Fixed Rate Mortgages on San
Diego Real Estate
Fixed-rate mortgages
- there are several different types to choose from. They
include:
30-Year Fixed-Rate Mortgages
Of all fixed-rate mortgages, the 30-year option offers the
lowest monthly payments. That's because the loan matures
over a longer period of time. If you think interest rates
are likely to rise over the long term, this is a good option.
Also, the low payments could help you qualify for a more
expensive home.
15-Year Fixed-Rate Mortgage
With a 15-year option, you own your home in half the time
by paying more each month. In return for higher monthly
payments, you acquire equity faster and end up paying substantially
less interest over the life of the loan.
Affordable Programs
For first time buyers there are several affordable mortgage
programs with down payments as low as 3%, and even Zero
down and flexible qualifying guidelines.
If you are buying or refinancing
a San Diego home:
Step (1) Organize
your Documents if buying or refinancing your home or
San Diego Condo:
-
If you are salaried:
provide two years W-2 and one month of pay stubs OR
if you are self-employed: provide two years tax returns
and a YTD profit and loss statement.
-
If you own rental property,
please provide rental agreements and two years tax returns.
-
If you wish to speed
up the approval process, please also provide three months
bank statements for each bank, stock and mutual fund
account.
-
Provide recent copies
of any stock brokerage or IRA/401K accounts that you
may have.
-
If you are requesting
a cash out refinance please provide a letter explaining
what you plan to do with the proceeds. Provide a copy
of divorce decree if applicable.
If you are NOT a US citizen, provide us with a copy of your
green card (front & back), or if you are NOT a permanent
resident provide us with your H-1 or L-1 visa.
Step (2) Get Pre-Qualified
& Save Time & Money:
-
When buying
a San Diego
home we recommend that you get pre-qualified or
pre-approved.
-
This will help you:
-
Find out the
maximum house you can buy, so you don't waste
time looking for properties you
can not afford.
-
Puts you in a
stronger position when you are negotiating with
the seller, because the seller knows that your
loan is already approved. Especially in
this Extremely hot San Diego Real Estate Market
.
-
Helps you close
quickly, since your loan is already approved.
Step (3):
We will help you shop
for a loan that best fits your specific needs! We
provide our clients with a mortgage to fit their needs.
With over
100 lenders in our network you are assured that we will
find a loan program that best fits your needs!
With over 50 years of combined experience
in the San Diego
Real Estate Market we are committed to your success.
FREE
SAN DIEGO REAL ESTATE CONSULTATION!
Thank you for the opportunity to be of service!
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