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David Reyes, Founder & CEO

Advisor to Advisors

As CEO, David leads the operations of Reyes Capital Group and brings together leading CPA firms, attorneys, and financial advisors to design and implement mortgage reduction, strategic tax and wealth plans for individuals and businesses.

Author, Speaker, and Host

David is featured in scores of magazines, the most recent being Boomer Market Advisor, where he is referred to as the "advisor to advisors." David is co-author of Living and Learning, a guide to retirement planning, and Love, Money, Control: Reinventing Estate Planning. He is also a former co-host of  Money Talk Radio, and a speaker who has addressed the California State Department of Education, the National Network of Estate Planning Attorneys, and the National Association of Philanthropic Planners, among others.  David giving a presentation.

Education

David’s education has a strong emphasis in estate and tax planning, and he holds multiple licenses and registrations in the financial, real estate, and insurance fields. David was selected by the Esperti Peterson Institute to participate in their elite Masters Program at Michigan State University. This post doctorate, three-year “think tank” study program focused exclusively on collaborative wealth strategies for high-net-worth individuals and families.

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First Mortgage: In real estate, a property can have multiple loans or liens against it. The loan which is registered with a county or city registry first is called the first mortgage or first position trust deed. This "first mortgage" is the main loan that all homeowners have when they initially purchase their homes.

In certain situations, a property can have a second, or even third or fourth mortgage, but those are relatively rare. First mortgages have rights and priveleges that second mortgages do not have, which means that any mortgage reduction program that requires a second mortgage offers less legal protection to the homeowner than a first mortgage-based program.

Home Equity Line of Credit: A Home Equity Line of Credit (often called HELOC, pronounced HEE-lock) is a loan in which the lender agrees to lend a maximum amount within an agreed period where the collateral is the borrower's equity in his/her house.

A HELOC differs from a conventional home equity loan in that the borrower is not advanced the entire sum up front. Instead, the borrower uses the line of credit to borrow sums up to the available credit line, similar to a credit card, but at much lower interest rates. Your HELOC funds can be borrowed anytime and for any reason and you pay back only what you use plus interest.

Principle-First Mortgage: A principle-first mortgage is a mortgage that automatically uses every dollar you deposit into your account to pay down your mortgage principal before you pay the bank's interest. This means that every dollar you deposit into your account immediately reduces your mortgage principal and significantly reduces the total interest and time it takes to pay off your mortgage.

This is in contrast to "interest-first" or "front-loaded" mortgages, which force you to pay the bank's interest first and only a small fraction of your payment is applied to your principal during the most crucial early years of your mortgage.