All posts by gordon

Crazy year for Rocklin Mortgage Broker

I have been so busy that I just realized that I have not written one post for 2020. I wish I would have written down how the mortgage rates just kept dropping every month during the months the rates were dropping. I will go back to February when rates were going into the low 3% range. My refinance business started to pick up at that time and I was quoting people 3.125% 30 year fixed rates. Mortgage rates really went crazy in early March as the pandemic was just starting to shut down business’s. We had a two day jump in rates by a 1/2% in early March.It was the most stressful time in the history of Mortgage broker in Rocklin. The secondary mortgage markets just went crazy has the stock market was collapsing and the effects of the virus were hitting our economy. I remember losing a lot of sleep as I had loans that had started but the rates were not locked yet. The mortgage rates finally eased back down at the end of March and early April so I was able to close those refinances in Rocklin at the rates my clients requested.

The corona virus must have hit my website also in March because my hosting company dropped my site off the web. I did not even know it until late last week. My site is back so now people can find a mortgage broker in Rocklin again. If you want to find out what your rate can be then please call or text me at 916-261-2381. My Nmls # is 1037464. I work for Direct Realty and Mortgage at 5701 Lonetree Blvd. Rocklin CA.

Mortgage broker in Rocklin CA

If you are looking into buying a home, we can help you with locating the best mortgage to fit your needs. I work for a mortgage broker in Rocklin CA. I will show people the average mortgage rates on this site. I will also show you what underwriters look for when qualifying you for that home loan. This site is just a blog written by Gordon Cuffe a licensed loan officer NMLs# 1037464. I will update people on how to qualify for a loan and improve their credit scores. There are many lenders on the internet but as a Mortgage broker in Rocklin, I have more lenders to choose from compared to the consumer. I can look at your credit score, loan to value and loan amount to shop all the lenders that we are approved with. I have worked as a loan officer since 1992 so I have funded all kinds of mortgage loans. If you ever have a question about financing , please call or text me at 916-261-2381.

Advantages of using a mortgage broker in Rocklin

When you apply for a home loan with a mortgage broker in Roseville, you only have to fill out one loan application and run one credit report. A mortgage broker can send your loan to a few of their lenders at one time. This is helpful to the borrower who doesnt not have that perfect 800 credit score or who does not have the nice high income to low debt situation. If you need help with a home loan, please call Gordon at 916-261-2381 and he will shop all his lenders to find you the best rate and terms for your situation. 

Why are we better than big banks and online lenders? Here are just a few reasons. 1. We do just one loan application and one credit pull 2. We shop multiple lenders to get you the best loan 3. We offer wholesale interest rates 4. We close loans in 20 days or less, on average.

Interest rates drop by 1/4% in Rocklin

The federal reserve has dropped interest by a 1/4% again today. This is the third 1/4 point drop in 2019 and the last. This news really helps large business’s and bank the most because it drops the lending rate that banks lend to each other. It should help the prime lending rate drop by 1/4% which is great if you have a adjustable rate mortgage tied to the prime rate. Mortgage rates have held steady this summer in the mid 3% range. I have been able to get homeowners rates below 4% along with a lender credit to pay for the closing costs. Mortgage rates should stay the same until the end of the year with only a small hope they will go lower. If you want to find exactly what your mortgage rate will be, you can call or text me at 916-261-2381.

If you are looking for a mortgage broker in Rocklin, this website is the place to look. We have many different lenders to choose from to find you a loan program that best fits your needs.

Mortgage rates are low in Rocklin CA

Home mortgage rates in Rocklin CA are still lower in 2019 compared to 2018.I just helped a homeowner get a 3.625% thirty year fixed rate in Placer county. They refinanced their house and lowered their house payment by $215.0 per month. I can not believe how low rates are considering that the economy is still running strong. I dont know how long rates can stay this low so if you want to find out how much money you can save by refinancing, please call me at 916-261-2381. Here is a video talking about how home flippers are using mortgages more in 2019 because the rates are so low. When home prices were a lot lower around the Rocklin area, many of the fixer upper homes were purchased with cash. We have seen a steady increase in values since 2012 so it is tougher for investors to come up with enough cash to buy a house.

