Hey everyone, Just wanted to jump in and give you a quick update on what’s going on with interest rates — because it’s been a week. If you’ve been paying attention, you’ve probably noticed that rates have gone down, then up, then down again… and back up. We’re in a really volatile interest rate environment, and that’s… Continue reading RATE ROLLERCOASTER: WHAT’S GOING ON & WHAT TO WATCH NEXT
Author: Kenny Simpson
ILLEGAL ADUS: THE #1 MISTAKE REAL ESTATE INVESTORS MAKE IN CALIFORNIA
If you’re a real estate investor in California, there’s one mistake I see over and over again that can blow up your cash flow, your legal standing, and your entire deal: The #1 RISK is Renting out an illegal ADU. It’s tempting, I get it. You buy a property with a converted garage, guest house,… Continue reading ILLEGAL ADUS: THE #1 MISTAKE REAL ESTATE INVESTORS MAKE IN CALIFORNIA
HOW THE GOVERNMENT “PRINTS MONEY” WITHOUT ACTUALLY PRINTING IT (YEP, IT’S WILD)
Okay, let’s talk about something that sounds fake but is 100% real:The Federal Reserve can just make money appear.No, not with magic. Not with printers. With… keystrokes. Let’s break it all down so simple that a kindergartener (or your friend who still thinks Bitcoin is a type of protein shake) could get it. Step 1:… Continue reading HOW THE GOVERNMENT “PRINTS MONEY” WITHOUT ACTUALLY PRINTING IT (YEP, IT’S WILD)
WANT LOWER INTEREST RATES? THE GOVERNMENT NEEDS TO STOP PRINTING MONEY
Hey friends, Ever wonder why interest rates are still high and why the Fed isn’t just dropping them back to the good old days of 3% mortgages? Well, a big part of the problem is government spending, the deficit, and our love affair with printing money. Yeah, I know—government spending is nothing new. But here’s the deal: when we… Continue reading WANT LOWER INTEREST RATES? THE GOVERNMENT NEEDS TO STOP PRINTING MONEY
WE USED TO PAY NO INCOME TAXES AND HOW TARIFFS CHANGED IT ALL.
Hey friends, Ever wonder why we pay income taxes instead of just slapping tariffs on imported goods like we did back in the day? I mean, wouldn’t it be nice if we could just tax foreign stuff and call it a day? Spoiler: we used to do that, but turns out, it wasn’t quite enough to keep… Continue reading WE USED TO PAY NO INCOME TAXES AND HOW TARIFFS CHANGED IT ALL.
NEW TREASURY SECRETARY PATH TO 5% MORTAGE RATES
If you’ve been waiting for mortgage rates to drop, you’re not alone. The 10-year Treasury yield plays a huge role in where mortgage rates go, and right now, all eyes are on the new Treasury Secretary Scott Bessent to see what moves they’ll make. So, can mortgage rates hit the 5s? It’s possible if the Treasury plays it right. Here’s what they can do to push… Continue reading NEW TREASURY SECRETARY PATH TO 5% MORTAGE RATES
GOOD DEBT VS BAD DEBT
There’s always been a big debate when it comes to debt—Is it good or bad? Should you avoid it at all costs, or is it a tool that can help you build wealth? Being in the mortgage business for 20 years I have witnessed the good, bad and ugly of debt in so many clients. In… Continue reading GOOD DEBT VS BAD DEBT
TRUE story.. 49% of SELF-EMPLOYED mortgages are DENIED, here’s HOW to get approved?
I talk to self-employed borrowers every day, and one of the biggest challenges they face is getting approved for a mortgage. In fact, 49% of self-employed mortgage applications are denied. And what’s worse? 34% don’t even apply because they think they’ll get rejected. Here’s the reality—most self-employed borrowers get turned down for one of these reasons: Income… Continue reading TRUE story.. 49% of SELF-EMPLOYED mortgages are DENIED, here’s HOW to get approved?
HIDDEN TAX ON HOMEOWNERS NO ONE IS TALKING ABOUT.
How LLPAs Are Driving Up Mortgage Costs—and What We Can Do About It Mortgage rates remain high, and affordability is a growing crisis. Meanwhile, Fannie Mae and Freddie Mac are earning billions in profits, partly due to Loan Level Price Adjustments (LLPAs). These fees penalize borrowers unnecessarily, driving up rates and monthly payments. Let’s dive… Continue reading HIDDEN TAX ON HOMEOWNERS NO ONE IS TALKING ABOUT.
SELF EMPLOYED LOANS ARE HELPING SO MANY OF MY CLIENTS PURCHASE AND REFINANCE
How NON-QM Loans Can Help Self-Employed Borrowers Secure Mortgages For many self-employed individuals, securing a mortgage can be complex, especially when traditional income documentation doesn’t reflect their full financial picture. Non-QM loans offer a solution for those who may struggle with tax returns or regular pay stubs but have the assets and financial stability to… Continue reading SELF EMPLOYED LOANS ARE HELPING SO MANY OF MY CLIENTS PURCHASE AND REFINANCE