Residential Real Estate

THE SCENARIO: A successful investor wanted to expand his portfolio into real estate. While browsing properties, he encountered an overly eager real estate agent pushing a condo purchase. Fortunately, his CPA urged him to speak with me first.

THE PROBLEM: During our consultation, I reviewed his finances and investment qualifications. I emphasized one essential rule: every rental property must generate

SCENARIO: Borrower was purchasing a multi-family property for investment purposes. He was a sophisticated investor, already owned multiple properties, and he was self-employed. This borrower owned and operated multiple companies and received income from twenty different entities, all which filed tax returns every year. This borrower felt he was a high-income earner. His credit was excellent. Plus, his investments and

SCENARIO: A frugal young couple had worked and saved diligently, investing wisely, and living within their means to someday purchase their first home. When the time came, their Realtor recommended they work with Warren Goldberg of Mortgage Wealth Advisors.

PROBLEM: Home values on Long Island appreciated significantly, causing anxiety over high monthly mortgage payments. Their substantial investment portfolio could be

SCENARIO: This homeowner worked with Mortgage Wealth Advisors when he purchased his home two years ago. At the time, rates were higher, and her house has realized significant appreciation since she closed! Over the past two years, Warren Goldberg has stayed in touch with her, checking in from time to time, offering advice and assistance when he could.

PROBLEM: This

SCENARIO: Sixty-two-year-old homeowner is retiring. He must remain in his home for another five to ten years before he sells and moves to a modestly priced retirement community in the south. Yet his income will drop from his $100,000 salary to just $40,000 per year.

PROBLEM: His retirement budget requires $80,000 per year cashflow, at least until he sells his

SCENARIO: Borrowers were recommended to me by their real estate agent. These borrowers were purchasing a new home. Rates were rising and they were extremely anxious about their new mortgage payment. They informed me the maximum payment they could afford was $3,500 per month.

PROBLEM: These borrowers were purchasing a home at the maximum of their budget. The anxiety of

The following article was written by Warren Goldberg, President of Mortgage Wealth Advisors, about the Top Five Mortgage Mistakes Divorcees Make. Warren was invited to write the article by Wendy Samuelson, Esq. of Samuelson Hause, PLLC. The article appears on their firm’s website.

https://www.samuelsonhause.net/blog/2024/december/the-top-five-mortgage-mistakes-divorcees-make
The post The Top Five Mortgage Mistakes Divorcees Make appeared first on Mortgage Wealth Advisors.