Wednesday, December 8, 2010

Luca Brasi Sleeps with the Fishes

When it comes to relationships, there are few proven ways to determine compatibility.  Issues alone aren’t pre-determining.  What draws some people together splits others apart.  And the allure of character traits isn’t necessarily consistent over time.  That which initially made a person appealing can wind up being exactly what drives a lover to study the contraindications of every pill in the medicine cabinet before making that special someone that special dinner.  (See, boyish/immature, attentive/clinging, mysterious/uncommunicative, etc.) 

Religion, ethnicity, economics, geography, age, appearance, intelligence, politics – none are prohibitive; none are guarantees.  Where there’s a will, there’s a way.  Astrologers proclaim that certain signs don’t mesh, but they don’t rule it out.  Shakespeare nailed it: It is not in the stars to hold our destiny but in ourselves. 

But science has found a black swan; one insurmountable hurdle between lovers.  No matter how strong the heart or head, neither organ is as strong as the nose.  Simply put, if you don’t like the way your lover smells, wave good-bye.  Typically unconscious, nose-crinkling reaction penetrates any layers of perfumes, soaps and eau de toilette (far from the most appealing scent name in any event.)  It’s said, “The way to a man’s heart is through his stomach” – and the sense of taste is controlled by sense of smell.  Hmm, about that special dinner…
That it?  Smell?  That’s all?  Well, no, not really.  I found a gray swan.  The animal simile is appropriate because there’s a sure-fire way to foretell whether a prospective date will be a strike or gutter-ball: pets.  People that like pets don’t click with people who don’t.  And before you argue (or get your own blog), I’m going to address an issue that’s a subset in relationships among pet lovers.  Sleeping with your pets.

This being Hollywood, I turn to the movies to illustrate life.  In the rare film where a pet sleeps with adults, it’s almost always for comedic effect and usually the bigger the animal the funnier the bit (i.e., “Beethoven”.)  One great exception is for one great movie. The “Godfather” inhabitants lived topsy-turvy to normal society where crime was good, and  police, bad.  Conforming to this inside-out perspective, sleeping with animals had in their world a Grand Guignol twist.  Bedding down with critters was decidedly unhealthy.  Luca Brasi slept with the fishes while a Hollywood producer awoke with his favorite horse’s head, each providing a suitably twisted meaning to “bed wetting.” 

Pet lovers can encounter rocky roads over who’s sleeping with whom.  The argument can be so torrid you almost wish the battle was over something simpler, like adultery.  Kicking a date’s treasured pooch from the bed will be your quick ticket to the dog house.  It’s not just newcomers who are fed to the dogs.  One friend articulates her bedroom rules to each prospective boyfriend: if it ever comes down to her two Siamese cats or him…   Another lovingly allowed her cockatiel to sleep under the covers.  This may be great if a damaged L4 spinal disc requires you to sleep rigidly on your back, but is hell on the relationship should the guy inadvertently roll over in his sleep.  Not so good for the cockatiel, either. 

There’s more than love and loyalty involved.  Mass counts.  One couple let their 215 pound bull mastiff sleep between them.  Whether this was their idea or the mastiff’s, they’re not saying.  But they do have a harmonious marriage.  Whether it’s because of the mastiff, they’re not saying.  The mass problem can be as tricky with small dogs – as when it’s a lot of small dogs.  A friend once tried dating a woman who heads an animal rescue group and whose bed was a nightly repository for anywhere from five to eight dogs.  He reported that finding space among them banished any Kama Sutra-like thoughts.  All that came to mind were the instructions inside the box cover of the game “Twister.”  To this day he recalls the various contortions and stacking arrangements – and remains uncertain whose legs were under his.

So, to choose someone for a relationship, find someone like-minded about pets.  If you don’t like them, find someone who also doesn’t.   But if you both like critters, go to step two.  And remember the adage: those who lie down with dogs wake up with fleas.  

Subject for subsequent disquisition: how in my particular case, fleas resulted in me being hospitalized.  It was comedic.  Just like the movies.

Tuesday, November 23, 2010

Refinance Your 30 Year Mortgage with a 15 Year Mortgage - Save Thousands of Dollars!

Get a much lower interest rate and save thousands of dollars in interest every year on your mortgage.
Current Interest rates for mortgages are at historic lows, but families are not taking advantage of the opportunity. There are many myths that might be contributing to this reluctance. Los Angeles Mortgage Broker, Bill Rayman explains how to judge whether you should be in the market for a refinance of your home or investment property.

