Fridays with Manny

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THE HISTORY LESSON 

July 4, 2026 will mark 250 years since the founding of the United States. When we think about 250 years, it feels like a long time — yet in the scope of history, it is just a moment. How about 2,500 years ago, when the mighty Babylonian Empire destroyed the First Temple in Jerusalem and exiled the Israelites to Babylon?

From that exile comes the story of Purim. In the Persian Empire, a royal adviser named Haman plotted to destroy the Jewish people because of his hatred toward Mordechai. The story, told in the Book of Esther, describes how that decree was overturned and the Jewish people survived. The holiday of Purim, which this year starts on the evening of Monday, March 3rd, celebrated that reversal — when a plan for destruction turned into deliverance.

Two thousand years ago, the Roman Empire destroyed Jerusalem and the second temple in the year 70 CE. Later, the Ottoman Empire ruled much of the Middle East, including the Land of Israel, for 500 years. To be followed by the British Empire once governed vast territories around the globe.

Empires rise. Empires fall.

Yet the Jewish people, though small in number, endured through Babylon, Persia, Rome, the Ottomans, and beyond. Today, the modern State of Israel exists as a sovereign nation — something that would have seemed unimaginable during many periods of exile.

So, what is the lesson?

History teaches humility. Power is temporary. Hatred destroys the hater more than the hated. And attempts to eliminate a people have never erased them from history — but they have erased the empires that tried. Purim is not only a Jewish story; it is a reminder that cruelty and domination are never lasting foundations for greatness. Endurance, identity, faith, and moral courage — those are what survive time.

As America celebrates 250 years, perhaps the deeper question is not only how powerful a nation becomes, but what values it chooses to stand for — because history always renders its verdict.

Holidays are usually decorated with the bouquets of flowers. Please accept my contribution.

Happy Purim!

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Mortgage Solutions For You

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Ready For Retirement


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A client in his early 50’s wanted to have his mortgage paid off by his retirement.

We compared two options:

First: A loan fixed for 15 years has a lower interest rate, but higher payments. He was concerned that in the future months, he would not be able to make those payments.

Second: If he would choose a 30 year fixed loan and make his monthly payment $935 more (as if it were a 15 year loan), the balance can be paid off in only 16 years!

He decided to take the 30 year fixed loan and pay the $3,000/month for as long as he can.

Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
pano1


Spotlight

Date: Thursday: September 11, 2014  
Address: 2345 24th Ave., San Francisco, CA 94116 (Taraval Police Station)
Time: 6:30pm to 8:30pm 
Flyer: Click here

RSVP on  Meetup.com  OR  Facebook  OR email  Ausra@Pacbay.net

Mortgage Solutions For You!

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How To Shop For A Mortgage


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A client had a 30 year fixed rate at 4.50% and Mortgage Insurance (MI). Her total monthly payments were $2,270. She called after she had received a flyer in the mail offering 4.25%, fixed for 30 years.

We checked the rates on our computer. 4.25% was available, BUT with closing costs. She wanted a NO-cost loan.

After meeting with her and her husband and finding out about their plans, we offered them a loan fixed for 7 years with the rate of 3.375% (no closing costs).

They agreed to take the loan, but then started shopping around. Someone offered them 3.25%, but when they received the Good Faith Estimate of the closing costs and we analyzed it, we pointed out that it would cost them $1,500 in additional closing costs.

There is always someone who has “better deal”, but how much it will cost at the end is a different story. After our explanations of the mortgage process, the clients decided to stick with us. Meanwhile, two months passed since we first met them.

Their new payment is $1,843 (A total savings of $427–the difference between 3.25% and 3.375% is about $28/month)!

Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?
pano1


Spotlight

Date: Thursday: September 11, 2014  
Address: 2345 24th Ave., San Francisco, CA 94116 (Taraval Police Station)
Time: 6:30pm to 8:30pm 
Flyer: Click here

RSVP on  Meetup.com  OR  Facebook  OR email  Ausra@Pacbay.net

Mortgage Solutions For You!

mortgagesoln
Less Than 7 Years After a Foreclosure


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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.
  1. They had a foreclosure less than 7 years ago.
  2. They bought their current home less than 2 years ago and were planning to keep it until October, to avoid paying any taxes.
  3. Their current home, which has three bedrooms, was financed with an FHA loan.
  4. General Rule: Borrowers need to pay off their FHA loan BEFORE getting a new one.
  5. The client started a new job.
  6. The wife is 6 months pregnant.
  7. Most of the down payment is a gift from parents.
  8. They needed to be able to qualify for two mortgages with two mortgage insurances.
  9. The real estate agent is acting as both buyers’ and sellers’ agent.
  10. There are two other offers and the real estate agent never worked with our company and recommended her clients use her mortgage lender.
  11. The credit report did not show the foreclosure, but the lender found out about it from other sources.
  12. 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”.
  13. They did the same thing to us two years ago.
  14. When they found out that their lender could not deliver, they came back to us.
  15. The real estate agent needed to secure an extension for the contract.
  16. 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?

pano1


Spotlight

Date: Thursday: August 7, 2014  
Address: 33 Arroyo Drive, South San Francisco, CA 94080  Time: 6:30pm to 8:30pm 
RSVP on  Meetup.com  OR  Facebook  OR email  Ausra@Pacbay.net