Condos, Lofts and Penthouses for Sale
By Mike in Mortgages with 0 Comments
If you’re considering buying a condo in downtown San Diego, you probably already know it can be a much more convenient choice than a single-family property. What this means is that you’ll have to make peace with several extra challenges along the way when it comes to qualifying for a mortgage. Condo loan requirements are Continue…
By Mike in Mortgages with 0 Comments
As of March 2019, the downtown San Diego condo market was still trying to adjust to ongoing economic conditions. Sales activity has come down by a couple of notches, but prices have bounced back from slightly lower levels in January. Real estate analysts believe prospective condo buyers are still very interested in the downtown districts, Continue…
By Mike in Mortgages with 0 Comments
When shopping for a condo for sale in downtown San Diego, fixed-rate mortgages are often one of the best options. This type of mortgage has a fixed interest rate throughout the entire period of the loan, so it’s a little different from variable and adjustable mortgages. Though qualifying for a fixed-rate mortgage can be a Continue…
Over the last couple of years, many prospective buyers of condos in downtown San Diego came up short of sitting down at the closing table because the sellers’ market lasted longer than expected. In 2019, things are looking better for house hunters. According to a late January report published by the National Association of Realtors, Continue…
By Mike in Mortgages with 0 Comments
For military veterans looking for penthouses, condos, or lofts in downtown San Diego, a VA home loan is often considered the best mortgage program available. It offers features that are difficult or even impossible to find with other mortgage options, including 100 percent financing, no requirement for private mortgage insurance, and a higher allowable debt-to-income Continue…
By Mike in Mortgages with 0 Comments
Loans made through the Federal Housing Administration (FHA) program were subject to political wrangling and news media scrutiny last year, particularly as they apply to attached properties such as condominium units, lofts, and homes that have been converted into multifamily dwellings. In 2018, the National Association of Realtors (NAR) lobbied Congress to put pressure on Continue…
When you first start looking into financing a real estate purchase, you’ll quickly learn your credit score makes a huge difference. This three-digit number is essentially a calculation of how likely you are to repay a loan. Even if you’ve never checked your score before, it still exists and can either help or harm you Continue…
By Mike in Mortgages with 0 Comments
Depending on the mortgage loan you have, you may still have quite a few years’ worth of mortgage payments left. For these long-term loans, you’ll end up paying a large amount of interest in addition to the amount you were loaned. However, if you plan on saving and purchasing real estate in downtown San Diego, Continue…
Losing your job could throw your entire life into disarray. If you have a mortgage to pay on a downtown San Diego condo, loft, or penthouse, your situation may seem even more frightening as you face losing your home and serious damage to your credit. However, the situation is far from hopeless. There are many Continue…
By Mike in Mortgages with 0 Comments
A growing number of people have student debt that can take many years to clear away. While you are continuing to pay off your student debt, life is still going on, and you may end up wanting to buy downtown San Diego real estate during this time. However, it can be tricky to get a Continue…
By Mike in Mortgages with 0 Comments
FHA loans can be good financing options for homebuyers interested in acquiring condos, penthouses, or lofts in downtown San Diego. As of April 2018, the maximum FHA loan amount for properties in San Diego County was just below $650K, which is higher than the median home price in this regional market. There are pros and Continue…
By Mike in Mortgages with 0 Comments
When it comes to getting a mortgage, there is usually going to be more than just the amount you pay back to the bank on the bill each month. Here are some of the basic components of an average mortgage payment if you’re purchasing Cortez Hill San Diego real estate. Principal This is the actual Continue…
By Mike in Mortgages with 0 Comments
If you’re planning to purchase real estate for sale in Core San Diego, it’s important to understand the different types of loans available to you. Many potential home buyers are eligible for something called an FHA loan. If you are unfamiliar with this type of loan, this article provides the basic important information you need Continue…
By Mike in Mortgages with 0 Comments
If you own real estate in Little Italy San Diego and are considering taking out a reverse mortgage to increase your retirement income, there are several advantages and drawbacks to consider first. Take a look at these pros and cons before you decide whether or not a reverse mortgage is right for you. Pro: You Stay Continue…
By Mike in Mortgages with 0 Comments
If you’re interested in purchasing one of the amazing lofts, penthouses, or condos Gaslamp Quarter currently has to offer, you’ll first need to qualify for a home loan. Though there are many qualifications for potential homebuyers, these are some of the most crucial. Good Credit Experian, TransUnion, and Equifax are the leading credit history companies, Continue…
By Mike in Mortgages with 0 Comments
If you’re looking at real estate for sale in Core San Diego and thinking about buying, there are two main financial paths you can take to purchase a home. Paying with all cash and financing through a mortgage both have their advantages and disadvantages, and the downtown San Diego real estate experts at 92101 Urban Continue…
By Mike in Mortgages with 0 Comments
If you are currently in the market for East Village San Diego real estate, you may have heard about something called an earnest money deposit. Especially if you are a first-time buyer, it’s possible you have no idea what this type of deposit entails. The friendly agents at 92101 Urban Living are here to clarify Continue…
Though your relationship status won’t determine whether or not you are able to get a mortgage, your status can influence the factors lenders consider when deciding whether or not to approve someone. If you’re looking for real estate for sale in downtown San Diego, keep in mind the ways your relationship, or lack thereof, can come Continue…
By Mike in Mortgages with 0 Comments
Special thanks to our friends Alexandra Harbushka and Bill Gaylord over at the Gaylord-Hansen mortgage team of Caliber Home Loans for their latest update on mortgage rates. On top of their weekly mortgage rate wrap-up, Alexandra and Bill also cover their upcoming “Shoe Giveaway” event, scheduled for Friday, October 17th. The Gaylord-Hansen mortgage team has been Continue…
Think that you still need 20% for you down payment? Think again. Just after the housing bubble burst, many banks tightened up their lending restrictions. You could pretty much guarantee that to qualify for a new mortgage, you were going to need near perfect credit and part with 20% of the home value as a Continue…