Recieved a PPP Loan? Now what do you do? "You are entitled to use the PPP loan to replace lost compensation due to the impacts of COVID-19. You are eligible to claim 2.5 months' worth of your 2019 net profit to replace pay. ... The remaining PPP funds will need to be spent on utilities, rent, and mortgage interest expenses in order to be forgiven" sba
What's the difference anyways....between a "Loan Officer" and "Mortgage Advisor" 🤔 ↘️↘️⬇️
🙋🏽♂️ L.O : Also synonymous with "Licensed Order-taker." Meaning, they are there to take orders from YOU (as the customer), their underwriters, real estate agents, etc. Absolutely NOTHING wrong with this type of service provider and in many cases, it is perfect for the consumer that knows exactly what they want and just needs execution. 𝘛𝘩𝘪𝘯𝘬 𝘨𝘶𝘺𝘴 𝘪𝘯 𝘴𝘶𝘪𝘵𝘴 𝘰𝘳 𝘵𝘦𝘭𝘦𝘮𝘢𝘳𝘬𝘦𝘵𝘦𝘳𝘴 𝘳𝘦𝘢𝘥𝘪𝘯𝘨 𝘴𝘤𝘳𝘪𝘱𝘵𝘴 𝘢𝘯𝘥 𝘱𝘶𝘴𝘩𝘪𝘯𝘨 𝘳𝘢𝘵𝘦𝘴.
🧑🏽💻 M.A: First time buyers match well here, because "advisors" help guide, translate and look out for consumers with an understanding that 𝙩𝙝𝙚 𝙧𝙞𝙜𝙝𝙩 𝙢𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙎𝙏𝙍𝘼𝙏𝙀𝙂𝙔 𝙗𝙚𝙖𝙩𝙨 𝙩𝙝𝙚 𝙡𝙤𝙬𝙚𝙧 𝙧𝙖𝙩𝙚 𝙚𝙫𝙚𝙧𝙮 𝙨𝙞𝙣𝙜𝙡𝙚 𝙩𝙞𝙢𝙚. My team and I have to dissect market information, news and trends that will impact you so we can help you figure out what product is going to have the greatest impact on your family's wealth.
That's my job.👌🏽 Not getting you a certain rate in exchange for papers, or staying my service is outstanding, etc. To me and for YOU, it is so much more than that 😉.
73 1,55630 June, 2020
Congratulations to this new home owner! Persistence and due diligence! We all did it! Thank you Ana! Thank you Vanessa!
• COST OF MED SCHOOL •
Here’s a pic of me before i drown in student loans...Med school expenses aren’t talked about often, but they need to be a factor if you’re on the fence about pursuing an MD & deciding which med school to attend! 🤷🏻♀️
There’s already a shortage of doctors, premed is already stressful, why does everything have to be so expensive?! 💰Even successful physicians I know took 𝟏𝟕 𝐲𝐫𝐬 to pay off loans! So if you can secure scholarships or attend a med school w/ FREE tuition, 🤗 that’s an amazing option!
Just to give people an idea of how much it can cost, I’ve listed my most prominent med school related expenses. I’m fortunate that my parents support me financially, but not every student has that (which is why it frustrates me so much how many barriers there are!) 😤 There are financial assistance programs available, but it shouldn’t have to exist in the first place.
• Kaplan MCAT course = ~$𝟐𝟐𝟎𝟎
• MCAT Exam = $𝟑𝟐𝟎
• primary application = $𝟏𝟎𝟗𝟎
• secondaries = $𝟐𝟏𝟔𝟓
• CASPer = $𝟔𝟎
• interview traveling = ~$𝟐𝟐𝟓𝟎
• CWRU SOM tuition + scholarship (MS1) = ~$𝟔𝟕,𝟎𝟎𝟎 + 𝐥𝐢𝐯𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 + 𝐌𝐒𝟏 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬
Even BEFORE med school, it cost me ~$𝟖𝟎𝟖𝟓! And 4 yrs of tuition will be another $𝟑𝟎𝟎𝐊 + 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭! If you have any thoughts, concerns, questions about loans, paying for med school, etc. lmk below! ⬇️
😮SPOILER😮 - I make fun of Indians here, which I am allowed to do, so it's not racist (because I'm Indian, of course). Just saying......🇮🇳
Sat down with @valoanguy earlier this year to talk about the customer dynamic in the mortgage space and how some clients will continue hunting lower 📉 and lower 📉 and lower rates without recognizing that it comes at a different cost - which is the VALUE 💲 side of things.
The "PRICE/VALUE Matrix" shows that a sharp increase in one side of the equation results in a proportionate drop in the other. A "sweet spot" exists to maximize both without sacrificing one for the other - which are the extremes 👍🏼.
What does that mean for you as a customer?🤔 Just remember that the right mortgage "strategy" (again, VALUE) will always beat the "lowest rate."
🚀 Check out Jason's podcast, Armed and Ready, which is a salute to military, small business members and influencers alike 🚀
Large banks in the U.S. have seen rising default rates on credit cards and loans since pandemic restrictions and historic job losses began in early March. Many banks and credit card companies have reduced or eliminated interest rates and minimum payments for a good part of 2020. Because of this and an overall slow recovery expected by economic experts, data shows that banks are gearing up for an expensive stretch of losses on loans. According to data collected by Bloomberg, top banks like Wells Fargo, Bank of America, Citigroup and JPMorgan Chase will continue to increase available provisions for loan losses for the second quarter of 2020 – continuing a trend from the first quarter of drastic increases in loan-loss provisions. JPMorgan Chase will reportedly have the highest amount of cash available to overcome the cost of loan defaults, with a predicted $8.4 billion set aside for the second quarter. Close behind is Citigroup with an estimated $6.7 billion, while all other banks are greatly increasing their upward trend for the year 🔥💰🚀📈
Congratulations to another young couple buying their first home! Thank you @rocjays247 for introducing me to another great family and allowing me to earn your business! Not to mention getting their closing costs covered by the seller!
Click the link in bio to see what it takes to Close it With Cristian!