Call Bill for a free analysis at310-295-2900 ext 113

Sunday, November 21, 2010

Secrets Your Mortgage Broker Doesn't Want You to Know - Interest Only Loans

This is Bill Rayman of Mortgage Capital Partners. I am here to address a number of myths and misunderstandings about the mortgage business and in particular how it can affect you in refinancing and even whether or not you should consider refinancing.

Myth #3: It makes sense to pay off my Home Loan as Soon as Possible or Interest-Only Loans are Bad!

Myth number three is that it makes sense to pay off the home as quickly as possible. A corollary of that myth is that interest-only loans are bad. The fact is, it is not necessarily bad to pay off your home, and often it is simply not a good choice what so ever. There are several components to this answer.

The first is, not all debt is bad debt. Considering that you might be borrowing potentially hundreds of thousands of dollars for ten, twenty or thirty years, and you can lock that interest rate in today at under 5%. Plus, the interest on that money is very likely tax deductible, so if you're in a 25% tax bracket which is close to the national average, a 5% interest rate means your effectively borrowing 3.75%. Where else can you get debt like that, certainly not from your credit cards?

The second reason to consider not paying off your mortgage is this; think about the use of the funds. Paying down the principle, which is to say increasing your equity in the house, feels like a good thing and I respect that's a really good reason to do it if it feels good. From a strict financial point of view, your house is an asset and if you put money into any asset you want to see that the asset appreciates in value; that it grows. It sounds somewhat counter intuitive until you realize no matter how much you put in to your house in terms of the equity, whether you put down 100%, or you borrow 100%, the price of your home is established by the market. Therefore, paying money into your mortgage is technically a zero rate of return. With that in mind, the issue that comes up is if you didn't put it into your home, what else could you do with it? Right now, the investments in the market are very poor. CDs are paying on average 1.6% in the country, but that's today. Looking further down the road, we've been accustomed to five, six, seven, eight percent returns on investments. So if you can borrow from the bank at three, four, or five percent and put it in stocks or even just very secure treasury bonds; treasury bonds so much as there are secure bonds that you can probably be getting five, or six percent on, and ideally you probably will down the road. You are doing what a bank does, you're borrowing low, and you're investing high at a secure rate.

Friday, November 19, 2010

Fixed Interest Mortgage or Adjustable Rate Mortgage? Shocking Revelation!!

Bill Rayman, mortgage expert with Mortgage Capital Partners, takes on the volatile question of whether Fixed Rate Mortgages are better than Adjustable Rate Mortgages and comes up with some pretty startling answers.

This fourth in Bill's myth-busting series about navigating the tricky business of home mortgages explores the high emotions surrounding adjustable rate mortgages, or ARMs, and explains why they are actually a better choice for your bottom line than fixed rate mortgages.

Tuesday, July 13, 2010

More of the BIG Myths of Personal Real Estate Finance

In a recent talk before a local business group, I exposed 10 myths about mortgages.  One of those rises to the level of being a myth about personal finance in general: "It is always better to pay off a mortgage early."  A related misassumption might be "Don't refinance." 

These ideas, while emotionally comforting, are financially questionable. In fact, there are persuasive arguments show they are unsound.

Refinancing rather than paying off a mortgage trigger numerous fears and frustrations: that refinancing means starting over; that you've thrown money away; that you'll never get to the finish line; or that you've handicapped yourself by becoming more indebted to a bank. 

For the purpose of this brief email, I'll offer three examples that illustrate some of the dangers of paying off a mortgage.

1)  I recently tried to help a client who over the years had accumulated more than $400,000 in equity in her home.   She diligently paid her mortgage, including occasional extra payments to principal.  However, when faced with a medical emergency for one of her children, she had no ready cash or other liquid assets.  And because of a drop in her income the prior year, she couldn't qualify to refinance her loan.  Her equity was trapped. She was only able to tap it by selling her home.  If she had taken the money that she paid to her mortgage and used it to build a balanced portfolio of stocks, bonds and other securities, she would have been in a much stronger financial position.  She would have kept her home.”

