Builders Funding Corp

Builders Funding Corp Real Estate loans for home purchase and refinance. Builders Funding Corp is your trusted mortgage advisors for over 37 years.

We specialize in financing new home loans for purchase and refinance. We are not paid unless your loan is APPROVED and we do not work banker's hours! We want to be your financial sub-contractor! Our loan officers are available 7 days a week!

03/07/2026

The Homebuyers Privacy Protection Act is the law of the land.
Effective March 5, 2026, consumer reporting agencies are prohibited from selling mortgage data to creditors who have no existing relationship with the borrower. The unsolicited calls. The flood of texts within hours of ordering a credit report. The confusion and mistrust it created for homebuyers, is over.

From the first legislative efforts back in 2018 to President Trump’s signature on September 5, 2025 — National Association of Mortgage Brokers members, leaders, and advocates fought for seven years to make this happen. It was not unusual for borrowers to receive more than 100 misleading calls or texts within the first 24 hours of applying for a mortgage. That is now illegal under federal law.

02/10/2026

Will Mortgage Rates Fall Thanks to a New Fed Chair?
With the announcement that Trump nominated Kevin Warsh to be the new Fed Chair, there's a lot of misinformation and speculation making the rounds regarding the potential impact on mortgage rates.

Who is Warsh and why do people think he could be good for rates?
Frankly, it doesn't matter who Warsh is. The core question is whether a rate-friendly Fed Chair will be good for rates.

Would mortgage rates benefit from additional Fed rate cuts?
No. A Fed rate cut, in and of itself, does nothing to help longer term rates like mortgages. By the time the Fed cuts, the factors supporting that cut have long since been traded into the bonds that underlie longer term rates. This is why there's typically broad correlation between the Fed Funds Rate and long term rates despite stark examples of counterintuitive movement by the time the Fed actually cuts.

Why does everyone talk like Fed rate cuts would help mortgage rates?
Because they are wrong. In late 2024 when mortgage rates hit long-term lows on Tuesday, September 17th--a day before the Fed cut rates for the first time in years. Mortgage rates vaulted appreciably higher over the next several months, even as the Fed continued cutting rates.

12/25/2024

'Twas the night before Christmas when all through the States,
The market was slower, homebuyers wary of rates.
Santa Powell made an announcement along with The Fed,
With a 25BPS cut that had been dancing in his head.

Then out in wall street arose such a clatter,
And loan officers asked what could be the matter?
Away to the news sites they flew with comport,
And opened their blogs to report.

With a little Q&A, so lively and quick,
Mr. Powell played a nasty commentary trick.
More rapid than eagles the markets they flew,
Our prospects for cuts next year were now down to two.

“Now PCE! Now CPI! Now inflation go to 2,
Now jobs, now ADP! Now unemployment's 4.2.”
Two rate cuts for 2025 the elves on wall street now guess,
For 50 BPS total, making bonds all a mess.

Those refis were a dream, woken with a pinch,
J Pow took off his Santa hat. He was really the Grinch!

Happy holidays to everyone !

12/04/2024

There are more expenses when purchasing a home than the down payment. On a national average, home buyers spend the following amounts on repairs and renovations ($13,498), furniture, fixtures, and appliances ($6,446), closing costs ($4,754), miscellaneous move in costs ($3,943), moving costs ($2,670), and private mortgage insurance ($387 annually).

The Fed finally cut rates! At their September meeting, the Board voted to slash policy rates by 0.50% and projected more...
09/18/2024

The Fed finally cut rates! At their September meeting, the Board voted to slash policy rates by 0.50% and projected more cuts to come this year. The Fed doesn't control mortgage rates directly, but rates had already fallen in anticipation. There may be advantages to making your move now rather than waiting on the Fed to act again. If you want to discuss good timing for your situation, please reach out. Builders Funding Corp is an Equal Housing Lender.

We may not get as many rate cuts as we'd hoped this year! The Federal Reserve Board left policy rates unchanged at their...
06/13/2024

We may not get as many rate cuts as we'd hoped this year! The Federal Reserve Board left policy rates unchanged at their June meeting and adjusted their projected rate cuts to just one this year, down from three projected in March. If you're waiting to make a move, rising prices may offset the lower rates you could get later. Let's talk to see what might be right for your scenario. Builders Funding Corp is an Equal Housing Lender.

Wondering what the recent NAR settlement could mean for you? The National Association of Realtors recently reached a set...
03/30/2024

Wondering what the recent NAR settlement could mean for you? The National Association of Realtors recently reached a settlement regarding agent commissions and listings. Once finalized by the courts, the results could give you more negotiating power as either a seller or a buyer. If you have questions about how the settlement could impact your plans, please reach out. I'll be happy to help. Builders Funding Corp is an Equal Housing Lender.

03/12/2024

A lawyer, who had a wife and 12 children, needed to move because his rental agreement was terminated by the owner, who wanted to reoccupy the home.

When he said he had 12 children, no one would rent a home to him because they felt that the children would destroy the place.

So he sent his wife for a walk to the cemetery with 11 of their kids.
He took the remaining one with him to see rental homes with the real estate agent.

He loved one of the homes and the price was right. The agent asked, "How many children do you have?"
He answered, "Twelve."

The agent asked, "Where are the others?"

The lawyer, with his best courtroom sad look, answered, "They're in the cemetery with their mother."

MORAL: It's not necessary to lie; one has only to choose the right words. And don't forget, most politicians are lawyers!

02/21/2024

When you are buying a house, be sure to do it with a significant other, and make sure that one of you has good credit. That is why it is called "SIGN-IF-I-CANT" !!

2023 was a year of rising rates and few listings. No one can say for sure, but it seems that 2024 may bring rate relief ...
01/11/2024

2023 was a year of rising rates and few listings. No one can say for sure, but it seems that 2024 may bring rate relief and more homes coming to market. Owners may benefit from refinancing, and buyers who act before everyone else may beat the price increases that lower rates may cause. If you'd like to make a move, I'll be happy to help. Builders Funding Corp is an Equal Housing Lender.

The Fed left policy rates unchanged again at their December meeting. Mortgage rates had already fallen in anticipation. ...
12/14/2023

The Fed left policy rates unchanged again at their December meeting. Mortgage rates had already fallen in anticipation. Officials project inflation will come down faster than previously thought and predict up to three rate cuts next year. If you are ready to make a move now, there's no need to wait. We have programs that can work in the framework of today's market and prepare you for the future. Please let me know if I can help.

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3525 Del Mar Heights Road
San Diego, CA
92130

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Monday 9am - 9pm
Tuesday 9am - 9pm
Wednesday 9am - 9pm
Thursday 9am - 9pm
Friday 9am - 9pm
Saturday 9am - 9pm
Sunday 9am - 9pm

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