Jordan Epstein - Logan Finance - Account Executive and Jumbo Specialist

12/26/2024

09/05/2024

Here's our ACRA - DSCR Program Updates

-NO RESERVE on 1-4 Family DSCR products w/ 625 score or above
-Fico as low as 575
-Up to $10m
-Up to 29 units
-STR/Condotel/Student Housing all considered as income.
-ITIN + FN for any product (includes fix-n-flip & up to 29 units etc.)
-Rural up to 25 acres
-Manufactured homes OK
-Lend in 32 states + DC whether you have a license there or not

[email protected] or 310.745.7755

03/16/2024

First bed planted. Dalias next to the raspberry. Cleaned up a few more beds.

We will intersperse snapdragon, poppy, coppertip, aster.. maybe some other flowers. Still researching.

03/16/2024

There are articles that say that the new ruling on Realtor commission will cause home prices to drop.

That would honestly be one of the stupidest things ever. I can’t see it happening.

1. That’s not how supply and demand works.

2. It would mean that the seller still gets the same amount, if not less money. And they may be dealing with clients that are not preapproved before trying to bid.

I can’t see anything positive coming from this and don’t even know who benefits besides the lawyers, who took the case.

02/26/2024

First smoke

07/26/2023

If you’re a prospective homebuyer, you’re likely in a tough spot. While you may be tempted to wait for interest rates to drop, if you wait too long, you could be dealing with a surge in home prices.

If you're a prospective homebuyer, you're likely in a tough spot. While you may be tempted to wait for interest rates to drop, if you wait too long, you could be dealing with a surge in home prices....

06/09/2023

Inspired by Compass CEO visiting Marlton NJ to talk about the direction of Compass, OriginPoint Mortgage and SQS Title.

More great things to come. I’m happy and lucky to be with OriginPoint. Especially in this market.

06/06/2023

http://OriginPoint.com/JordanEpstein

06/06/2023

Not only that - if the home appraises over the value of purchase price, you can actually finance closing costs as well.

This means you can potentially buy your home with no money out of pocket.

Contact me to learn more.



http://OriginPoint.com/JordanEpstein

05/16/2023

Why does it make sense to do a cash-out refinance in this market? 3 words : 𝐏𝐚𝐲. 𝐎𝐟𝐟. 𝐃𝐞𝐛𝐭.

In this market, the most common use of cash-out refinance is to pay off a higher rate debt. If you have significant high-interest debt, paying it off immediately makes sense.

But many people, especially those that got a low interest rate during the pandemic - are understandably worried about what happens to their new payment when they refinance. Let’s take a look at the numbers.

Say you owe 240k on your mortgage at 4% and would like to take out an additional $40k to completely pay off $35k in credit cards as well as roll in your closing costs. In order to get out from under your credit card debt, you could get a 6.25% interest rate on a cash-out refinance. This would increase monthly mortgage payment by $578.

But what about just paying that $578 towards your credit card? If you have large credit card debt, you know why this isn’t an option. Even paying $680 a month you will literally 𝐧𝐞𝐯𝐞𝐫 pay off your credit card. Not only would refinancing make your overall payment go down, but your unsurmountable credit card debt is now gone.

There's also a strong chance your equity percentage has gone up, and if you began your loan at a higher amount then you could see your payment go down significantly, and if the house has appreciated in value, you may drop your MI. In layman's terms, you may save a lot of money per month.

For those behind on payments with the IRS, they know it’s even worse, with interest compounding DAILY.

So for anyone with significant debts – credit cards or unpaid taxes, I would recommend looking into your options with a trusted professional. You could find yourself saving money monthly while getting rid of the debts you carry that are not part of an appreciating investment / asset strategy.

Feel free to contact me if you’d like to run the numbers for your specific situation.

05/10/2023

Is that even possible? YES!

There are several ways to achieve this as well - as downpayment may be covered by a state or county program or you may find a home in an area covered by USDA - which requires no downpayment.

But closing costs cannot be financed. So the key component is “seller’s assistance.” You’ll find this most in homes that have been on the market for over a month.

But if you qualify based on your income, you can work with your loan officer to secure downpayment assistance and your realtor to target those homes that have been sitting on the market, and you could buy your first home with little or no money out of pocket.

Feel free to contact me to learn more.

05/09/2023

When I hear people say that renting is paying 100% interest, I think the clearer point is made by taking a look at what buying a home does to your overall wealth.

Waiting a year or two to buy is just putting all that money in a landlord’s pocket that could be going into the “bank of your home” as I like to call it.

Work with people you trust, get good advice and build wealth for you and your family - the clearest path is through home-ownership.