Author: Manny Kagan
Tip of The Day
Do not pay off a collection account before getting approval on the mortgage. This can worsen the credit score. Call us for advise!
Wisdom of The Day
Being grateful for what you have lays the foundation for having more.
Tip of The Day
Do not pay off collection accounts without guaranteeing that it will be removed from your records completely (not showing the zero balance).
Today Is The Day
“Marriage is a life journey. It is good to travel together with the person you love.”
On August 8th, 1967—two young people got married. They were both 20 years young. 47 years later, they are not only together, but are still deeply in love with one another. Their life together was never an easy affair—with two emigrations alongside an entourage of two children, and a mother. Finally after leaving every material possession behind, they eventually settled in San Francisco.
Following years of studying, fulfilling their educational dreams and making a living doing menial work, both of them started a mortgage company. Now 29 years later, their company Pacific Bay Financial Corporation, is still in business employing many of the same people who have been with the company for over 20 years. Those were not easy years and the mortgage business had and still has many challenges.
But as the saying goes, “What will not kill us, will make us stronger.”
In case you haven’t guessed it, I am writing about my beautiful wife Elfa, and your humble servant (Yes, throughout the years I’ve learned how to be more humble.)
Last year, I started writing a book, “Marriage Solutions For Smart People”, but I decided to stop my project. I realized that our personal experience is very difficult to export and to teach. Nevertheless, if I could pinpoint one quality in a successful relationship (not only in marriage), it is to CARE, and yes, of course to LOVE.
However, these two don’t always go together.
Life is all about sharing. Despite our biological, physical, genetic, geographical, religious, educational, spiritual, even political differences, we can be attractive to one another, but only to an extent. If you start a relationship with the common objective to create and build a family and to LEARN how to do it (How many years did it take you to learn how to do whatever you do to make a living?), many years later you might still be together while enjoying the results of your life’s journey.
Since my prescriptions don’t always work, I will finish with a story about a couple who were celebrating their 50th wedding anniversary. A lot of friends and relatives gathered together for this remarkable event. One of the guests—a family attorney noticed that the husband was sitting alone not looking happy.
“What is wrong?” the attorney asked the husband.
“Do you remember 25 years ago, I told you that I wanted to kill my wife, and you told me that I will get 25 years for murder?”, the husband asked. “Well, today I would be a free man!”
P.S.
For our 47th anniversary, we celebrated in Carmel-by-the-Sea. We’ve been here many times, and it is always enjoyable to come back, stroll the streets, visit stores and galleries, and just relax together and smell the roses—which I photograph all the time.
Please enjoy some of my images. You can see more of my flowers in our office, and of course on Twitter and Facebook. You can find more stories about our personal life in my book, “The Mortgage Game: The 5 C’s and How to Connect Them”.
Manny & Elfa ~
Do Not Keep Me As A Secret!
Smile And Please SHARE It With A Friend!
Cheers,
Wisdom of The Day
Count your blessings; you will be surprised with how many you have.
Tip of The Day
There are a number of ways to avoid paying MI—Mortgage Insurance, which is NOT tax deductible.
Wisdom of the Day
A small light can dispel a lot of darkness.
Tip of the Day
100% of the down payment can be a gift (Not only just for FHA loans).
Mortgage Solutions For You!
Clients found a home with four bedrooms in the area close to good schools. They wanted to make an offer, but we were facing a number of obstacles.
- They had a foreclosure less than 7 years ago.
- They bought their current home less than 2 years ago and were planning to keep it until October, to avoid paying any taxes.
- Their current home, which has three bedrooms, was financed with an FHA loan.
- General Rule: Borrowers need to pay off their FHA loan BEFORE getting a new one.
- The client started a new job.
- The wife is 6 months pregnant.
- Most of the down payment is a gift from parents.
- They needed to be able to qualify for two mortgages with two mortgage insurances.
- The real estate agent is acting as both buyers’ and sellers’ agent.
- There are two other offers and the real estate agent never worked with our company and recommended her clients use her mortgage lender.
- The credit report did not show the foreclosure, but the lender found out about it from other sources.
- After we found a lender who could do this complex transaction, the clients applied for a loan with another lender who “promised a better deal”.
- They did the same thing to us two years ago.
- When they found out that their lender could not deliver, they came back to us.
- The real estate agent needed to secure an extension for the contract.
- We told the real estate agent that we had never lost a sales transaction over our entire 30-year long career. We knew we would pull this one through as well.
Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
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Date: Thursday: August 7, 2014 |
