How My Tax Knowledge Can Help You!

Do you have a friend or family member who is thinking about buying a home, or refinancing their current home? I build my business by referral, so if you know of someone who could use the expert advise of a mortgage lender or finance officer, please forward this email to them, or replay back with their contact information and I'll gently reach out to them. If you have any questions about the mortgage and finance industry, please don't hesitate to give me call. I'd be more than happy to provide a FREE Consultation.

I wanted to talk to you today because it's tax season. For some people this means a nice refund, and for others it means an opportunity to pay up to Uncle Sam.

However, if you own a home, Uncle Sam can lessen the sting of taxes. Let me tell a story about how this works:

I had a client who just bought a house and took out a $400,000 dollar loan at 4.5% interest. He was also in a tax bracket of 35%, which a lot of you are probably in too. Well, this client of mine saved $6,300 just based on the interest from the loan. 

This is something to consider as you're paying your taxes. Instead of paying a few grand in taxes, you can lessen your tax burden or actually pay nothing back. If you're getting a refund, you can exponentially grow that refund, too. 

So, when you're weighing in on the decision of whether or not you should buy or sell, just remember that Uncle Sam loves you as long as you don't own a home. 

However, if you're interested in buying a home, or are thinking about doing so in the near future, then please contact me and I can help you get situated and educated about buying one. Let me be your resource for San Diego real estate.

Interest Rates have Temporarily Dropped - Update your Approval Now

Do you have a friend or family member who is thinking about buying a home, or refinancing their current home? I build my business by referral, so if you know of someone who could use the expert advise of a mortgage lender or finance officer, please forward this email to them, or replay back with their contact information and I'll gently reach out to them. If you have any questions about the mortgage and finance industry, please don't hesitate to give me call. I'd be more than happy to provide a FREE Consultation.

Hello, I'm here today with a quick message for you about a very pertinent market update that you can take advantage of. 

• Interest rates have dropped again, and to take advantage of this small window, you should update your Pre-Approval Rating
• Without boring you with the details, interest rates have dropped because of poor markets overseas in Turkey and other areas. Investors have pulled their money out and put it into bond markets here in the U.S.
• What this means for you is...lower rates...but only for a short time.

Be sure to contact me soon to take advantage of these changes in the market. I'd be glad to help assess your situation and see what I can do to help you. The time is now, so act quickly!

You can call me at (619) 209-7132 or email me at sharos@gatewayfunding.com

What Can We Expect for the San Diego Real Estate Market in 2014?

Welcome back and Happy New Year! The statistics are in from last year and it was a great time for the real estate market. We saw an appreciation of 11.8%, what does this mean for you?

The cost of living is starting to increase, interest rates are expected to increase and that means buying is becoming more and more expensive. We expect prices to increase moderately.

If you were thinking about buying, don't hesitate. Get pre approved now so you can get more house for your money. Give me a call at 619.209.7123 or email me at sharos@gatewayfunding.com

How Does Qualified Mortgage Ruling Affect You?

Thanks for joining me today. I have some important news that will affect you. On January 10th, the Qualified Mortgage Ruling will come into play. What is that? Banks and lenders want to make sure you have every ability to repay your loan, so they are making the underwriting process tighter.

One of those ways is with the debt to income ratio; they are lowering it to 43%. How does this affect you? You may have qualified in previous years and not even known what your debt to income ratio was; you could have been over 43%.

Here at Gateway Funding we are holding off on the Qualified Mortgage Ruling until Fannie Mae updates. Fannie Mae has seven years to update; that means they could update a month from now, three years from now or seven. It's important that Qualified Mortgage Ruling doesn't prevent you from getting that new home, so give me a call today and we can figure out where you are.

You can call me at 619-209-7123 or email me a sharos@gatewayfunding.com