April 2019 Residential Successes and News

Good morning to Springtime Buying,

The joy of the Spring Buying Season is upon us. It is time to give special consideration to the growing families of new homeowners – the ‘Millennials’. They are interesting and intelligent, even much fun. For certain, they are far more than the often described: “all tech”, “no touch”, “detached”, and “unappreciative” of good customer service.

The Good News: The Millennials cannot be put in a singular box. Thankfully they are well educated and tech savvy. And what makes them good buyers? They have a “learn-by-experience” savvy, know the value of financial discipline, and like things done correctly. Sounds like two excellent qualities of a desired, motivated home buyer.

How can we help You ?

We offer our extensive information, experience and knowledge to you. Our goal: Helping you find a safe, sound, and secure plan, easily followed. Every conversation matters.

Points of interest: Call us to learn more

✓   For Veterans: We have program available for purchases up to $ 2.9 million  
✓   For single family homes and condos:  New lending limits: $ 726,525
✓   1st Time home-buyer:  Down payment assistance and Low down-payment options
✓   Self-employed: Use bank statements, not the confusion of tax returns to qualify

Market News

1) 80 % of Single Family homes – sold in Santa Clara County – are valued between $740,000 and $ 2,400,000. 10 % of Single Family homes sold for less than $740,000. For Condo and Townhouses, this range is between $475,000 to $ 1,170,000.

2) Is “Yield Curve” a significant debate? For the first time in a decade, the 10-year rate was less than the ‘three-month rate’. For some, it is significant, since only twice sine 1965, was there not a follow-up recession. Yet this was before QE became popular world wide: USA, EU, Russia, and China. This change makes an ‘inversion’ a less helpful tool.

  Should one be wary?  It is always good to be watchful.  Yet past patterns may no longer apply, as the politics of QE, may play a significant role equal to actual economic realities.  

3) Consider thoughts of economist Dr. Chris Thornberg to Silicon Valley investors: “The economy, the charts, jobs, says everything is the best we have seen in 25 years!”

Conclusion: I am thrilled by this opportunity and for those ready to act in this market.

Market Concerns:

1) Federal Reserve keeping its promise to not raise rates, unless solid evidence first.

2) Slowdown? Based upon the above, it is not imminent. History may have to wait.

3) Will Congress finally finalize and sign off on NAFTA 2.

The lesson: Choices and decisions should be based on solid, proven models with verifiable facts. It is here we can help address your concerns and maximize your financial future. Your real estate life – today and tomorrow – is our priority. We are ready to help, today.

Recent Residential Success Stories

Good news: Buy-out of ex-spouses. Sad but needed and we are ready, caring and helpful.

Working news: Clients resetting their finances. With rates once again attractive, fair, and stable, now is a good time to act. This is what history suggests. Please call today. Act now.

Reverse mortgage tools: Clients wondering if they can afford their home – after retiring – should call. We have a reverse mortgage tool to help simplify the choice. It can also help a client seeking to purchase their next home – using a reverse mortgage – while having no mortgage payment. We can show you a range of proven options to help build your future.

Tax-Deferral: Have a client wanting to sell a California investment property, but not pay Capital gains? We have IRS approved ways to defer, so they can re-invest their monies.

Buying your next home: Tools include using the old and new home for collateral, also tools available to not count the old home payment while you get moved and settled.

Because You Matter

We work with individuals, professionals, and Small Business owners. And, like you, our focus is on securing advantageous financing fit for you, your real estate, or small business. Our initial ‘sit-down’ often proves “key”, as we bring our experience and expertise to a careful review of the tools of our trade needed to achieve your success. Time well spent.

Our distinctive difference: Our Company has been in business 17 years, focusing on financial “solutions” for residential, commercial, small business, and construction. This includes Reverse Mortgages, tax-deferral of highly appreciated real estate, advantageous loans for small business and commercial. Few brokers can offer my 32 years of bringing the joy of lender satisfaction and success to others. Real estate financing is my passion.

Our approach and experience sets us apart – Call today

As you can tell, home finance is far more than a scant overview of rates and fees. What is needed is the financial specialist who wants to know you and your concerns – one who is able to address your needs. It is how we best optimize your desires, within the right loan.

My suggestion: Plan Today, so you will be ready for your Tomorrow.

Closing thought: Standard loans are our bread and butter. Yet we love taking on a good challenge and are ready to help today. We love hearing “Yes”, when others say, “no way”. Give us a call. Our many referrals speak to the quality of our workmanship.

As always, thank you for your calls and referrals. Your success is our priority.

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