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Matt The Mortgage Guy

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Matt The Mortgage Guy

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Matt Gougé, Mortgage Broker NMLS #1088993
Connecting people and homes, one loan at a time...
MTMG.com I look forward to working with you!

As an experienced mortgage professional, I have the knowledge and expertise to empower you as you explore your options. Ensuring that you make the right choice for your unique situation is my ultimate goal. I hope you'll browse my website and various available loan programs, check out my decision-making tools and calculators, and use our secure online application to get started. After you've applied, I'll call you to discuss the details of your loan, or you may choose to set up an appointment with me using my online form. As always, you may contact me anytime by phone or email for personalized service and expert advice.

10/28/2026

DSCR loans explained!

10/27/2026

Think you need a W-2 and two years of tax returns to buy a rental property? Not always. A DSCR loan skips your income and only asks one question: can the house pay for itself? Divide the rent by the monthly payment. Over 1.0 and you can qualify. Just remember that passing the test doesn’t mean you’re making money, so run the numbers on repairs, empty months, and a manager before you buy. Want to know if a deal would qualify? Go to mtmg.com.

10/26/2026

As of this recording on October 22nd at 10:36 AM Pacific, the 10-year note prints 4.96. It collapsed 17 basis points, and I would not have guessed that.

Why is this important? There is a very good chance we no longer have mortgage rates in the sevens. We might be back to the sixes. There was a time we were talking about 8% mortgage rates, and lo and behold, sixes are here. The 10-year note seems to have peaked at 5.35, tested it a few times, and has now broken below 5%. Dan Bird has told us to watch 5% because if it breaks and accelerates through it, we could get to 4.5. If we got to a 4.5% 10-year, you’d have mortgage rates in the sixes. That’s simple math.

Will that be enough to unlock the frozen housing market and bring mom and dad off the sidelines? I don’t know, but it’s going to be interesting. Up until about March, the mom and dad who could buy, meaning they had the down payment and the willingness, were hoping for rates to get to 5.99. Then we went over seven, then seven and a half, and investor loans hit 8.25. Now they’re going to look at 6.99 as the new 5.99, because they remember seven and they’re afraid of eight.

If they get quoted 6.99 and spend a couple of points, which you can do because you’re still in a buyer’s market, you could probably get to 6.6 or even 6.5 if your credit is right and you have enough down payment. That could be enough to bring demand back.

Recency bias works both ways. In 2022 and 2023, people were freaked out because the recency bias was 3% mortgage rates. After four years of elevated rates, if the most recent number in your mind is seven and a half, 6.75 starts to look real good. You can’t predict any individual, but you can predict the masses. If we can start printing six handles, I expect a slight uptick in demand, and even 6.99 will be enough.

10/23/2026

Classic FICO looks at your credit like a single photo. It sees where you’re at today. VantageScore 4.0 looks at it more like a short video. It sees where you’ve been over the last couple years and what direction you’re heading. That’s called trended data, and it was the big thing with FICO 10T too.

It looks at how you’re trending. Is your debt load increasing or decreasing? Did you have delinquencies in the past that are gone, and you’ve been on time for the last two or three years? A snapshot just sees $7,500 used on a $10,000 credit card, which is 75% debt utilization, and gives you a score based on that one moment.

Here’s a simple example. Two people each have a credit card with a $10,000 limit, and each owes $5,000 today. To the old score, they look exactly the same. Same balance, same limit, same photo.

But the first person owed $9,000 a year ago and has been paying it down every month. The second person owed $1,000 a year ago and has been piling on debt. Those are two completely different stories. The old score can’t tell them apart. The new one can.

The second person is trending toward more debt and would be considered more risky. The first person went from $9,000 down to $5,000, which is trending in the right direction.

10/22/2026

Classic FICO looks at your credit like a single photo. It sees where you’re at today. VantageScore 4.0 looks at it more like a short video. It sees where you’ve been over the last couple years and what direction you’re heading. That’s called trended data, and it was the big thing with FICO 10T too.

Is your debt load increasing or decreasing? Did you have delinquencies in the past that are gone, and you’ve been on time for the last two or three years? A snapshot just sees $7,500 used on a $10,000 credit card, which is 75% debt utilization, and gives you a score based on that one moment.

Here’s a simple example. Two people each have a credit card with a $10,000 limit, and each owes $5,000 today. To the old score, they look exactly the same. But the first person owed $9,000 a year ago and has been paying it down every month. The second person owed $1,000 a year ago and has been piling on debt. Those are two completely different stories. The old score can’t tell them apart. The new one can.

There are a few other big differences. VantageScore 4.0 can score people with a lot less credit history than the old models needed. It can count rent, utility, and phone payments, but only if they’re being reported to the credit bureaus. A lot of companies are saying they’ll start reporting this stuff, so you pay your rent through their portal and it gets reported.

According to VantageScore, the newest model ignores collections you’ve already paid off and doesn’t count medical collections at all. The old classic FICO can still hold a paid collection against you.

