COVID-19 Archives - San Diego Purchase and Refinance Loans

by Chad Baker April 21, 2022

Why Bank Statement Loans are Perfect for Small-Business Owners

It may come as a surprise, but business startups skyrocketed during the pandemic. This makes bank statement loans for small-business owners more important than ever. The COVID-19 pandemic brought countless hardships. Sickness and disease become all too common in America’s cities, suburbs, small…

What You Need to Know About the San Diego Housing Inventory

by Chad Baker October 5, 2021 0Comments

The San Diego housing inventory has a massive impact on the market as a whole. Impacting prices, time on the market, and the overall buying experience, the total supply of housing is felt by buyers, sellers, mortgage professionals, and real estate agents.…

Mortgage Interest Rates Watch: Where are Rates Now, Will they Rise or Fall in Future?

by Chad Baker September 14, 2021 0Comments

If you are purchasing a home and using a mortgage, there are many important factors. While your own financial situation is most important, mortgage interest rates also matter. Mortgage Interest Rates: Where Do We Stand, Where are We Going? …

Refinancing Fees Removed by FHFA: What it Means for U.S. Homebuyers

by Chad Baker August 5, 2021 0Comments

In a move that will make refinancing more affordable, Fannie Mae and Freddie Mac have dropped a fee that was designed to reduce COVID-related losses. With refinancing fees removed, it may be the time to rework your mortgage. Mortgage Refinancing…

Is an Interest-Only Loan the Right Option for You?

by Chad Baker May 18, 2021 0Comments

An interest-only loan is a fairly simple mortgage product. While calculating the financial differences between this option and other mortgage products can be complicated, the loan itself is fairly straightforward. An interest-only loan is a mortgage product that has an…

The San Diego Real Estate Market Remains Strong and Optimistic

by Chad Baker May 6, 2021 0Comments

Home prices and overall sales are on the rise across the country. The West Coast, the state of California, and San Diego real estate itself are all seeing this trend. In some regions, home prices have risen by almost 19% over the…

You Can Refinance a Property That Was in Forbearance!

by Chad Baker March 9, 2021 0Comments

COVID-19 has had a major impact on numerous industries. The real estate and mortgage industry, by comparison to many others, has fared quite well. To be certain, there are people still struggling to make payments and many families are still struggling with…

How Might Mortgages Change in 2021 and Beyond?

by Chad Baker March 4, 2021 0Comments

Mortgages could be changing in the near future, and these changes could impact how homeowners buy and sell their properties. While making accurate predictions about future mortgages is extremely difficult (and often unreliable), we’ll look at current factors to see…

How COVID-19 Has Made Bank Statement Loans More Important Than Ever

by Chad Baker February 9, 2021 0Comments

With a changing work environment, bank statement loans are becoming more important than ever before. People are adjusting how they work, and these changes have made the need for flexible loan approval more common. Using bank statements instead of paystubs,…

With Potential Rises in Home Prices and Interest, It May be Time to Buy

by Chad Baker January 12, 2021 0Comments

Zillow predicts home prices to rise 10.3% in 2021. With a potential increase in interest, now may be the right time for many buyers, especially first-time homeowners. In late December of 2020, Zillow, a home-listings and real-estate information website, released their predictions for…

How a New California Law Impacts Your Forbearance Application

by Chad Baker November 3, 2020 0Comments

In response to the COVID-19 crisis, California lawmakers have passed a variety of rules and regulations. One piece of legislation, called the COVID-19 Small Landlord and Homeowner Relief Act of 2020 , largely addresses eviction that have become prominent between landlords and…

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