, was a lady with a temper. She would run away jumping over the neighbor’s fence and I had to chase her all over the neighborhood. After she was hit and killed by a car in front of our house, we decided that our next dog would have short legs.

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Angus, a Welsh Corgi, was a perfect choice. He was from a champion lineage and our adopting him was under the condition that we show him at dog competitions. But as he grew, he became a giant Corgi (perhaps we fed him too generously). So, his showmanship career was over. We had Angus for 13 years. He loved to go with us to The Sea Ranch and did not want to go back to San Francisco. When we would start packing, he would stick his face into the corner, hiding it from us, as he tried to make himself “invisible”, since he did not want to go back. He was a good walking companion until the last year of his life, when he preferred to just lay down. One day, he let me know that it was enough for him. With tears in my eyes, I drove him to the vet where we said good-bye.

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Since then, we have discussed which dog we are going to have for our next best friend. Since both of us work and travel, we feel it is not fair to keep a dog alone at home. And since retirement is not so close, we decided to postpone sharing our love with a best friend for some time in the future.

P.S.

I am creating a number of photo books. The first one will be ready by Spring, and is called “88 Encounters in San Francisco in Color”. The next one, “Encounters with Dog Lovers” will contain images in this story and many more.

lucy

P.P.S.

We attended a friend’s 50th birthday party. Since his dog could not be present, his wife made him a special surprise—a dog shaped marzipan cake. In this case, you could have a dog and eat it too. Happy Birthday Jeff!


Happy Chinese New Year!

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Do Not Keep Me As A Secret!
Smile And Please SHARE It With A Friend!


 

  Cheers,
Manny<br />
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Mortgage Solutions For You!

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asset


A young couple wanted to buy a house. They became self-employed consultants about 7 months ago. Usually to qualify for a mortgage, lenders require 2 years tax returns. This particular lender would use the average of their 2 years net income to calculate an acceptable monthly income. (Some conventional loans allow use of only one year tax returns.)

Luckily, our borrowers had investments with a significant amount of money. We used an Asset Depletion Income calculator (offered by one of our lenders) to arrive to the qualifying income.


Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
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Cheers,

Manny
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Who Was Valentine?

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Who Was Valentine?

“Love is everywhere. Open your heart to receive it.”
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From the moment we wake up in the morning, until we retire to bed at night, many of us are chained to our routines. Whether it is school, work, we have something programmed into our schedules nearly every day—including holidays. The word “holy” according to “Bible Hub”, comes from the Greek word ‘hagios’, which implies something is “set apart” therefore “different—i.e. other.” Thus, a holy day is a day set apart from other days of the week. February the 14th is a holy day, as it is the celebration of St. Valentine. But who was Valentine? Where did he live? What made him so special?

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There is one legend about Saint Valentine of Rome, who was imprisoned for performing weddings for soldiers who were forbidden to marry and for ministering to Christians, who were persecuted under the Roman Empire. According to legend, during his imprisonment, he healed the daughter of his jailer, Asterius. An embellishment to this story states that before his execution, he wrote her a letter signed “Your Valentine” as a farewell. Apparently, historically, there was more than one Valentine. Different religious groups and even different countries have their own legends, which gave them an excuse to celebrate love and affection.

v3

According to Wikipedia, the Valentine’s Day that we celebrate today to commemorate romantic love, evolved in 18th-century England. This occasion was for lovers to express their love by presenting flowers, offering confectionaries and sending hand-written greeting cards thanks to the Hallmark Cards Company, which was founded in 1910. Hallmark transformed this holiday into a big business opportunity; not only for greeting card companies, but also for the flower and candy industries as well. As a result of the routine created by advertisers, we rush to honor our loved ones. But what about the other 364 days of the year? Do we need someone to tell us what to do?

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P.S.

This year, try to do something different. Break the routine to show your love and appreciation. Be creative! There are so many ways to express yourself. My contribution to you is bouquets of flowers with a twist. Share it with love.

