Mortgage interest rates have been fluctuating recently. This is not talked about a lot in the media, but  in the last two weeks, there was a large dip in interest rates, followed by a large surge, and then a slight decrease again.  

In this email, I will explain what is causing these fluctuations, and more importantly, I will explain what you can do to catch the market at a good time.  

One of the benefits of being a mortgage broker is that I have a front row seat to everything that is happening in the world of residential real estate and “small” business purpose real estate. By that I mean that I get to see what actual individuals and small business owners are doing in real time in terms of buying and selling homes and investing in properties. I find that very interesting.

Last week has seen a dramatic drop in mortgage rates.

The three main questions I receive on a daily basis are:

• Are mortgage rates going to come down some more?

• When will they get back to "normal"?

• How do I know when rates have hit bottom?  

Last week I accompanied three of my clients to the LA Fires Disaster Recovery Center on Pico Blvd in Los Angeles. I was there to provide free assistance to them in case they needed information about the nature of their properties or existing mortgages while applying for SBA disaster loans, FEMA assistance, the Water & Power Department, etc.

Earlier this month, Los Angeles was shook by several major wildfires, all happening simultaneously. I have been working in real estate in the Greater Los Angeles area since 2006, and a number of our friends and clients were directly affected.

Now that the fires are almost 100% contained and residents have been given the green light to return to their homes in all areas except one, the work of surveying the damage, cleanup and rebuilding begins.

“Alejandro helped me to set up passive income, because I was able to buy property. Years ago he helped me buy my first home, which I renovated, and last year I took cash out with his help. I used the money to invest, and it’s definitely helped me to do a whole bunch of stuff. I was able to buy myself a bunch of assets with that.”

Since 2020, many housing markets have experienced a sudden home price appreciation of close to 50% (up to 100% in some markets).

If you are one the lucky ones who invested in Real Estate in 2020 or earlier, you might be sitting on a sizable amount of equity.

Have you ever asked yourself where does Mortgage Money come from? How come that there seems to be un unlimited amount of funds for Mortgages?

If most mortgages take 30 years to get repaid, who sits around and waits to get paid off?

How does this impact you and your ability to obtain an affordable mortgage to either buy a home or business property? 

Fixing and flipping has become a popular concept in recent years, thanks to various TV shows. When you know what you are doing, it is a great way to earn money and help improve communities. In order to pull off a successful fix and flip, experience is key, and it is one of the requirements of a fix and flip loan.

However, even with experienced fix and flippers, sometimes things don’t go as planned.

Many of my clients are actively looking to buy a home. In the last few years, it has been frustrating for many people to buy something in a Seller's Market. It has been difficult to find anything that makes financial sense.

This started to change in May of 2024.

A very successful business owner had been building up her business for over 20 years and was ready to upgrade to her dream home.

Last month, Alejandro was back on the Million Dollar Mortgage Experience podcast for an interview with FundLoans CEO Jon Maddux.

Client Testimonial from Jean-Thony after purchasing a home in West Palm Beach, FL.

From early 2024, the news have been stating that the Federal Reserve is going to decrease rates four times before the end of the year.

While that has not happened yet, the Federal Reserve has indicated that they would do one rate cut - which is yet to come.

The word on the street is that gasoline and rates always come down as we near the Election Date.

"Alejandro was great. He pulled it off. It was like Moses parting the seas. At first, it looked like it was totally impossible. But we had a pillar of fire behind us, and we held off the army.”

Is it when interest rates are at the lowest? When there is a real estate crash? In a recession? When you are making more money? When the market is booming?

These are questions we all have, the answer however might surprise you, as it surprised me!

"Alejandro is extremely prompt, knowledgeable, very kind and very patient. Going in, I didn’t know everything there is to know about mortgages, but there was no question I felt stupid asking.

“What’s more, he had solutions for all the things that came up, and the process felt seamless.”

We had a great time at the annual Mortgage Expo in Irvine, organized by the Originator Connect Network. It is always nice to have the opportunity to talk to new lenders and see what other mortgage brokers have to say.

When you sign on the dotted line of a Mortgage Note, you power the country and change your life.

You change your life because by signing, you instantly create an automatic wealth building program which is the No.1 source of savings for most families.

When Sellers see an offer to buy their property using an FHA Loan, they cringe. Loan officers, in general, use it as a last resort when everything else fails. Well-to-do borrowers might view it as something not to brag about.

Why?