Whether you are an experienced buyer or searching for your first property, you may have come across a unique term, one that is becoming more and more popular in the mortgage industry. “Lock and shop” is gaining traction as a loan strategy,…
Mortgages supported by the Department of Veterans Affairs, commonly called “VA loans,” are some of the most beneficial for homebuyers. They have fairly light qualification standards, and they are easily one of, if not the, most affordable mortgages when it come to…
With one of the nation’s largest concentrations of active-duty service members and veterans, San Diego is a military town. Many sailors, soldiers, Marines, and Guard members are stationed in our city. A fair portion, seeing how great it is to live in…
If you have bought or sold a home in the past two years; if you payed any attention to the local and national real estate markets, you know that home prices are rising. To help people purchase safe, comfortable, quality housing while…
San Diego is a red-hot market. Homes sell fast, often purchased at totals well above the asking price. Buyers, especially recently, often feel frustration when trying to purchase a San Diego property; they either can’t afford a home in the area or…
This article will help you understand the basic tax implications of giving a downpayment gift.
For many people, the downpayment is a significant barrier to homeownership. For most mortgages, you need roughly 5% to 10% of the purchase price to secure the loan.…
The VA loan is one of the best mortgage options in the industry. While it’s only available to qualifying veterans, VA loan approval allows future homeowners to make the purchase with easier qualification requirements and a low downpayment. Compared to other loans,…
When considering a conventional loan in San Diego, you should understand this form of financing, including the advantages and disadvantages for these mortgages. This article will explain what a conventional loan is and how it is different from other types of mortgages.…
If you're an American veteran with an existing VA loan, you may be able to take advantage of lower interest rates and reduced monthly payments through a handy program officially called the Interest Rate Reduction Refinance Loan (IRRRL). A more common…
While some mortgages are available with 0% down, the vast majority of home loans require at least a small amount. Exactly how much cash you need depends on the loan, the purchase price, and personal factors. Most people, however, will need to…
Can you use a VA loan for a multiunit property? Yes, but there are certain conditions you need to meet.
VA loans can be extremely useful for qualifying veterans. Providing simplified access to high-quality mortgages, VA loans can be utilized…