Archive for News

Market Update for July 7 2014: Back in the Saddle

I’m back in the saddle! Since the last time I wrote a market update in November of 2013, a lot has changed. I threw my hat into the race for Culver City Council. Our team came up short, but we did well for a first attempt against two incumbents, and we learned a lot of […]

Alternative Programs — Adding Value: “Cash Flow” Mortgages

Is the income on your fax returns not-too-impressive, but you would like to buy investment real estate? There are a few fantastic new loan programs available for those who own or who are looking to buy investment real estate. One such program is a “cash flow” mortgage where a clients’ qualifying is based solely on […]

Market Update for October 14 2013: Hard Money Loans

In the words of Wayne Gretzky: “You miss 100% of the shots you don’t take.” I have two deals where the clients are taking calculated “shots.” In one case, the client has not filed tax returns in the last 5 years. He recently inherited a tri-plex with tremendous equity. He needs to pay off a […]

Pulse on Politics: Government Shut Down and Interest Rate Impact

How have the pending debt ceiling impasse and the current government shut-down impacted interest rates? These factors have been positive for interest rates. In general, economic instability leads to a drop in rates. US Bonds become a more attractive investment. With more investment in bonds, the price of bonds drops. This tends to correlate positively […]

Alternative Programs — Adding Value: Veterans Administration (VA) Loans

Many veterans have never taken advantage of their “VA Entitlement,” which is the ability of a Veteran or her/his family to obtain low rate financing for home ownership. VA loans can be used to purchase or refinance property. Purchase loans do not necessarily require a down payment (100% financing), and the rates are amazing. Also, […]

Social Responsibility: Culver City Rotary Club’s Casino Night

Join the Culver City Rotary Club on November 16th for our annual Casino Night Fundraiser! Consider buying a ticket for a 1 in 250 chance to win $10,000 in cash! Proceeds will benefit a host of Culver City’s school and educational opportunities.

Market Update for August 5 2013: “More Market Manipulation”

“More market manipulation.” This is a phrase from the July 11, 2013 Provident Bank weekly email on the direction of mortgage interest rates. I think this phrase is apropos. This Wednesday, the 31st, the Fed will meet and issue another statement. Markets, fuelled by the media, will react in their usual knee-jerk ways. To refer […]

Pulse on Politics: Weiner Scandal Detracts from American Politics

I feel compelled to share Amy Walter’s recent comments from the July 29, 2013 Cook Political Report: “I get that sex sells. I know the Anthony Weiner saga is buzzy and great for ratings. But, in the end, it’s terrible for those of us who love covering politics, and for the institution of public service […]

Alternative Programs — Adding Value: Refinancing Rental Property

People who own investment properties. . . yes, even you can save money! Clients who own investment properties often think that qualifying standards would preclude them from refinancing. Yet these ideas are not true and refinancing IS possible. Please, if your rates on properties, including investment properties, are over 4.500%, give us a call to […]

Social Responsibility: Financial Literacy at Upward Bound House

On July 29th, CPK Mortgage will be sending volunteers to the Upward Bound House in Santa Monica to teach a monthly Financial Literacy Class. Upward Bound House is a family shelter for homeless families. Families are educated on sound financial management techniques, credit maintenance skills, etc. If you are interested in helping to co-teach one […]