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, mortgage updates, and detailed case studies on how you can buy your next home CHEAPER, sell it for MORE money, and take advantage of little known FREE money grants.

Here's 5 of the most popular real estate and mortgage related articles so for in 2019:

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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July 18, 2019

San Diego Home Possible Mortgage Loan Pros and Cons (2019 | 2020 Update)

San Diego Home Possible Mortgage Loan Pros and Cons

Finding the right loan program is about figuring out what pros you really want and what cons you can deal with.

Regardless of the loan type, you’ll find pros and cons.

So we put together this list for the Home Possible mortgage loan so you can get a quick look at the good and the bad that comes with the loan.

If you’re interested, then you’ll want to check out the answers to some common questions, the overview of the program, and the loan limits and what they mean for you.

In addition, we have an article all about the reason why this program will be the best possible fit for you.

After you’ve checked all that out, take the time to contact me so I can help you get set up with the right program for your situation.

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July 18, 2019

San Diego Home Possible Mortgage Loan Limits (2019 | 2020 Update)

San Diego Home Possible Mortgage Loan Limits

The most important part of the loan that goes beyond whether or not you can qualify is the limit.

The limit can decide if you’re really going to be able to get the home that you need or if you aren’t going to be able to really use the loan.

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Knowing the limits is especially important in areas like San Diego where the average prices of homes are much higher than elsewhere.

The loan limits for the area are important because it can dictate the kind of home that you are really able to purchase.

If you’re interested, then you’ll want to check out the answers to some common questions, the pros and cons of the loan program, and the overview of the program.

In addition, we have an article all about the reason why this program will be the best possible fit for you.

After you’ve checked all that out, take the time to contact me so I can help you get set up with the right program for your situation.

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July 18, 2019

4 Reasons The San Diego Harp Mortgage Loan Is Right For You (2019 | 2020 Update)

4 Reasons The San Diego Harp Mortgage Loan Is Right For You (2018 Update)

When you’re looking for a refinance for your loan, you may find yourself getting caught up in all of the information that you are reading.

This may make it hard for you to really figure out if the loan is going to be a good fit for you.

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I created this article so that you can get the best idea about what makes HARP great for some of you out there.

The program can be a good fit for a variety of people, but you might need some extra information beyond the basics that we cover in this article.

You’ll want to check out the article about the loan limits that you will see with this program, the pros and cons list, and the main article on the subject.

You might be looking for some quick answers, in which case we have an article full of some of the most common questions you might have about the loan for you to look at.

Of course, if you still have some questions, then feel free to contact me.

I’ll help you understand exactly how the HARP loan can work with you.

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July 18, 2019

San Diego Harp Mortgage Loan Limits (2019 | 2020 Update)

San Diego Harp Mortgage Loan Limits (2017 Update)

When you’re trying to decide on a loan type or a refinance, you may find yourself caught up in all of the numbers.

In order to help you, let’s go over the basic loan limits that you will be working with when you’re trying to refinance through the HARP program.

The program can be a good fit for a variety of people, but you might need some extra information beyond the basics that we cover in this article.

Search Now: See the latest San Diego homes, townhomes, and condos for sale…

You’ll want to check out the question and answer article for some of the most common questions, the pros and cons list, and the main article on the subject.

If you’re still on the fence about the loan type, then check out all the reasons why this loan might be the best fit for you.

Of course, if you still have some questions, then feel free to contact me.

I’ll help you understand exactly how the HARP loan can work with you.

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July 18, 2019

San Diego FHA Streamline Refinance Pros and Cons (2019 | 2020 Update)

San Diego FHA Streamline Refinance Pros and Cons (2017 Update)

If you’re on the market for refinancing your loan, then you may have been looking at all the options that are available to you. 

If you already have an FHA loan, then you might consider the San Diego Streamline Refinance mortgage loan that is offered by the FHA. 

This process is quick and relatively painless for those that are interested. 

But you might want to take some time to consider the pros and cons of the process to see if it’s right for you.

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July 18, 2019

San Diego FHA Streamline Refinance Mortgage Loan (2019 | 2020 Update)

San Diego FHA Streamline Refinance Mortgage Loan (2017 Update)

What is the FHA?

FHA or Federal Housing Administration Loans are for people who are looking forward to purchasing or refinancing a home.

