Golden Coast Loans, 3402 Piazza De Oro Way #250, Oceanside, CA (2026)

10/14/2026

WHAT IS AN IMPOUND ACCOUNT?

You may have heard of the term impound account or escrow account before in regard to mortgage terms. What does this mean and is this a benefit for your mortgage loan structure?

In essence, an impound account is just a separate account your mortgage servicer sets up on your behalf. You make one mortgage payment a month as usual, however a portion of this payment goes into this account to pay for the annual homeowner insurance premium and semiannual property taxes when due. You cannot access these funds and you don’t have any control on the amount allocated, however the servicer does typically audit these accounts once a year to make sure they are collecting enough funds. If there is an overage in the account, this is refunded back to you and they adjust your total payment down moving forward. However, if there is a shortage, you may need to either pay this in a lump sum or your total payment may be adjusted up to cover the shortage!

Is this impound account a benefit to you? If you are on a fixed or regular monthly income (for example, a W-2 position or a pension), it’s much easier to budget a set fixed payment as opposed to the annual insurance premium when due or the semiannual tax bills as they come due. However, if your income is more sporadic (for example, if you are self-employed) it may be more beneficial to have a lower monthly payment throughout the year and just factor in the insurance premium and tax bills when due.

Want to see what your loan options would be? Give us a call at 949-705-7702 and we would be happy to review your personal scenario and answer any questions you may have on the loan process!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

10/07/2026

HAVE SELF EMPLOYED INCOME?

One of the perks of being self employed is typically you have more available tax deductions which results in less overall income tax being paid to the IRS and state. However, the downside of these income tax deductions is that in loan qualifying, you most likely will (on paper) show less income than you expect for your debt to income in underwriting. This can lead to an unexpected loan denial where you do have enough income coming into your business to qualify for the loan yet underwriting will only go off what is reported to the IRS as your net income after these tax return deductions.

However, there are other options to be able to count your full income as a business owner, usually just slightly above the current market rates depending on your loan scenario. These options can range from providing twelve months of business bank statements to document average business deposits or even just a certified and audited profit and loss by your accountant to validate your business income.

Have you had a denial from another lender over your self-employed income? Give us a call at 949-705-7702 and we would be happy to review your income documents to give you a second opinion!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

09/30/2026

HOME SALES BACK IN RANGE

The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years.

Sales of new single-family homes rose to a seasonally adjusted annual rate of 684,000 in August, up 6.4% from July's revised 643,000 but 2.0% below the same month last year. The increase puts sales back above the 600,000 mark after July's pullback, although the broader trend remains relatively flat.

The number of new houses for sale was virtually unchanged at 483,000, down 2.0% from a year earlier. With sales picking up while inventory held steady, the implied supply fell to 8.5 months, down from 9.0 months in July and essentially unchanged from August 2025.

Pricing was mixed, the median sales price edged up to $393,700, a 0.4% increase from July but 5.8% below August 2025. The average sales price fell to $478,700, down 9.1% from July and 8.8% from a year earlier. As a reminder, price movements in this data set are not necessarily apples to apples as they don't adjust for changes in square footage, neighborhood, etc.

What does this all mean? Real estate still is one of the best and safest investments in this economy based on decades of data.

Want to take the first step in homeownership? Contact us at (949) 705-7702 and we’ll walk you through the process!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

09/23/2026

FALL HOME CHECKLIST

As fall approaches, now is the time to check out your home to see if there is any maintenance required. Here’s some tips on where to start:

- Clean gutters and check drainage, make sure water drains away from the house

- Take a look at the roof, check for missing tiles or worn flashing

- Check your irrigation, look for broken sprinkler heads and adjust your watering schedule

- Replace your HVAC filter, keep in mind you may have more than one in your home

- Test smoke/ carbon monoxide detectors, a simple test to make sure everything is working correctly

- Check the exterior, look for cracked caulking or peeling paint

A little preventive maintenance can help avoid bigger and more expensive repairs later.

Need to pull out some equity to address some larger repairs? Contact us at (949) 705-7702 and we’ll give you some options!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

09/16/2026

The strongest buyer’s market on record!

Home sellers now outnumber buyers by 57.9% nationally, making August the strongest buyer's market on record according to Redfin’s latest market update.

Here are the main takeaways:

• Sellers outnumbered buyers by 58% in August, the biggest gap in our records, driven by a surge in listings and stagnant demand.

• Nashville, Miami, and Houston are the strongest buyer’s markets, with more than double the number of sellers as buyers.

• There are just 5 seller’s markets in the U.S., led by New York City suburbs. San Francisco is also a seller’s market, just the second time in 4 years it has been classified as such.

• Most buyer’s markets got even more buyer-friendly in August, led by Orlando and Seattle.

Every market is unique and it’s important to work with the right real estate agent and lender who knows your area and will be able to advise on comparable sales to make the best offer for your scenario.

Contact us today to start your mortgage prequalification at (949) 705-7702 and we would be happy to answer any questions you may have on your personal path to real estate wealth!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

09/07/2026

Happy Labor Day from all of us at Golden Coast Loans!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender
949-705-7702
[email protected]

09/02/2026

WHAT MAKES UP A MORTGAGE RATE?

