Current State of Affairs

Bryan Devore


March 19, 2020

In this unprecedented time we currently face, not only are small & medium business owners seeing their revenues dwindle or disappear over-nite, but many average American workers are facing potential lay-offs.  

If your business has suffered greatly in the past week, or if you are employed and concerned about a potential layoff, here are some options available to you:

  • To start, President Trump did announce several possible measures today, surrounding a "trillion $" stimulas package which may make cash and programs available to small business owners and citizens hurt financially.  Of course, this is a very fluid environment and communications are changing hourly, but expect to hear more in the days to come.
  • Business Lines of Credit - Several local lenders have business lines of credit, which require very little documentation needed - even stated income with no documents - just good credit, are possible.
  • Check with your commercial lender to see if they have programs in place to assist those currently being negatively affected by the crisis, such as payment deferral programs.  
  • If you own your home, and have a reasonable amount of Equity, there may be several options available to tap into those cash reserves:
  • Home Equity Line Of Credit (HELOC) -  With the Federal reserve lowering their funding rate this past week, HELOC's are now seeing interest rates below Prime.  These equity loans require much less paperwork than a traditional refinance, and you only pay interest on the cash you use.  I have an excellent HELOC contact if anyone needs a reference.
  • Traditional Refinance, with Cash Out - If you have more than 20% equity in your home, you can tap into this equity by doing a Cash out - Refinance.  You should either contact your current lender, or give me a call if you need a lender contact.
  • A Reverse Mortgage could be a solution if you are over the age of 62 and have a reasonable amount of equity in your home.  One significant benefit of a reverse mortgage is that you do not have to make payments for amounts you have borrowed.  The rules on this are different than a traditional refinance, so give me a call if you need further information and/or if you need a reference contact.
  • The local Chamber of Commerce within your city may also have "disaster relief" type solutions available for the small business owner.  Remember to reach out to them for options available.

If I can be of resource to any of you, now or in the days to come, do not hesitate to reach out to me.

My most safe & best wishes to your and your family.

Hello, I'm
Bryan Devore
Connect With Me
Bryan Devore

The Revolutionary Way

To Buy Or Sell A Home!

YOU should decide how to sell it!

Learn MoreLearn More

Bryan Devore

Realtor & Director of Senior Services

(951) 833-4162

864 Grand Ave. #315

San Diego, CA 92109

DRE 01397835

Contact Us To Unlock Full Website

Bryan Devore

Realtor & Director of Senior Services

(760) 908-3838

5973 Avenida Encinas #110

Carlsbad, CA 92008

DRE 01397835

The Revolutionary Way To Buy Or Sell

Let's Work Together

Complete the form below and we will reach out right away to connect about all of your Real Estate needs!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.


Your information has been received.

We will be in touch with you shortly. We appreciate your patience and look forward to connecting with you!

x out
This Website Is Not Authorized
Login or contact us to unlock your website at
Login To Unlock