Category Archives: Mortgage

October 2017 San Diego Housing Market Report

October 2017 San Diego Housing Market Report

The October 2017 San Diego Housing Market Report is showing strong year-over price increases, and a continued drop in the number of new listings and sales compared to 2016. Despite our lack of inventory, the San Diego County market moved up to number five on the hottest U.S. markets list from realtor.com® for September.

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What’s Your Home Buying Power?

What's Your Home Buying Power?

If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” To answer this question, you must look at more than just the asking price of a home. You need to understand what your total buying power is, and the factors that will affect it.

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April 2017 San Diego County Real Estate Report and Interest Rates

April 2017 San Diego County Real Estate ReportThe San Diego and North County real estate markets remain strong with good appreciation and short market times. Inventory is still at its lowest point since 2004. Despite the lack for homes available to purchase, March saw an increase in the number of homes that went under contract in both markets.

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January 2017 San Diego County Real Estate Report and Interest Rates

January 2017 San Diego County Real Estate ReportInterest rates continued to increase, but the San Diego County and North County markets didn’t seem to care. San Diego edged up to number five on the hottest U.S. markets list from realtor.com® last month.

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December 2016 San Diego County Real Estate Report and Interest Rates

December 2016 San Diego County Real Estate ReportThe Fed hiked interest rates by .25 percent this week and expect continued increases in 2017. With rising interest rates and prices already putting pressure on affordability, what’s in store for the future? Here are predictions from eight real estate experts.

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November 2016 San Diego County Real Estate Report and Interest Rates

November 2016 San Diego County Real Estate ReportNow that the election is finally over, what will Trump’s presidency mean to San Diego County real estate? No one really knows, but The San Diego Union-Tribune published an interesting article today citing higher mortgage interest rates and possible regulation cuts.

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Selecting a Lender

selecting a lenderFinding a mortgage lender for a purchase loan or refinance is not a problem. Selecting someone who will help you find the best loan product for your situation even if it means sending you to another lender, is paramount.

There is a huge advantage to be able to sit across the table from someone you’re doing business with and look them straight in the eye. It’s difficult to make an informed decision based on a website and a phone call.

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C.A.R. 2015 California Housing Market Forecast

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently published its California housing market forecast for 2015. They are predicting something we are already seeing happen in San Diego County – moderate price increases and a return to a more traditional market.

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Reverse Mortgage

reverse mortgageWith all of the encouragement from celebrity spokespersons like Fred Thompson, Robert Wagner and Henry Winkler, there is a growing awareness of reverse mortgages. The fact is that our population is getting older and more than 25 million homeowners meet the age requirement.

A reverse mortgage will allow homeowners age 62 or older currently living in their home to tap into their equity. The amount available is determined by the borrower’s age, the home’s current value and current interest rates. The loan proceeds can be received in a single, lump-sum or periodic payments. The closing costs can be paid in cash or rolled into the loan amount.

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Three Reasons to Choose a 15 Year Loan

3 Reasons to Get a 15 Year LoanFreddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons homebuyers overwhelmingly choose a 30 year term.  However, for those who can afford a higher payment, there are three additional reasons to choose a 15 year term: save interest, build equity and retire the debt sooner.

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