Gregory Cowart - Mortgage Consultant

01/30/2026

The housing shortage is real (1.5 million units short, to be exact). 📉 NAHB is calling on policymakers to adopt a 10-point strategy to lower costs for American families. We’re talking zoning reform, skilled trade training, and tax credits for the "missing middle." It’s time to make homeownership a priority again. 🇺🇸

01/29/2026

The 620 rule is officially outdated. 📉

I still hear people saying they are waiting to buy until their score hits that magic 620 number, but they are playing by the old rules.

Fannie Mae quietly updated their automated underwriting system late last year. They removed the hard credit score cutoff. Now, instead of an automatic "No" for being under 620, the system runs a comprehensive risk assessment.

Basically: If your credit score is lower, but you have other strengths—like solid cash reserves, a good down payment, or a strong rental history—you can still get an "Approve/Eligible."

Don’t disqualify yourself before we actually run the numbers. The algorithm is smarter now.

Drop a comment or DM me if you want to see where you actually stand. 👇

01/27/2026

The 10% Cap: A Rare Political Consensus with a Hidden Cost. 🏛️

It’s not often you see the 47th President and the leaders of the progressive left sharing a stage on policy. They all want to cap credit card interest at 10%.

But here’s the "Economic Why" behind the pushback: Interest rates are essentially the "price" of risk. When you cap that price below the level of risk, the supply vanishes.

The Result: If a bank can't charge enough to cover the risk of a low-score borrower, they simply won't issue the card.

Instead of cheaper credit, we might end up with no credit for those who aren't already wealthy.

What do you think? Is a 10% cap a necessary protection or a market-breaker? 👇

01/14/2026

The name got an update, but the mission hasn't. 🏠

I removed the regional tag because we’ve grown—I’m licensed in every square inch of California, and my team operates in all 50 states. If it has four walls and a roof, we can help.



But make no mistake: Roseville is still home. Element Mortgage is based here, I am based here, and serving the Roseville and Sacramento community is still my number one priority.

01/14/2026

We’ve spent years hearing about everyone’s 2.5% rate, but the tide has turned. More homeowners are now in the 6% club than the sub-3% club.

Why it doesn't matter:

Equity Growth: You're still building wealth instead of paying 100% interest to a landlord.

Buying Power: Less competition from "rate-watchers" means more room for negotiation.

Refi Potential: You can always pivot when rates drop, but you can’t change your purchase price.

Ready to run the numbers? Send me a DM! 📩

01/10/2026

Today’s Jobs Report just dropped—and mortgage rates reacted immediately.
Weak labor data doesn’t automatically mean lower rates, but it does move the bond market that actually prices mortgages. If you’re waiting on a rate drop, this is exactly why timing the market is risky and strategy matters more than headlines. Save this so you understand what really drives your rate.

12/16/2025

Back on your feed after a little break — and I couldn’t come back alone. 🐾 Meet Boobie the Mortgage Dog, my official assistant, morale booster, and quality control manager. More mortgage insight (and dog cameos) coming your way.

10/31/2025

The Fed cut rates again & MORTGAGE RATES DID WHAT?

(recorded this Wednesday evening, sorry about the late upload)

03/11/2025

10/09/2024

When there's unique products that much of the market can't do/offer, this dude gets certified!

Certified Reverse Mortgage Specialist, Renovation loans, and now ONE TIME CLOSE construction (was already 2x close certified, but one time close is so much better in so many ways!)

09/04/2024

Certified, I am!

Did you know a reverse mortgage isn't only for current homeowners? Seniors that qualify can also utilize a reverse mortgage to purchase a home too!

05/03/2024

Fed meeting leave you confused about California mortgage rates? Just because the Federal Reserve's rate stayed the same on Wednesday, doesn't mean mortgage rates didn't change! We break down the hidden factors impacting YOUR California mortgage and how to get the best deal. Like this video and follow for insider tips on navigating the CA mortgage market!