THE SITUATION:A self-employed homeowner had accumulated significant debt on credit cards and a home equity line after several slow years in business. Cash flow was tight, and he was living month to …
A Retirement Curveball: We Helped Preserve Their Wealth While Paying for Long-Term Care
SCENARIOA borrower and her husband have lived in their Gold Coast Long Island home for decades. Their mortgage is fully paid off. Unfortunately, her husband was battling early dementia, and his …
They Needed More Space—But Didn’t Want to Lose Their 3% Mortgage
THE SCENARIO:Several years ago, I helped a client purchase their first home. Fast forward to today: their family had grown, and they were ready to “trade up” to a larger house. There was just one …
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A Mother, A Home, A Divorce, and a Critical Deadline
SCENARIO:A recently divorced woman needed to buy out her ex-husband to keep her home — or it would be sold.For over 10 years, she had been raising her children and managing the household. She hadn’t …
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Another Example of ‘Best Rate’ = ‘Lost Home’
THE SCENARIOThis self employed borrower was successful by every measure. Thriving business, beautiful family, loving wife. When his family situation changed, he needed to buy a larger home—and …
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When The Wrong Mortgage Decision Creates Permanent Tax Consequences
Scenario:A buyer was purchasing a $1.9 million condominium in New York City and applying for a $750,000 mortgage. His income and credit were excellent, and he held substantial assets at ‘his bank.’ On …
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