The Gold Standard of Home Loans

Golden Coast Loans

6 days ago

There are fears that an impending recession may cause home values to drop. Although counterintuitive, this graph shows how well home values have performed through the vast majority of recessions.

We are here to guide you along the way and have many financing and assistance programs to achieve homeownership. Call us today to discuss your 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 #SpringBuyingSeason #FixCreditErrors
#recession #homeprices ... See MoreSee Less

Golden Coast Loans

3 weeks ago

🏠💰THE POWER OF PATIENCE💰🏠

There is no magic involved when it comes to building wealth, but there is a powerful tool that many people are unaware of - your mortgage, which helps build wealth one mortgage payment at a time.

Homeownership isn’t just about having a place to live and gather, it is also one of the most reliable ways to grow your wealth over time. With every mortgage payment you make, you’re not just covering your housing costs. You are at the same time investing in yourself and all it takes is a little patience.

Let’s breakdown how this works:

Each month, part of your payment goes toward interest, while another part goes directly toward your loan principal balance. That means you’re slowly increasing your ownership stake in your home every time you make a payment which is also paying down your principal. This is how you build equity and the longer you own your home and the more mortgage payments you make, the more equity you build.

On top of reducing principal with your payments, homes tend to appreciate in value over time. While real estate can have ups and downs as with any market, historically home values rise, especially when you hold onto your property for the long run. When you combine the appreciation with your growing equity you’ve created a personal powerful machine right under your roof that is building wealth even while you sleep.

Unlike rent payments which go directly to someone else’s pocket and build wealth for the landlord, every mortgage payment is helping you move closer to full ownership. While there is no magic button, this is the quiet magic of consistency of using your mortgage as a tool for you.

You don’t need to flip houses or time the market perfectly. You just need to stay the course, make your payments, and watch what happens over time.

So if you’re feeling overwhelmed by rising rates or unsure whether it’s worth it or even the right time to buy home, it is important to remember that wealth doesn’t come from winning the lottery. It comes from showing up, paying down, and staying patient.

We are here to guide you along the way and have many financing and assistance programs to achieve homeownership. Call us today to discuss your options and 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 #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance #SpringBuyingSeason #FixCreditErrors ... See MoreSee Less

Golden Coast Loans

4 weeks ago

💵💳CREDIT TIP: CREDIT CARDS💳💵

Your credit score will help determine your rate when you buy a home, so it’s crucial to check your reports on a regular basis for any errors that could impact your score and ultimately your financing. There are some common mistakes that you should look for to protect your credit from potentially costly errors on your report.

1) Verify that all your personal information is correct, including your name, date of birth, social security number, and past and current addresses on all of your accounts and especially those that you are unfamiliar with.

2) Review all accounts closely to ensure everything listed belongs to you, as extra accounts could signal a mixed file or possibly even identity theft. Also, if you’re divorced, make sure your former spouse’s debts aren’t included in your report.

3) Check that all your account statuses are correct. For example, are any closed accounts marked open or current accounts marked delinquent? Be sure that all open dates are accurate, as this could impact the length of your credit history, which is an important factor in credit scoring. Also, verify that accounts aren’t duplicated, which could make your debt seem higher than it really is.

4) Review your credit report from all three bureaus (Equifax, TransUnion, and Experian), as the information could vary. If any corrections are needed, follow the instructions on each bureau’s website or reach out to the bureau directly.

We have many financing and assistance programs to achieve homeownership which has historically proven to be a legacy wealth building tool. Your credit plays a major role in the financing you qualify for. Call us today to discuss your 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 #SpringBuyingSeason #FixCreditErrors ... See MoreSee Less

Golden Coast Loans

1 month ago

🏠 HOME VALUES IN A RECESSION 🏠

How would a recession affect the value of your home?

Recent tariff news, enactments, and declining consumer confidence have sparked growing concerns about an economic recession. While this is by no means certain, the odds of a recession occurring this year have significantly increased.
Some media stories are surfacing about how a recession could hurt the housing market. In fact, a recent article from Realtor.com warned potential homebuyers that a recession would drive home prices lower.
However, it appears that these media sources are driving fear instead of facts. Here is the reality: Over the past 50+ years, there have been seven recessions. Home values have risen in six of the seven recessions and the only time they declined was due to overly relaxed mortgage qualifications.
The absence of this anomaly would suggest that home values should be well supported even during recessionary conditions.
The reason why is that It’s true that the unemployment rate tends to rise during recessions, which would reduce the number of qualified homebuyers. However, recessions also cause interest rates to decline and the additional number of qualified homebuyers more than compensates for the rise in unemployment.
So while economic uncertainty may lie ahead, history suggests the housing sector may prove resilient in the face of a potential recession.
We have many financing and assistance programs to achieve homeownership which has historically proven to be a legacy wealth building tool. Call us today to discuss your options and the most appropriate loan to meet your homeownership, financial needs, and wealth management strategy through real estate at (949) 705-7702!

NMLS #1994723

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

Golden Coast Loans

2 months ago

💰❗️FIX CREDIT ERRORS❗️💰

Your credit score will help determine your rate when you buy a home, so it’s crucial to check your reports on a regular basis for any errors that could impact your score and ultimately your financing. There are some common mistakes that you should look for to protect your credit from potentially costly errors on your report.

1) Verify that all your personal information is correct, including your name, date of birth, social security number, and past and current addresses on all of your accounts and especially those that you are unfamiliar with.

2) Review all accounts closely to ensure everything listed belongs to you, as extra accounts could signal a mixed file or possibly even identity theft. Also, if you’re divorced, make sure your former spouse’s debts aren’t included in your report.

3) Check that all your account statuses are correct. For example, are any closed accounts marked open or current accounts marked delinquent? Be sure that all open dates are accurate, as this could impact the length of your credit history, which is an important factor in credit scoring. Also, verify that accounts aren’t duplicated, which could make your debt seem higher than it really is.

4) Review your credit report from all three bureaus (Equifax, TransUnion, and Experian), as the information could vary. If any corrections are needed, follow the instructions on each bureau’s website or reach out to the bureau directly.

We have many financing and assistance programs to achieve homeownership which has historically proven to be a legacy wealth building tool. Your credit plays a major role in the financing you qualify for. Call us today to discuss your 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 #SpringBuyingSeason #FixCreditErrors ... See MoreSee Less