8/8/23 – One Email Changed My Outlook

8/8/23 – One Email Changed My Outlook

President | Loan Officer
Mike Meena
Published on August 8, 2023

8/8/23 – One Email Changed My Outlook

I understand that this year has presented its challenges, and I’ve shared in the collective sentiment of disappointment regarding the volume of business for both myself and my company. Others in the Real Estate community have likely encountered similar struggles, though many have admirably concealed their concerns.


Recently, I came across an email highlighting the top 250 Loan Agents in Los Angeles County, and the scarcity of closed transactions indeed took me aback. A mere 18 deals closed through June were sufficient to be recognized as a top 250 Loan Officer in Los Angeles County. Our company proudly had three representatives, including myself. It was astonishing to discover that my team and I had achieved the top position in closed transactions during the year’s first half. This accomplishment reaffirmed my belief that our strategies are on the right track.


Throughout our challenging times, my team and I have maintained an unwavering commitment to our approach. Our dedication to consistency, marketing to past clients, embracing technological advancements, forging new client relationships, and nurturing connections within the real estate community and referral network has remained steadfast. Despite the adversity, we’ve persisted without easing our efforts or scaling back.


While the year has presented difficulties, this email has rekindled my optimism. It reminded me that hard work and resilience will yield positive outcomes, albeit still not so positive this year! LOL!


My team and I are committed to the strategies that have sustained us over the past 33 years. While self-promotion isn’t my thing, I’m passionate about encouraging others to maintain a positive outlook and persevere in their pursuits in the real estate business in 2023. Honing your skills, nurturing your database, cultivating your local community, utilizing marketing tools such as my treat suite, expanding your sphere of influence, promoting your services, actively engaging with people, and watching the bottom line will undoubtedly lead to rewards.


Ultimately, success isn’t solely defined by transaction volume; it’s about establishing a solid market presence. By remaining steadfast in our efforts and continually improving, we position ourselves to capitalize on future shifts in the market. So, as we move forward, I encourage everyone to stay proactive and persistent, believing your hard work will ultimately position you for tremendous success when the market dynamics shift in your favor.


I would love to sit down with you, establish a new business plan, and see if I can help your business. It will take 30 minutes, and it is 100% free! Let me know before I book up!


Interest rates have improved over the past two days but still need improvement. Let’s hope we get a 10-day winning streak and get this market moving again!

  • 12-day escrows if your buyer is pre-approved - Conventional / FHA / Jumbo / Bridge
  • We do loans in all states, so call me with anything you need.  
  • Government Loans (FHA / VA) are in the high 5’s and low 6’s.
  • Conventional Loans up to $726,200.00 are in the low to mid 6’s and low 7’s.
  • High Balance Loans $726,201.00-$ 1,089,300.00 are in the 6’s and 7’s
  • Jumbo loans above $1,089,300 are in the 6’s and 7’s
  • Bank statement loans - They are available with 10% down again! 7’s and 8’s + depending on down and credit score.
  • No income qualifier – 20% down with reserves! In the 9’s!
  • 0 down loans are in the mid to high 6’s – 660 credit score min right now, up to $740,000.00.
  • Private Money lenders - hard Money Loans – 35% down!
  • No Ratio Loans 30% down
  • Debt Service Coverage loans with as little as 25% down
  • Bridge Loans - are typically 7.99% with limited fees – But they get you where you need to go!
  • 0 down California Dream for all Equity Share – Postponed until 2024!
  • 3/2/1 Buydowns 2/1 Buydowns and 1/0 Buydowns are available at great start rates!

Interest rates are subject to change without notice! Above are LA County Loan Limits.


I am around all week if you have any questions or if someone is interested in buying a property! My cell is 661-714-6258, and my office line is 661-260-2970 ext. 2222. Please text me at 661-714-6258 or email me at Mike@AugustaFinancial.com. Have a great day and a better tomorrow! Please call me when you have a client that needs to borrow!

President | Loan Officer
Mike Meena President | Loan Officer
Click to Call or Text:
(661) 714-6258

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