“A Stock Market Loss is Only a Loss if You Sell”

A Stock Market Loss is Only a Loss if You Sell or so Financial Planners tell us!

For those in their 30’s, 40’s or 50’s, those age groups, should have time for the stock market to recover. However, for those much closer to retirement or retired, they may not be as fortunate!

As companies take huge losses with “Shelter in Place” and consumers are pulling back their purchases, analysts feel MORE stock losses are imminent.  The Federal Government stimulus will help in the short term, but longer-term, we are facing a new economic reality and one that we will not like.

If you’re in your 60’s, 70’s or 80’s, making back the market’s losses may only be a hope, and unfortunately not reality. The question to ask is…What are my options now that my fixed costs are the same, but my assets have taken a big hit?

We may have an answer for you. To learn more, please contact me or review the information on my site at https://101loan.com/reverse-mortgage-start/ .

Thank you.

Best Regards,

Rob McCarthy

Senior Mortgage Advisor


408-377-4123 o 650-465-8957 c

101 Loan – 6020 Hellyer Ave #150, San Jose, CA 95138

CA DRE #01165697 NMLS #121019

“Over 200 “5 Star Reviews on Yelp and Over 30 years of Experience in Lending”

How Credit Really Works…

Has This Ever Happened to You?

You’re buying a car at a dealership.  They tell you that your Fico score is 800+ and you will get the lowest rate possible.  You order your credit report on Credit Karma and your Fico Score is 820.  Then its time to apply for a home loan and after running the credit the lender tells you, your Fico score is 720.   Why is it lower?

Do you Know Why?

Not all credit reports are created equal!  There are over 70 different credit reports that have different underwriting criteria.  This helps banks, creditors and in some cases employer make credit decisions about someone.  Better yet, they help the creditor determine someone’s financial means and their ability to pay debt on a monthly basis and/or pay debt off over time.

You Fico Scores Tell Creditors about You…

  • Do you pay your bills on time?
  • Can you afford the loan you are trying to get?
  • Do you miss payments?
  • Will you make your payments on time, every 1st of the month?
  • Can I trust you?
  • Hold a credit card balance?
  • Have established credit or not enough?
  • Any credit or mechanics liens?
  • Do you have tax liens?
  • Can you afford a credit card with a $50,000 credit limit? A 100k limit? $1m limit?
  • Will you pay me back?
  • Should I charge you a higher rate for having a lower credit score?
  • Do you qualify for the loan program?

These are just some of the questions, credit scores answer for lenders trying to make a decision to loan to you or not.

Why are They different?  

Is it being used to obtain a credit card with a credit limit of $5000 or a home loan in the amount of $2 million?  The risk associated with having a larger loan is greater.  The underwriting and qualifications are stricter and more conservative and one’s Fico scores tend to be lower.  This is the reason for the disparity of  FICO scores, from one credit report to another report.

In Summary…

If you are finding your scores are low and your looking for ways to improve them, we are experts in not only lending, but experts in credit!  We have helped 100’s of clients that got turned down by banks with poor credit and have helped them clean up their credit and obtain financing to buy or refinance property.  In addition, if you want the help of a credit professional, Money Magazine wrote a great article on credit repair and what a consumer can do.  For more info, please go to https://money.com/best-credit-repair-companies/

For more info on the above, please contact us.  Were not only specialists with credit but specialist with Residential, Commercial and Reverse Mortgage Financing.

Best Regards,

Rob McCarthy

Senior Mortgage Advisor


408-377-4123 o  650-465-8957 c   408-608-1921 f

101 Loan – 6020 Hellyer Ave #150, San Jose, CA 95138

CA DRE #01165697  NMLS #121019


  1. Residential Financing for Purchases and Refinances on 1 to 4 unit properties.
  2. Reverse Mortgage Financing to include Conforming, Jumbo, HELOC Jumbo’s.
  3. Commercial & SBA Financing to include Multifamily, Office, Retail and Light Industrial.
  4. Access to over 50 banks with over 200 “Five Star” Reviews on Yelp, Google, Facebook and Linkedin.