Critical Mistakes for the Investor to Avoid: The Loan

Real Estate Agent with Excellence in Real Estate Tm @ Allison James Estates & Homes

Critical Mistakes for the Investor to Avoid: The Loan
by John Occhi REALTOR
Realtor Consultant to Foreclosure Investors

View More Articles on Investor Mistakes That Can Really Bit by Clicking Here

Many real estate investment mistakes can be avoided all together if the investor simply compares apples to apples when considering different loans.

I know, it sounds obvious, but sometimes I think loan packages are as confusing as buying a mattress. You know, you have seen the news expose on the mattress industry where a manufacturer will produce the exact same mattress and sell it under a different model name to each of its retail distributors so the retail guys can advertise the lowest price on that model...because it only exists in that one store.

And that's the way loans can be spun. The same item can be called so many different things and the pricing can either be in basis points, a percentage or even a flat dollar amount - almost impossible for all but the sharpest of experienced investors to sit down and truly compare loan opportunities.

Now, I am a REALTORĀ®, I don't pretend to be an expert on mortgages - those guys make enough money putting together loans that they don't need my input any more than I want your lender driving around with us throughout Riverside County or any where else in California, looking at investment real estate. They do their thing and I do mine. Together we form your team - so it is important that you work with a lender that can give it to you straight and if there are variances in any of the products he suggests to you, make him break it down so you are comparing apples to apples and leave the oranges in the trees.

Hoping to make your California Real Estate Investment...
A Pleasant and Profitable Experience,

John Occhi, Hemet CA REALTOR

Posted by

Until Next Time, Have a Blessed Day,

John Occhi, ePRO & Five Star Certified REO REALTOR®
Hemet - San Jacinto Valley, CA
The Excellence in Real Estate Team @
Allison James Estates & Homes
2281 W. Esplande Ave, #102-B
Next to "Starbucks"
San Jacinto CA 92582
(951) 654-5550

Excellence in Real Estate,Team Log,John Occhi,,hemet,san jacinto,CA

Allison James Estates and Homes Logo     


This blog and the contents written here is the intellectual property of John Occhi, San Jacinto Valley REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance.

This blog is part of the ActiveRain Real Estate Network, which is a social network highlighting the best of Web 2.0.  Information is provided with the intent of educating and assisting home owners, home sellers, home buyers and real estate investors with information the can be used to make better real estate decisions.

I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

Comments (3)

Laura Jecker
Prudential New Jersey Properties - Vernon, NJ

Hi John,

I see many clients get taken in by the rate instead the entire package. It is this fixation with the lowest rate that really screws them up after the closing. It is up the realtor to make sure they explain there are many types of loans and not all loans are the same and not all low rates are the best deal. I always tell my clients to shop around and ask the mortgage reps the same questions so they can compare apples to apples. The more educated our consumer the better the client.

Sep 01, 2007 01:05 PM
John Occhi
Excellence in Real Estate Tm @ Allison James Estates & Homes - San Jacinto, CA
ePRO, Five Star Certified, Riverside Cnty REO Expert, 951.443.6259
 Laura Jecker - I agree we need to have our clients educate themselves - however I do not think I could sleep at night if I had to take on the mental responsibility for knowing they got the best loan for them.  Personally, I try to not get into their financial situation any more than I have to.  I have a pair of lender I trust and that is their job...just like I don't want them suggesting another house once one has been selected.
Sep 01, 2007 01:16 PM
David Robinson
Lloyd Cullen Real Estate - Murrieta, CA
Call Now (877) 828-0710

I agree with Jecker, but somtimes you have to get into your clients head in order to really be in their situation. It is the lenders job, but do you think we sometimes need to be more in the know so situations don't arise later as a surprise.

Oct 22, 2010 06:02 AM