Refinancing Enabled This Woman to Pay Off Debt
She was crying and hugging me when she left… a client signed loan docs today to finish up her refinance, something she never thought would happen. She still had 5.5% from a mortgage from 6 years ago. She also had $50,000 in debt, and her yearly salary is the same,...
Refinance Means No PMI for this Client
Long time clients of mine (1998) bought a rental property in 2006. We finally think they have 20% equity and decide to refinance. Then a blow… we get a low appraisal … how is that a win? Well, their loan is from 2006 and they do finally have 10% equity not the 20% we...
Lack of Knowledge Can Lead to “Excessive Debt”
A client referred by his CPA calls because he found out that his IRS tax from 2009-2011 that was delinquent, but on hold, was now due. The IRS was going to force the sale of the home if they didn’t come up with the money, $345,000. This couple had owned a business...