Welcome to San Diego's #1 rated real estate and mortgage blog penned exclusively by Scott Taylor and jam packed full of actionable insights about buying and selling real estate, the most creative home loan options, and detailed case studies on how you can buy your next home CHEAPER, sell it for MORE money, and take advantage of little known down payment assistance options (and first time home buyer programs). 

Here's 5 of the most popular real estate and mortgage related articles for 2020 | 2021

Our promise to you is each article and video will be hard hitting and jam packed with "need to know" local San Diego real estate and mortgage information. 

Scott

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Oct. 31, 2020

My 5 Most Asked San Diego Real Estate Questions in November 2020





📌 In this video I want to break down the top 5 questions I have been getting about the San Diego real estate and mortgage markets as we head into October.


📝 As always this is coming from my perspective, as I see it on the ground for clients, looking at mortgage applications, purchase loans, refinance loans, and buying homes. You might agree, disagree, or a little of both. That's okay, we all come from different perspectives depending on where we are coming from in our lives.


📝 If you are finding value from this video, I would really appreciate if you could smash that like button, subscribe to get more hard hitting videos just like this, and tap that notification bell so you know when a new video comes out.


🕵️ Without further ado, let's jump into the 5 most asked questions now... 

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Oct. 31, 2020

San Diego Real Estate Market Statistics for November 2020

Released: San Diego Real Estate Market Statistics 2020 | 2021

Here are the latest San Diego real estate market statistics, always updated in real time, and dating back from January 2004, until the end of last month. 

Please note these graphs are interactive - you can scroll over each graph for more specific numbers. 

From top to bottom you will see:

  • Median Sales Price

  • Median Percent of Original Price

  • Median Market Time

  • Median Active Market Time

  • Months Supply of Inventory Forecast (Pending)

  • Months Supply of Inventory Actual (Closed)

  • Median Price Per Square Foot

  • Number of Active Listings

  • Number of New Listings

  • Number of Pending Sales

  • Number of Sold Listings

  • Total Dollar Volume of Closed Sales

Please note - if these are *not* showing up there are issues with the local MLS showing these stats, sorry.

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Oct. 31, 2020

Urgent: San Diego Mortgage Rate Alert for November 2020


📌 The below was copy and pasted from a recent urgent message I sent to everyone on my email list.


📝 I thought it so important, I wanted to post on my blog as well. 


📝 If you are looking to purchase or refinance in San Diego - I urge you to read this and act now. 


📧 Ask to Be on Scott's Preferred Email List

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Oct. 31, 2020

5 San Diego Mortgage Trends I Am Seeing in November 2020





📝 In this video I want to break down the 5 trends I am seeing right now in the San Diego mortgage markets as of this video - mid July 2020. (Scott's Note: These are even more *real* as I type this in November and shows the trends I am seeing are dead on.)


📝 If you missed it - you can see my San Diego real estate trends here.


📝 I want to be very clear - I call things as I see them from over 20 years doing real estate, loans, and investing, not only in San Diego, but overseas as well. You might agree, disagree, or have different takes. Everyone has a different standpoint depending on different life factors.  


📝 If you are finding value from this video, I would really appreciate if you could smash that like button, subscribe to get more hard hitting videos just like this, and tap that notification bell so you know when a new video comes out.

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Oct. 31, 2020

5 San Diego Real Estate Market Trends I Am Seeing in November 2020





📝 In this video I want to break down the 5 San Diego real estate trends I am seeing on the ground with my clients as I film this in mid-July 2020. (Scott's Note: These are even more *real* as I type this in November and shows the trends I am seeing are dead on.) 


📝 If you missed it - you can see my San Diego mortgage trends here


📝 I want to be very clear - I call things as I see them from over 20 years doing real estate, loans, and investing, not only in San Diego, but overseas as well. You might agree, disagree, or have different takes. Everyone has a different standpoint depending on different life factors.  


📝 If you are finding value from this video, I would really appreciate if you could smash that like button, subscribe to get more hard hitting videos just like this, and tap that notification bell so you know when a new video comes out.

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Oct. 31, 2020

San Diego VA IRRRL Streamline Refinance Mortgage Loans (2020 | 2021 Update)

What is a VA IRRRL streamline refinance?

VA loans are designed primarily for veterans. Since they are a unique loan program, they are guaranteed by the federal government and issued by pre-approved lenders. Within the umbrella of VA loans, the streamline refinance is undoubtedly the most renowned loan type. It is also officially termed by the government as IRRRL (Interest Rate Reduction Refinance Loan).

