The Gold Standard of Home Loans

Golden Coast Loans

3 days ago

🏦 HOW TO IMPROVE YOUR CREDIT SCORE 🏦

Your credit score is one of the primary components that creditors use to determine the financing options you qualify for. A higher credit score gives you the opportunity to borrow at more favorable terms on mortgages, credit cards, auto loans, and personal unsecured loans. This could make a huge difference in your monthly expenses as well as the amount of money you are able to borrow and the cost of repayment.

FICO scores range from 300 to 850:

Less than 580: Poor
580-669: Fair
679-739: Good
740-799: Very good
800+: Exceptional

Some ways to improve your credit score:

Look for errors on your credit report and have them removed
Pay your bills on time
Ask a loved one to make you an authorized user on an account
Get a credit card if you don’t already have one
Look for a credit-builder loan
Request a credit limit increase
Have your rent payments added to your credit report
Avoid closing old credit cards which demonstrate payment history
Pay off your debt strategically (higher interest rate accounts first)
Explore a debt consolidation loan that could save you money

Understanding the intricacies of credit scores can be overwhelming. We are here to advise and answer any questions you may have.

Call us today at (949) 705-7702!

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Golden Coast Loans

1 week ago

🏠❗️PAY OFF YOUR MORTGAGE IN 9 YEARS❗️🏠

There is a loan option that combines both your mortgage and checking account into one account! This product is structured as an open-ended line of credit that allows you to pay off your mortgage faster, reduce interest payments, and access equity on demand.

Here’s how it works:

- There is no mandatory payment schedule so you are able to control your own payment strategy
- Payoff your mortgage in as little as 9 years (even quicker in some situations) vs. a traditional 30 year term
- Line of credit can be used to pay bills and access money as needed
- Paychecks can be deposited directly into the account which is where the benefits start to show as any deposits that are higher than the monthly expenses reduce the principal balance right away
- Take advantage of your normal income and spending habits without changing your lifestyle while at the same time building equity faster and paying down your mortgage quicker

This mortgage product is an intuitive and exciting option for many borrowers while leveraging the power of control over compounding daily interest. Call us today at (949) 705-7702 for information on the loan process, help with your financial needs, or to discuss any questions you may have to help you build your wealth through real estate!

NMLS #1994723 ... See MoreSee Less

Golden Coast Loans

2 weeks ago

🏠❓PRE-QUALIFICATION vs PRE-APPROVAL❓🏠

These terms are often tossed around interchangeably, however they are very different processes and are integral to your home buying success.

Let’s explore their differences:

PRE-QUALIFICATION:
- This is an early step to help you as a buyer establish a budget and price range
- This is an informal estimate of how much you might be able to borrow
- This requires only basic information about your finances

PRE-APPROVAL:
- This is the 1st step of your official mortgage application
- This is a formal statement of the amount you are approved to borrow
- This requires in-depth analysis of your financial information

As you can see, a pre-approval is more reliable and much stronger when you as a buyer are making an offer in a competitive market.

As a result of our 50+ years in mortgage and finance, we only issue pre-approvals for our clients, some of whom have been able to beat out lower offers due to the strength of their pre-approval and our ability to speak to such with the listing agent.

We are here to get you pre-approved, advise you through the process, help with your financial needs, and discuss any questions you may have to put you on the path to homeownership.

Call us today at (949) 705-7702!

NMLS #1994723 ... See MoreSee Less

Golden Coast Loans

3 weeks ago

🏠 💰MORTGAGE RATES: MYTHS DEBUNKED💰🏠

Mortgage rates frequently grab headlines but the media rarely tells the whole story especially when it comes to California real estate. This in turn leads buyers and sellers to make real estate decisions based on presumptions that realistically do not reflect what is actually happening in today’s market or their local market. Let’s debunk some of those myths so you can remain informed:

1) I NEED TO WAIT FOR RATES TO DROP BEFORE I BUY
When rates ease more buyers enter the market and increase competition causing purchase prices to increase. The “buy now refinance later” strategy makes the most sense as you cannot refinance a home you never secured in the first place.

2) A LOWER RATE ALWAYS MEANS A LOWER PAYMENT
A slightly higher rate on a lower-priced home can be more affordable than a rock-bottom rate on a more expensive purchase price.

3) THE RATE I SEE ONLINE IS THE RATE I SHOULD GET
Advertised rates are based on ideal lending scenarios defined by each individual investor’s lending appetite at the time. Your actual rate you qualify for depends on your credit profile, down payment, loan type, and location.

4) RATES ARE TOO HIGH NOW TO MAKE BUYING WORTHWHILE
Rates currently feel high due to the unprecedented socioeconomic climate we experienced over the past several years. Historically, current rates are not extreme at all and remain at all-time lows. What matters most is whether your monthly payment fits your budget and whether the home you want to purchase or own fits your long-term goals.

We are here to advise, help with your financial needs, and discuss any questions you may have to put you on the path to homeownership or financial benefits through refinancing. Call us today at (949) 705-7702! NMLS #1994723 ... See MoreSee Less

Golden Coast Loans

4 weeks ago

Our Golden Coast Loans family wishes you and your loved ones a very Happy New Year and prosperous 2026! ... See MoreSee Less