It's suitable for people who can’t make big down payments, have low credit, want low monthly payments, and are not eligible for a conventional loan

FHA is the largest mortgage insurer in the world.

It insures homes and even hospitals.

It's the only government agency for which people don’t pay tax as it operates on the money it gets from the mortgage insurance included in mortgage payments.

The FHA allows people who are buying homes for the first time to obtain a loan (that they wouldn’t have qualified for otherwise) by insuring it.

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July 18, 2019

3 Hot San Diego Down Payment Assistance Programs (2019 | 2020 Update)

3 Hot San Diego Down Payment Assistance Programs (2017 Update)

If you want to purchase a home, there are so many resources you can seek out in San Diego. 

You don’t have to be worried that you don’t make enough money, or that there aren’t any programs for you to take advantage of, as this is simply not true.

Here’s a look at some of the hottest down payment assistance programs in San Diego, some of which are available for people with low incomes, as well as those that are first time home buyers

It is important to understand that a first time home buyer is defined as someone that has never owned a home, or hasn’t owned one in 3 years, so if this applies to you, you may want to pay special attention. 

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July 18, 2019

San Diego FHA Loans: Conforming, Jumbo, Streamlined Refinance, and 203(k) Construction Loan (2019 | 2020 Update)

San Diego FHA Loans: Conforming, Jumbo, Streamlined Refinance, and 203(k) Construction Loan (2017 Update)

First, what exactly is an FHA loan?

An FHA loan is a mortgage that comes insured by the Federal Housing Administration.

Borrowers with FHA loans pay for mortgage insurance, which protects them from any kind of loss, if they default on the loan.

The FHA, or Federal Housing Administration, is an agency that resides within the U.S Department of Housing and Urban Development - as a fun fact for the day.

Because of that insurance, lenders can offer FHA loans that have better interest rates, as well as, more flexible qualification standards.

This can help people with lower income, or less stable credit histories, qualify for a mortgage they can actually afford.

If you’ve had your eye on a gorgeous San Diego home but don’t have the best credit, than an FHA loan may be the answer to your problems.

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July 18, 2019

San Diego Jumbo Mortgage Loan Limits (2019 | 2020 Update)

San Diego County CA Jumbo Mortgage Loan Limits

What is a jumbo mortgage loan?

Jumbo mortgage or a super non-conforming mortgage is a home loan with an amount exceeding conforming loan limits set by the two government-sponsored enterprises that purchase loans from lenders, including Fannie Mae and Freddie Mac.

In order to fully understand Jumbo Mortgages or Non-conforming mortgages, one should first take a look at Conforming Loans. Home loans with amounts under the limits set by Fannie Mae and Freddie Mac are called conforming loans because they conform to the set standards. 

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In most states of the country, the limit on conforming loans for single-unit houses is $417,000. However, there are some high-cost states where real estate is valued higher, such as California, New Jersey, Alaska, etc. Jumbo mortgages are designed to provide financial assistance to people who want to buy a home in these high-cost states. The Jumbo mortgage limits vary from state to state. For example, in Georgia, a loan amount above $625,500 is considered to be a Jumbo loan. While in California, the limit varies from county to county.

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July 18, 2019

San Diego Jumbo Mortgage Loans Pros and Cons (2019 | 2020 Update)

San Diego Jumbo Mortgage Loans Pros and Cons (2018 Update)

What is a jumbo mortgage loan?

Jumbo mortgage or a super non-conforming mortgage is a home loan with an amount exceeding conforming loan limits set by the two government-sponsored enterprises that purchase loans from lenders, including Fannie Mae and Freddie Mac.

In order to fully understand Jumbo Mortgages or Non-conforming mortgages, one should first take a look at Conforming Loans. Home loans with amounts under the limits set by Fannie Mae and Freddie Mac are called conforming loans because they conform to the set standards. 

In most states of the country, the limit on conforming loans for single-unit houses is $417,000. However, there are some high-cost states where real estate is valued higher, such as California, New Jersey, Alaska, etc. Jumbo mortgages are designed to provide financial assistance to people who want to buy a home in these high-cost states. The Jumbo mortgage limits vary from state to state. For example, in Georgia, a loan amount above $625,500 is considered to be a Jumbo loan. While in California, the limit varies from county to county.

Must Read: San Diego Jumbo Mortgage Loans - Rates, Terms, Limits...

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