10/21/2026

VantageScore 4.0 is different from classic FICO in a few big ways. Here are a few of them.

It can score people with a lot less credit history than the old models needed. It can also count rent, utility, and phone payments, but only if they’re being reported to the credit bureaus. A lot of companies are saying they’ll start reporting this stuff to help people with their credit. You pay your rent through their portal, and it gets reported.

According to VantageScore, the newest model ignores collections you’ve already paid off, and it doesn’t count medical collections at all. The old classic FICO can still hold a paid collection against you.

Classic FICO is a single photo of where you’re at today. VantageScore 4.0 is a short video of where you’ve been and where you’re heading.

10/21/2026

You know that credit score in your free credit app? For years, people have told me, “Matt, my score is 740,” and I’ve had to tell them it’s great, but it’s not the same score lenders use. Lending you $500,000 is different from a free app that’s trying to get you to sign up for new credit card offers. Most of these free apps show you a VantageScore, not the FICO version lenders were required to use up until now.

That’s changing. The agency that oversees Fannie Mae and Freddie Mac has approved a newer score called VantageScore 4.0, and as of early September 2026, any approved lender can use it with no special permission needed.

I’m working with lenders on the broker side, UWM specifically, that have already rolled this out. They let me pull a FICO score and a VantageScore side by side, and I get to pick. If your VantageScore is 765 and your FICO is 720, I can submit your loan with the VantageScore, and the other way around too. I’m going to use whichever higher score gets you the best terms.

Starting October 1st, Fannie Mae began pricing loans off the same chart whether the lender uses classic FICO or VantageScore 4.0. FICO’s newer version, FICO 10T, was approved too. FHA loans are set to start accepting VantageScore 4.0 on January 1st, 2027.

One more thing that’s been in the news. Right now we pull Equifax, Experian, and TransUnion and take the middle of those three scores, and it costs around $150 to pull all three. There’s been reporting that lenders may soon only have to pull two of the three bureaus. That’s a small change, but less cost for the person pulling your credit, and that cost gets passed on to you. It’s not official yet, so treat it as something to watch, not something to plan around.

If you want to talk through your situation, go to mtmg.com.

10/20/2026

There are four common reasons people refinance, and each one has a different answer for whether it makes sense.

Reason one is to lower your interest rate. This is the most common reason. Between 2018 and 2021, some people refinanced two or three times, going from 4.5% to 3.5% and then to 2.75%, and every time the math worked. If your new rate is at least a half a percent to a full percent lower than your current rate, it’s usually worth running the numbers. A bigger loan needs a smaller drop to make sense.

Reason two is to shorten your loan term, like going from a 30-year to a 15-year. The rate is usually lower, but you’re paying it off in half the time, so the payment goes up.

Reason three is to remove someone from the loan, like after a divorce.

Reason four is a cash-out refinance, where you borrow more than you currently owe and take the difference in cash. A lot of people use it for debt consolidation, which is really common with over a trillion dollars in consumer debt and $11 trillion or more in equity across the US.

Refinancing isn’t free. There are closing costs, like the appraisal, title fees, and lender fees, and they can run from a couple thousand dollars to $10,000, $15,000, or $20,000.

If you want help running the numbers for your situation, go to mtmg.com.

10/16/2026

Should you buy with rates at 7%?

10/15/2026

A 2-1 buydown lowers your mortgage payment for the first two years. Here is how it works on a $400,000 loan at 7%.

In year one, your rate is 2% lower, so you pay as if it were 5%. That’s $2,147 a month in principal and interest instead of $2,661, which is $514 a month less. In year two, your rate is 1% lower, so you pay as if it were 6%. That’s $2,398 a month, about $263 less. From year three on, you pay the full $2,661, based on 7%.

The cost can come from a seller credit. On a loan this size it’s something like $10,000, and your lender can tell you the exact number to ask for.

Compare that to taking the same $10,000 as a price cut. You’d borrow $390,000 instead of $400,000, and at 7% that only lowers your payment by $67 a month. Same $10,000 from the seller. The buydown saves you $514 a month in the first year, and the price cut saves you $67 a month.

Some people say the payment is only lower for a while and then it goes up. But you’re not going to stay in this loan for 30 years. Most people are in it for two, three, or five years.

When rates jump, fewer buyers are looking, so sellers have to work harder and offer more incentives. I promise you 2-1 buydowns will make a comeback.

If you’re buying, ask your lender what a 2-1 buydown would cost on your loan and how much seller credit to ask for. To talk through your situation, go to mtmg.com.

Address

3600 American River Drive #105
Sacramento, CA
95864

Opening Hours

Monday	7am - 10pm
Tuesday	7am - 10pm
Wednesday	7am - 10pm
Thursday	7am - 10pm
Friday	7am - 10pm
Saturday	7am - 10pm
Sunday	7am - 10pm

Telephone

+19168029291

Website

https://mtmg.com/

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