Category Archives: Mortgages

How to Find the Best Mortgage Lender

How to Find the Best Mortgage Lender

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,… Read More

Why Should You Choose a Fixed-Rate Mortgage?

Why Should You Choose a Fixed-Rate Mortgage?

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… Read More

Is It Necessary to Put Down 20 Percent to Purchase a Home?

Is It Necessary to Put Down 20 Percent to Purchase a Home?

Over the last couple of years, many prospective buyers of condos in downtown San Diego came up short of sitting down at the closing table because the sellers’ market lasted longer than expected. In 2019, things are looking better for house hunters. According to a late January report published by the National Association of Realtors,… Read More

VA Loan Benefits and Drawbacks

VA Loan Benefits and Drawbacks

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… Read More

Do Condos Qualify for FHA Loans?

Do Condos Qualify for FHA Loans?

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… Read More

4 Ways to Get Rid of Mortgage Debt

4 Ways to Get Rid of Mortgage Debt

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,… Read More

Steps to Take If You Lose Your Job & Have a Mortgage to Pay

Steps to Take If You Lose Your Job & Have a Mortgage to Pay

Losing your job could throw your entire life into disarray. If you have a mortgage to pay on a downtown San Diego condo, loft, or penthouse, your situation may seem even more frightening as you face losing your home and serious damage to your credit. However, the situation is far from hopeless. There are many… Read More

How Can Student Loans Affect Getting a Mortgage?

How Can Student Loans Affect Getting a Mortgage?

A growing number of people have student debt that can take many years to clear away. While you are continuing to pay off your student debt, life is still going on, and you may end up wanting to buy downtown San Diego real estate during this time. However, it can be tricky to get a… Read More

Good & Bad Aspects of Getting an FHA Loan

Good & Bad Aspects of Getting an FHA Loan

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… Read More