17 Oct 2024 10/17/24 – Golden Handcuffs with 2.75% rate A client recently expressed frustration about being “stuck in Golden handcuffs” because I helped them secure a 2.875% loan in 2020. They’re in a four-bedroom home but feel cramped with three kids aged 12, 14, and 16 – mainly since Dad works from home and the boys share a room. Here’s the financial situation: […] Share on Facebook Share on Twitter
15 Oct 2024 10-15-24 – Co-Signors We often get clients who can’t qualify for a mortgage for some reason, and the question is asked, “Can they get a co-signor?” The answer is yes sometimes, and then the question is, will the co-signor take them over the top, and what is the effect on a co-signor? A co-signor only works […] Share on Facebook Share on Twitter
11 Oct 2024 Non-Warrantable Condos Condo Update – Straight from Fannies list – 57 Projects Condo / Townhome – issues we know of now Properties can be financed with 10% down and are considered NON-WARRANTABLE: Acacia Village Homeowners Association – 147 W Acacia Ave, Glendale, CA 91204 – This project needs critical repairs and may have material deficiencies and significant deferred […] Share on Facebook Share on Twitter
10 Oct 2024 10/10/24 – Inheritance of property and ROI I have been running into several clients who are inheriting properties, and they are wondering if Real Estate is still a good investment. It used to be a great deal to keep every property as the property taxes were low and interest rates were lower than today, but investing in real estate is still a […] Share on Facebook Share on Twitter
8 Oct 2024 10/8/24 – Mid-Day Mortgage Update Thank you to those of you who signed up for the blood drive! We have 35 reservations and a full slate for next Tuesday’s blood drive for Children’s Hospital! Next Up Oktoberfest – October 24th in our backyard at the office! This is my October 30th at Augusta Financial, as we just celebrated […] Share on Facebook Share on Twitter