Mortgage Solutions For You // Jumbo Stated Income

 JUMBO Stated Income Programs


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*NO TAX RETURNS REQUIRED. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


client who owned a rental property wanted to buy a residence for over $1 million. Part of his income was generated abroad and was not reported in the US tax returns. To enable him to get a mortgage without tax returns, he had to show reserves (after the down payment) of $250,000.

To accomplish this, we refinanced his rental property which did not have a mortgage.

Whom do you know that might benefit from our tailored mortgage solutions?

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Can We Change?


 “We all change. Are you happy with the results? Good.” 


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Believe it or not, you are actually a nice person—and so am I. I found out about this while on a plane to Phoenix, Arizona for an InfusionSoft ICON conference. A woman sitting on the plane diagonally in front of me was reading The Wall Street Journal. I noticed the headline of article—“We Actually Get Nicer With Age”. Wow! What a revelation!

When we reached our hotel, The Wall Street Journal lay in front of our room’s door  (miracles do happen). According to the article, “from the age of 20 to 65, people report an increase in positive traits, such as conscientiousness, and decreases in negative traits such as neuroticism”. Of course, “nicer” is a relative term. It is like beauty “in the eyes (heart) of the beholder”.

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But, what happens after the age of 65 (I am 67)? I have met some grouchy older people, but I think that in their core, people are nice. The question is “Do we want to change?” Most of us are comfortable with our status quo, even when others might not like it. When my wife, Elfa, points out my shortcomings to me, I often do not like her criticism, but in my heart I know that she is right. (You know the platinum rule: “The wife is always right”, right?) But can I change? My common response to her is if I do what you suggest, I am going to become Elfa—not Manny. In the business, it is sometimes easier to just change externally by finding new ways to market without changing who we are (since I am already a nice person).

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This was the reason we came to the seminar. InfusionSoft is a very powerful database management system that we use in our business to communicate with clients. At the conference besides listening to very interesting speakers and authors like Seth Godin, Simon Sinkek, and JJ Ramberg (check out their books on Amazon), we met vendors offering different ways to improve our connection to our clients and how to attract new ones. We signed up with one of them, who promised to increase the company’s ratings on the social media channels. This will also help you refer more of your friends and co-workers to us for which I am always grateful.

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P.S. 

Even in Cuba, change is coming all the time and I think the young people there are ready to create change. You can see more images of beautiful people in Cuba (and buy the book, Soy Cubano) on my website.

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Mortgage Solutions For You–Stated Income Program for Foreign Nationals

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*NO TAX RETURNS REQUIRED. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


 Our client, who lives in Moscow, bought a house for cash a few years ago. Now he wants to get some money back, but we had a number of problems. One major problem was that he does not report income in the United States.

We’ve tried a number of different lenders, only to discover that everyone had some limiting conditions. 

Finally, we were lucky to find a mortgage bank who can do cash-out for a non-owner occupied property with a very attractive interest rate!

Whom do you know that might benefit from our tailored mortgage solutions?

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Choose To Be Happy

“Happiness is a state of being. Be happy.”  


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Someone asked if Cubans are happy—the answer is “Yes.” Many of my photographs reveal them smiling for no particular reason. Are they content? The answer is “No”.

Meager government salaries and very low pensions do not allow Cubans to have many possessions. When some Cubans could leave Cuba for the United States in the 80’s, those who chose to stay pelted them with eggs. Now those who stayed are very happy to receive any help from their “rich” relatives. When the Cuban government gave the Cuban people the opportunity to have their own small enterprises, they opened stores, and even restaurants (sometimes in doorways, many started having prepared food in their kitchens).  

For tourists, there are many well-decorated establishments with good food; many restaurants and hotels are joint ventures between the Cuban government and foreign companies. Despite the exodus, Havana’s population is between 2.5 and 3.1 million; the streets are full not only with tourists, but also, with locals who stand in line to buy ice cream or a pizza from these tiny doorway enterprises. And it seems, everyone is happy.

