Balloon Payment Threat

2018-09-19T17:29:18+00:00

A retail store owner who is also a homeowner in Kensington, came to me looking to refinance. His home loan had a balloon payment that was coming due. The stakes were high: he needed to refinance soon or he could potentially lose his home. The current lender was poised to repossess.

His tax returns did not show the net income required to qualify for a conventional loan.
Using a CPA-certified profit-and-loss statement for the last two years, I was able to get him refinanced into a more stable loan at a lower interest rate. Thus, this business owner, and his wife and kids, were able to keep their beloved family home.

Home Expansion

2018-09-19T17:29:43+00:00

A family of four had outgrown their current residence and were looking for a cash out loan to add on to their existing property. They also hoped to build out a large deck in the backyard for barbecues.

With my extensive network of real estate industry colleagues, I was able to help the homeowner procure an appraisal showing enough equity in the property in its current condition for the borrower to take enough cash to create his new dream house for his family.

He turned a 2/1 into a 3/2 in Castro Valley, and yes, they are now enjoying that deck.

Paid Off Debt

2018-09-19T17:29:51+00:00

A homeowner with a family of four came to me sinking in credit card debt, and concerned that he might lose his house in Pleasanton.

Due to his high credit card balances, his credit score was very low, at 640.

I was able to help him refinance his debts by tapping increased property values in the current market.

We rolled his balances into a new increased mortgage using an FHA loan (Federal Housing Administration) — saving him $2100/month, making it possible for him to keep his home that he had been living in with his family for the past 12 years.