The Gold Standard of Home Loans

Golden Coast Loans

1 day 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 weeks 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

Golden Coast Loans

3 weeks ago

🏠🌼SPRING’S BUYING OPPORTUNITY🌼🏠

Home prices continue to rise year-over-year, and examining how they have performed reveals some interesting seasonal trends.

Recent data from Case-Shiller illustrates that home prices tend to rise at a faster level during the spring, followed by a pullback later in the year.

Even so, if you purchased a home during a peak month like June, prices still appreciated 12 months later.

Is there a seasonal buying opportunity? It appears that purchasing a home in March or April can provide an advantage in gaining maximum home price appreciation and wealth creation which makes right now a fantastic time to buy!

The strongest buyers enter the market with a strategy and a underwritten pre-approval and the best time to start that process is today.

We 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 ... See MoreSee Less

Golden Coast Loans

4 weeks 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

1 month 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