SOUTH BAY DIGS | Digital Edition Online

July 29, 2022

DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.

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Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Some restrictions may apply. Based on the purchase/refinance of a primary residence. Credit and collateral subject to approval. Loan to value, debt to income and cash-out restrictions may apply. Programs, rates, terms and conditions subject to change without notice. Please remember that we don't have all your information, so this does not constitute a commitment to lend. Therefore, the rate and payment results may not reflect your actual situation. To get more accurate and personalized results, please call (800) 357-4077 to talk to one of our mortgage bankers. Watermark Home Loans 100 Spectrum Center Dr Ste 150, Irvine, CA 92618-4964 DRE License Number 01523306 NMLS ID: 1838 Regan Hagestad: NMLS 57351 Matthew Disalvo NMLS 1416809 RECENT LOAN SUCCESS STORY: CHALLENGE: We recently received a call from one of our Wealth Advisory Partners who was working on a financial plan for one of their clients. As part of the planning process their clients told them that they would like to do a remodel on their home, however since they were retired their bank told them they would not be able to access their equity to complete the remodel. The clients had a significant amount of equity in their home but because of their income they were told that they could not access it. Rather than sell stocks out of their portfolio he wanted to find out if there were any other options. SOLUTION: After completing a conference call to determine our clients ultimate goals and getting additional details on our clients asset accounts as well as how they receive their monthly income we created a plan. Beyond the traditional Social Security and Pension income we found out that our clients received income from their trust as well as a monthly IRA distribution that their bank had overlooked. After doing a thorough review we were able to utilize a program specifically designed for clients who are retired and we were able to access $500,000 of their homes equity in order for them to complete their remodel. As a mortgage planning practice we are able to view things differently and have products designed to create solutions not obstacles. 310.607.0131

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