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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July 1, 2020

San Diego Coastal CA Foreclosure Update

San Diego Coastal CA Foreclosure Update - July 2017

If you need up-to-date, real-time statistics about the San Diego Coastal foreclosure market that you can easily read, understand and utilize, I’ve got you covered with all 12 cities and hundreds of local communities.

Each month I’ll be updating all the latest foreclosure numbers and highlighting a property or two in each city to give you snap shot of what your money can buy in each location.

I hope this information assists you in any investment or real estate decisions you make.

Keep in mind that the San Diego Coastal real estate market is constantly changing, especially in foreclosures, and things I am writing to you about right now can just as easily be gone by tomorrow.

As always, the best way for you to know when each and every foreclosure hit's the market is to get signed up for them – and you will get foreclosures via email daily.

Without further ado – let's jump into this months numbers.

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July 1, 2020

San Diego County CA Homeowners Property Tax Exemption (2020 | 2021 Update)

 San Diego County CA Homeowners Property Tax Exemption (2018 Update)

When it comes to property taxes, you may have a bit of anxiety when the time comes to pay them.

This is to be expected.

They are likely to get higher each year, which isn’t something that you should look forward to.

At the same time, if you are a resident of San Diego County, there is a bit of good news.

This is because there are a number of types of exemptions that some people may be eligible for, so you should do your homework to see the different programs that are offered by the county, and if they can help you out. 

You can find out what they are by doing a quick internet search.

This will help you find some basic facts, and should also net you some phone numbers to call for more information.

One place to start is by checking out Property Tax Assistance.

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July 1, 2020

San Diego Conventional 97% LTV Mortgage Loan (2020 | 2021 Update)

San Diego Conventional 97% LTV Mortgage Loan (2019 Update)

Getting a loan is a stressful time.

I know that part of this comes from the fact that you’ll have to start worrying about the down payment that you’re going to need to pay.

In some cases, you may pay over 10% for your down payment.

This can cause problems for some people that are living mostly paycheck to paycheck.

They have enough money to cover rent and could cover the mortgage payments, but the down payment is just too high.

This can prevent people from getting a home and a loan.

That’s where this loan comes in.

Instead of the high down payment that other loans require, this one will only have a 3% down payment.

If you want to know more about a 97% LTV mortgage loan, check out our pros and cons article, our answers to some common questions, and our article about the loan limits.

If you are uncertain if the loan is the right fit for you, then you may want to check out our article with the reasons why the 97% LTV mortgage loan is right for you.

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July 1, 2020

San Diego No Money Down Mortgage Loan Grant (2020 | 2021 Update)

San Diego CA No Money Down Mortgage Loan Grant (2017 Update)

Perhaps the biggest obstacle buying a home in San Diego is the amount of funds needed.

A down payment and closing costs on a home can easily add up to hundreds of thousands of dollars - and even the prospect of saving up enough money for closing costs on a home seems daunting.

So much so - that many potential home buyers sit on the sidelines because they believe there is no way to save up THAT much money (so they never take the first step and talk with a mortgage professional).

Sure, both VA and USDA loans in San Diego County don’t require a down payment - and the minimum down currently for a conventional loan is 3% and only 3.5% going FHA.

(Back of the napkin math - $425,000 purchase price @ 3% down = $12,7500 cash needed out of pocket for just the down payment.)

But still, closing costs alone can add multiple thousands more when you factor in lender title insurance, owner title insurance, escrow, loan processing, home insurance, credit report, appraisals, impounds, etc.

Yet there is a way to finance a home without a down payment AND closing costs coming out of YOUR pocket – if you work with a savvy mortgage professional.

This program was first introduced in the State of California back in 1993 and has helped over 45,000 people purchase homes and provided more than $50,000,000 in funding to date.

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July 1, 2020

San Diego PiggyBack 80-10-10 Mortgage Loan Pros and Cons (2020 | 2021 Update)

San Diego PiggyBack 80-10-10 Mortgage Loan Pros and Cons (2017 Update)

If you’re wondering how the piggyback loan will actually work for you, then you might be interested in learning about the pros and cons of this particular loan.

We will go through them so that you can get a better idea of whether or not this loan will work the way that you need it to.

