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Rick Brause

Vice President of Mortgage Lending
3596 Broad St, Ste 106, San Luis Obispo, CA 93401
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NMLS: 220951
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About Rick

Rick has been one of the top loan officers on the Scenic Coast since 1998. He had a great desire to get into mortgage financing after being involved in many business enterprises. He has owned and managed businesses such as restaurants, retail stores, and a construction company. He is highly regarded on the Scenic Coast for his professionalism, integrity and responsiveness. What sets him apart from most other bankers is taking the time to listen. He has become a confidant and advisor to most of his clients. Many who return again and again. As well as referring their friends, family, and co-workers so Rick can help with their financing needs. Rick doesn't think of himself as a sales person, rather as a service person. If Rick can't help you, he will refer you to someone who can. He is always there to help. Rick with his wife Linda (43 years) moved to the central coast in the late 70's. They raised their two sons and Rick's daughter with strong family values. Those are still in place today. Rick's hobbies include tending several Bonsai trees, which he says teaches him patience (always much needed in the mortgage world). Rick also enjoys swimming, snorkeling in the tropics, fishing, and loving up the eight grandkids.

Rick interview Q&A

Who is your typical customer and what questions do they typically have?
I deal with a lot of first time buyers. They usually have lots of questions. Most are generated out of fear. I take the time to listen to their needs and want list. After finding out what they want to accomplish. I Analyze their income, assets, and run credit to see where they stand. With all the programs available at Guaranteed Rate. There's usually one that best suits their needs. If not, I take the time to educate the borrowers. I'll lay out the steps they need to take, to put themselves into the proper position, to purchase a home. I also do a lot of refinance transactions. Nothing makes me feel better than paying off a mortgage, and revolving credit debt. When I can reduce the monthly debt load by hundreds of dollars, sometimes over a thousand. That family is going to have a much easier time getting through the month. It really makes me feel like I'm doing my part to make this a better world. It might be one customer at a time. But it does make a difference.
What advice would you give new or first time home buyers?
For younger buyers, I say, buy as much house as you can possibly afford. The mortgage system today won't bury a borrower in debt. With the passing of time, most young borrowers are going to have increases to their income. The mortgage payment will be easier and easier to make as time passes.
What can borrowers do to insure a smooth mortgage underwriting process?
Stay in touch. We can only go your speed. If you respond to your messages, and emails every day. You should have a smooth transaction.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Most of my spare time is spent tending my bonsai trees. I also like to fish, swim, snorkel, or just being around water makes me feel good. But most of all, I like playing with the grandkids. We have eight and feel truly blessed they are all healthy and happy.
Tell us something that makes you unique or something wacky, yet interesting about you?
I take ownership of my position. We all have teams of some sort that help us get loans through the system. I take responsibility for my team. I'm always available if need be to answer questions and make sure the client is happy. The buck stops with me.

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