Most mainstream rate quotes would be structured as a 30yr fixed from a big bank or mortgage lender, a retail branch of that bank, or indirectly via a mortgage originator who has access to several correspondent or brokered banking channels. In all cases we’re talking about some large underlying financial entity that is in the business of making lots of loans.

These sorts of lenders will typically adjust their rate sheet offerings every day. In fact, it’s extremely rare to see absolutely no change in any given lender’s rate sheet from one day to the next. That said, it’s also rare for rates to change so much that the actual contract interest rate is affected. That’s because rates are almost universally quoted in .125% increments. As such, rates would have to change by .125% in order for a rate that had been quoted at 4.0% to now be quoted at 4.125%, all other things being equal.

The “fine-tuning adjustment” for mortgage rates lies in the upfront cost side of the equation. This can either be an actual cost out of the borrower’s pocket (“discount points”) or a rebate from the lender. Rebates to cover closing costs, etc., are a common feature of loan quotes, and lenders are able to offer them because of the interest collected over time. The higher the rate, the higher the potential rebate. The lower the rate, the higher the cost. For example, if a 4% rate involved neither an upfront discount nor a rebate from the lender, then a 3.875% might require a 1.0% discount point and a 4.125% might result in a 1% rebate from the lender.

Comparing mortgage rate quotes is more in depth than just the program, term, and rate as the cost for that rate (or rebate) is a significant factor to make sure you are getting the best loan for your unique scenario. Contact us today for a second review of your mortgage rate quote at (949) 705-7702 and we’ll let you know how it stacks up to the current market!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

08/26/2026

MORTGAGE FREE RETIREMENT?

According to the Federal Reserve’s latest Survey of Consumer Finances (SCF), about 73% of homeowners ages 65 to 69 have no mortgage or home equity loan left to pay off. That share rises with age, reaching 83% among homeowners ages 75 to 79 and 92% among those 85 or older.

As we plan ahead for retirement, paying off your mortgage is personal requirement for many as the final step before easing up on our workload and enjoying more time with our loved ones. However, does it make sense to pay off your mortgage as quickly as possible? Not necessarily, it depends on your individual financial circumstances.

The Case for Paying It Off

When you retire, you may have less income and fewer opportunities to increase it. That can make eliminating a large monthly expense like a mortgage especially appealing.
Paying it off also gives you a return roughly equal to the interest rate you're no longer paying, which can be especially attractive if that rate is higher than what you could reasonably earn on a low-risk investment.

The Case for Keeping a Mortgage

If your mortgage rate is fixed and lower than what you could reasonably earn on a low-risk investment, keeping the loan may make sense. Instead of using a large sum to pay it off, you could keep that money invested or available for other needs.

Your broader finances matter, too. Before paying off a mortgage, it may make more sense to tackle higher-interest debt and make sure you have sufficient retirement savings and an emergency fund. Using too much of your cash to pay down the mortgage could leave you short if an unexpected expense comes up.

Planning for retirement is a concern for everyone and taking small steps today can make dramatic differences down the line. Contact us today to discuss your mortgage plans to make sure you are putting your wealth to work for you at (949) 705-7702!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

08/19/2026

NO DOWN PAYMENT? NO PROBLEM!

With rent rising year after year, increased monthly costs of groceries and utilities, and now adding in higher gas prices, if feels like it’s impossible to save anything towards a home purchase. Even if you are able to save for the down payment, there potentially could be thousands if not tens of thousands of dollars of closing costs on top of the down payment required! It seems like the gap gets larger and larger each year to find a way to the American Dream.

Good news, a new loan program just came out that can help with this exact issue that is facing many first time homebuyers. This loan allows you to add up to 5% of the sales price to the loan amount to absorb most (if not all) of the closing costs and still allows you to finance with zero down payment! There are NO income limits, the program allows as low as a 620 credit score, and there is no restriction on being a first time homebuyer like other programs.

Don’t keep throwing away your monthly rent payments, instead put them into your own home equity and build wealth for you and your family. Let us educate you on your options and start your journey to becoming a homeowner.

Contact us today to discuss this loan program or any other financing needs at (949) 705-7702!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

08/12/2026

NO DOESN’T MEAN NO!

A client came to us a month ago stating they were told by another lender that they needed to wait 6 months to purchase a home as they needed more time on the job. We reviewed their documents and found there was no issue with the buyer purchasing a home today with no need to wait (as interest rates and/ or sales prices could easily be higher in 6 months).

The buyer was of course a little skeptical and with good reason, however our team always does our due diligence upfront and pre-underwrites every single file (which is why we have never lost a client’s earnest money deposit) to make sure there are no issues.

After the buyer’s contract was accepted a week later and they were in escrow, we received the full loan approval within 24 hours confirming to all parties there would be no issue in closing and had final loan documents to escrow over a week ahead of closing! All parties were very excited and had so much to say:

“Thank you so much for making this entire process less overwhelming and answering every million questions of mine.”- Buyer

“Thanks for the awesome work, so happy the buyer did not have to wait half a year!!!!!”- Buyer’s agent

If you were told you didn’t qualify to purchase or refinance a home, it doesn’t hurt to have another lender take a second look. The second lender may have more loan programs, better underwriting, or simply just more experience with unique lending scenarios.

Contact us today to discuss your real estate financing needs at (949) 705-7702!

Golden Coast Loans, Inc.
NMLS #1994723
Equal Opportunity Lender

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