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Rob McCarthy
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Is Your Bank Driving You Crazy? Come to 101 Loan, Where We Make Home Financing Easy!
Is Your Bank Driving You Crazy? Come to 101 Loan, Where We Make Home Financing Easy!

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If Retired...

Purchase Your Next Home at 50% Down and have No Mortgage Payments! See below for more info or contact me. Thanks.

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA
CA BRE #01165697 NMLS #121019

Products/Services Provided:

• Residential, Commercial, Construction, Foreign National and Reverse Mortgage Financing for Purchases and Refinances
• Access to over 40 banks and over 150 “Five Star” Reviews on Yelp, Google and Facebook
• Serving Real Estate Needs since 1990 and has closed over 3000 loans and over $2b in loan volume
• Out of the box thinking, timely service and access to all loan programs.
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Over the last few months, I have been teaching educational seminars at local libraries and local companies on the following topics:

• The Path to Successful Home Ownership (Great for 1st Time Home Buyers)
• Creating Passive Income Through Investment Property (Great for Diversification and Tax Benefits)
• Reducing Risk with a Balanced Portfolio (Protect your Down Side)
• Is Your Estate Protected? (Covers Estate, Tax and Property Insurance Planning)
• Age in Place or Down Sizing? (Help’s Seniors and Empty Nesters Review Their Housing and Cash Flow Options)
• How to Help Your Kids Buy in Today’s Market – Give a Hand-Up vs a Hand-Out! (Provides Options to Help Your Kids buy Locally)

If you would like to have one of these seminars presented at your company, please ask your Director of Employee Education to contact me or please make intro via email at rob@101loan.com and I will followup. Thank you so much!

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA 95008
CA BRE #01165697 NMLS #121019

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10/29/18
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Real Estate Education...

In the last few months, I have been writing and teaching quite a few seminars at local libraries and local companies on the following topics:

• The Path to Successful Home Ownership (Great for 1st Time Home Buyers)
• Creating Passive Income Through Investment Property (Great for Diversification and Tax Benefits)
• Reducing Risk with a Balanced Portfolio (Protect your Down Side)
• Is Your Estate Protected? (Covers Estate, Tax and Property Insurance Planning)
• Age in Place or Down Sizing? (Help’s Seniors and Empty Nesters Review Their Housing and Cash Flow Options)
• How to Help Your Kids Buy in Today’s Market – Give a Hand-Up vs a Hand-Out! (Provides Options to Help Your Kids buy Locally)

If you would like to have one of these seminars presented by your local library or employer, please contact your local librarian to make the request or your HR director in charge of employee education and introduce them to me. I will take it from there and let you know when the next presentation is available.

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA 95008
CA BRE #01165697 NMLS #121019

Products/Services Provided:

• Over 25 Years of Experience in Residential, Commercial, Construction and Reverse Mortgage Financing.
• Access to over 45 Lenders resulting in the Lowest Rates, Lowest Fees and Timely Service.
• Over 150 “5 Star Reviews” in Yelp, Facebook, Google and Linkedin.
• Access to All 1st Time Buyer Programs.

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Do You Have Parents that Got Hit Hard during the Last Financial Crisis and Haven't been Able to Catch Up?

If they are of retirement age, own a home and would like to rid themselves of mortgage payments, credit card debt and put money away for a rainy day, I may have the solution for you...

The 101 Loan Debt Free Mortgage which Provides:

1) No Monthly Mortgage Payments
2) Payment Free Equity Line of Credit
3) Cash-out with No Monthly Payments
4) Financial Freedom etc.

For more info, please contact me. Thanks.

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA
CA BRE #01165697 NMLS #121019
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3 Top Things to Do When Getting a Divorce (Credit Wise)...

Divorce and Credit

By Rob McCarthy, Senior Mortgage Planner at www.101Loan.com

A divorce can certainly take a toll on a person emotionally, but it can also wreak havoc on a person’s finances. For instance, your household income may be going from two people working to just a single income. It is also often the case, especially in contentious separations, that one spouse refuses to pay their share of the bills while the divorce is ongoing. This can result not only in your bank account taking a hit, but your credit score may also be negatively affected. Even in a “friendly” divorce, many people find their credit rating has taken a nose dive.

