The Gold Standard of Home Loans

Golden Coast Loans

3 days ago

🏠❓50 YEAR MORTGAGES❓🏠

With all of the recent talk about introducing a 50 year mortgage, is this really a viable or beneficial financial tool for the average homeowner?

In an effort to improve housing affordability the current administration has proposed this idea. While this could appear to offer immediate savings, this is offset by a steep cost through the life of the loan.

UBS Securities analysts indicate that based on the median-priced home, the average homeowner would save $119 per month while facing the severe penalty of double the interest due over the life of the loan, extending the duration of the loan from 3 decades to 5 decades, and substantially slowing the rate of equity accumulation.

Not all loans are right for every borrower and it is essential that you make an informed decision regarding which loan is right for you and your financial wealth management goals through real estate.

We are here to advise and help with your financial needs and discuss any questions you may have. Call us today at (949) 705-7702!

NMLS #1994723

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Golden Coast Loans

1 week ago

🏠❓REVERSE MORTGAGES❓🏠

While these were once given a negative connotation, they have been revised to benefit the borrower, are highly regulated, and they can be the perfect financial tool for the right borrowers. What happens after retirees move out of a home secured by a reverse mortgage?

The reverse mortgage (typically a Home Equity Conversion Mortgage or HECM) is an interesting financial tool that seniors and retirees can use to extract cash through equity from their home and eliminate monthly mortgage payments. Real estate has proven to consistently be a rock solid feature of wealth generation. Obtaining the right financing for your financial goals is an integral part of this. A reverse mortgage can be an opportune way for those over 55 to tap into their home’s value without having to sell their home.

This financial tool allows you to continue living in your home without paying back any of the money until one of three conditions occur: the borrower dies, the sale of the home, or owner moves out of the home, at which point the balance of the mortgage will come due. Reverse mortgages are designed to provide financial stability for older Americans. It is important to note that moving out of the home is only considered a payoff trigger if more than half of the year is spent living elsewhere. This means you can stay at a vacation home or with family for months out of the year as long as the total does not exceed 6 months!

Upon a reverse mortgage’s due date due to any of those conditions, the borrower or their heirs/beneficiaries have 6 months to make a decision regarding repayment of the loan (there are even 2 90 day extensions available if needed). The equity in the home is given to the borrower or their beneficiaries/heirs. Thus, this has become a fantastic tool to help meet individual and family’s financial needs.

We are here to advise and help with your financial needs and discuss any questions you may have, call us today at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance #SpringBuyingSeason #FixCreditErrors #RefinanceNow #ReverseMortgage #EscrowShortage #FirstTimeHomeBuyers #DoNotCallList #2025RealEstateMarket #NonWarrantableCondos ... See MoreSee Less

Golden Coast Loans

2 weeks ago

🏠％FED’S 2ND RATE CUT％🏠

What does the second rate cut of the year mean for your wallet?

The Fed cut interest rates by .25% during their October meeting yesterday and for only the second time this year. As we have explained earlier this affects short term/overnight lending for banks, however it does have a trickle down impact on finances and will affect you, but how?

This rate cut could ease mortgage and credit card borrowing costs for a majority of consumers.

This rate cut could also make it easier for companies to invest and borrow money, which would then stimulate the currently slower job market and boost economic factors.

We are here to advise and help with your financial needs and discuss any questions you may have, call us today at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance #SpringBuyingSeason #FixCreditErrors #RefinanceNow #ReverseMortgage #EscrowShortgage #FirstTimeHomeBuyers #DoNotCallList #2025RealEstateMarket #NonWarrantableCondos ... See MoreSee Less

Golden Coast Loans

4 weeks ago

🏠💰LEGACY WEALTH💰🏠

As real estate mortgage and financial advisors we constantly discuss legacy wealth. We want to pass on financial wealth to our beneficiaries, but that does not mean that we should do so without teaching them how to manage finances and how to handle the wealth we pass down.

The most important aspects of helping our beneficiaries (children, grandchildren, etc.) are communicating about finances openly and regularly and teaching them how to spend, save, invest, and give - even from a very early age.

Statistics show when wealth is passed down through generations without education on managing finances, the wealth disappears.

As we often mention homeowners are significantly wealthier than renters due to building equity, home appreciation, and tax benefits. In fact most recent studies indicate that the median net worth for homeowners was approximately $400,000 as compared to the median net worth of renters at $10,400.

