Today, we at Prospect Financial Group are celebrating our biggest fiscal month ever. Upon final tally of closed loans (w/ loan brokerage fees) throughout April – last month at time of writing – April comes out on top!
Prospect’s milestone comes after several months of COVID-19-related downsizing / business closures all across the U.S. We are well prepared for situations like today’s “shelter-in-place” rule, with a streamlined online application and knowledgeable loan officers ready to assist. Prospect’s operations have not slowed, as countless individuals are looking to refinance today with some of the lowest interest rates ever offered.
As we’ve discussed before, rates will likely rise from here. We’ve “hit the floor” if you will, and as the country begins to re-open, the positive news headlines will worsen rates.
Remember: in the mortgage world, bad news tends to lower interest rates, and vice versa. We can expect good news (or better news) in coming weeks, as social distancing guidelines are relaxed. Keep in mind that time is of the essence. You can apply online here to start the process – i.e. locking rates, closing within a few weeks.
Give us a call at 858-605-0952, and we’ll walk you through some options at no-obligation to you. We look forward to assisting you however we can!
Prospect Financial Group
948 Garnet Avenue
San Diego, CA 92109
NMLS: 349089 | BRE: 01837707
Jason Vondrak has been in the mortgage industry since 2004 and co-founded the mortgage brokerage Prospect Financial Group in 2006 in San Diego, California. Today he serves as President and CEO of Prospect Financial Group and the president and founder of Prospect Property Group, a real estate development company, established in 2012.