How To Know That You Are Loved

 

“The manifestation of love is happiness.” 


vd1

My friend and a client for many years, Ken Mitchell, called with excitement in his voice: “I have a new girlfriend!” After my congratulations, he continued, “And we want to buy a house together in Sonoma. Can we have dinner to discuss the details?” I’ve been working with Ken for about 20 years. His printing company, H&H Imaging takes care of all of our printing needs. When I needed quick service, he printed my book, “Soy Cubano—I Am Cuban”, in three days and he did a great job.

Throughout the years, I helped him buy his house and refinance it numerous times. This time seemed different. He planned to buy a second home together with a partner. Over dinner at our favorite restaurant, Zuni Café, I had the opportunity to meet his girlfriend, Heather. They found each other through the dating service “Our Time”. She is smart, beautiful, and an accomplished woman. It was a pleasure to see them together hugging and kissing. She asked me to take their photos with an iPhone and said that they looked artistic. Heather shared with us that the man she was previously involved with was moody and grouchy. “Ken is always upbeat. I am happy when I am with him,” she added.

vd2

The word love was not mentioned, but if it was not an expression of love, then what is?

Then the question of what to get for Valentine’s Day was brought up. This immediately led to my curiosity to find out what this holiday really means. It began as a liturgical celebration of early Christian saints. The name Valentine in Latin means strong, healthy, and there were at least 50 saints with the variant name, Valentinus. Apparently, it had very little to do with romantic love until the Middle Ages. In the 19th Century, handwritten cards led to the holiday popularity and were very well exploited by the marketing geniuses of Hallmark and similar companies. And of course, growers of red flowers (especially roses) jumped on the bandwagon.

Using this opportunity, I wanted to share with you my roses. Since they can be shared any time of the year, they do not have to be red.

As the writer, Gertrude Stein wrote, “Rose is a rose, is a rose.”

vd3

P.S. 

For the house purchase in Sonoma, we found a solution tailored for their needs. Instead of securing one mortgage of $800,000, which is a jumbo loan and has certain limitations, I came up with a creative solution: Divide the mortgages into two—one fixed up to $417,000 for 15 years against Heather’s condo (which does not have a mortgage). They will use this money for the additional down payment. The balance of about $417,000 is going to be Ken’s loan, amortized for 30 years, since otherwise he cannot qualify. The ownership title is going to be on both names. This way, both can use interest deduction and enjoy the ownership even before marriage. (I hope that I am going to be invited to the wedding.)

vd4

Whom do you know who might benefit from creative mortgage solutions tailored to their needs and circumstances?

 

DO NOT KEEP ME AS A SECRET.

SMILE AND PLEASE SHARE IT WITH A FRIEND


Please remember to  LIKE us on Facebook for additional information!

facebook

Mortgage Solutions for You

meetup 


If you have never heard about Meetup, do not be surprised! (I did not either before it was brought to my attention.) There are 5,927 meetup groups located here in the Bay Area alone. People with different interests form networking groups where they take the time to meet, learn, share, and to get acquainted. 

We decided to join the crowd and created our own group: Bay Area Commercial Real Estate Lending Group.

Looking forward to seeing you at our first meeting, which will take place on February 24th.

map


Please remember to  LIKE us on Facebook for additional information!


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

 

wed 

Do not keep me as a secret.


What To Do When Your Pet Is Dying


 “Dogs are our best friends, as long as we are theirs.” 


 dog1  

Such a sad subject to write about, but it can be very educational. A friend called, with tears in her voice, and told me that her cat, whom she has had for 14 years, will soon be passing onto another world. She asked for my words of wisdom.

Instead, I told her a story about Rabbi Meir and his wise wife, Beruriah, who lived in 170 CE.

One day when R. Meir was away, their two sons died. When he came back, instead of bursting to him with the horrible news, Beruriah asked him a question:

”Some time ago, a man came and gave me a deposit in trust and now he comes to claim that deposit. Shall we return it or not?”

Being a wise man, R. Meir gave her his answer.

“My daughter, whoever has a deposit in trust must he not return it to its owner?” Beruriah replied, “Had you not said so, I would not have returned it.”

dog2

After that Beririah took him to the room where her sons lay motionless. Her husband burst into tears and Beruriah said to R. Merir:

“Did you not say we must return the deposit to its owner? It is said, the Lord has given, the Lord has taken away.” (Proverbs 37:76-29)

I do not think there are any words of consolidation for a person whose pets or any one close to them dies. One needs to cry out their emotions out and keep the good memories.

The first dog we had in San Francisco was a very temperamental lady—she was an Irish setter, named Amber. She would jump the fence and I had to look for her all over our neighborhood. One day, she ran out into the street and a moment later I heard the screeching sounds of brakes. I ran out and there was beautiful Amber on the ground covered in blood.

dog3

I lifted her lifeless body and took it home, sat down, and cried. We buried her in our backyard.

