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 Mortgage Calculator Building Net Worth First-time Homebuyers/Overcoming Bankruptcy Refinancing/Self-Employment From Owner to Investor |
Life StoriesHomeowner Building his Net WorthMy client, an Architect based in San Francisco, needed to move out of an office he was leasing to a permanent location. Already a homeowner, he felt it was a good time to get into an investment property that would benefit his business and his lifestyle.He was able to find a Live-Work loft in South of Market. He was faced with a dilemma in keeping his condo but not wanting to pay more than what his budget allowed. We strategized on his loan payments and he was able to keep his Emeryville condo and buy the Live-Work loft with the right financing. I closed his loan a week earlier than expected. He was very satisfied and it's a great feeling to know that I took part in building his net worth. Architect, Live Work Loft, SOMA First-time Homebuyers/Overcoming BankruptcyMy client, a former coworker, rented a home with her husband and two daughters for 20 years. She thought they couldn't qualify to purchase a house because of her husband's poor credit rating and her previous bankruptcy. In addition, she worried about new expenses a homeowner would have.She dreamed to have her own place and the freedom to personalize her home. As a tenant she was limited in these things. Over lunch, I told her about all the different loan programs for first-time homebuyers and people in her financial situation. We ran her credit report, which to her surprise was better than she expected. It was a high rating and I ended up getting her a good rate for an affordable monthly payment. She never expected she would own her first home. She can finally paint her master bedroom like an African safari. Renter turned Homeowner, 3 Bedroom Home in Suisun Refinancing/Self-EmploymentMy client, a Sales Consultant, owns a 35-year old house and lives with her husband, two children and her parents. She and her spouse are self-employed. She had been wanting to update the exterior of the house and reface their kitchen.Due to earlier hardships, the couple had filed bankruptcy, which was discharged after 7 years. They were uncertain about getting approved for a loan and asked for my help in refinancing their home. I helped them get over the obstacle of their bankruptcy affecting them, as well as their self-employed status. They were able to refinance to a low 30-year fixed rate and they pulled out $100,000 in equity for their home improvement. Self Employed Homeowner, 5 Bedroom Home in Daly City From Owner to InvestorMy client, a Business Analyst, owns three properties. His first home was a 1-bedroom condo. One thing about buying real estate is about timing. In a span of a year and half, he was able to acquire two single-family residences, a 3-bedroom home and a 5-bedroom home.He moved into the bigger home and the other two are income-producing rental properties. In both homes, I was able to set him up with the right financing, including a 5/1 ARM and a 30-year fixed. He's turned one of the rental properties into a facility for residential elder care. I'm happy to know that through his move up, I had a part in securing his mortgage. Business Analyst, 3 Properties in Southern California Use the form below to reach me for all your mortgage planning needs. * = required |  Cathy Dimalanta "For all your mortgage planning needs" Direct: (510) 305-3863 Fax: (510) 245-7398 10 Commodore Drive Emeryville, CA 94608 Contact me! |