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Saturday, 04 July 2009
| San Diego Mortgage Group's Purchase PowerWhen it comes to buying a home, money talks. You need to know how much you can afford to spend, and you need realtors and sellers to recognize you're ready to spend it. San Diego Mortgage Group's Purchase Power helps on both counts. San Diego Mortgage Group's Purchase Power is a Pre-Approval Certificate that states how... + Full Story |
VA Loan
Minifp - VA
| The Veteran's Administration The Veterans Administration (VA) insures the mortgage loan for the lender. A common myth about VA financing is that the veteran is guaranteed to get the loan. The veteran must still qualify for the loan amount that is applied for; however, the qualifying guidelines are the most liberal in the industry. The veteran can also use their VA eligibility... + Full Story |
FHA Loan
Minifp - FHA
| The Federal Housing Administration The Federal Housing Administration (FHA) & Housing and Urban Development (HUD) are government agencies that exist to help promote home ownership in the United States. San Diego Mortgage Group endorses and promotes the advantages of FHA mortgages. For example, your entire down payment and closing costs can be a gift. Larger seller ... + Full Story |
Mortgage Calculator
Closing Costs
User22
Total Mortgage Fees $900.00 to $1600.00
Escrow Fees $500.00 to $1500.00 Depends on Sale Price
Title Insurance $300.00 to $800.00 Depends on Sale Price
Sub Escrow Fee $75.00 to $150.00
Recording $40.00 to $80.00
Tie In/Notary $40.00 to $125.00
Points
User23
Points are fees that are charged by a lender in order to reduce the interest rate on your loan (1 point = 1% of the loan amount, 2 points = 2% of the loan amount etc.) Typically, buyers compare the difference in the monthly payment and divide the dollar cost of the points to reach a break even point. Points may also be used to buy out a prepayment penalty, when applicable, giving the borrower the freedom to refinance as interest rates decrease.
Points are tax deductible in the year in which they are paid or they are prorated for refinance transactions. For further information, consult with your tax advisor.
Prepaids
User24
An impound account can be established at the time of closing. An estimate of funds required for this account would include the following:
Property Taxes - Anywhere from two to ten months of the annual tax bill
Hazard Insurance - One full year premium plus two months
Mortgage Insurance (MI) - (If Required) One month of an annual premium
Daily Interest - Typically calculated at 15 days for a mid-month closing
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Financial and Estate Planning
San Diego Mortgage Group provides our clients access to an entire range of services, including personal consultations with experienced professionals in the estate planning, trust creation, Read more...Home Inspection
Home inspections provide buyers with an independent professional inspection of the subject property. At the conclusion of the inspection, a complete report is generated detailing the current condition of the property's electrical, plumbing, foundation Read More...Legal Services
Unfortunately, with accumulation of assets and wealth comes risk. San Diego Mortgage Group recommends consultation with experienced council to insure the proper structure is in place for protection of these assets. Professionally executed Wills Read More...Appraisal Services
What's an Appraisal?
Because much private, corporate, and public wealth lies in real estate, the determination of it's value is essential to the economic well being of society. It is the job of the Read More...