There are steps you can take to help retain your good credit standing or if your credit has worsened as a result of your divorce, what you can do to rebuild it.

Step 1 - When it comes to repairing your credit after a divorce, the first step one should take is finding out exactly where your credit score stands and how your credit looks. This can be done by ordering a “tri-merge credit report” with us that includes the 3 major credit bureaus and their fico scores.

Step 2 - Carefully examine the report to find any and all accounts that are held solely or jointly. Unfortunately, it is not uncommon for one spouse to take out credit cards in their spouse’s name without their knowledge – especially in a troubled marriage – and these accounts can have a negative effect on one’s credit score if not paid or if multiple cards are opened.

Step 3 - Close out accounts held jointly with your ex-spouse, and open accounts in your name only. The closing of accounts may cause your credit score to dip initially, but it will go back up again once you begin reestablishing credit in your name alone. You should also contact your current credit card companies and let them know you are now divorced. Inquire whether or not they will issue you a new credit card account in your name only.

Lastly, its important to have your name removed from accounts where you are listed as an authorized user.

When it comes to paying bills which are in your name alone, to keep your credit as pristine as possible, we recommend that you prioritize the payment of your bills in the following order to retain the highest credit score possible:

1. Mortgage, car loans, and other installment loan debts and credit cards
2. Rental payments for apartment or house
3. Utilities.

Notes: The above is for education purposes only. For more information, please contact your divorce attorney, lender or credit specialist.

Lastly…During the divorce process, it is important to keep your attorney informed of any issues that surface regarding martial finances as you are going through the divorce. If your spouse is supposed to pay a share of the bills and refuses, your attorney will know what legal options you have – such as requesting a hearing where the court can order your spouse to make the payments.

BTW…If you are looking to purchase once your divorce has finalized or before it’s been finalized, please contact me to discuss your financing options.

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA 95008
CA BRE #01165697 NMLS #121019

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101 Loan
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There are 99 factors affecting the current housing market, but tariffs ain't one? Consumers seem to ignore threats of a trade war as consumer confidence soars. But what does that mean for the housing market? This issue answers that question and more, including:

• Fed Raises Interest Rates as Housing Affordability Stalls: - What do higher interest rates and high consumer confidence levels mean for housing sales forecasts?
• What to Watch: Apartment Rents - Apartment Rents Are On the Rise. Meanwhile, rental capacity is at an all-time high.
• Are Fire Pits Good Home Investments? - Are fire pits an asset to home value, or will homeowners regret building one when they enter the housing market?
• Q&A: Choosing Property Management Companies - How can you find a quality property management company to manage your passive income?

Please feel free to forward this newsletter to friends, family or co-workers who may find it helpful.

http://www.mmgweekly.com/m/index.html?SID=a2186aa7c086b46ad4e8bf81e2a3a19b

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA 95008
CA BRE #01165697 NMLS #121019

Products/Services Provided:

• Over 28 Years of Experience in Residential and Commercial Financing with Access to over 45 Lenders resulting in the Lowest Rates, Lowest Fees and Timely Service
• Over 150 “5 Star Reviews” in Yelp and Google
• Expert in Senior Lifestyle Financing
• Access to Land, Construction and Commercial Financing
• Access to All First Time Buyer Programs including FHA, Cal FHA, VA and City Programs

Note: Interest rates and loan programs quoted are subject to change without notice or until locked and approved by lender.

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Free Educational Seminar…

Parents Helping Kids Buy a Home In Today's Market
presented at the Saratoga Library on September 29 at 10:30am for 1 Hour located at 13650 Saratoga Ave, Saratoga, CA 95070

Discussing options to purchase in today’s challenging market that provide adult children a hand up, not just a hand-out!

Topics will include:

The Current Real Estate Market in the Bay Area

- Equity Sharing

* What Does it Mean?
* What are the Benefits
* What are the Negatives
* How does it Work?