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When I photographed people in Cuba, and they noticed me, they would both pose and smile, or I would just smile at them with a thumbs up. Their response was always “Muchas gracías”.  I showed them the image I took on my camera’s display screen, and they seemed even happier. Some asked for money, so I either did not photograph them or I gave them my camera to photograph me and asked them for the dollar. This trick made instant friends and afterwards they posed for me with pleasure. To make them more relaxed, I sometimes stick out my tongue or make faces to get back a lot of laughter.

There is a chapter in the great book, “Psycho-Cybernetics” by Dr. Maxwell Maltz, titled “Happiness Does Not Lie in the Future, But in The Present”.

            “When one problem is solved, another appears to take its place. Life is a series of problems. If you are to be happy at all, you must be happy – period! Not happy ‘because of’.”

Who cares if I am happy or not? Well according to Dr. Maltz, “Happiness is good medicine.” He writes, “We think better, perform better, feel better, and are healthier when we are happy. Even our physical sense organs work better.”

Choose to be happy.

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To learn what happiness is, just take a look at my photos from Havana. Or even better, visit the country to find out for yourself. Read Dr. Maltz’s book to find out, “How to Learn the Happiness Habit”—and of course, buy my bookSoy Cubano.

On my end, I will help you, your family, friends, and co-workers to be happy by finding mortgage solutions—AND bring a smile to your face by sharing my photo images.

Become Happy, Be Happy, Stay Happy!

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P.S. 

You can see more images of beautiful people in Cuba (and buy the book, Soy Cubano) on my website.

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Mortgage Solutions For You

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CLTV INITIAL RATE APR FICO
85% 5.25% 5.25 700
80% 4.50% 4.50 700
75% 4.25% 4.25 670

*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


client was buying a condominium. He only had 15% for the down payment, but the lender who had the best rate was a limiting condo loan to value (LTV) up to 75%. The solution was to get the first mortgage at 75% LTV, plus another 10% as a line of credit. There is no MI (Mortgage Insurance).

Whom do you know that might benefit from our tailored mortgage solutions?

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How to Be Charitable


 “Charity resides in the heart. Open it.” 


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On our way to Los Angeles to celebrate Passover with our daughter Tamar, we listened to the book by Alexander McCall Smith called “The Unbearable Lightness of Scones”, which we had borrowed from the San Francisco Public Library. This is the last one in his series about different people living in Edinburg, Scotland. Over the years, we’ve listened to many of his books, including a series of novels titled, “No. 1 Ladies Detective Agency”. Regardless of the plot, the characters, or the geographic location, all of his books share the concept of how to be charitable to other people. Most of us associate the word charity with the giving of money. McCall Smith is talking about the sharing of the goodness of your heart.

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I was thinking about the word “charitable” as we were driving through Los Angeles. Heavy traffic and congestion make people tense and nervous. Some cross in front of each other, while others change lanes without signaling. I was not surprised to hear Tamar’s verbal reaction, which was not very charitable. I did not like it, but I realized that I often did the same (both in driving and expressing myself toward other drivers).

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The next morning, I read in the Torah:

“You shall not take revenge and you shall not bear a grudge against the members of your people; you shall love your fellow as yourself—I am HASHEM.” (Leviticus 19:16).

Those words were recorded about 3,400 years ago. Hillel the Elder paraphrased the commandment 2,000 years ago saying:

“What is hateful to you, do not do to others” (Shabbos 31a). 

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On April 20th, Easter Sunday doesn’t only signify department store sales, chocolate bunnies, and the search for colorful hard-boiled eggs. This holiday was established in 325 AD by the council of Nicea to commemorate the resurrection of Jesus Christ, who was contemporarily Hillel and before his death said many good things.  Among them:

“So whatever you wish that others would do to you, do also to them” (Matthew 7:12).

Regardless of which holiday we celebrate, let’s be charitable to each other. (Including the other drivers on the road.)

P.S. 

Being charitable extends also to those who might be far away from us. It is about time for our great motion to be charitable to our small neighbor—Cuba. Let’s not forget that Jesus also said:

“But I say to you who hear, love your enemies, do good to those who hate you” (Luke 6:27).

You can see more images of beautiful people in Cuba (and buy the book, Soy Cubano) on my website.

