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Mortgage Late Payments – Not Their Fault! How I fixed it!
Client has 2 mortgage late payments and credit score goes down 100 points. But Athena, I wasn’t late! Imagine my client’s shock when they found out that 2 of their rental property loans were 30 days past due, yet they have the loan on auto-pay. Yes, it’s true. What...
Prime rate went UP, fixed rates went DOWN . . . What?
The biggest news this week was that the FOMC met on Tuesday and Wednesday. Fed Chairperson Janet Yellen announced that they had voted to raise the Fed Funds rate by .25%. We the public know that as the prime rate. The markets felt great relief that they finally...
Saved from a $40k mistake . . .
While this is not a mortgage, I am glad to say I saved one of my long- time clients about $40,000. This client came in to find out about buying an apartment building in Lomita that was a house with 4 units in the back. We had determined that to retire in the South...