Dana Point REO Just Listed For Sale

5 Bdr, 5 Bath, 3,874 s.f. SFR now for sale for $1,450,000 in the Lantern Village in Dana Point.  Highlights: -Ocean View from every room -Remodeled inside and out -3 levels with beautiful decks -Income and development potential See listing information on the below Zillow and Redfin Links:  http://www.zillow.com/homes/33862-Barcelona-Pl.,-dana-point-ca_rb/ http://www.redfin.com/CA/Dana-Point/33862-Barcelona-Pl-92629/home/4984352

Owner Occ. Rate & Term Refi Loan Funded

Irvine, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $515,000 BPO Valuation $792,000 Occup Owner Occ. Note Rate 11.50% LTV on BPO Valuation 65.05% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Borrower is an attorney looking…

When to Choose Hard Money?

Scenarios where buyers, sellers, investors and business owners have chosen Hard Money.   While Hard Money rates are certainly higher than conventional loan terms, in many instances the money is less expensive compared to other financing alternatives or the potential loss of potential revenue on a business transaction. Additionally, Hard Money eligibility requirements are less…

Cash-Out Refinance Loan Funded – Moreno Valley

Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $129,000 BPO Valuation $215,000 Occup Non-Owner Occ. Interest Rate 11.50% LTV on Est. Valuation 70.00% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking…

Successful Loan Strategies for Self Employed Borrowers in California

What steps should a self-employed borrower take to get a loan?   Self-Employment carries many benefits including making decisions, schedule flexibility and not having to work for an incompetent Boss. However there are some disadvantages to generating your own income when it comes to applying for a home loan. Today, under new Federal Regulations, borrowers…

Cash-Out Refinance Loan Funded in Adelanto

Adelanto, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $86,700 BPO Valuation $144,500 Occup Non-Owner Occ. Interest Rate 11.25% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months   Loan Scenario: Real Estate Investor…

Be Quick but Don’t Hurry

How can a lender be quick to fund but not hurry the transaction?   John Wooden, world renowned and legendary UCLA Basketball Coach and Author of the “Pyramid of Success” said “Be Quick but Don’t Hurry” to his players.  In other words, do the right things, but learn how to do them quickly. Author Andrew…

Rental Property Purchase Loan Funded – La Quinta

La Quinta, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $302,250 Purchase Price $465,00 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months   Loan Scenario: Real Estate Investor,…

Cash-Out Refinance Loan Funded – Yucca Valley

Yucca Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $73,800 BPO Valuation $123,000 Occup Non-Owner Occ. Interest Rate 12.00% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor,…

4 Ways to Make Money When the Bank Said No

With the Holidays around the corner and increasing tax burdens coming our way, it is a good time for Mortgage Brokers to contemplate ways to earn additional income. A proven method to increase income is to monetize existing leads. Turn a “No” into a “Yes”. Take a Bank (conventional lender) turndown and convert that lead…

“Life is About Opportunity”

How do Hard Money loans give opportunity to borrowers?   I attended a breakfast meeting with Terry Donahue, former illustrious UCLA Head Football Coach, and he mentioned “Life is About Opportunity”.  Terry currently give’s high school football players opportunity to receive a college football scholarship at his California Showcase.  (http://cashowcase.org)  In 2012 450 player athletes…

Go With the Flow!

Projected Yield is nice but Current Income Yield is better.  Assuming invested Capital is equally safe in both types of investments; this blog describes the nuances of receiving yield through a back-end loaded projected yield where interest is earned at the end of an investment term vs. interest earned through a current income monthly deposit.…

4 Buckets for Better Diversification

With Stock Prices at all-time highs and bond yields still near record lows, establishing a truly diversified portfolio makes more sense than ever. Financial planners have long built portfolios based on historical correlations, or the extent to which various investments have moved up and down together in the past. The theory is that when stocks…

Why Diversify from the Stock Market?

  The Wall Street Journal (WSJ) reported in June, 2013 that Insider trading and stock market fraud persists, perhaps at epidemic levels. That’s what WSJ’s MarketWatch found in a series of interviews with people convicted of insider trading and fraud. These felons, including Bernie Madoff who orchestrated the largest in history $50 Billion Ponzi scheme,…