Why Rate Shopping Might Be A Bum Steer: Real Lending Insights From Brady Thomas - #72
Fri Feb 06 2026
Ideas for the show or to want just to support us? Send us a text!
The smartest edge in a choppy market isn’t a flashy rate quote, it’s certainty. We sat down with Brady Thomas, owner of LaSalle Mortgage, to map how real buyers win: a fully underwritten pre-approval, a lender who calls the listing agent, and a plan that balances affordability with speed to close. Along the way, we translate rate noise into plain English: the Fed doesn’t set mortgages, the 10-year Treasury and risk spread do, and trust in institutions shapes bond demand. If jobs cool, rates can fall, and housing can heat up, even as the broader economy softens.
We also go deep on ADUs, the East Bay’s favorite form of quiet density. Permitted ADUs with a kitchen, bath, and separate entrance can now count toward qualifying income on homes with up to four total dwelling units. Single-family parcels may support multiple ADUs, and appraisers can use rent surveys so lenders can include 75% of fair market rent. The catch: the ADU must exist and be permitted. Bonus rooms and low-ceiling would-be In-Laws won’t count for rental income, though they can still add appraised value. For financing builds, most owners lean on cash, family help, cash-out refis, or HELOCs; renovation loans exist but come with guardrails because half-finished projects spook lenders.
Brady also previews his new Field Report, a hyperlocal survey of the top Inner East Bay agents that reveals what actually worked in 2025 and where the 2026 market is heading. The throughline is clear: buyers are pickier, preparation matters, and positioning beats passive listing.
Enjoy the conversation, grab the Field Report from the show notes, and if this helped you, share it with a friend. Subscribe for more hyperlocal insights, and leave a review with your biggest question about rates or ADUs, we’ll tackle it all on a future show!
Brady Thomas is a licensed Mortgage Lender NMLS# 396946
Click this link to receive your copy of The Field Report
Follow Brady on Instagram @peptalkmortgage
Declan Spring is a licensed CA REALTOR® DRE#01398898
More
Ideas for the show or to want just to support us? Send us a text! The smartest edge in a choppy market isn’t a flashy rate quote, it’s certainty. We sat down with Brady Thomas, owner of LaSalle Mortgage, to map how real buyers win: a fully underwritten pre-approval, a lender who calls the listing agent, and a plan that balances affordability with speed to close. Along the way, we translate rate noise into plain English: the Fed doesn’t set mortgages, the 10-year Treasury and risk spread do, and trust in institutions shapes bond demand. If jobs cool, rates can fall, and housing can heat up, even as the broader economy softens. We also go deep on ADUs, the East Bay’s favorite form of quiet density. Permitted ADUs with a kitchen, bath, and separate entrance can now count toward qualifying income on homes with up to four total dwelling units. Single-family parcels may support multiple ADUs, and appraisers can use rent surveys so lenders can include 75% of fair market rent. The catch: the ADU must exist and be permitted. Bonus rooms and low-ceiling would-be In-Laws won’t count for rental income, though they can still add appraised value. For financing builds, most owners lean on cash, family help, cash-out refis, or HELOCs; renovation loans exist but come with guardrails because half-finished projects spook lenders. Brady also previews his new Field Report, a hyperlocal survey of the top Inner East Bay agents that reveals what actually worked in 2025 and where the 2026 market is heading. The throughline is clear: buyers are pickier, preparation matters, and positioning beats passive listing. Enjoy the conversation, grab the Field Report from the show notes, and if this helped you, share it with a friend. Subscribe for more hyperlocal insights, and leave a review with your biggest question about rates or ADUs, we’ll tackle it all on a future show! Brady Thomas is a licensed Mortgage Lender NMLS# 396946 Click this link to receive your copy of The Field Report Follow Brady on Instagram @peptalkmortgage Declan Spring is a licensed CA REALTOR® DRE#01398898