Scott Jower

I'm a:	Real Estate Professional
Location:	San Mateo

8 Answers
3 First Answers
5 Useful Answers

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About Me

A Certified Mortgage Planning Specialist http://(www.cmpsinstitute.org) and Certified Mentor/Trainer with Brian Buffini

The focus of my business:
* To help my clients achieve financial freedom, build wealth and experience their life dreams by implementing intelligent mortgage, cash flow and home equity strategies,
* To be a strategic resource to homeowners, first-time home buyers, move-up home buyers, senior citizens, real estate investors, Realtors, builders, attorneys, CPAs and financial advisor.

With indepth financial knowledge and expertise regarding the tax and financial planning implications of various mortgage and real estate investment strategies, I am able to advise my clients when it comes to:
Their single largest debt - mortgage
Their single largest asset - real estate equity
Life Planning needs and goals - cash flow

To contact me in person: (650) 577-5996 or sjower@gmwest.com

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Scott Jower's Answers (8)

Buying Up and Keeping Your Tax Base

Asked Tue Aug 7 2007, 11:20 by Pam Winterba… - California - Home Buying - 4 answers

Scott Jower answered:

I believe what is C.A.R. is working on is increasing the reciprocating counties (prop 90) throughout California. - Tue Aug 7 2007, 11:25

What is the tax rate on buyouts?

Asked Tue Jul 31 2007, 14:59 by Sophie Rosen… - All locations - Home Selling - 2 answers

Scott Jower answered:

Capital gains would only apply if you owned the property. The IRS would consider the buyout as income, but consult your accountant there may be something in the IRS code that may exclude the buyout from income. - Tue Jul 31 2007, 15:33

Want to be my buyer's agent?

Asked Tue Jul 31 2007, 10:45 by Trulia Roger - 94501 - Home Buying - 19 answers

Scott Jower answered:

I'd suggest contacting a title company and request a prelminary title report. This report will not only tell you the owner but also will indicate if there are outstanding tax liens, emcumbrances, and outstanding loan balance on the property. If you're interested I can request a report at no cost to you and you and take this to the agent you decide to use. You can contact me at (650)577-5886 if you have specific questions. - Tue Jul 31 2007, 13:41

What are some good resources for mortgage information?

Asked Tue Jul 31 2007, 10:23 by Nicole - All locations - Financing - 7 answers

Scott Jower answered:

This site is a good resource to find a loan officer - Tue Jul 31 2007, 13:03

If I have a "great" credit score and need a $1MM, 30yr fixed loan (with > 20% down) - who should I go to?

Asked Sun Jul 29 2007, 17:54 by SF_Buyer - San Francisco - Financing - 19 answers

Scott Jower answered:

I would focus my search on individuals you know, trust, and respect and ask for a referral. Chances are you will end up with a top producer. Real Estate agents are told by their broker not to steer clients to certain 3rd party vendor/provider but to provide clients with 3 names to choose from; out to the 3 names provided only one is the true favorite of the referring source. When your reputation and creditability is on the line with a close friend or family member, are you going to give names to choose from or give the name of the person you know who will take good care of this individual and can perform? Start your search with someone your trust and respect.

Direct Lender (e.g., BofA, WAMU, Wells) versus Mortgage Brokers
If your financial situation is “Vanilla” that is,
- 2years history of employment,
- 2 years history of paying rent,
- Seasoned down payment and 4-6 months reserves in addition to down payment,
- Debt-to-income ratio - Sun Jul 29 2007, 22:14

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