If you find yourself interested in learning more, then you’ll want to check out the main article about the loan, the answers to the most common questions about this loan type, and more information about the loan limits that are available with this loan.

In addition, you might not be sure after reading this article that the piggyback loan type will be good for you, but I have a list of reasons why the loan type might be perfect for you and your situation.

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July 1, 2020

San Diego No Money Down Grant Mortgage Loan Income Limits (2020 | 2021 Update)

Wanna learn about the No Money Down program to get over $20,000 in COMPLETELY FREE grant money to buy your next San Diego property - even if you make over $100,000 per year?

Or, maybe you want to learn from the most popular No Money Down Q and A's?

Below are the State of California Income Limits. 

These numbers are effective as of: June 21, 2016 and subject to change.

The number on the left is for the Sapphire and the number on the right is for the HELP - both are essentially the same programs and guidelines minus the income limits.  

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July 1, 2020

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

5 Reasons Warner Springs San Diego is a Great Place to Live

Whether you are currently considering moving houses or just pondering on the possibility, Warner Springs, San Diego, could be the home you have been seeking. Located on the eastern side of San Jose Valley, it presents the ideal choice for those who prefer some peaceful neighborhood. Barely, an hour and a half drive from San Diego, its serenity makes it the perfect home for the young and old alike. 

A town rich in history, Warner Springs has managed to retain its small-town vibe over the centuries. Its existences dates back to 1795 when an expedition of the Mission San Diego de Alcala set out up the course of San Diego River in search of a new mission site. Several days into their excursion, they came into a broad, basin-like valley naming it the Valle de San Jose. 

Around a hot spring in the valley, there was a village known as Cupa inhabited by Indians who the Spaniards called Cupeno. The Cupenos have a myth of being descendants of Kesily Pewik, the only male survivor of a massacre- his mother having disguised him as a girl to protect him. Growing up in another tribe, he later returned to Cupa and married two sisters from the neighboring Luiseno Indians and thus becoming the ancestor of the Cupenos

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July 1, 2020

San Diego USDA Mortgage Loans Q and A (2020 | 2021 Update)

San Diego County CA USDA Mortgage Loans Question and Answer

What is an USDA mortgage loan?

USDA Loans or US Department of Agriculture Loans are offered on the purchase of properties located in rural areas of the country. USDA Loans, which are also known as “USDA Home Loans”, “Rural Housing Loans”, or “Section 502 Loans”, are offered to eligible rural and suburban home buyers who are looking for a no-money down, 100 percent mortgage financing for their primary homes. 

USDA loans are insured by the US Department of Agriculture and are best-known for their ‘no-money down’ financing feature. These are designed to help low to moderate income households purchase a home in a USDA-specified rural area. The USDA Home Loan Program offers 100 percent financing for all approved submittals, and besides VA Loans, it is the only loan program in the US that requires no down payment.

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June 30, 2020

San Diego USDA Mortgage Loans: The Facts, Benefits, And The Rural Home (2020 | 2021 Update)

San Diego USDA Mortgage Loans: The Facts, Benefits, And The Rural Home (2017 Update)

Perhaps the hustle and bustle of the big city isn’t for you.

When you think of San Diego, you instead want wide, open spaces out in the more rural areas.

Somewhere a bit more natural.

If that’s the case, and you have your eye on a rural gem in San Diego County, a USDA loan may be right for you.

USDA stands for the U.S Department of Agriculture, and the USDA loan is their specialized mortgage program that doesn’t tend to be widely known.

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June 30, 2020

7 San Diego USDA Mortgage Rate Hacks Revealed (2020 | 2021)

7 San Diego USDA Mortgage Rate Hacks Revealed (2019)

There is more than one way to buy a house in San Diego and knowing several mortgage hacks could save you some big time money as well as save you time and hassle.

Understanding different loan products could land you in a nicer, bigger house than you thought you could afford at a much better rate than you thought possible. It just takes some research to find the right one for you that meets both your housing needs and your budget.

There are types of loans everyone, especially those starting out with their first property, should know about. Some of the best loan deals are those from the federal government. USDA loans have helped millions of lower to middle-income people own property. There are some things you need to know about both to see if you qualify.

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