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Brian Cardenas

Loan Originator |NMLS 183143
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Meet Brian!

Brian began his mortgage career as a mortgage loan officer in 1991 straight out of college. He worked for two large national mortgage banking companies and a large mortgage brokerage before co-founding and serving as President of Antigua Capital Funding from 1999 to 2010. Brian worked for four different mortgage banking companies from 2012 to 2022. Then in 2022, Brian decided that it was time to get back to his roots in the mortgage broker channel and being able to offer more options and the best rates and fees in the industry to help our clients manage their debt and build wealth for their future. To do that, we started Give Mortgage powered by UMortgage. With Give Mortgage we can help people by giving them the best rates, giving them great advice, and we give back to great charities as part of the Give Network (to be launched soon). As a veteran loan officer, Brian has committed himself to listening to his clients and providing them with the financing solution that best serves their needs. By educating his clients on the process and setting the proper expectations, Brian's clients are never subjected to those horror story surprises that so many people have unfortunately had in past with other mortgage companies. Always putting his clients' needs and best interests first is Brian's top priority and what has made his business nearly 100% referral based for the last two plus decades. The only thing that comes ahead of Brian's clients is his family. Brian's son, Evan, has been working with Brian since 2014 and is a Loan Officer on The Cardenas Team. Brian has been married to his wife Dina since 1992 and is a devoted father to his son Evan and daughter Cassandra. Brian's family lives in Cave Creek and enjoys movies, dinners out, the beach, golfing, and going to Suns, Cardinals, and Diamondback games. Brian also supports St. Vincent de Paul the Make a Wish Foundation.

Serving Homebuyers In:

  • Arizona
  • New Mexico

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Housing Market Update | Week of April 28th

Last week, we saw mortgage rates and the 10-year yield come down slightly and show signs of greater stability following two weeks of volatility. The 10-year dropped from 4.4% to 4.2% as the week progressed because of a spike in initial jobless claims and verbalized concerns about a recession by certain Fed Presidents. This week has a surplus of major economic data related to inflation and the labor market. Recently, economic headlines have had more influence on mortgage rates than the actual data. However, some economists and Fed Presidents believe that we could start to see this data worsen, which could heighten worries about the potential for a recession. Last Week's Mortgage Rate Recap Rates Dropped Slightly Mortgage rates dropped slightly last week as the 10-year yield slid from 4.43% to 4.24% in the second half of the week. Hard economic data has been secondary to trade war headlines concerning mortgage rate movements this month. However, Cleveland Fed President Beth Hammack expressed concern that negative sentiment about the U.S. economy could start showing in the hard data as soon as this week. This Week's Mortgage Rate Forecast Rates Could be Volatile After being primarily influenced by economic headlines in April, we have a ton of data coming throughout the week that will be pivotal to mortgage rates in this summer market. See the bullets below for a brief overview of what’s to come this week: Tuesday: Case Shiller Home Price Index; FHFA Home Price Index; Job Openings and Labor Turnover Survey (JOLTS) Wednesday: Q1 2025 GDP; Personal Consumption Expenditures (PCE); ADP Employment Report Thursday: Weekly Initial Jobless Claims Friday: BLS Jobs Report Of the reports listed above, the biggest ones to keep an eye on will be the PCE report & ADP employment report on Wednesday and the BLS jobs report on Friday. The PCE report is the Fed’s favorite inflation index; the report will cover March, so it won’t show the direct impact of tariffs on inflation. However, it could show that inflation continued to drop towards the Fed’s target of 2% before tariffs were enforced. The labor reports will be pivotal. Both the ADP employment report and the BLS jobs report will share labor figures for April, which have been impacted by tariffs. Initial jobless claims rose to 222,000 last week, suggesting that widespread layoffs are starting to show in newly released data. If we start to see the labor market deteriorate, this could speed up the Fed’s decision to act and cut the Fed Funds Rate. In this market, any headline could make the bond market and mortgage rates shift on a near-daily basis. As the week progresses, make sure to stay in touch with your UMortgage Loan Originator for updates after certain reports are released or headlines are published.