Your Valentine,

Manny<br />
                                                                Signature

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Mortgage Solutions For You!

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lofts


We had two clients with similar cases, however Client A’s property was owner occupied, while Client B’s was non-owner occupied. Client A and Client B both wanted refinancing  for a condominium, which is considered a “loft” because it has a separate space to conduct a business. The Convenants, Conditions, and Restrictions (CC&R) of the building allows for this kind of operation in the premises. Since the Client A wanted a mortgage of $625,500, which is considered a conforming loan amount that is sold to Fannie Mae, we were able to arrange a fixed rate loan.

Client B was less fortunate. Unfortunately, he had rented his loft and we could not help him get a 15 year fixed rate.


Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
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Cheers,

Manny
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Soft Story Building Presentation at Vanguard Property

Manny recently visited San Francisco’s Vanguard Property to present on Soft Story Buildings as part of a commitment to educate the general public, real estate agents, contractors, property owners, etc.–to make sure we’re all prepared for when the next earthquake should occur. Have any questions about the process? Make sure to check out the video below or feel free to contact Pacific Bay Financial with any questions/comments you might have.

How To Read A House

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How To Read A House

“Reading is a mental process. Letters become words. Words become phrases. Phrases become sentences. Sentences create books.”
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The idea of “house reading” comes from Michael Pollan’s second book, “A Place of My Own: The Architecture of Daydreams”. I wrote about his first book “Second Nature: A Gardener’s Education” a few weeks ago. While reading is usually associated with the written text, let’s not forget lip reading, palm reading and map reading!

read2

Mr. Pollan used to live in a town in New England where he and his wife owned a small house on 5 acres of land. They were expecting their first child; and he realized that he needed more space to enable him to continue his writing career. He decided to build a hut with his own hands, without having any skills or dexterity for such a project. The book is a beautiful account of his experience. Like in his first book about gardening, he goes into minute details describing not only the physical, but the mental process he went through to realize his idea. In the process, he worked with an architect who suggested the idea that building a house is similar to reading a book. You start at the beginning and page by page, you learn the narrative as well as identity—yourself, with the process and the subject, by emerging into the process. I think this idea applies to many other endeavors in our lives as well.

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Every new project starts with an idea. For instance, you come across a piece of land, a tear-down building, and then you want to build your dream house. But do you know what it takes to do that? “A Place of My Own” will help in many ways. One of the critical aspects of building a house is the cost analysis, or simply put, figuring out how much money one needs to realize their dream and avoiding the nightmare of running short on funds before the project is completed. In my work, I deal with these problems with my clients all of the time.

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But sooner or later, you will need money to pay for everything: land, design, permits, construction, and a myriad of other things that you cannot even imagine at the beginning of your new “book”. There is a reason why so many projects big and small run into trouble during the construction process. Can those problems be prevented? Not necessarily, but they can be reduced. Start your project with the end in mind, but at the same time count every penny it will take to get to the end. If you have an idea, desire, project, or anything else that requires “Tailored Mortgage Solutions”, I might be able to assist you. But please call me before you start anything. I promise you will have a much better night’s sleep as a result.

P.S.

Before becoming a builder, Mr. Pollan was a reader. In his book, he quotes many writers who wrote about architecture. If you want to know about mortgages, read my two books, “The Mortgage Game: The 5 C’s and How To Connect Them” and “Mortgage Solutions For Smart People: 5 Easy Way to Get Your Loan Approved”.  Or read anything for fun and education like these people whom I’ve met throughout my travels.

 

Do Not Keep Me As A Secret!
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Mortgage Solutions For You!

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io


 

An elderly client wanted to assure that she could handle her monthly mortgage payments. The balance on her current loan was $494,000. We offered three interest only options, all without out of pocket closing costs.


Product Term

Interest Rate

Monthly Payments

5 Year I.O. Arm

3.375%

$1,389/month

7 Year I.O. Arm

3.75%

$1,543/month

10 Year I.O. Arm

4.00%

$1,647/month

Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?

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Cheers, 

Manny<br />
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