Networking Meeting Recap

Jewish Moment – presented by Eddie Pantiliat / Hymson, Goldstein, Pantiliat and Lohr

We are in an interesting period – the time between Pesach and Shavuot:  Lag B’Omer.  Eddie reminds us that we are in the middle of the Counting of the Omer, a period of 30 days when Jews are in Mourning.  Orthodox Jews refrain from cutting their hair or shaving.  So, the question is, What are we sad about, why are we mourning.  Rabbi Akiva and his 24,000 disciples all perished during this period of time.  The sages tell us that they were not kind to each other, and as a result a terrible plague fell upon them, and they all perished.   That’s a lot to consider – during this 7 week process we are supposed to be working on ourselves, to ensure that we are kind, charitable so that we merit the receipt of the Torah on Shavuous.  Why 7 weeks?  7 is significant because of the time it took for Creation.  Jews brought the concept of a week into the world.

Business Moment presented by Heather Rykowski / AIT Promotions

Do you Trust enough?  Heather describes trust as an ethereal concept.  We can’t see it, but we do business with people we know, like and trust.  Trust pays.  We trust another person when we know we are loved.  We trust a process when we continue to do the work before we see the result.  Without that trust, we might never achieve our goals.  Once broken, Trust is difficult to restore.  Trust is maintained through actions, not words… the less you trust, the less you may get hurt, but the more alone you will be in the world.  “Trust is the highest form of human motivation, it brings out the best in people (Stephen Covey).”


Jim Rosenfeld, an original founder of JBN is ailing from terminal cancer.  He was remembered by members of our group for the tagline “A Rose in the field of Insurance.”

Michael House, a former member, sends his regards to the group through Michele.

Quarterly Estimated Taxes are due April 15th.

Tax Credits:  Ira encourages you to discuss your contributions with your accountant.  The JTO tax credits have been extended to May 17th.  The Jewish Free Loan had accidentally lost their accreditation (working poor tax credit) but has won it back.

Endorsement:  Audrey sincerely thanked Lorrie Feld for her assistance in securing a Condo in Phoenix.  Jacob encourages everybody to try to attend one of Cary’s events!

North Scottsdale Connections
Please join us for all or part of our Day/Night Networking/Social Extravaganza

Wednesday, April 21- 12-1:30
Private North Scottsdale Residence near Scottsdale Rd./Cactus Area
Our hosts: Tina Malsom and Kelly Vincent of DNA Candy Nutrition
Cost: $20
Includes a Barbecue Buffet- Pulled pork sandwiches, Kelly’s Honey Barbecued Baked Beans, Barbecue Chicken Caesar Salad, Roasted Mexican Corn and pitchers of Ice Tea/Lemonade.

We have a limit of 50 people and we require you to be on time and to stay until the 1:30 conclusion.
State Law for a Private event will be followed- no mask required.

Attendees and 30 Second Commercials

Bruce Newman, CMIT Solutions
Cary Frumes, Life At McDowell Mountain and BeLocal
Shawn Bader, FACES Orthodontics
Jacob Leiferman, Leiferman Enterprises
Heather Rykowski, AIT Promotions
Audrey Jung, LPC, Jung Psych Services, LLC
Lorrie Feld, AZ Realty Group
Michael Cohen, Barrett Financial
Michele Leon, Marketing Links
Jacquie Breger, Farmer’s Insurance
Eddie Pantiliat, Hymson, Goldstein, Pantiliat and Lohr
Ira Shapiro, Raintree Wealth Partners


Jodii Zimmerman, Zimm Inc. | Business Plans for Trail Blazers

Speaker – Michael Cohen / Barrett Financial Group

Michael Cohen – opened up a discussion about the current mortgage industry.  Michael reports that he has been a mortgage professional for the past 16 years, lives in the southeast valley, has two adult daughters, and has been married to Jill for 26 years this coming July.  Michael tells us that “Empty Nesting” is WONDERFUL for marriage.

Michael shared that the builders are struggling to meet their deadlines due to a lack of materials (supply of wood, etc.).  Michael has been able to work with his pre-qualified customers to help them overcome hurdles to allow them to find homes.  Today FannyMae and FreddyMac have implemented some risk variables to impact investment property loans.  Recently quoted 4.1% on an investment property loan, which may have some impact on sales.

Jumbo loans are any loan over the conventional loan limit.  They appear to be an indication of Bank’s risk tolerance.  Michael reminds us that although right now they may be priced very well, it can change overnight.

Non-qualified Mortgage Market – individuals may need to show bank statements for 2 years to prove that they can assume these loans… more stringent guidelines.

Hard money options are available – currently working with an individual on a $1M bridge loan.

Conventional Loans, FHA and VA – are processing easily.  Michael encourages people to consider FHA as a last resort but reminds us that it is better to pursue that over a non-qualified loan.

Can I finance a Manufactured Home?  Yes.  There even some areas where you can find these homes at a $300,000.00 ticket price.

When is it the right time to refinance?  This is asked frequently.  If your goal is to pay off the home sooner, refinancing can help – even if it is just half a point lower.  You might even save yourself 2 1/2 years if you continue to pay the same amount toward your bill!

Are you seeing deals come through with waived appraisal?  As an industry and as a company this has occurred, both came substantially under the lower tier (under $300k).  One was a For-Sale-By-Owner contract, the other transaction where the seller picked up the bulk of the difference.

What is the lowest loan you will do these days?  Due to fixed costs of every transaction, Michael will consider lower loans on a case-by-case basis.

Many of the lenders Michael works with will recost if the market changes.

Next Meeting: April 20,2021    Speaker: Eddie Pantiliat / Hymson, Goldstein, Pantiliat and Lohr