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How to Seamlessly Sell Your Current Home and Buy Your Next One

As a homeowner, you've already taken one of the biggest and smartest steps toward building long-term wealth. But what happens when your current home no longer fits your needs? It’s more common than you’d think. In 2024, 76% of homebuyers were already homeowners. When you’ve put together the savings for a down payment and built equity by paying your mortgage every month, buying your next home becomes a lot easier. But even for experienced homeowners, the process of selling and buying at the same time can feel overwhelming. Whether you're upsizing, downsizing, or relocating, this guide will walk you through what actually happens when you sell your home to buy another one—plus the financing solutions that can help you use your existing equity without creating extra financial stress. What Happens to Your Current Mortgage When You Sell Your Home? If your mortgage is paid off by the time you list your home, you get to pocket the profit from the sale after closing costs, repairs, and any buyer contingencies are accounted for. If you still owe a balance on your mortgage, the proceeds from the sale will first go toward paying off your remaining loan. This happens during the closing process, and any remaining profit—also known as your equity—comes back to you. For example, if your home sells for $400,000 and your remaining mortgage balance is $250,000, you’ll walk away with the difference (minus closing costs and agent commissions). That’s nearly $150,000 in potential funds to use toward your next home purchase. If your home sells for less than what you owe (rare in today’s equity-rich market), you may need to bring money to the closing table or work with your lender on a solution. Your UMortgage Loan Originator can walk you through all scenarios so you’re never caught off guard. How to Use Your Current Equity to Move Up into Your Next Home Equity is your secret weapon when it comes to moving into your next home. It's why repeat buyers in 2024 put down a median of 23%—the highest in over two decades. When it’s time to make your next move, the equity in your current home can be used to: Make a down payment on your new home Cover closing costs (on both transactions) Reduce the size of your new mortgage This is especially helpful if you’re moving into a more expensive home. When you have access to funds upfront, you can avoid mortgage insurance, reduce your monthly payments, and potentially secure better loan terms. The key is timing. To unlock your equity, you usually need to sell your current home first or explore financing options that allow you to tap into that equity before the sale closes, which we'll cover next. Programs That Help Existing Homeowners Buy Their Next Home Selling and buying at the same time can feel like a juggling act. Luckily, UMortgage offers several solutions that can make it easier—especially if you want to buy before you sell. HELOC (Home Equity Line of Credit) A HELOC lets you borrow against your home’s equity while you still own it. Think of it like a credit card with a revolving line of credit. You can use the funds as a down payment on your new home, and then pay off the HELOC once your current home sells. This is a great option for homeowners with significant equity who plan to sell shortly after purchasing their new home. Bridge Loan A bridge loan is a short-term loan that “bridges” the gap between buying your new home and selling your current one. It typically uses your existing home as collateral and comes with terms between 6 months and 3 years. Bridge loans are typically used in one of two ways: To make a down payment on your new home: Great if you can’t afford two mortgages at once. To pay off your current mortgage and cover your next down payment: Best for homeowners with a relatively low mortgage balance. Because they come with higher interest rates than traditional mortgages, bridge loans work best for buyers with strong credit and a solid plan to sell quickly. If your home takes longer to sell than expected, you could end up managing two (or more) monthly payments. Home Sale Contingency A home sale contingency allows you to make an offer on a new home that’s dependent on your current home selling first. It protects you financially in case your existing home doesn’t sell in time. Just keep in mind that in a competitive market, sellers may favor buyers without contingencies. Your UMortgage Loan Originator can help you weigh the pros and cons. What to Consider Before You Sell Selling your home to buy a new one is one of the greatest wealth-building benefits of homeownership. But with so many moving parts, it’s important to plan ahead. Here’s where to start: Evaluate Your Equity & Finances Start by estimating how much equity you’ve built. Subtract your remaining mortgage balance from your home’s current value. Not sure what your home is worth today? Your UMortgage Loan Originator can provide a free home value assessment. Next, look at your full financial picture. Review your income, debts, and monthly expenses to determine what kind of mortgage you’ll qualify for on your next home. A mortgage pre-approval can give you clarity and a competitive edge. Set Your Timeline Try to align your sale and purchase timelines to minimize the gap between closings. This helps you avoid the hassle of temporary housing or paying two mortgages at once. A coordinated closing—where you sell and buy on the same day—is possible with the right planning and support team. Prep Your Home for Sale Making your home market-ready is one of the best ways to boost your sale price. Small upgrades like fresh paint, curb appeal improvements, and professional staging can make a big difference. Consider a pre-listing inspection to catch any potential deal-breaking issues early. While it might add to your upfront costs, it can save you time and stress once offers start rolling in. Moving Up Requires the Right Team Moving from one home to another is a big life event—but it’s also a major financial opportunity. The equity you’ve built can be a powerful stepping stone toward your next goal, whether it’s a bigger space, a better location, or a smarter investment. The key is having a plan and the right people in your corner. If you're ready to explore your options and discover what will help you maximize the wealth-building benefits of homeownership, get in touch with your UMortgage Loan Originator. They'll help you run the numbers, set a timeline, and create a plan that fits your needs so you can move up with confidence.