2)  There is a constant stream of clients who have $20,000 or more in credit card debt at rates at 14% - 28% while their mortgages are in the 5%- 6% range.  They’re convinced they will pay off the credit cards without touching the equity in their homes.  Unfortunately, in my experience that’s rarely the case.  Credit card interest payments sap their cash and because they typically continue to use the cards they never catch up.  Increasing a mortgage doesn’t increase total debt if the money is used to pay off credit card debt.  The immediate gain is the lower interest payment, an advantage magnified since the mortgage interest is tax deductible.  Plus there is a huge emotional benefit beyond saving money: it feels great to get that horrid burden off your back.

3)     I often hear from clients who are reluctant to refinance that they refinanced during the past few years and believe refinancing means they wasted money.  Here's the simple truth: what's done is done.  All that matters in the analysis is this: would you be better off today with a better loan?  If so, then take advantage.

Mortgage rates are at historic lows (see the attached graph).  The consensus among economists, bankers and politicians is that they are unlikely to remain low for long.  So lock in a new rate today, save money – then invest the proceeds to buy gold or stock in Apple.  

For more myths, subscribe to my blog and get regular posts on all things related to the world of real estate finance.

Saturday, May 29, 2010

Mortgage Interest Rates Down - Mortage Refinance Interest Up

 All last week mortgage interest rates were fluctuating lows not seen since the '50's.  Here is an article that summarizes the most recent week: 

In yet another report designed to help determine the state of the U.S. economy, the Mortgage Bankers Association has released their weekly mortgage report. The results are out on home purchase rates, mortgage interest rates, and refinance rates, and the news is not very positive.
While applications from homeowners who are trying to refinance their mortgages escalated for the seventh time in as many months, new loans for purchases of new or existing homes remained deeply slumped, decreasing 3.3% in a third consecutive drop.
Even as interest rates reached their lowest level this year — at 4.8% for a 30-year mortgage, 4.25% for a 15-year mortgage, and 6.8% for an adjustable rate — the expiration of the mortgage tax credit, which provided major incentive to get people to purchase homes, has impacted the purchase rate considerably, bringing the purchase rate to its lowest point since 1997.

Monday, May 17, 2010

Mortgage Interest Rates Plus Low Home Prices Equals Great Affordability

 From comes this article about the current state of the housing market, especially in light of the ending of the Federal housing stimulus homebuyer tax credit.  Basically, now is the time to refinance your home or get a mortgage on a new one.

Post-credit progress report

Nearly two weeks after the homebuyer tax credit expired, what is the state of housing activity across the nation?Surprisingly good, according to Jim Sahnger, mortgage consultant at Palm Beach Financial Network in Stuart, Fla.
"People still recognize that the combination of great rates and lower home prices represent a great opportunity," Sangher says.
Lazerson says activity is "on fire" in his California community, particularly on lower-end properties.
"The sales activity -- at least in my part of the country -- is pretty brisk except on the very high end, except well over a million dollars," he says.
Sipe says Maryland shoppers who failed to find a home in time to qualify for the tax credit nonetheless remain "in the market" for now. But he frets that a combination of widespread foreclosures, rising mortgage rates and stricter lending guidelines could yet derail sales activity.
 Clearly, there is still a lot of unsold inventory nationwide, but in California there are some places, like the West Los Angeles area that are seeing lots of offers on well priced properties.  As interest rates rise, and at some point they will, affordability drops if prices stay the same.  More likely is that both prices and interest rates will rise, resulting in much higher overall costs of ownership.  The time to buy is right now!!

Tuesday, February 23, 2010

Housing Prices Have Best Improvement Within Last Three Years

From After 2009, housing prices are no longer on the decline.   Could be the best time to purchase your first home now!  To read the rest of the article, click here.

NEW YORK ( -- Home prices fell just 2.5% during the last three months of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years.

National prices peaked during the second quarter of 2006, according to the S&P/Case-Shiller Home Price Index, then dropped a total of 32% before bottoming out during the first quarter of 2009.

Tuesday, February 16, 2010

Home Purchase Within Reach for 64 Percent in California

Given the very low mortgage rates and the buyers market in real estate, almost 2/3 of California residents can afford an entry level home.  Here is a short article from CA Real Estate Journal.  It is time to purchase your home and start building equity!  Don"t settle for renting any more!

LOS ANGELES - During the fourth quarter of 2009, 64 percent of California households could afford to buy an entry-level home. This affordability rate is only slightly higher than the 61 percent for the same period in 2008, according to the California Association of Realtors.

The minimum household income needed by first-time buyers to purchase an entry-level home of about $257,940 was $44,100. The average monthly payment including taxes and insurance was $1,470.

