Welcome to Golden Coast Loans
The Gold Standard of Home Loans
About Us
We have over 50 years in financial services experience to guide you through one of the largest financial decisions of your life. Contact us today to begin the journey!
Specializing in California Home Loans
We’ve simplified the process to give you a hassle-free experience with your home loan.Â
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Purchase Loans
Home purchase loans with today’s great mortgage rates to make your dream home affordable.
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Refinance Loans
Refinance your loan with today’s super low interest rates and save on your monthly payments today!Â
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VA Loans
We help active duty and veterans with their dream homes!
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FHA Loans
First time buyer? No problem. Get into your dream home at today’s low rates!
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Reverse Mortgage
We help put money into your hands when you need it most.
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Bank Statement
We help self-employed clients qualify for a home loan!
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USDA
Take advantage of these rural loans today!
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Jumbo
First time buyer? No problem. Get into your dream home at today’s low rates!
Market Updates
💰🏠THE GROWING DEMAND FOR MORE HOUSING 🏠💰
According to Freddie Mac’s most recent market outlook report, the number of homes for sale for each renter in the U.S. remains near record lows.
Currently, there are approximately 30 households that are renting for each home available for sale. To put this in time and perspective, that number was 10 renting households per homes for sale in 2006. At that time and into the Great Recession, the creation of new homes available for purchase took a major blow affecting homeownership. As a reminder, the term household includes all members in that rental unit and new households will continue to increase every year - for example, if a child moves out on their own, roommates vacate to get their own rental unit, or there is a divorce, these all create the need for additional new households in the market that were not there previously.
Our real estate and financial markets have changed drastically since that difficult time. Despite perceived obstacles, many opportunities and pathways to home ownership currently exist. Additionally, existing homeowners can take advantage of the market by leveraging their equity to achieve financial goals such as lowering monthly housing payments, removing mortgage insurance, purchasing an investment property, or taking cash out to fund a personal life goal or business venture.
Knowledge is power in this market, in any market for that matter. We always recommend staying ahead of market fluctuations by being prepared to meet your goals with a plan.
Working with the right team makes all the difference, call us today at (949) 705-7702 and let's explore a personalized goal driven financial strategy tailored just for you!
NMLS #1994723
#GoldenCoastLoans #LegacyWealthThroughRealEstate #WhoYouWorkWithMatters #RealEstateMarketUpdate #MoneyMyths #FedRateCuts #MarketKnowledge
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💰🏦 WHAT DO FED RATE CUTS REALLY MEAN?🏦💰
Since the Fed cut rates 50 basis points on September 18, we've seen 30-year fixed mortgage rates rise meaningfully. You may be wondering how this can be.
The Fed is reducing the Fed Funds Rate, which is not mortgage rates or even a long-term rate. The Fed Funds Rate is a very short-term rate, literally a rate that’s only good overnight. Banks use this as the rate that they lend money to one another, but it is the building block for all interest rates.
When the Fed changes the Fed Funds Rate, it almost immediately impacts things like money market accounts, credit cards, car loans, home equity lines of credit, etc. etc.
But long-term rates, like mortgage rates, are impacted more indirectly. An example of this happens as the Fed cuts rates and investors’ returns on money market funds decrease. If it’s anticipated that the Fed will continue to lower rates, which in turn will continue to reduce the return on money markets, investors may want to preserve their returns by selling their money markets and buying longer duration bonds like 10-year Treasuries. As more 10-year Treasuries are purchased, their price tends to improve, which in turn lowers the yield. Mortgage rates typically follow the direction of 10-year Treasuries.
Recently, in anticipation of a well-telegraphed rate cut, the 10-year Treasury and mortgage rates had declined significantly. Therefore, the financial markets had already priced in the cut by buying Treasuries in advance of the Fed announcement.
And after the Fed’s cut, a surprisingly strong jobs report and more stubborn inflation data were released. This has created a spike higher in mortgage rates.
It’s quite possible that the Fed will continue to reduce rates and eventually see that filter into mortgage rates, making it an essential task to make informed financial decisions as well as anticipate and plan for fluctuating market factors.
Call us at (949) 705-7702 and let's explore a personalized scenario tailored just for you!