The definitive characteristic of VA loans is the fact that veterans having qualifying income and credit are able to buy a home without having to make a down-payment on their own, and this makes purchasing a home highly attractive for people who have military experience under their belt. Apart from this, VA loans further provide flexible requirements, extremely competitive rates for mortgage, and no PMI (private mortgage insurance).

To gain qualification for VA loan, one must have already served 90 days in war time, 181 days in peacetime, or 6 or more years with the National Guard or Reserves. If a veteran gave their life or suffered a disability while serving the country, their spouse also qualifies for the loan.

To sum it up, almost all honorably discharged and active duty service personnel is eligible to get a streamline refinance or VA purchase.

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Oct. 31, 2020

San Diego VA IRRRL Streamline Refinance Mortgage Loan Limits (2020 | 2021 Update)

San Diego CA VA IRRRL Streamline Refinance Mortgage Loan Limits

What is a VA IRRRL streamline refinance?

VA loans are designed primarily for veterans. Since they are a unique loan program, they are guaranteed by the federal government and issued by pre-approved lenders. Within the umbrella of VA loans, the streamline refinance is undoubtedly the most renowned loan type. It is also officially termed by the government as IRRRL (Interest Rate Reduction Refinance Loan).

The definitive characteristic of VA loans is the fact that veterans having qualifying income and credit are able to buy a home without having to make a down-payment on their own, and this makes purchasing a home highly attractive for people who have military experience under their belt. Apart from this, VA loans further provide flexible requirements, extremely competitive rates for mortgage, and no PMI (private mortgage insurance).

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Oct. 31, 2020

5 Reasons Kensington San Diego is a Great Place to Live 2020 | 2021

5 Reasons Kensington San Diego is a Great Place to Live 2019 | 2020

Those who are seeking a close community that combines historic craftsman design with modern convenience and a touch of New England flair would love living in Kensington

Kensington is a super convenient San Diego neighborhood. It is bordered by I-15 and I-8 on two sides with Fairmount Avenue and Monroe Street bordering it east and south. It is near City Heights and Normal Heights

The history of Kensington is unique in that its origins begin in 1910 with women landowners. The land was originally part of Rancho Mission land used by the Catholic church for numerous missions in the area. It was eventually parcelled out and sold to various people. Two sisters names Abby (Hall) HItchcock and Mary (Hall) Gleason inherited the land as part of their brother and mother's estate. 

Mrs. Hitchcock's husband was a realtor and his brother was a land use attorney with some prominence in San Diego so they connected a Los Angeles real estate promoter named William Douglas to develop and promote the new planned subdivision. Lots began selling after a newspaper ad was published in November 1910. 

See San Diego's latest housing market stats...

One of the deals the group worked was to persuade the San Diego Electric Railway to extend a trolley line into the new neighborhood before it opened up. The line used a wooden trestle bridge across Ward Canyon. A second bridge was built in 1913 for automobiles. Some of the homes in Kensington date back to the original ones built in 1910 and herald the Craftsman style popular at that time. There are also many Spanish Revival style homes built in the 1920s.

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Oct. 31, 2020

San Diego No Money Down FHA Mortgage Loans (2020 | 2021 Update)

San Diego CA No Money Down FHA Mortgage Loans (2017 Update)

The Federal Housing Administration, or FHA, was formed in 1934 and as an attempt to both bring order in the mortgage universe and help the economy recover from the Great Depression.

Prior to its formation, mortgage lending was more local and regional in nature. A bank could issue a mortgage based upon its own terms with no regard to external guidelines.

There was no secondary mortgage market back then and banks didn’t buy and sell mortgages from one another.

One of the most common requirements was a hefty down payment, as high as 50% in some cases.

(Could you imagine having to put down $250,000 on a $500,000 purchase? Ouch...)

See San Diego's latest housing stats...

The FHA changed all that and issued new guidelines. As long as the bank approved a loan using the standards issued by FHA, the loan would be insured.

If the loan went into default, the bank was compensated for the loss.

The FHA isn’t a lender nor does it approve loans.

Instead, it is more of an insurance company.

Borrowers pay a mortgage insurance premium and in return don’t have to put down 50 percent in order to buy a home.

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Oct. 31, 2020

5 Reasons Why a San Diego VA Mortgage Loan Makes Sense (2020 | 2021 Update)

5 Reasons Why a San Diego VA Mortgage Loan Makes Sense (2018 Update)

If you’ve been looking for a loan that will fit you, then I would suggest that you take a look at the VA loan.  

If these reasons apply to you, then take a look at the specifics of a VA loan, or look at the pros and cons of the loan.

If you would like to see the kind of loan limits that you’ll get if you get a VA loan, then check out our post explaining the limits.

If you find that a VA loan is really the loan for you, then contact me and I’ll help you get started on finding that perfect home in San Diego.

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