Home Buying Advice From Top Financial Advisor Laila Pence
Scott Griffin Financial, Inc
Scott Griffin Financial, Inc Los Angeles, CA
Published on February 2, 2021

Home Buying Advice From Top Financial Advisor Laila Pence

I had the privilege of speaking with Laila Pence of Pence Wealth Management.

Verify your mortgage eligibility (Apr 14th, 2021)

 

I’m coming to you today from the Waldorf Astoria in Beverly Hills to meet with special guest Laila Pence of Pence Wealth Management. Laila has been recognized by Forbes twice this year as being both the top financial advisor here in Southern California and the No. 6 female advisor in the entire country.

We talked about some alternatives to how we might be able to finance a home purchase while retaining another property and building out portfolios. We also tackled the all-important question of “Do I buy first or sell first?” Laila taught me about something special called a securities line of credit.

Verify your mortgage eligibility (Apr 14th, 2021)

Most people have a dilemma of wanting to sell but not before they buy a new home. Meanwhile, sellers don’t want to wait for you to sell your house to actually buy the new one.

The solution is a securities-backed line of credit. It’s backed by your stocks, bonds, mutual funds, and investment accounts. These are amazing accounts because these loans have no cost. We use these loans as a bridge to something, as a down payment. It’s very quick and efficient.

“It can be used for pretty much anything but
stocks and bonds.”

For example, a family can use this solution to help their children buy a new home while also keeping you comfortable with your portfolio at the same time.

Verify your mortgage eligibility (Apr 14th, 2021)

The only restriction is that you can’t use it to buy additional stocks or securities. It can be used for pretty much anything but stock and bonds.

Thanks so much to Laila for joining me. If you want to learn more about what she does and how she might be able to help you, visit her online.

If you have any additional real estate-related questions for me about anything, don’t hesitate to reach out via phone or email today. I look forward to hearing from you.

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Scott Griffin Financial, Inc
Scott Griffin Financial, Inc Los Angeles, CA
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