Posts Tagged ‘Chula Vista’
The One Home Loan Program Many Buyers Overlook
The One Home Loan Program Many Buyers Overlook By Andre Enriques | Mortgage Banker – VA Loan Expert When it comes to buying a home, most buyers focus on the big-name loan options Conventional, FHA, or VA loans (if eligible). But there’s one powerful loan program that’s often overlooked and can make a huge difference,…
Read MoreThe Power of the HELOC
The Power of the HELOC: Unlock Flexibility, Freedom, and Financial Control If you’re a homeowner in San Diego or Chula Vista sitting on equity, you may be holding the key to financial flexibility without even realizing it. Enter the HELOC—or Home Equity Line of Credit—a powerful tool that puts your home equity to work when…
Read MoreThe Power of Bank Statement Home Loans
The Power of Bank Statement Home Loans Key Benefits of Bank Statement Loans No Tax Returns Required Instead of tax returns or W-2s, you qualify using 12–24 months of personal or business bank statements. Ideal for Self-Employed Borrowers Perfect for business owners, freelancers, and gig economy workers who may write off significant expenses on…
Read MoreHome Affordability Hack
Home Affordability Hack A temporary interest rate buydown is a powerful home affordability hack, especially in high-interest environments. It allows buyers to reduce their mortgage rate for the first 1–3 years of their home loan, making monthly payments more affordable during that initial period. What is a Temporary Buydown? A temporary buydown is when the…
Read MoreRefinancing Out of Your Low Rate Sometimes Makes Sense
Refinancing Out of Your Low Rate Sometimes Makes Sense Switching from an Adjustable-Rate Mortgage (ARM) to a Fixed Rate – If your ARM is about to adjust to a significantly higher rate, locking in a fixed rate can provide stability and predictability in payments. Eliminating Private Mortgage Insurance (PMI) – If your home value has…
Read MoreNew Loan Limits Are Out for 2025
New Loan Limits Are Out for 2025 Hot off the press!! The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit for 2025 will increase to $806,500, up by $39,950 from the 2024 limit. In high-cost areas, the limit will rise to $1,209,750, which is 150% of the baseline limit. These…
Read MoreGreat News For FHA Buyers
Great News For FHA Buyers Hot off the press!!! FHA just announced the reduction of the monthly mortgage insurance premium!! This is great news for FHA buyers because this will give homebuyers more home buying power and monthly savings. FHA monthly mortgage insurance premium will be reduced from .85% down to .55% for loan amounts…
Read MoreVA Home Loan Calculator
VA Home Loan Calculator VA home loan calculator is great but are not always accurate and can be found on various websites such as VA.gov, Bankrate.com, and Zillow.com. These calculators allow you to input information such as your income, credit score, and the price of the home you are interested in purchasing to estimate your…
Read MoreNew Year New Opportunities
New Year New Opportunities New Year New Opportunities is a great way to start 2023. The start of a new year is the perfect time to take advantage of real estate buying opportunities and to make positive financial changes in your life. Working with the right mortgage banker is a great way to do just that. As a broker and…
Read MoreChula Vista Mortgage Loans
Chula Vista Mortgage Loans I’m a mortgage banker whose been serving the City of Chula Vista residents with their mortgage needs for over two decades. As a native Chula Vista resident, I know the city very well and have seen it grow substantially over the years. I can honestly say, Chula Vista is a great…
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