Ricardo Bueno's Blog

A prospective client called me today and said:

Client: "I think it's time for me to buy a home. Prices seem to be dropping in my area and I think it's the ideal time for me to buy. But at the same time I'm not so sure about making such a big commitment."  

Me:  "Well, I have to agree...it is a very big decision. But can you afford it financially? Yes, you can. You have a great positive monthly cash-flow; even after ALL expenses. You have great savings. Up to this point you've worked very hard and you've saved a tremendous amount of money over the years. I think you deserve to pay money towards owning your own home rather than paying money towards the ownership on someone else's property." 

Client: "You're right! I'm going to call that Real Estate agent and ask her to look into some affordable places for me." 

Me: "Wait! Let's not be hasty!!! You have excellent savings but this is a BIG investment so first things first...

    1. Get pre-qualified: it turns you into a Cash-Buyer and ultimately gives you more negotiating ability. You're in a more leveraged position to negotiate a lower price. 

    2. Your Real Estate agent will appreciate that you did your homework and know what you qualify for. This way he/she will not waste time showing you properties that are outside of your price range. 

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Ricardo Bueno

WILSHIRE FINANCIAL, INC.

    Wilshire Financial, Inc. was established in 2003 as a Diversified Mortgage Brokerage. As an affiliate company of Eagle Mortgage, Wilshire Financial, Inc. brings over 24 years of Mortgage Industry experience.

    Who are we at Wilshire Financial, Inc.? We're a small boutique firm whose sole mission is to provide individuals with the information and services that they need to better their cash-flow, secure/preserve their assets, and provide the financial tools to accumulate greater wealth.

    Wilshire Financial, Inc. employs experienced Loan Officers who are actively trained and educated on new products so that they can service clients with the highest degree of quality and customer service. In addition, Wilshire Financial, Inc. employs Randolph R. Ramirez, J.D. as legal in-house council to provide clients with information regarding their Estate Planning needs. To further service clients in this regard, Wilshire Financial, Inc. works in unison with the Law Offices of Elham Y. Shafa (Attorney at Law). To provide clients with the financial tools necessary to create a diversified investment portfolio, investments outside of Real Estate, Wilshire Financial, Inc. has partnered with Associates of New York Life.

    So when you work with Wilshire Financial, Inc., you are making the following dream a reality:

     Imagine living in a world where you can afford the living space of your choice with ease and grace...a world where you can continue to increase your real estate assets without worrying about the future...a world where you're living a lifestyle of choice and retiring with comfort.

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Wilshire Financial, Inc.

203 E. Union Street, Ste. 200

Pasadena, CA 91101

Toll Free: 866.934.3444 

Office: 626.765.0444

Fax: 626.765.0445

E-mail: rbueno@wilshire-financial.com

Website: www.Wilshire-Financial.com