We decided to get another dog—this time one with short legs. As per friends’ advice, we chose a sweet and tiny Welsh corgi, called Angus. He grew quite big (for a Welsh corgi) and lived with us for 13 ½ years. During the last month of his life, he did not want to go for a walk. Eventually, we took him to the vet, who told us it was time to say good-bye. Since then, we are constantly considering getting another dog, but feel that with our hectic lifestyle, traveling, and work, it would not be fair to leave a dog home alone for so long. One day, perhaps…

dog4

P.S. 

Oops! I made an error in last week’s email. Dr. Wu pointed out to me that since I was born on January 13th, 1947—my Chinese sign is not a pig, but a dog. This actually makes perfect sense since I am your best friend. It turns out that my wife Elfa and I are both dogs. Now this explains why we have been together for 47 years (but we belong to different breeds). In the description of the dog’s qualities, I especially liked how: “the dog possesses one of the best traits of human nature—a sense of loyalty that knows no bounds” (Ellen 2008).

P.P.S

Recently, I met a client who needed a mortgage to buy a home. She came in with her little dog, a Havanese breed. Apparently, the breed came from Havana, Cuba. We saw many dogs in the streets in Havana, but not this breed. Some were just street dogs, while others were growing older together with their owners.

 Please enjoy!

DO NOT KEEP ME AS A SECRET.

SMILE AND PLEASE SHARE IT WITH A FRIEND

 

Mortgage Solutions for You

17 


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


client had a primary loan of $428,000 and a line of credit for $36,000. Originally, he wanted to combine both together and receive a new loan total of $464,000. Since this is considered a “cash-out” and the new total loan amount would be more than $417,000 (the conventional loan limit), this brought the interest rate up to 3.75%.

The solution?

We decided that he pay down his first mortgage (using his own funds) to $417,000 and subordinate his line of credit. This way, we were able to drop the interest rate to 3.25%.

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

 

bird 

Do not keep me as a secret.

 SMILE AND PLEASE SHARE IT WITH A FRIEND 

How to Celebrate the Chinese New Year


 “In the cycles of nature and life, the end of one cycle signifies the beginning of another.” 


 chinese1  

For 20 years, I’ve been going to Dr. Angela Wu’s clinic for acupuncture, cupping and other treatments. The first time I went to her 20 years ago, she was able to help me with my asthma symptoms, by strengthening my immune system. Now, I see her quarterly for preventative measures. She keeps me from getting sick, and saves me a lot of money. I leave her clinic with a dose of herbs, which I take three times a day, and follow her recommendations religiously. On my most recent visit this week, I also received instructions on how to start the first day (Friday) of the Chinese New Year

chinese2

According to the Chinese Zodiac, it is going to be the “Year of the Horse”. Like the Jewish calendar, the Chinese months are reckoned by the lunar calendar. According to a legend, Buddha asked all the animals to meet him on the Chinese New Year. Twelve came and Buddha named a year after each one. It is believed that those who are born on the year represented by a specific animal adapt its characteristics. Thus, those born on the year of the horse are thought to be cheerful, have money, are perceptive, witty, talented, and good with their hands.

Many famous people were born in the Year of The Horse. I was born in the year of the Pig and was very curious to find out the description of my personality. According to this site, those born in the year of the pig, are honest, straightforward, and patient people. The other qualities are close to the way I perceive myself. Have fun! Google your profile.

chinese3

San Francisco has a very strong historical connection with China. According to Wikipedia, Chinese Americans in San Francisco represent 21.4%. Chinese New Year—also known as the Spring Festival (look at the beauty of the blooming trees), lasts for 15 days and includes many different kinds of celebrations and traditions. One of them is gifting red envelopes with money. They represent luck, happiness, and prosperity in the New Year for the receiver.

chinese4

P.S. 

In 2012, we were invited to an office party of our mortgage bank in Downtown, San Francisco to celebrate the Chinese New Year. We somehow managed to park our car and had to push ourselves through the crowd, which was waiting for the parade to start. Luckily, I was able to catch some images. Enjoy!

A HAPPY YEAR OF THE HORSE TO ALL OF US!


DO NOT KEEP ME AS A SECRET.

SMILE AND PLEASE SHARE IT WITH A FRIEND

Mortgage Solutions For You!

 
16  


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


client had two mortgages. The first one was amortized for 15 years plus a line of credit with total monthly payments of $4,872. He wanted to combine both and pay off  the new loan in 7 years.

I offered him two choices:

  1. Both with the same interest rate of 3.75%
  2. One fixed for 7 years and adjustable after that with monthly payments of $2,148 OR fixed for 15 years with $3,574/month.
If he continued paying the same amount which he had today, the loan would be paid off in about 9 years. To pay it off in 7 years, the monthly payments needed to be $6,289.

The lower rate stimulates a faster pay off.

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

 

 

pano 

Do not keep me as a secret.

 SMILE AND PLEASE SHARE IT WITH A FRIEND

Are You Free?


“Freedom is a God given right. Do not let anyone take it away from you.” 


 

free1

This year, the “Martin Luther King, Jr. Day” national holiday coincides with my reading this week’s chapter in the Torah called Mishpatim, which translates to “ordinances”. (The Torah is divided into 52 chapters, which I read one of each week.) Last week, Torah readers were introduced to the Ten Commandments in the previous chapter. And this week, their meaning is explored.

