The Gold Standard of Home Loans

Golden Coast Loans

5 days ago

🏠💵DOWN PAYMENT ASSISTANCE💵🏠

As Spring approaches and as is typical for this time of year, we are seeing more homes becoming available for purchase and the conditions demonstrate the emergence of a buyer’s market.
Not only do these factors give buyers more leverage in this environment but it also provides fully prequalified buyers the opportunity to not only be more competitive when placing an offer but also allows them the ability to explore down payment assistance options as part of their mortgage financing. With the proper preparation in place, sellers will be more likely to accept such well qualified offers making homeownership within reach for many Americans.
There are countless down payment assistance program options available for all types of buyers, some of which cover up to 100% of the purchase price as well as a portion of the closing costs. Determining which program is the right fit for each borrower’s needs is essential as finding the right financing solution while using the assistance to supplement and complete the buyer’s loan package creates new paths to purchase and new homeowners.
Every borrower’s personal requirements needed from their loan differ. Call us today to discuss your down payment assistance options and the most appropriate loan to meet your financial needs and wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance ... See MoreSee Less

Golden Coast Loans

2 weeks ago

🏦💥THE POWER of INTEREST ONLY💥🏦

Given current market conditions, many investors are starting to once again offer “interest only” mortgage loan programs. So what is an interest only loan and could this be a good option for you?

An interest only mortgage is designed such that you are only required to make monthly payments on the interest portion of the mortgage payment for a designated period of time as opposed to both interest and principal mortgage payments. This structure allows you to have the flexibility to either make your full monthly payment which includes your standard principal and interest or to have a lower monthly payment by only paying the interest portion of the loan. Typically the interest only period lasts 10 years, meaning after the 10 years have passed the remainder of the term (typically 20 or 30 years remain based on an initial 30 or 40 year term) is paid based on the standard principal and interest mortgage payment.
This lower payment option could be a benefit during the holidays when expenses are higher than normal or for self-employed borrowers as it gives you the option to pay less if business is slow during parts of the year while also still being able to pay your standard 20-30 year fixed payment during the remainder of the year. These loans offer increased buying power and leveraging of assets for additional investments, wants, and/ or needs while also hedging the fluctuating economic conditions.
Every borrower’s personal requirements needed from their loan differ. Call us today to discuss the most appropriate loan to meet your financial needs and wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths ... See MoreSee Less

Golden Coast Loans

4 weeks ago

🏠💥POWER of THE PRE-APPROVAL💥🏠

There is a common misconception that all “pre-qualifications” and/or “pre-approvals” are one in the same and hold equal weight through the home buying process. Many lenders will issue a pre-qual or pre-approval letter based solely off a verbal conversation putting their client/buyer in jeopardy through their home buying process which often ends in frustration and heartache when the buyer did not actually qualify for the property they entered into agreement upon. This is where #WhoYouWorkWithMatters THE MOST.

Buyers will have more power, information leading to a sense of ease and understanding when they work with a knowledgeable lender that will walk them through the entire purchase process. Golden Coast Loans has a combined over 50 years of real estate and lending experience and expertise. We have former underwriters the will pre-underwrite your loan application and present your submission in the most beneficial way to the most appropriate investor for your personal scenario. Due to our expertise, we have been instrumental when many of our clients have gotten their offer accepted lower than competing offers after we speak with the selling agent as to the strength of our client’s offer and our ability to execute, communicate, and close according to schedule.

While Spring & Summer are typically seen as the hottest times for real estate, those who start their home search early and with a strong pre-underwritten approval often get ahead of the competition and lock in properties before bidding wars heat up.

Call us today to discuss your homeownership and wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #PowerOfPreapproval #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths ... See MoreSee Less

Golden Coast Loans

1 month ago

🏠💰HOMEOWNERSHIP & NET WORTH💰🏠

Did you know that the average homeowner’s net worth is 42 times that of a renter? Homeownership builds significant long term wealth and is a strategic move towards securing your financial future.

When weighing your housing options, simply comparing the monthly payments of renting versus owning does not adequately assess the added benefits of homeownership including tax benefits, appreciation, and the ability to leverage equity which can be used to manage high interest debt or fund life’s needs and wants with the peace of mind that comes with a fixed monthly mortgage payment.

Owning real estate affords you the opportunity to make money while you sleep. Call us today to discuss your wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #FedRateCuts #MarketKnowledge #MedicalDebtAndCredit #CashOutRefinance ... See MoreSee Less

Golden Coast Loans

2 months ago

🏠💰SHAVE YEARS OFF YOUR LOANS💰🏠

Many consumers have amassed a large amount of debt, while also paying much higher rates of interest as a result of the Fed’s aggressive rate hikes over recent years. According to a new report from the Philadelphia Fed, a growing number of consumers are only making the minimum payments on their current debt, which provides no path to actually paying off the debt. At the same time, most homeowners have record levels of equity in their homes.

Many homeowners are benefiting from a type of refinance where we leverage the equity in the home to pay off those high interest debts, saving money on the overall monthly payments. Additionally, there are ways to gain equity at an accelerated pace and significantly shorten the length of your mortgage, by applying those savings as an additional payment each month.

Real estate allows you to make money while you sleep. Call us today to discuss your wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #FedRateCuts #MarketKnowledge #MedicalDebtAndCredit #CashOutRefinance ... See MoreSee Less