Client Testimonial from Jean-Thony after purchasing a home in West Palm Beach, FL.

From early 2024, the news have been stating that the Federal Reserve is going to decrease rates four times before the end of the year.

While that has not happened yet, the Federal Reserve has indicated that they would do one rate cut - which is yet to come.

The word on the street is that gasoline and rates always come down as we near the Election Date.

"Alejandro was great. He pulled it off. It was like Moses parting the seas. At first, it looked like it was totally impossible. But we had a pillar of fire behind us, and we held off the army.”

Is it when interest rates are at the lowest? When there is a real estate crash? In a recession? When you are making more money? When the market is booming?

These are questions we all have, the answer however might surprise you, as it surprised me!

"Alejandro is extremely prompt, knowledgeable, very kind and very patient. Going in, I didn’t know everything there is to know about mortgages, but there was no question I felt stupid asking.

“What’s more, he had solutions for all the things that came up, and the process felt seamless.”

We had a great time at the annual Mortgage Expo in Irvine, organized by the Originator Connect Network. It is always nice to have the opportunity to talk to new lenders and see what other mortgage brokers have to say.

When you sign on the dotted line of a Mortgage Note, you power the country and change your life.

You change your life because by signing, you instantly create an automatic wealth building program which is the No.1 source of savings for most families.

When Sellers see an offer to buy their property using an FHA Loan, they cringe. Loan officers, in general, use it as a last resort when everything else fails. Well-to-do borrowers might view it as something not to brag about.

Why?

A prominent artist with a career of 40+ years came to us for help with an existing commercial, variable interest rate loan on his live-work studio…

The Bank Statement Loan has been the number one alternative for business owners to qualify for a mortgage.

Why is that?

Part of the reason is that Business Owners do not conform to traditional or conventional guidelines.

Did you know that affluent or well-to-do business owners often have trouble qualifying for a mortgage?

It sounds weird, right? maybe you were not aware of this.

One of the most difficult things business owners run into when trying to get a loan is providing their income to lenders. Most banks require income documentation with tax returns, but because savvy business owners take many valid deductions on their tax returns, their tax return often does not show their true income.

An ultra-successful entrepreneur that I had known for many years came to me for two large refinances of residential properties with a business use…

Buying a property or renting a property, which one makes sense for you?

When you Google this question, almost all the answers focus on comparing what you are paying now in rent versus an equivalent mortgage payment. They conclude that if the mortgage payment is nearly the same as the rent, then you should buy.

Even though this advice makes sense, there is something else missing which I have never seen covered, and this is what this article is about.

Last week I promised to talk about the 3 types of mortgages that business people and property investors use. This week we’re going to take an in-depth look at one of these loans: the DSCR loan.

It was a great honor to attend the Martin Armstrong World Economic Conference in Orlando, Florida this past November. I have been looking forward to attending this conference for a long time.

About a week ago I posted that rates for home loans went down by about 2%. This means that at the beginning of December of 2023, a loan that would have cost you about 7.5%, today you could get it for about 5.5%.

That is a HUGE difference!

There is a caveat though: this applies to a home where you are going to reside as your primary residence and, normally, for a loan amount no greater than $766,550.

In the last few days, interest rates for mortgages have fallen considerably.

By way of example, a few weeks ago I was quoting 7.5% to our best borrowers with high credit scores and ample income. As I type this e-mail, this same borrower could now qualify for 5.875%.

Finding a lender as a self-employed person can be difficult. Here's a solution from Alejandro Szita.

“Hi Alejandro, my thank you text message yesterday was not enough for me to show my excitement. I am extremely excited.”