1. opesadvisors.com
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�����������������| Personal Finance Advisor
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A Focus on Your Concerns
Regardless of where you go to get your loan there are always the concerns of
ge�ng a great rate and an appropriate loan program, having a streamlined loan
process and working with a responsive and diligent Mortgage Advisor. We do
these, and we do them well! But there is much more to buying a house.
Let’s take a look at the concerns that all par�es in the loan process need to
handle. A lender that simply tells you how much loan you qualify for only takes
care of the concerns on the le�. At Opes Advisors, we take care of all concerns,
those of a lender and, most importantly, those of our client.
What our Clients Care About:
• What home can we really afford to buy?
We don’t want to be ‘house-poor’ and
we don’t want to buy too li�le and have
to move in a few years.
• I rent now and I’m s�ll not even sure
it makes sense to buy?
• How do my current expenses play into
this affordability ques�on and how will
my expenses change over the years?
• Will we s�ll be able to save money
for re�rement despite our home
mortgage, property tax, and other home
expenses? How much is enough?
• Can one of us quit working to raise our
young children? How does that
affect the long range projec�on of
our asset growth?
What Lenders Consider:
It all comes down to this: What’s the
borrower’s ability to repay a loan?borrower’s ability to repay a loan?borrower’s ability to repay a loan?
So, they look at:
• Credit Score
• Income
• Debt
• Equity Risk – how much is
the down payment vs.
the purchase price?
• Assets – how much
in reserves?
• How much of a down payment should I make vs. loan
I should take?
• How does private school come into the picture? Does it make
more sense to pay a premium to buy a house in a be�er
public school district?
• Can we hold on to our current house as a rental property
when we buy our new home? And even
if we can, is this a good strategy?
• How much risk do I need to take with
my investments so I’ll have enough in
re�rement? How much risk is too much,
given my needs?
• How much of a remodel on our exis�ng
home can we really afford to make?
How do I judge if it makes sense as an
investment vs. simply a lifestyle decision?
650.222.0386
Phil Caulfield
Branch Manager | Mortgage Advisor
NMLS 386911
pcaulfield@opesadvisors.com