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The CFPB’s Role in the Homebuying Process

How the CFPB impacts homebuyers and how they can protect themselves from financial risks The Consumer Financial Protection Bureau (CFPB) plays a key role in protecting consumers from unfair, deceptive, or abusive financial practices, particularly in the mortgage and homebuying space. However, ongoing discussions about the CFPB’s structure and role have raised questions about what potential changes could mean for homebuyers, real estate agents, and mortgage professionals. Regardless of how the CFPB evolves over the coming months and years, understanding its impact on the mortgage industry and working with trusted professionals remains essential for ensuring a smooth and transparent home financing experience. What is the CFPB? The Consumer Financial Protection Bureau is an independent agency within the Federal Reserve System that enforces consumer protection regulations across the financial sector. Its jurisdiction includes banks, credit unions, debt collectors, mortgage servicers, and other financial institutions operating in the U.S. The CFPB was established in 2011 following the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Congress enacted in response to the 2008 financial crisis. The agency's primary functions include: Writing and enforcing rules to prevent deceptive financial practices Examining financial institutions to ensure compliance with consumer protection laws Monitoring financial markets and trends Collecting and tracking consumer complaints By enforcing regulations, the CFPB helps create a more transparent mortgage process for homebuyers and homeowners alike. Which CFPB Regulations Impact Homeowners and Homebuyers? Following the subprime mortgage crisis, which contributed to the 2008 financial meltdown, the CFPB implemented several key regulations to improve transparency and fairness in the mortgage process. Some of the most impactful changes include: Increased Transparency on Loan Fees & Closing Costs The TILA-RESPA Integrated Disclosure (TRID) rule ensures borrowers receive clear, standardized disclosures about their loan terms and associated costs. The Loan Estimate and Closing Disclosure documents provide detailed breakdowns of fees, allowing homebuyers to make informed decisions before committing to a mortgage. Read this guide on how to interpret your Loan Estimate to better understand the costs that make up your mortgage. Protection Against Discriminatory Lending Practices The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating against borrowers based on race, gender, disability, or other non-financial factors. The CFPB enforces this law to prevent unfair lending practices such as redlining, where certain communities are denied equal access to credit. Take Legal Action Against Consumer Deception The CFPB takes legal action against lenders who engage in deceptive marketing, excessive fees, or unethical lending practices. Over the years, the agency has issued fines against multiple financial institutions for misleading advertising, unfair loan terms, and discriminatory lending. For example, in 2024, the CFPB ordered NewDay USA to pay a $2.25 million civil penalty for misleading cost comparisons that encouraged borrowers—particularly service members and veterans—to take out cash-out refinances, a practice known as loan "churning." Other enforcement actions have targeted mortgage servicers who failed to provide accurate payoff information and lenders who charged illegal junk fees. Ultimately, the CFPB's regulations aim to make the mortgage process less deceptive, more transparent, and more equitable for all eligible homebuyers. Why Homebuyers Shouldn’t Panic Over CFPB Changes Recent changes at the CFPB have fueled speculation within the mortgage industry, but for homebuyers, this is not a cause for alarm. Here’s why: The Mortgage Industry Has Matured The 2007-2008 financial crisis forced the industry to adopt stricter guidelines, licensing requirements, and consumer protections. While the CFPB has played a role in enforcing these regulations, today’s mortgage professionals operate in a fundamentally different landscape—one where transparency and ethical lending are already ingrained in industry standards. The CFPB’s Role Has Shifted Over Time While the CFPB was originally created to correct predatory lending practices, excessive red tape has made the mortgage process unnecessarily complex in some cases. Adjustments to the agency’s structure could help streamline regulations without compromising consumer protections. Why It’s Important to Work With Mortgage Professionals You Trust Regardless of what happens to the CFPB in the coming months or years, homebuyers should prioritize working with mortgage and real estate professionals who act in their best interest. The CFPB has helped enforce transparency, fairness, and ethical lending practices; this level of strict oversight and enforcement has advanced the mortgage industry and its loan originators. Even without the CFPB watching over their shoulders, these standards remain upheld. An experienced LO who values long-term client relationships will take the time to explain mortgage options, closing costs, and potential risks, just as the CFPB’s guidelines encourage. They will provide clear and honest disclosures about loan terms, ensuring that borrowers fully understand their financial commitments before signing. Ultimately, while government regulations provide a safety net, the best protection for homebuyers will always come from working with mortgage and real estate professionals who prioritize their clients’ long-term financial health. If you’re interested in starting your mortgage journey or simply want to learn more about your options, fill out this form or check out our directory to connect with a LO in your area.

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