All Forum Posts by: Matthew J.

Carlos,

In my honest opinion, I would suggest taking it easy and focusing on passing medical school.  I do not think you are going to lose any miraculous deal at this time in the real estate market, prices are at a high in reality and I believe we are in for a new overdue cycle.  Prices will enviably drop, this is a sellers market right now not a buyers market.  Unless you have the deal of a lifetime I would not strain yourself.  Not to mention when you come out of medical school you may relocate depending on opportunities, you may not want to be strapped down to a specific location at this time in your life.  

What ever you choose I wish you luck on your endeavors!

Cordially,

MJ

Haha a Maserati, some might say that is a good investment! (as long as it never leaves your garage!)

Ok Amy, sorry I missed the "refi" was thinking it was a purchase.  I'm going to agree with Andrew and Dylan, take the 20 year don't stress yourself, if things change and income goes substantially up and rates don't go much higher you can always refinance to a 15 year.  Money is worth more now then tomorrow,  anything extra you can invest it or throw it at the principal or worst case scenario not struggle when you have to make a major repair or one day if something unforeseen happens.  Keep in mind the rate of inflation as well, the money you spend today will most likely be stronger then the money you spend tomorrow.  You can easily see where the inflation is heading cash in your pocket is better in my opinion.

Cordially,

MJ

Amy,

I hope the weather is good in Cali!

The rental market tanking should not be your biggest concern.....the rental market is only going to increase in our current geopolitical and economic world. Demand for rent is high and home buyers are low that is why the FHA program and HAMP even still exist.

I think your bigger concern should be your cap rate and your liquid / income.  I personally would not invest into a property if it is going to require me to change my life style for the worse.  Find a property with a better cap or arrange for the current seller to have the rentals increased and lock the renters into a lease.  If you can easily float maintenance cost without changing your lifestyle by all means do a 15 year. Typically I would not make a purchase on a investment property if it's rentals can not float it's own mortgage and basic maintenance.  You do not want repairs cutting into your basic living income or your investment dreams are going to become investment nightmares....... Just my two cents.

Cordially,

MJ

Erik,

What you are asking is not outside our lending wheel house, granted I would need to know your credit score and how much down you have available.  You can always fill out our online application at our website jvcmoney.com.

If I do not hear from you I wish you the best on your endeavors!

Cordially,

MJ

John,

We are a lender in RI, please give us a call or check out our website at JVC.money.com.  I have interest in your deal, our online application is simple, and brokers are protected.

Cordially,

MJ

Don,

Yes we lend in Indiana, Hawaii as well as Ohio, brokers are protected.  All of our applications have a place to fill in the broker contact information.  We always ask that brokers make sure to have their own fee agreement in place with their client prior to application, as this will be a requested item on any diligence list for a applicant with a broker.  If you have any other questions please let me know?  

Cordially,

Matthew Joint

"The Intelligent alternative to commercial lending"

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• Term: 3 or 8 year terms available (30 year fully amortized).
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• Min Population Requirement: 25k or 25 miles within a town of 100k population.
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