Mortgage rates up again in 2018.

The economy is going strong, low unemployment. That means interest rates are up and they should keep going up some more. I always have trouble when the economy gets going strong because I know mortgage rates will keep going up in Rocklin CA. I should be happy that the economy is strong and people are working. It is tough for the homeowners who want to refinance to get cash out to pay off debts or do home improvements. This past week from September 14th has been extra tough because all of a sudden rates have gone up .375%. I gave some people a quote on rates then when I went to lock in the rate after the loan application was taken , rates had allready jumped up. These are the times of year when I get stressed out so I really need to go to the gym so that I dont get an ulcer.
If you have some equity and you need to pay off credit card debt or make a home improvement then you should hurry up and call me. I dont see rates coming down any time soon because of the strong economy and new federal income tax rates. Home values are way up since 2012, so every homeowner should have enough equity to refinance in Rocklin CA. I love to talk about real estate and mortgage rates. I can be reached at 916-261-2381 . A person can also pull cash out to buy another piece of real estate. I would suggest buying a cash flowing house in the Kansas City MO real estate market. A person can buy a nice house for 90k that rents for 900 per month. That is alot better than buying a entry level home in Sacramento for 250k that rents for 1200 per month.

Mortgage rates look optimistic for 2019

Here is a video from the federal reserve board chairman saying rates look neutral for the upcoming year. That is good news because mortgage rates in Rocklin CA have gone up quite a bit since November 2016. Home values are at a peak right now so if you need cash out to pay off consumer debts or make home improvements, now is the perfect time to refinance. You can call Gordon at 916-261-2381. He has been originating loans since 1993. I have my license under Direct Realty and Mortgage in Rocklin. My nmls number is 1037464. We have many lenders to choose from when we take a new mortgage application. We place your loan with the lender that has the best rate and terms for your scenario.

Mortgage rates up a little bit in Rocklin CA

his is the first time in a year that I have had to say that mortgage rates are up. This is sad for me but the rates could not stay at record lows forever. I kept telling as many people that I could during the late part of summer 2016 that rates will go up. They started going up right around November 1st and they went up sharply after the election. It is not the end of the world or the start of the dark recession. A person in Rocklin CA can still get a low mortgage rate in case they need to do a cash out refinance. Our property values have risen tremendously since April 2012. I know that the people who thought they did not have enough equity to refinance now have enough equity to refinance. I also know that some people now have enough equity to do a cash out refinance to pay off high interest credit card debt. I just completed two cash out refinances for homeowners that are now saving $800.0 to $900.0 per month in out going bills. They both told me that relieved a lot of stress in their lives. Both of their credit scores went up also.
If you live anywhere in Rocklin or Roseville CA, and you want to see how much money you can save each month then call me.. I attached a video that talks about the real possibility that the federal reserve will raise interest rates thoughout 2017.I do want to mention that I work for a mortgage broker in Rocklin.

Mortgage broker in Rocklin saw average rates drop across the U.S.

I thought for sure that mortgage rates would head upwards when the Federal Reserve raised their rate by a quarter percent. Now mortgage rates have been dropping the last month. You would think that I could predict which way rates are heading but I cant. If you have a mortgage interest rate above 4.5%, you should call me at 916-261-2381 so that I can show you how much money you can save every month by refinancing. It is a real great time to refinance in Placer county because our property values have gone up so much the last three years so it makes it much easier to refinance. Please call Gordon at 916-261-2381 to see how much your home is worth and how much money you can save. If rates drop any more in Rocklin, we will be overwhelmed with mortgage applications and you could miss out on the lowest rates of the year.