CALL 818-735-5924 • NMLS #236429 • CA-DRE #01130048

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Mike has over 20 years of experience as a top Producing Loan Officer and Team Builder. He was named one of the top 200 loan originators in the United States for three years in a row (2000-2002) by Loan Originator Magazine, as well as one of the top 100 loan originators for an additional two years (2003-2004). Mike’s goals are to provide his clients with the ability to meet their financial vision.

“My job really begins when the client’s first loan closes with me,” Mike reveals. “I’m not here to be a provider of debt for one-time transactions. I assist my customers in managing that debt and continually watch the market and provide updates to my clients with easy-to-read spreadsheets. I always let them know when it is in their best interest to refinance and save money. I choose to take the approach of a consultant with all of my clientele.”

Mike resides in Westlake Village, CA, with his three lovely daughters. Mike and his oldest daughter like to volunteer; through the MEND organization, they adopt 1-2 families every holiday season. They like to see how much joy they bring to families in need — especially the children. During his spare time, Mike likes to coach soccer for his two younger daughters’ AYSO teams, and when he has a little time for himself, Mike likes to golf.

Contact Mike for financing residential properties.

Client Reviews

Mike has done several large and small loans for me over the past few years, he has always proven to be a tremendous and creative resource, providing invaluable advice and highly competitive rates. I wouldn't use anyone else for my loan needs and I would highly recommend using Mike for whatever loan needs you have.
Mike and his office staff, especially Claudia are the best for getting a mortgage and refinancing. You cannot go wrong working with the wonderful group of folks.
As always, Mike and Team are the best! I don't know how many loans we have done over the past 20+ years - at least a dozen - and they are always great!

The Latest News

Managing Your Mortgage During Major Life Changes
September 17, 2024
Life is full of significant transitions, and major life events such as divorce, inheritance, or starting a business can deeply affect your financial landscape, including your mortgage. Understanding how these changes impact your mortgage options and financial planning can help you make informed decisions and manage your home loan effectively.
What’s Ahead For Mortgage Rates This Week – September 16th, 2024
September 16, 2024
The week for the Federal Reserve's rate decision has finally come. This is the week everyone has been waiting which will decide whether we will see any rate cuts this year. There has been a lot of speculation that this will be the first rate cut and likely more in the future. With the Federal Reserve giving hints the data has been on track, the outcome of one seems very likely. With the previous week's CPI and PPI statistics coming in, which both were slightly warmer than expected, the data still largely shows that inflation has been kept under control. This may affect the decision, but ultimately throughout the year, the data has been consistent with few surprises. The week rounded out with the Consumer Sentiment data reports showing favorable results, indicating that the current state of the economy is in a neutral position in the eyes of the average consumer.
Understanding Cross-Collateralization in Mortgage Lending
September 13, 2024
In the world of mortgage lending, borrowers may come across a variety of terms and concepts that can be confusing. One such concept is cross-collateralization. While not as common as traditional single-property mortgages, cross-collateralization can be a powerful financial tool in certain situations. However, it also comes with unique risks that borrowers should understand. This article will explain what cross-collateralization is, how it works, and when it might be used in mortgage lending.

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Mike Pfefferman

First Rate Financial Group

CALL 818-735-5924
NMLS #236429 • CA-DRE #01130048