“And these are the ordinances that you shall place before them: If you buy a Jewish bondsman, he shall work for six years; and in the seventh he shall go free, for no charge” (Exodus 27:1-2).

The word “bondsman” in this case, can mean slave. One of the definitions of the word “bond” in Webster’s Dictionary is anything that binds, fastens, or restrains. It is remarkable that the explanation of the core of our life conduct, the Ten Commandments, starts with the indication that any restraint has to be limited. Like the creation of the world, which by the Bible’s definition was done in six days, and on the seventh day there was rest. We live in a similar cycle.

free2

We must remember the great teacher and preacher, Martin Luther King, Jr., who advocated freedom from oppression, our beliefs, our habitual behavior, the notion that “I know better” and there is “no other way”.

Slavery in America started in 1619 and was formally outlawed in December 1865, but the slave mentality continued for many more years from both former slaves and their masters.

free3

It is difficult to imagine what it was like to live in the Southern States in the middle of the last century in today’s age. Martin Luther King, Jr. was born on January 15th, 1929 and was fatally shot on April 4th, 1968 in Memphis, Tennessee.

The world became a different place since, but there is plenty of prejudice and disparity. There is still the notion of “them” and “us”. And this goes much deeper than it seems. As much as we value our freedom (at least we say we do), we allow others to restrain our way of life and the way we can do business. (Just take a look at the rules set by the Consumer Financial Protection Bureau, CFPB).

free4

For many years, Havana was one of the largest centers of the slave trade to the Americas. It is estimated that over $600,000 Africans were taken from West Africa and shipped to Cuba over three centuries until 1886, when slavery was officially abandoned.

Today, Cubans are a mixed race. They are descendants of the Spaniards, English, other Europeans, Chinese, Africans, and remnants of the indigenous people. I recommend seeing the film “Traces of the Trade”, to get a sense of how the history affects our lives today.

P.S. 

I’ve chosen images of four beautiful women, who represent the diverse heritage found in Cuba today, for your enjoyment. 


DO NOT KEEP ME AS A SECRET.

SMILE AND PLEASE SHARE IT WITH A FRIEND

Mortgage Solutions for You

market13 


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


One of the difficulties in getting a mortgage is time to close the transaction–but there might be other limitations.

One of our clients, who owns more than 5 properties wanted to buy another one. Not many lenders can accomodate such a request.

To get a better rate, they stated that their son is an owner-occupier. The son just recently started a new job. After we submitted to the lender who could do over 4 properties, the loan was turned down.

Luckily, we found another lender but had only 15 days to close before December 31st.

We did it!

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

 

pano 

Do not keep me as a secret.

 SMILE AND PLEASE SHARE IT WITH A FRIEND 

What a Papa Should Feel When His Son is Gone


“As long as I remember, you are alive.” 


papa1

My friend, Alex Vinokurov, passed away on January 6th. He was only 10 years junior to me, but he called me “Papa”.

At least once a month, he would call and ask, “Do you have time?”

He expected the same answer I always gave him, “For you, I always have time.”

He would come to our office and ask my wife, “Where is Papa?”

We would go to the local Starbucks and for an hour, he would share his joys, pour out his prayers, and ask me for advice.

He was a big, burly man with a gentle soul. During his short-lived disease, he “finally” managed to lose weight. But before dying, he started to sweat, water left his body, and by the time he passed on, his body shrunk.

“Shurick”, as I lovingly called him, was not with us anymore. Or was he?


papa2

Physically, he was not (at least not in this world). In my memory, he is alive. We are the sum of our memories. We choose what to remember and what to forget.

During our life journey, we meet a lot of strangers and we get close with some of them. I am privileged to work with and mentor younger people. After a while, some move away. There are those who follow my guidance, but most have to create their own life experience. Some, while physically still alive, disappear from our sight and I might never again hear from them. What is left is the memory.

papa3

Years ago, I made a decision that I have good memory—and I do. Especially when it comes to working with my clients. Somehow I remember the details of their mortgage transactions, which could have taken place 15 years ago. This good memory also helps me remember different loan options available to our clients. As a result, I can help find a mortgage solution tailored specifically to you.

papa4

P.S. 

On my last trip to Cuba, I met a lot of young people. I do not know who mentors them, but I believe in their future and would like to share some of the images that I captured of them.


DO NOT KEEP ME AS A SECRET.

SMILE AND PLEASE SHARE IT WITH A FRIEND

Mortgage Solutions for You

market12 


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


Client bought a three unit building for cash. It was a trustee sale and she needed it to close fast. She came to me after the property became hers with the request to get money out, return the loan of $200,000 to her friend, and $250,000 to buy another building.

Her income was not enough to qualify for a mortgage. When I took her loan documents to a very special lender, I was told that she needed to wait for 6 months before she cashing out of her loan could be done.

Then we found a solution.

Since it was her own money, she created a new note for $450,000 to her trust, who now owned the building. After the note and deed of trust were created and recorded, we could finish her refinancing.

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

 

firework 

Do not keep me as a secret.

 SMILE AND PLEASE SHARE IT WITH A FRIEND