Author of "The Mortgage Game"
Do You Know Which Car To Buy? “Regardless of how fast you are driving, the distance to your destination does not change.” I was helping clients fill out a loan application. Being very proud of their accomplishments, they told me that their car payments were exactly the same as six years ago, which was the … Continue reading “Do You Know Which Car To Buy?”
Our clients were looking to buy a 2-unit building in San Francisco. After a while, his offer for $1,600,000 was accepted. He put $500,000 as his down payment. However, the problem was that 4 years ago he had a short sale. Even though his credit score was 716, most of the Lenders required 7 … Continue reading “Mortgage Solutions For You!”
clients were trying to buy a house in San Francisco. They had good high-paying jobs, stocks, but only $200,000 cash for their down payment. Finally after their offer was accepted for $1,875,000 (and with a little bit of our help), they only put 10% as down payment. Besides a new home, they received a … Continue reading “Mortgage Solutions For You!”
A Client was a self-employed contractor. In 2013, he reported income significantly higher than a year before. If we would apply for a jumbo loan, the lender would have to average two years and his income would not be enough to qualify. By dividing his loan into two, we were able to eliminate this issue by … Continue reading “Mortgage Solutions For You!”
Jumbo loans require cash reserves. The amount varies among Lenders. Share
Jumbo Loans Special One of the phenomenons of today’s market is that some home-buyers are paying cash for the acquisition of already highly priced real estate. This allows buyers to beat the competition and have faster closings. However after the close of escrow, some want to get their investment out. This requires cash-out loans, which many … Continue reading “Mortgage Solutions For You!”
*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Clients, property owners in San Francisco, have a single family house where its value has increased to $1,500,000. They wanted to refinance their jumbo loan of $850,000. Their children will graduate and … Continue reading “Mortgage Solutions For You”
*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. I arranged a mortgage for clients two years ago with a major bank. When the interest rate recently came down, we started the process of refinancing into 30 years fixed with the target … Continue reading “Mortgage Solutions for You”
“The manifestation of love is happiness.” 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 … Continue reading “How To Know That You Are Loved”
“To have free will, you have to be free to choose.” From the moment we wake up, we have to make a choice. We make many choices in life; what to wear, what to eat, when and where to go on vacation, whom to marry, etc. As life progresses, the choices we make change and … Continue reading “What Is Your Choice?”