NMLS #1994723
#GoldenCoastLoans #LegacyWealthThroughRealEstate #WhoYouWorkWithMatters #RealEstateMarketUpdate #MoneyMyths #FedRateCuts #MarketKnowledge
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🏠🔑THE PATH TO HOMEOWNERSHIP🔑đźŹ
At this time of our changing interest rate environment and inventory of homes to buy or sell, it is important to remember that the path to homeownership is a journey and the smartest way to navigate this is with a solid financial plan.
Just like any journey, this starts with a single step and identifying your housing needs and financial goals. Having a clear destination and sound financial strategy to reach this goal makes all the difference.
Call us at (949) 705-7702 and let's explore a personalized scenario tailored just for you!
NMLS #1994723
#GoldenCoastLoans #LegacyWealthThroughRealEstate #WhoYouWorkWithMatters #RealEstateMarketUpdate #MoneyMyths
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🏠💰 EXPERTISE IS IMPERATIVE IN THIS HOUSING MARKET đź’°đźŹ
A new survey by Clever Real Estate reveals that home sellers who used a real estate agent made on average $79,000 more than those who sold their property without one.
Key findings include 54% of the sellers in the study regretted their decision to not to use an agent and 64% indicated that without an agent they were more likely to miss their profit goals and were twice as likely to be unhappy with their transaction experience.
Additionally, 49% of FSBO (For Sale By Owner) sellers wished they had priced their home differently. In contrast, 73% of sellers represented by real estate agents felt their property was priced right while 87% of FSBO sellers stated they would hire an agent if they did not get an adequate offer within two months.
Real estate moves fast, timing and expertise mean everything. Having the right team to represent you including your financing is imperative.
Call us at (949) 705-7702 and let's explore a personalized scenario tailored just for you!
NMLS #1994723
#GoldenCoastLoans #LegacyWealthThroughRealEstate #WhoYouWorkWithMatters #RealEstateMarketUpdate #MoneyMyths
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🏠💰RENTS HIGHER THAN MORTGAGE PAYMENTS?đź’°đźŹ
Last week Zillow reported that mortgage payments fell lower than rent in 22 of the 50 largest metros in the US!
The monthly cost of homeownership may be more attainable than most people think. Recent drops in mortgage rates (which have fallen to the lowest level since early 2023) have significantly reduced monthly mortgage payments.
The longer you plan to stay in your house, the more financial sense it makes to purchase a home. Mortgage payments can decrease over time by paying off mortgage insurance or refinancing at a lower rate while building equity.
In contrast, rent payments have the potential to increase at every renewal. The average rent is 3.4% more expensive than a year ago and shockingly nearly 34% more expensive than prior to the pandemic.
With the housing inventory for sale currently up 22% (compared to just a year ago), buyers are now gaining bargaining power.
Call us at (949) 705-7702 and let's explore a personalized real estate wealth building scenario tailored just for you!
NMLS #1994723
#GoldenCoastLoans #LegacyWealthThroughRealEstate #RealEstateMarketUpdate #MoneyMyths
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What Our Clients Say About Us
AMY and her team rocked it! I was in a very rough situation with a previous lender and in the final hour when I was about to fall out of escrow. Amy and her team came in worked the extra hours late into the night and salvaged my escrow. I am FOREVER GRATEFUL to her and her team. Without her I would have not got my home loan and the dream home I had invested so much time and money into getting. Amy knows her stuff and was more than confident she could get me approved when another lender could not and mislead me during my escrow. PLEASE USE AMY! MANY THANK YOUS!
Being self-employed, my wife and I struggled to find mortgage refinancing even though we had plenty of equity in our home. Amy and her team tackled our mortgage qualification professionally and quickly. We were able to provide the loan documentation easily on-line. Where other mortgage companies failed, Amy was able to secure our re-fi in about 30 days at a competitive rate and cost.
We had a buyer with some difficult obstacles to overcome with her financing and Amy stepped in half way through and knocked it out of the park. We didn’t even fall too far outside our initially scheduled closing date.
Amy was very receptive in our desire to expedite the early payoff of our thirty-year conventional loan. Her assistance in this matter will enable us to pay-down the principle faster and reduce the total interest paid.
Have Questions?
Feel free to contact us with any questions you may have!