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Mortgage Solutions for You

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*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


This could be the possible scenario if we decided to sell our home this year. The net profit is calculated by subtracting the cost of the sale, improvements, original price, and $250,000 in exemptions for each spouse from the sales price.

There is a way to defer the tax indefinitelyThe amount depends on the personal income.

You could have learned the way on how to do this by attending last week’sMEETUP event about 1031 tax deferred exchanges.

Our next presentation on the same subject will take place on July 10th in San Francisco. Until then, feel free to call me to find out “the secret”.

Whom do you know that might benefit from our tailored mortgage solutions?

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The Price Of Freedom

 

“We are free to choose, if we have a choice.” 


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On the Eve of April 14th, Jews all over the world are going to celebrate Passover. It is one of the most popular of Jewish holidays, which essentially commemorates freedom. Year after year, families and friends gather together around the festive table and read the Haggadah —the story of the exodus of the Israelite slaves from ancient Egypt, which supposedly took place over 3,400 years ago and is mentioned a number of times in the Bible:

Jesus said: “I have eagerly desired to eat this Passover with you before I suffer” (Luke 22:15).

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The Torah describes those events in great details. At that time, Egypt was the largest country in the world. 210 years earlier, 70 Brei Israel—the children of Israel, whose name was given by an angel to the Israelite nomad called Jacob–who had twelve sons, and came to Egypt to avoid starvation after one of his sons Joseph was about to save Egypt from the devastating seven year drought.

In Egypt, Brei Israel grew and multiplied. After Joseph’s death and the arrival of a new Pharaoh, the Israelites were forced into slavery and backbreaking labor to build the pyramids in Egypt. Years later, an Israelite by the name of Moses, who was saved by the Pharaoh’s daughter and had to run away from Egypt after killing a slave master, is called back by God at the age of 80 for a mission to take the Israelite slaves out.

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To make the task even more challenging, God hardened Pharaoh’s heart. It took ten plagues sent by God to the Egyptians, until Pharaoh granted permission for the Israelites to leave Egypt. But at what price? The tenth plague was the death of the firstborn child. Multitudes of Egyptian children had to die in order for the Israelites to earn their freedom. The death of Egyptians did not end there. After realizing that his free labor had finished, the Pharaoh decided to capture and return the Israelites back to Egypt. The elite Egyptian army drowned while attempting to cross the Red Sea, that God parted for Moses and the Israelites.

During the Passover dinner, which is called a Seder, which translates to “order”, because it follows a prescribed process; the Jews traditionally drink four cups of wine for each section of the Seder. Before drinking the second cup, it is traditional to remove ten drops from the glass with one’s finger, as a reminder that even though the Israelite slaves were saved, God’s other children drowned, and therefore the cup and the joy cannot be full.

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Mitzrayim, the Hebrew name for Egypt, means a narrow place. The path to liberty from any kind of oppression involves sacrifice, death of the old, and the destruction of familiar conditions.

Even though Passover is a Jewish holiday, it symbolizes the road to freedom for everyone: the freedom to choose the life we were born to live. The Pharaohs did not disappear—they evolved, changed their clothing, and their message. They appear as difference diseases, often as protectors (like CFPB), or liberators (like the Russian Army in Crimea).

P.S. 

In today’s world, one of the narrow places is Cuba which the U.S. is trying to widen, by using Twitter.

Everywhere in the world, young people are becoming the driving force for liberty, they are also on the forefront in Cuba, as you can see in some of the images I took in my book Soy Cubano, I am Cuban. It is available as an e-book for $9.99 on BLURB or you may also purchase a hardcopy here. (The links are also on my website.)

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Mortgage Solutions for You

 
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*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


A client worked for one of the major companies in the Bay Area. For the past three years, he had a salary and received a W2 at the end of the year. He was offered to change his status to a contractor, which would increase his income, but also converting him into a self-employed 1099 person. Most lenders require two years proof of such an income.

We found a solution!

One of our lenders offers great rates for those who are self-employed for less than two years–as long as there is at least one year to support their current income.

This same lender also accepts 100% gifts for the down payment.

What are you waiting for?

Whom do you know that might benefit from our tailored mortgage solutions?

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