Success Story: What to Do?

Success Story: What to Do?

What do you do if you have a borrower who has a 50% down payment, no credit, not much income, but can afford the payments on a home because they have a lot of money in the bank and family to help?   I got a call from a realtor friend who was frustrated and sad for her...
Success Story: A Wake Up Call 

Success Story: A Wake Up Call 

This week’s success was not about a loan, but saving $1000s in legal fees by correcting your paperwork.  I receive calls every once in a while from people who read one of my blogs, after they found me in a google search. This week I got a call from a gentleman who...
Weekly Jobless Claims Lowest Since 1969

Weekly Jobless Claims Lowest Since 1969

Here’s your economic news for 1.27.2019 Not all the data was available due to shut down. Here’s your economic news based on the data we did receive: Tuesday: December existing home sales were down 6.4%. Typically, bad news is good for rates. But, the east coast...
What is a Reverse Mortgage

What is a Reverse Mortgage

This is a loan that has existed since 1961. According the AAG, “The very first reverse mortgage is written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designs this unique type of loan to help the widowed wife of his high...
Economic Update: The Shut Down

Economic Update: The Shut Down

With the government shutdown, very little data is coming out, which is helping rates stay down. As you read in December, the stock market volatility gave us lower rates by 0.375%, then another 0.125% at the end of the year. It just now is hitting the news though it...
Success Story: It’s All About What You Know

Success Story: It’s All About What You Know

 A “No,” turns into “Yes”, and another future millionaire is created. Here’s how… Many of you have heard my recommended plan for building a portfolio of properties. First 4 units, then 4 more or 2 more in a better area, then a vacation condo that can be rented, then a...