Categories: Business Owner Highlights

John Soricelli of CFAM Inc.

When you think mortgage, ThinkJohnAJr.com! Our featured affiliate of the day offers advice on new mortgage programs for the self-employed including the 40 year mortgage loan and asset depletion mortgage. Read on to find out more!

Since the disappearance of “Stated Income” and “No Income” documentation loans, taking advantage of today’s low interest rate mortgages has been difficult for self-employed borrowers. There are however two loan programs we have available which may help.

Asset Depletion Mortgage;

Liquefiable assets accounts are assessed a “monthly income value” which is then added to the borrowers total income profile. For every $500,000 about $2,500 in income is added. For those homeowners who previously did not document enough income to qualify, the added “income credit” this loan offers may just push them over the edge.

40-Year Mortgage Loan;

Traditional mortgage loans are underwritten using a 30-Year Mortgage term. A $600,000 mortgage with an interest rate of 3.875% would yield a payment of $2,822. This same mortgage would yield a payment $360.00 less with a 40-Year Mortgage term.

By taking advantage of either (or both) of these loan programs, it is pretty easy to see how very quickly a homeowner who was previously denied could now capitalize on today’s Fixed, Adjustable and Interest Only loan programs.

Every client and every situation is unique. Our consultative approach to mortgage finance allows us to tailor a customized mortgage solution, when others have said no.

Authored by John A Soricelli Jr – When You Think Mortgage;ThinkJohnAJr.com – 949-478-FUND.

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration.

Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law.

Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others.

Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.