Are There Good or Bad Loans?
FHA loans are bad because they have PMI. FALSE. There are no good or bad loans; it depends on what’s right for you. I have client who recently called to refi. Their interest-only loan was about to become principal and interest with DOUBLE the payment they currently...
Bad News for Stocks, Good News for Rates
While the news is not bad, the rates fell. This week we got the December consumer price index, and it was down .1%, with the core rate up .1%. December housing starts were down .25%, and building permits were down 3.9%. All are not good signs, as construction is a...
How To Decrease Your Interest Only Loan Payment
You probably remember the interest only loans from years ago. Those loans were most popular in 2005, 2006, and 2007. Most of them had a 10 year interest only period after which the loan started to amortize (include principal). Here we are 10 years later and people are...
Should You Invest Out of State?
Investing out of state is risky. YES and NO. So many investors ask me now where to find good returns on their real estate investment in Southern California. The honest truth is that it’s tough. I have found good investment properties in the central valley and in the...