- Available Financing Options...
* Gifting
* Co-Signing
* Purchasing Together

How to Protect Wealth through a Properly Formed Contract and Much More…

Please RSVP at rob@101loan.com. Thanks.

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
www.101Loan.com
408-377-4123 o 650-465-8957 c
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA
CA BRE #01165697 NMLS #121019
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Attention Retirees or Those Thinking of Retiring…Come to our Free Retirement "Right Sizing" Seminar on Friday, 9/21/19 at 10:30am at the Saratoga Library.

We will discuss the following:

- Educate Yourself on Options… Staying (Age in Place) or Moving (Downsizing)?
- Understanding Your Affordability
- Review the Benefits of Lifestyle Rightsizing
- Understand the Steps of Downsizing
- Create a Plan for Success
- Help You to Remain Independent

For more info, please contact me at rob@101loan.com or at 408-377-4123.

Rob McCarthy
Senior Mortgage Advisor
101 Loan – Home Financing Made Easy
408-377-4123 o 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA
CA BRE #01165697 NMLS #121019

http://sccl.evanced.info/signup/EventDetails?EventId=103339&ag=all&df=list&private=0&do=1&nd=60&lib=999&backTo=Week&startDate=2018/09/17
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Good Afternoon,

Last week I posed the question to financial planners and tax planners if the market we are now in, is similar to 1999 or 2008 and if you remember your history, the following year we had big corrections in the stock market and the real estate market.

Most stated that this is a different type of market supported by a strong economy, strong stock market, relatively low rates and of course a strong real estate market. One response from my good friend, Dave Murdock with Bordeaux Advisors in Menlo Park, stated…

We see the economic backdrop as positive, particularly in the United States. CEO confidence is a two decade highs, bank lending officer surveys for business loans shows banks are more accommodative, tax reform continues to pay dividends, unemployment is low and getting lower, consumer confidence is high, and interest rates and inflation remain relatively low. Equity prices are a function of corporate profits, and US profits and free cash flow margins are at the highest level since 1952. Money is being repatriated, capital spending will likely increase in the short run and valuations are not excessive—and our recommendation to clients is stay invested in risk assets where appropriate. All told, this environment remains in a position to be supportive of equity prices in the US. International markets will likely tag along, particularly given their valuations are below those here locally, and attractive assets will usually get a bid from investors at some point.

Finally, we do not believe a recession is likely in the next 18 months, though the global central banks are intent to tighten monetary policy and increase interest rates. This tips the risk/reward balance for fixed income to unfavorable and we recommend taking a defensive position in bonds. Given this late cycle characteristic at hand, we suggest that diversification of portfolios should include alternative asset classes which should help minimize volatility and could prove quite valuable if geopolitical risks continue.

Next…

As a lender that specializes in Residential, Commercial and Reverse Mortgage financing, there are still many advantages of buying and also pulling cash-out of your current home to diversify investments. Last week I met with a retired client that wanted to pull equity out of his house to invest into market, a way diversifying real estate holdings so he wasn’t house rich, cash poor. After running multiple scenarios he and his financial planner & tax planner felt it prudent to pull money out of equity, invest those assets so he could diversify his portfolio.

What’s great about the reverse mortgage I provided him, his rate is a 6% fixed rate, his closing costs are below $6k and he has no monthly mortgage payment unlike traditional loans that have monthly payments and worse yet, one has to qualify for them. Having access to the equity with no mortgage payment is a phenomenal benefit of doing a reverse mortgage. (See attached for more info on this or call or email me to discuss)

Lastly…

I haven’t sent out my market update in quite some time. Please click here for a copy of it. If you are looking to buy, sell or refi, please contact me.

Have a Great Week!

Best Regards,

Rob McCarthy
Senior Mortgage Advisor
http://www.mmgweekly.com/w/index.html?SID=86df7dcfd896fcaf2674f757a2463eba
408-377-4123 o 650-465-8957 c 408-608-1921 f
101 Loan - 1475 S. Bascom Ave, Suite 112, Campbell, CA 95008
CA BRE #01165697 NMLS #121019
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Home Sales Slip
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