Frequently Asked Questions

first-priorityFrequently Asked Questions

FAQ: What are the hidden costs of buying & owning a home?

Great question! While these are estimates, they will give you a good idea of what to expect:

• One-time closing costs estimate: 2% of the home’s purchase price.

• Annual property taxes: 1.25% of your home’s value, unless there’s Mello Roos tax. *

• Annual homeowners’ insurance: anywhere from $90-$200 per month. *

*Property taxes and homeowners’ premiums will typically be added to your monthly mortgage payment. Keep this in mind as you play around with mortgage calculators — some account for taxes and insurance; others do not.

The best way to gauge your total costs of owning a home is to meet with a knowledgeable mortgage lender (me) :).

How Exactly Do Interest Rates Work

How exactly do interest rates work?

An interest rate is the “price” a lender charges a borrower for a home loan.

Interest rates rise and fall daily based on loan type (rates are typically lower for shorter-term loans), what the Feds are doing (the U.S. central bank), and, yes, inflation.

Wanna run the numbers to see what you could afford, or have other questions about buying or selling? D.M. me! I’d love to hear from you.


 I’m your local Chula Vista & San Diego lender and look forward to assisting you with your mortgage needs!

Getting started is easy. We offer very competitive rates, have great service, and always close on time.

Best Mortgage companies in Chula Vista

Best Mortgage companies in Chula Vista


Andre Enriques
License # NMLS 220937
DRE # 01713544

Contact Us

Andre Enriques Mortgage Banker - VA Loan Expert, a dba of Anchor Funding Inc

Chula Vista Office
Phone: (619) 323-2066
Cell (619) 208-6499
891 Kuhn Drive, Suite #204
Chula Vista, CA 91914

San Diego Office
Phone: (619) 208-6499
6336 Greenwich Dr, Suite A
San Diego, CA 92122

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Equal Housing Lender

NOT ALL APPLICANTS QUALIFY. First Priority Home Loans is a DBA of Anchor Funding, Inc. is licensed by The
California Bureau of Real Estate #01276087. FHA Non-supervised lender #00257-0000-5
NMLS #1626581 & #236419
NMLS Consumer Access
Loans made or arranged pursuant to the California Department of Financial Protection and Innovation
California Finance Lenders Law license number 603 L293