Fridays with Manny

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DO YOU KNOW
WHO MIGHT NEED MONEY?

The answer is obvious: “Everyone does.” But let’s refine the question: “Who owns one or more real estate properties?”

Unlocking the Power of a Line of Credit

Recently, we’ve received inquiries about obtaining a Line of Credit (L/C). If you have substantial equity in your property and qualify for a new loan, the solution may be straightforward: check with your bank or credit union. However, when specific conditions aren’t met, that’s where we can help.

Our tailored solutions address individual circumstances. If you’re struggling to secure a Line of Credit, contact me directly at (415) 225-7920 or [email protected]. You might know someone whose cash flow is experiencing a “cash flu.”

A recent example illustrates our approach. A potential client inherited property with his sister and wanted to buy her out. While he initially asked about an L/C, we determined that cash-out refinancing was a more feasible option. In another case, we arranged a Reverse Mortgage Second to preserve a low interest rate from the first mortgage.

Current Market Update

Interest rates are trending downward. For instance, an $800,000 30-year mortgage currently has a rate of 5.999%. As spring approaches, new opportunities emerge. These three images of flowers can attest to that.

Feel free to reach out to me to explore your options!

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