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Mortgage rates hit another record low at 2.67%

December 22, 2020 by mthomas Leave a Comment

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 3 and is the first time the survey has witnessed it fall below 2.7%. “The housing market continues to surge higher and support an otherwise Continue Reading

30-YEAR RATE FOR MORTGAGES FALLS BELOW 3%; REFIS GROWING

July 17, 2020 by mthomas Leave a Comment

With the 30-year mortgage rate falling this week below 3 percent for the first time in a half-century, more U.S. homeowners are likely to seize the chance to refinance their home loans. Americans refinanced nearly 2 million home loans from January through April, more than double the same four-month stretch in 2019, according to real estate data company CoreLogic. And “cash-out” refinancing, Continue Reading

Is It Worth It To Get A Pre-Approval?

June 25, 2020 by mthomas Leave a Comment

An Easy Process With Big Benefits! If you are looking for your first home or thinking of upgrading to a bigger location, getting pre-approved for a loan can be a huge advantage. Having this process taken care of has a multitude of benefits including locking in an interest rate, helping you budget correctly, giving you a solid plan for your next steps, and gaining access to property showings that Continue Reading

Quick Tips on How To Build Your Credit

June 18, 2020 by mthomas Leave a Comment

  Building your credit is not as complicated as it may seem! You may have heard that your credit score is incredibly important, and it is impossible to argue that this fact is not true!   Poor credit can affect your interest rate on multiple consumer loans (making them more expensive) and whether or not you will be able to access certain financial products.   Are Continue Reading

Why a Mortgage Broker is the Best Way to Get a Mortgage

June 11, 2020 by mthomas Leave a Comment

A black and white kitchen photo emphasizing to go with a broker

Our top reasons you should #GoWithABroker In our experience, we have found that the story is really always the same: a friend of yours puts a down payment on a house that they absolutely love, they go to their local bank and apply for a mortgage, and the unfortunate truth is that they are now stuck with that bank for the next 15 to 30 years. This scenario is extremely common, but did you know Continue Reading

What Makes a Variable Rate Mortgage Cheaper Than a Fixed Rate

June 4, 2020 by mthomas Leave a Comment

Orange single family home

A mortgage is a tool, and using it the right way can save you thousands All information in this article is applicable only on an individual basis pending a lender’s approval and OAC. In an earlier blog we broke down exactly how fixed, variable, and adjustable rate mortgages all differ, so today we really want to go in-depth on exactly how a variable rate can* be less expensive for a Continue Reading

How You Can Work with a Mortgage Broker Remotely

May 28, 2020 by mthomas Leave a Comment

Woman sitting with laptop

Even if you can’t meet face-to-face, you can still qualify for a mortgage All information in this article is applicable only on an individual basis pending a lender’s approval and OAC. We’ve talked before about how to pick a mortgage broker to work with, but one thing we haven’t discussed is how you can work with a mortgage broker remotely. Thanks to our increasingly connected world, a Continue Reading

How a Refinance Can Save You From Foreclosure

May 21, 2020 by mthomas Leave a Comment

You always have options, even when everything goes wrong All information in this article is applicable only on an individual basis pending a lender’s approval and OAC.   If you’re currently facing foreclosure, our hearts go out to you. There is nothing harder to deal with as an American citizen, so we want to do what we can to help you navigate that process. The most important Continue Reading

An Introduction to Escrow

May 14, 2020 by mthomas Leave a Comment

The last step of a mortgage is just as important as the first Mortgage brokers understand that every mortgage - and borrower - is totally unique, but the general process of funding a mortgage is the same every time. There is a defined series of stages: application, processing, and closing, and each one of them is equally important to the process, but we want to focus on what might be the Continue Reading

How VA Loans Support Our Veterans

May 7, 2020 by mthomas Leave a Comment

American Flag

The ones who’ve served our country deserve all the support they get Any American can agree: our veterans are so important to the very fabric of our nation, and they deserve all the support we can give them. And one of the best ways that the United States of America supports its veterans is through VA loans. Backed by the Department of Veterans Affairs, VA loans give our veterans access to Continue Reading

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Michael Thomas

Michael Thomas is one of the leading Mortgage Brokers in California. He manages his files directly and keeps his clients updated every step of the way. A Real Estate Broker as well, Mr. Thomas is extremely well versed with the purchase transaction process. As a lifelong resident of San Diego with a Master’s Degree in Business Administration, he’s uniquely qualified to help Californians achieve their real estate financing goals.

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