Preparation meets opportunity.
A native of the San Francisco Bay Area, I started my banking and mortgage lending career two months after the 1989 Loma Prieda earthquake. It seemed like one catastrophe came after another back then. The savings and loan crisis was at its
peak in 1990. Savings and Loans were closing left and right, they provided much of the financing for home loans in the country. Later that year the United States invaded Iraq in Dessert Storm, all this while the country was falling into a recession.
A native of the San Francisco Bay Area, I started my banking and mortgage lending career two months after the 1989 Loma Prieda earth-quake. It seemed like one catastro-phe came after another back then. The Savings and loan crisis was at its peak in 1990. Savings and Loans were closing left and right, they provided much of the nancing for home loans in the country. Later that year the United States invaded Iraq in Dessert Storm, all this while the country was falling into a recession.
I was 24 and starting a career at possibly the worst time in mortgage lending history. This turned out to be a good thing. I worked hard developing relationships with clients, referral partners and peers throughout my industry. I created a team that allowed me to accelerate my loan production without sacrificing service. Luckily, I had a manager that made me learn everyone’s job, from underwriters, to title officers to appraisers. I am grateful for the wonderful people who mentored me throughout my career. This allowed me to help over 5,000 families and individuals achieve their vision, their dream of homeownership and rental property investment to help secure their families financial future.
Call us today so we can provide the personalized service you deserve.
In 2022 interest rates rapid rise led to two major bank failures, Silicon Valley Bank and First Republic.
Not all Private Banks are created equal. Getting the lowest mortgage rates for residential or commercial properties from a private bank is complex but Vellavision take’s that complexity and simplifies it for you. Often when a borrower receives a preapproval from a bank or broker, and you get into contract days or months later. What if that bank or broker no longer has the best rate if they even did in the first place. You were likely referred by someone who sends you to a relationship not to a product or price. To provide a client the best rate at the lowest cost with the best service we first evaluate the big four, your income, assets, credit and property. Those four things determine loan approval or denial as well as your rate and cost. The big four:
Income- how someone derives their income, salary, bonus, RSU’s, asset utilization and how long they have received it matters.
Assets- where you received your assets. RSU’s, a loan, equity from another property, a gift, is it from another country, sale of assets all matters. Credit- High score, low score, do you have minor credit events, major credit events, is your score great or could it be better running your score at a different time when your credit balances are lower. Property- Good condition, bad condition, are you putting a large down payment or a low-down payment, are there commercial influences like apartments, fire stations, or stores nearby.
The second thing we do is determine whose guidelines does your loan scenario fit with in. This only comes from experience and constantly staying on top of the ever-changing policies and guidelines on a day-to-day basis of private banks, credit unions and wholesale investors.
Different banks care about each of the big four in a different way and reward or penalize you in rate and cost based on all of those factors. Having a team that can determine what institution is the right fit for your loan determines how smooth your process is and a huge savings in time and money. A 1.000% difference in interest rate can mean a cost difference of $250,000 over the life of a loan or if only keep the loan 3.5 years that translates to $31,000 lost. It adds up very quickly and Vellavision was created to protect you from those types of losses while providing the highest level of service that only a financial concierge service could provide.
We Work With:
What we do:
Just some of the opportunities that Vellavision relationships can provide.
These examples are just a small sampling of what’s possible through Vellavision. We want to be your first thought in financing any major investment. We hope you will appreciate the advantage of having an advocate that can leverage banking relationships cultivated over decades that will save you time, frustration and provide you low cost and interest rates.