Hi! I'm Eric...
Your Mortgage Consultant!
Committed to giving you all the support and guidance you need to find the right mortgage options for you and your family.
Eric Otfinoski
Mortgage Consultant
NMLS: 254462
Eric Otfinoski (NMLSR# 254462) is a seasoned Mortgage Loan Consultant with over 25 years of experience in the mortgage industry. He is an expert in loan products ranging from Conventional, High Balance, VA, FHA, Down Payment Assistance, Jumbo, and outside of the box alternative programs. His success lies not only in his expertise on products, but his understanding that home financing is typically the largest investments in one’s life so he will be with you every step of the way through the entire process.
Eric possesses a Bachelor of BA with a major in finance and minor in accounting from the University of Connecticut. This technical background helps with even the most complex financials, but it’s his communication skills that really sets him apart – he has the ability to explain, and help clients navigate, any mortgage transaction in simple, understandable language.
Eric currently lives in Los Angeles, but is a native of Connecticut and also lived in San Diego for 25 years. His passion for animals has led him to work with homeless animals in the Los Angeles area.
Home financing tailored to meet your needs
We have a full suite of mortgage programs to meet your needs and give you a competitive edge:
-
01Fixed & adjustable rate mortgages
-
02Federal Housing administration loans (FHA)
-
03Veterans affairs loans (VA)
-
04Renovation financing
-
05Jumbo loans
Where can we help you thrive?
Are you looking to buy your first home? Need help managing your mortgage payment?
Trying to figure out how to afford that renovation? Whatever you situation is, we've got the answers.
Select a module
Know Your Monthly Mortgage Payment
Justin Messer
President and CEO
"Our mission is to provide financing solutions that positively impact lives and make a difference in the communities where we lend."
4.98 of 5.00
Our average client rating. YTD 12/2021 on experience.com
Explore the local area. Find restaurants, delivery, movers, and more...
-
Bay Cities Italian Deli
5466 reviews
Tl;dr: Good beach sandwiches, cash or debit card only, expect a long line on weekends, can order ahead online (pay in person) We ordered ahead online and...
Read more on Yelp+1 (310) 395-82791517 Lincoln Blvd, Santa Monica, CA 90401
Massilia
717 reviews
The hubby and I have been to Massilia several times and it's always been a great experience. Great service, delicious foods/drinks and the perfect...
Read more on Yelp+1 (310) 319-19951445 4th St, Santa Monica, CA 90401
The Hive
675 reviews
A very small and cute coffee shop near the beach (ish). Loved the bee-themed and artsy/hipster inside. I got a lavender coffee drink and it was delicious....
Read more on Yelp+1 (310) 899-6298606 Broadway, Santa Monica, CA 90401
-
1212 Santa Monica
2223 reviews
Really good food and perfect for happy hour. Our server, Aloha, was amazing! She was super helpful with recommendations and very sweet. Definitely coming...
Read more on Yelp+1 (310) 576-99961212 3rd St Promenade, Santa Monica, CA 90401
Sol Agave - Santa Monica
232 reviews
A great Mexican restaurant walking distance from the pier. We had a spicy fish ceviche, the pork and beef fajitas. Food was outstanding! Their wine...
Read more on Yelp+1 (424) 238-80761733 Ocean Ave, Ste 130, Santa Monica, CA 90401
FIG Restaurant
1172 reviews
It was great! We had pure reservation at 5:30p and got seated right away. So pretty inside with plants. Happy Hour between 5-6p and not only drinks and food...
Read more on Yelp+1 (310) 319-3111101 Wilshire Boulevard, Santa Monica, CA 90401
-
Third Street Promenade
966 reviews
This was an amazing place to tour! Atlantic city to the Nth degree! The pier was worth all of this experience. Food trucks galore. Great pictures. Fantastic...
Read more on Yelp+1 (877) 265-74171351 3rd St Promenade, Ste 201, Santa Monica, CA 90401
Santa Monica Place
438 reviews
Nice place to visit after or before the beach. It is like a small mall yet it has almost everything you would need. We usually stop by here for a break to...
Read more on Yelp+1 (310) 260-8333395 Santa Monica Pl, Santa Monica, CA 90401
Abbot Kinney Flea Market
23 reviews
I absolutely love the Abbot Kinney Flea Market! Their are so many amazing finds here! It's made up of a bunch of local vendors who sell beautiful clothes,...
Read more on Yelp+1 (818) 486-21111219 Abbot Kinney Blvd, Los Angeles, CA 90291
-
Dreamscape
287 reviews
It was a great experience and a lot of laughs and had a great employee help us named Simon he's super funny and nice.
Read more on Yelp+1 (424) 603-294810250 Santa Monica Blvd, Fl 2, Los Angeles, CA 90067
WE Drive-Ins
21 reviews
The last time I went to a drive-in movie was several years ago. So this was a real treat!!! We watched Godzilla vs Kong. The $60 tickets (for 2-6 people)...
Read more on Yelp+1 (424) 272-5055302 Colorado Ave, Santa Monica, CA 90401
Santa Monica Pier
2114 reviews
This is a cool pier to hangout at. We decided to visit this place during our trip so we went here on a Monday around 6:40pm recently. There were a lot of...
Read more on Yelp+1 (310) 458-8901200 Santa Monica Pier, Ste A, Santa Monica, CA 90401
I'm here to answer all
your mortgage questions
-
Do I need to save for a 20% down payment?
No! With FHA loans you can get approved for as little as 3.5% down, VA and USDA loans can offer you $0-down options, and with Private Mortgage Insurance (PMI) you can get into your new home with less than a 20% down payment. Whatever your situation, you have options.
-
Are Pre-Qualification and Pre-Approval the same thing?
No. Pre-qualification and pre-approval are two different things. Pre-qualification means that a mortgage lender has reviewed your financial records and believes you will qualify for a loan. A pre-approval is a conditional committment from a lender that they will lend you the money for a mortgage.
-
What's the difference between an adjustable and a fixed rate mortgage?
A fixed rate mortgage means that the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down after a certain amount of time. Many adjustable rate mortgages will start at a lower interest rate than fixed rate mortgages.
-
What is Private Mortgage Insurance (PMI)?
Private Mortgage Insurance (PMI) is a type of insurance you may be required to pay if you are taking out a conventional mortgage with a downpayment that is less than 20% of the home's overall value. If you refinance your home with a conventional loan and your equity is less than 20% of the home's value, you may also be required to pay PMI. Private Mortgage Insurance protects the lender in the event that you stop making payments on your loan.
-
Can I access my home equity before I finish paying off my loan?
Yes! Your mortgage advisor can help you find the right refinance and reverse mortgage options to help you access your home equity before you've finished paying off your loan. This can help with covering the cost of remodels, college tuition, long-term care plans, and more! Talk to your mortgage advisor to find out how you can access your home equity to cover any of your life's needs.
-
What do I do if I can't afford my mortgage payment anymore?
The first thing you should do in the event that you can't afford your mortgage payements anymore is reach out to your lender. An experienced mortgage advisor can help you find options, such as refinancing or restructuring your loan, to help you keep up with your payments. Always reach out to your lender to ensure that you can keep up with your payments and stay in your home.
Take a look
inside our world
Looking at how we do business at Prosperity Home Loans Mortgage is as simple as a conversation. Are you ready to step inside?
Eric Otfinoski
Mortgage Consultant
NMLS: 254462