Monday, February 8, 2010

Property Investment upbeat for 2010- A Great Time to Invest in Your First Home, or Many Homes in the Los Angeles Area

A very positive outlook for the housing industry.  There is a great demand due to market conditions- a great time to give Bill Rayman a call at 310-295-2900 ext 113 to capitalize on and purchase your first home or several investment properties!  To read the full story to this very informative article, simply click here.

"Managers at property investment companies are optimistic that the upturn in property seen at the end of last year will continue."

"A spokeswoman for the AIC says: “It is encouraging to see property investment companies experiencing a rebound after the lows from 2007 to mid-2009." 

“The unprecedented growth in the past six months clearly cannot be maintained but for investors that take a long-term view, property is an important asset to hold as part of a diversified portfolio.”

Thursday, February 4, 2010

Los Angeles Mortgage Broker, Bill Rayman Explains FHA Financing

Bill Rayman at Mortgage Capital Partners, the largest mortgage lender in Los Angeles discusses the First Time Home Buyers tax rebate that ends April 31.  This is a great opportunity to get into the housing market with 3.5% down, a super low interest rate, and housing prices that will never be seen again.   Here is a video about the FHA mortgage loan opportunity.

Learn more about Bill Rayman and fill out an instant mortgage application at or call Bill (direct) at 310-295-6213.

Tuesday, February 2, 2010

Los Angeles Mortgage - Top 10 Tips on Mortgages Loans for 2010

I found this article.  Thought you might find it useful.

10 tips on mortgages for 2010

   Give me a call if you have further questions.  Remember, I am here to help you.  There is no cost for your first 99 questions.  Seriously, call me about your own mortgage needs or if you have a friend or relative who needs help.   Bill Rayman at 310-295-2900 x 113 or email directly to   To read this full article, simply click here.

The article discusses the following ten mortgage areas and tips:
Lending Standards
Down Payments
Credit Scores
FHA-backed Mortgages
FHA Requirements
Mortgage Rates
Jumbo Mortgages
Fed Rate Hike
Economic Recovery
Future of Fannie and Freddie

By U.S. News & World Report

More than three years into a painful housing crash, the real-estate market has sent recent -- albeit tentative -- signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous.

Along with more-affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates -- which remained near 5% as of late December -- have been a driving force behind this development. The availability of low mortgage rates will play a decisive role in the performance of the 2010 housing market as well.

Wednesday, January 27, 2010

Information on the Extended Home-Buyer Tax Credits for Los Angeles

President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain repeat home buyers. The package, which the government estimates will cost a total of $11 billion, is intended to help spur housing sales, a critical part of the economy.

There are some great questions and answers within this informative article that will definitely clear up any confusion.  To read the entire article click here. 

Any other further questions, make sure you give Bill Rayman a call at 310-295-2900 ext 113 or email to

Monday, January 25, 2010

Great Article Covering the Mortgage Protection Program extension through 2010 for Los Angeles

The Mortgage Protection Program has been extended through December 31, 2010.  The Mortgage Protection Program is to help alleviate some of the anxiety home buyers feel when purchasing a home by providing a layer of security.  The funds are intended to help consumers meet their mortgage payment obligations. It provides up to $1,500 per month for eligible new home buyers, and up to six months for co-buyers who can participate in the program, and receive monthly benefits of $750.  To read the full article, click here.

What Just a few Clients are Saying About Bill Rayman Home Mortgages in Los Angeles

Compelling Testimonials on why Bill Rayman Home Mortgages is the Man to call for all Your Mortgage needs. His Professionalism, Passion, and Personal Commitment is a Standard for all of his clients. To find out what Bill Rayman Home Mortages can do for you, click here.

Saturday, January 2, 2010

Government Backed Loan Modifications Not Working - May Have Made Things Worse

Did Mortgage Relief Program Make Housing Crisis Worse?

Published: Saturday, 2 Jan 2010 | 11:46 AM ET
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By: Peter S. Goodman
The New York Times
The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.
Since President Obama announced the program in February, it has lowered mortgage payments on a trial basis for hundreds of thousands of people but has largely failed to provide permanent relief.
Critics increasingly argue that the program, Making Home Affordable, has raised false hopes among people who simply cannot afford their homes.
As a result, desperate homeowners have sent payments to banks in often-futile efforts to keep their homes, which some see as wasting dollars they could have saved in preparation for moving to cheaper rental residences.