It happens in lending from time to time. On occasion, rates are so high that they trigger the requirements of a High-Priced Mortgage Loan, also called an “HPML.” In many cases, this means the only solution is to establish an...
If you are involved in real estate investments, you need to understand how income from your property will be taxed.  While the 2018 tax reform law has created some positive changes for real estate investors, questions about taxes remain, including...
In the past, getting a home loan as a foreign national has been difficult. Lenders often have a complicated task when it comes to verifying information provided by non-citizens. For example, in the U.S., we don’t use the same...
Whether you have actively searched for a home or you’re simply considering the prospect of homeownership, you’ve likely come across the subject of a down payment. In fact, you’ve probably heard, by at least some people, that you absolutely...
In late December of 2017, after rounds of negotiations and votes in the U.S. Senate and House, President Trump signed into law the Tax Cuts and Jobs Act, the most significant overhaul of the national tax code in over...
When you work with a dedicated, experienced lender like San Diego Purchase Loans, you give yourself the best possible chance at a quality mortgage for your specific needs. For example, you can work with us to secure up to...
If you ask someone how much money they make in a week (which, we admit, would be extremely rude!) most could give you a specific number. But many people would say, “that depends on the week.” Self-employed and commission-based sales...
Millennials face a unique set of challenges when buying a home. From high amounts of student debt to social pressures to live in the “perfect” home, millennials have plenty of concerns when it comes time to buy property. But...
Virginia uses a settlement agent who is either an attorney or a representative from a title company. This person is used to complete the purchase and prepare all closing documents. When buying a home in Virginia, the buyer...
In a highly competitive seller’s market like San Diego, it can seem impossible to purchase a home. It seems like you have no time to think; if you hesitate, the house will be off the market the next morning. So...