Mark-to-market is an accounting method used to measure the value of an asset based on its current market price or fair value. This contrasts historical cost accounting, where assets are recorded at their original purchase price. Mark-to-market is commonly used for financial instruments like stocks, bonds, and derivatives, as their market value can fluctuate frequently. […]

So many things go through your mind when you have been in business for 33-plus years. People tell me I am competitive, which has led to much of my success. When I was a kid, I thought the word competitive was bad. I saw differently by watching people like Michael Jordan, Kobe Bryant, Venus Williams, Serena […]

I received a lot of questions about an Equity Share with a potential first-time buyer and how I would set that up if I were lending money to one of my nieces or nephews and doing an Equity Share. Remember, there is no right or wrong way of setting up an equity share. I take […]

Calculating income can always be challenging, and some lenders don’t pay attention at the beginning, which causes issues down the road. Below are a few essential things that a Loan Officer needs to be careful with when they are qualifying a buyer: Buyer has two jobs – They MUST be on BOTH jobs for a […]

There is a lot of hesitation out there about where interest rates are and the affordability that we have at this time. The good news is interest rates are at their lowest levels since last September, and they could be heading lower, but nothing drastic will happen quickly. In a meeting last week, we decided […]