We are all so unique, that it is impossible to compare ourselves to others.
Tip of The Day:
Jumbo loans require cash reserves. The amount varies among Lenders.
Mortgage Solutions For You!
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)!
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Date: Thursday: September 11, 2014 RSVP on Meetup.com OR Facebook OR email Ausra@Pacbay.net |
Wisdom of The Day
If you don’t like your reality, change it.
Tip of The Day
Paying off the 1st mortgage together with the line of credit (2nd mortgage), can lower the interest rate.
Wisdom of The Day
Tip of The Day
Do not pay off a collection account before getting approval on the mortgage. This can worsen the credit score. Call us for advise!
Wisdom of The Day
Being grateful for what you have lays the foundation for having more.
Tip of The Day
Do not pay off collection accounts without guaranteeing that it will be removed from your records completely (not showing the zero balance).
Today Is The Day
“Marriage is a life journey. It is good to travel together with the person you love.”
On August 8th, 1967—two young people got married. They were both 20 years young. 47 years later, they are not only together, but are still deeply in love with one another. Their life together was never an easy affair—with two emigrations alongside an entourage of two children, and a mother. Finally after leaving every material possession behind, they eventually settled in San Francisco.
Following years of studying, fulfilling their educational dreams and making a living doing menial work, both of them started a mortgage company. Now 29 years later, their company Pacific Bay Financial Corporation, is still in business employing many of the same people who have been with the company for over 20 years. Those were not easy years and the mortgage business had and still has many challenges.
But as the saying goes, “What will not kill us, will make us stronger.”
In case you haven’t guessed it, I am writing about my beautiful wife Elfa, and your humble servant (Yes, throughout the years I’ve learned how to be more humble.)
Last year, I started writing a book, “Marriage Solutions For Smart People”, but I decided to stop my project. I realized that our personal experience is very difficult to export and to teach. Nevertheless, if I could pinpoint one quality in a successful relationship (not only in marriage), it is to CARE, and yes, of course to LOVE.
However, these two don’t always go together.
Life is all about sharing. Despite our biological, physical, genetic, geographical, religious, educational, spiritual, even political differences, we can be attractive to one another, but only to an extent. If you start a relationship with the common objective to create and build a family and to LEARN how to do it (How many years did it take you to learn how to do whatever you do to make a living?), many years later you might still be together while enjoying the results of your life’s journey.
Since my prescriptions don’t always work, I will finish with a story about a couple who were celebrating their 50th wedding anniversary. A lot of friends and relatives gathered together for this remarkable event. One of the guests—a family attorney noticed that the husband was sitting alone not looking happy.
“What is wrong?” the attorney asked the husband.
“Do you remember 25 years ago, I told you that I wanted to kill my wife, and you told me that I will get 25 years for murder?”, the husband asked. “Well, today I would be a free man!”
P.S.
For our 47th anniversary, we celebrated in Carmel-by-the-Sea. We’ve been here many times, and it is always enjoyable to come back, stroll the streets, visit stores and galleries, and just relax together and smell the roses—which I photograph all the time.
Please enjoy some of my images. You can see more of my flowers in our office, and of course on Twitter and Facebook. You can find more stories about our personal life in my book, “The Mortgage Game: The 5 C’s and How to Connect Them”.
Manny & Elfa ~
Do Not Keep Me As A Secret!
Smile And Please SHARE It With A Friend!
Cheers,
