Mistakes San Diego Home Buyers Make That Increase Their Mortgage Closing Costs
Mistakes San Diego Home Buyers Make That Increase Their Mortgage Closing Costs Mortgage rates have an all-time low this year. However, even though many think this is a good thing – and it is, indeed –, numerous borrowers are faced with a strange phenomenon these days: parallel to the mortgage rates becoming more favorable, mortgage […]
The Dos and Don’ts of Mortgage Credit
It’s no secret that mortgage lending is perceived as tight among borrowers. So if you’re looking to purchase a home, you’ll want to avoid any misconceptions that can impact your ability to qualify for a mortgage. There are plenty of credit myths floating around. According to a recent TransUnion survey, 48% of respondents believed that […]
What Is A Direct Mortgage Lender?
Welcome to the Mortgage Minute with Maureen Martin! I am sometimes asked what the difference is between an FHA direct and non-direct lender. A direct lender is a lender that is able to loan their own funds to close the loan (that doesn’t mean that they will service them, but they will loan their own […]
Are FHA Loan Rates in San Diego County Different?
Oftentimes I am asked if FHA interest rates are different in San Diego County. FHA loan rates in San Diego should be no different than anywhere in the country – although each lender has a different profit margin, which will determine the different rates for the different lenders. The region should not dictate the mortgage […]
Waltz Needs a New Forever Home. Can It Be Yours?
My daily job is to help people get into their new homes. My volunteer job is fostering dogs from http://secondchancedogrescue.org/ while helping them find their forever home. My latest dog in search of his much deserved forever family is: “Waltz” I’ve named him Windell and call him Windy for short, he seems to respond! 🙂 […]
Basics of a Short Sale
Short Sales: The Basics A short sale is when a home is sold for less than the amount owed on the mortgage for the home. This occurs when the bank agrees to take less than the full amount due on the mortgage. A seller does not have to be behind on a home loan to seek a […]
