California home sales had their largest decline since 2014. In Southern California, home sales are off double digits. It is suggesting a softening of prices at the upper end. Looking at the 5 YEAR housing report for San Diego, here’s what stands out as the most significant...
Homebuyers should be advised that a large enough down-payment can reduce monthly costs by avoiding mortgage insurance coverage. Mortgage insurance premiums (MIPs) and private mortgage insurance (PMIs) are exceeding 80% on loan-to-value ratios. Check out the article below for some useful information on this topic. Default...
San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from...
San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What Is a Conforming Loan? A conforming home loan is one that meets, or “conforms” to, certain guidelines set forth by Freddie Mac and Fannie Mae. Freddie and Fannie are...