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How Difficult Can It Be to Finance a Condo?

Condos, Lofts and Penthouses for Sale

How Difficult Can It Be to Finance a Condo?

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…

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How to Find the Best Mortgage Lender

By Mike in Mortgages with 0 Comments

Tips for Choosing the Best Mortgage Lender in San Diego

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…

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Why Should You Choose a Fixed-Rate Mortgage?

By Mike in Mortgages with 0 Comments

Advantages of a Fixed-Rate Mortgage in San Diego

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…

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VA Loan Benefits and Drawbacks

By Mike in Mortgages with 0 Comments

Advantages and Disadvantages of VA Loans in San Diego

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…

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Do Condos Qualify for FHA Loans?

By Mike in Mortgages with 0 Comments

Condos and FHA Loans in San Diego

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…

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4 Ways to Get Rid of Mortgage Debt

By Mike in Mortgages with 0 Comments

How to Get Rid of Mortgage Debt in San Diego

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…

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Good & Bad Aspects of Getting an FHA Loan

By Mike in Mortgages with 0 Comments

Advantages & Disadvantages of an FHA Loan in San Diego

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…

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Learn All About FHA Loans

By Mike in Mortgages with 0 Comments

Learning About FHA Loans in San Diego

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…

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What Are the Qualifications for Getting a Home Loan?

By Mike in Mortgages with 0 Comments

Qualifying for Home Loan in San Diego

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…

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All About Earnest Money Deposits

By Mike in Mortgages with 0 Comments

Earnest Money in San Diego

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…

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Rates are “Interest”ing | Mortgage Rate Update

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…

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