We all want to create our legacy wealth - real estate and managing your financial portfolio is the smartest and safest way to do so. We are here to advise and help, call us today at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance #SpringBuyingSeason #FixCreditErrors #RefinanceNow #ReverseMortgage #EscrowShortgage #FirstTimeHomeBuyers #DoNotCallList #2025RealEstateMarket #NonWarrantableCondos ... See MoreSee Less

Golden Coast Loans

1 month ago

🏠❓IS NOW A GOOD TIME TO REFINANCE❓🏠

Mortgage refinancing has been moving back into the spotlight this fall as borrowing costs begin to shift. The decision comes down to hard numbers: current interest rates, the direction of Federal Reserve policy, and how long a homeowner plans to remain in the property.

In September 2025, the Federal Reserve cut its benchmark federal funds rate by 0.25 percentage points, bringing the target range down to 4.00%–4.25%. This was the first cut since 2023, following two years of elevated interest rates aimed at reducing inflation. Historically, mortgage rates do not move in lockstep with the Fed’s short-term rate, but they are influenced by the same forces. Bond yields, inflation data, and investor demand for mortgage-backed securities all play roles in determining what lenders can offer.

Following the Fed’s move, the average 30-year fixed mortgage rate briefly fell to its lowest level in nearly a year, slipping closer to 6%. According to data from the Mortgage Bankers Association, refinance activity picked up immediately, with application volume rising as borrowers tried to capture the lower rates. However, the relief was short-lived. By late September, the average 30-year fixed rate had ticked back up to roughly 6.3%, underscoring the volatility of the market.

Homeowners considering refinancing should evaluate three primary factors: their current mortgage rate, the total cost of refinancing, and their expected time horizon in the home. Analysts generally advise that refinancing makes financial sense when a borrower can reduce their rate by at least 0.5 to 0.75 percentage points, though the exact threshold depends on closing costs. These costs typically include origination fees, an appraisal, title insurance, and other administrative charges that can amount to 2%–5% of the loan balance. If a homeowner plans to stay in the property long enough to recoup those expenses through lower monthly payments, refinancing can be worthwhile.

Creditworthiness and home equity also matter. Lenders reserve their best rates for borrowers with strong credit scores and lower loan-to-value ratios. For homeowners with weaker credit or limited equity, the rate reduction available today may not offset the additional costs or risks.

The broader economic outlook complicates the timing. Mortgage rates are likely to remain sensitive to inflation data and Treasury yields in the coming months. Some economists expect modest declines into late 2025 and early 2026 if inflation continues to cool, while others note that strong employment and consumer spending could keep rates elevated. Wall Street forecasts have already shifted, with fewer expecting multiple large rate cuts in 2026.

For homeowners who secured loans in 2022 or 2023, when 30-year rates climbed above 7%, today’s market still offers meaningful savings. For those who already hold mortgages in the 5%–6% range, the potential benefit is narrower. In those cases, the savings on interest may not outweigh the upfront expense of refinancing.

The surge in refinance applications in September reflects the pent-up demand among homeowners waiting for any sign of relief. Still, the lesson from this year’s market has been clear; small shifts in economic conditions can change rates quickly and locking in savings requires careful timing and a clear calculation of costs versus benefits.

For now, refinancing is not a one-size-fits-all opportunity. The facts show that rates remain elevated by historical standards, the Federal Reserve has begun to ease but only slightly, and future cuts are uncertain. Homeowners who stand to reduce their borrowing costs by a full percentage point or more may find it worthwhile to act soon, while others may be better off waiting to see if the market delivers a more significant drop.

We are here to advise and help. Call us today at (949) 705-7702!

NMLS #1994723

#GoldenCoastLoans #LegacyWealthThroughRealEstate #BurstTheHousingBubbleFear #WhoYouWorkWithMatters #RealEstateMarketUpdate #LeverageHomeEquity #MoneyMyths #InterestOnly #FedRateCuts #MarketKnowledge #CashOutRefinance #DownPaymentAssistance #SpringBuyingSeason #FixCreditErrors #RefinanceNow #ReverseMortgage #EscrowShortgage #FirstTimeHomeBuyers #DoNotCallList #2025RealEstateMarket #NonWarrantableCondos ... See MoreSee Less