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Newsletter #024-2024

Issue #24 Published July 5, 2024

Pitfalls of Adjustable Rates

“Last year, Jennifer Hernandez was shocked to learn her mortgage payments would increase by $2,000 per month. In 2016, she refinanced her Houston home with an adjustable-rate mortgage (ARM), which initially offers a low rate. Unlike fixed-rate mortgages, ARMs have rates that adjust after an initial period based on market conditions. This can lead to higher payments, as Hernandez discovered.

With mortgage rates soaring to a four-decade high, many ARM holders are now facing significant payment increases. According to Intercontinental Exchange data, 1.7 million homeowners have used ARMs since 2019, and many are now seeing their rates reset. Hernandez’s rate rose from 2% to 5.125% last October, stressing her finances. Despite the benefits ARMs can offer, their risks have become more apparent. Hernandez, a loan officer, misremembered her loan’s terms, leading to an unpleasant surprise. As ARM popularity grows, it’s crucial for borrowers to understand their terms fully.”


Gloria’s Cuisine LA

“Born from a desire to create a contemporary presentation of traditional Latin food and American classics, this restaurant is a fusion of experience and creativity. Our name is a tribute to our chef's mother and grandmother, honoring the culinary heritage they passed down through generations. The menu reflects this rich history, blending time-honored recipes with innovative techniques to offer a unique dining experience.

Our dishes are crafted with the freshest ingredients, showcasing the vibrant flavors and diverse culinary traditions of Latin America, alongside beloved American favorites. From savory empanadas and succulent carne asada to classic burgers and crispy fried chicken, every dish is thoughtfully prepared to delight the senses.

The ambiance of our restaurant is designed to be warm and inviting, with a contemporary aesthetic that pays homage to our roots. Our chef, inspired by the teachings of his mother and grandmother, brings a personal touch to each plate, ensuring that every meal feels like a home-cooked feast.

We invite you to join us and savor the harmonious blend of traditional and modern flavors. Whether you’re looking for a comforting taste of home or an exciting culinary adventure, our restaurant promises a memorable experience that celebrates the best of both worlds.”


5624 Baltimore Street

Los Angeles, CA 90042

Step into this recently renovated gem boasting high ceilings and a spacious 1,349 square footage. With 3 bedrooms and 3 baths, this property offers ample space for comfortable living. Situated near York Boulevard, enjoy the convenience of urban amenities just moments away. Whether you're seeking a peaceful retreat or a vibrant city lifestyle, this home combines modern updates with a prime location to fulfill your every need.

Property Features:

- High Ceilings

- Recently Renovated

- 1,349 Square Footage

- 3 Bedrooms & 3 Baths

- Near York Boulevard!

Don’t miss this amazing opportunities.