Is It Easy to Get a Loan for a San Diego Home?
Wednesday, 13 February 2013
Question: “I’ve heard conflicting stories about how easy or hard it is to get a home loan. What’s your take on it?” Answer: There are two competing forces impacting people’s ability to get a home loan. On the plus side, today’s ridiculously low mortgage rates and resulting low payments make it much easier to qualify
- Published in Q&A - Home Financing Questions
Two San Diego Short Sale Questions
Tuesday, 12 February 2013
Question: “I have two questions about doing a short sale. First, we have a leaky roof. Is it possible to just disclose that and sell as is? Second, what’s the cost to hire you to handle everything? We definitely want your expertise, but we’re short on money.” Answer: I’ve got good news on both your
- Published in Q&A - Home Selling Questions, Short Sale
What Interest Rate Can You Get for a Home Loan?
Wednesday, 06 February 2013
Question: “What interest rate can I get for a home loan?” Answer: Years ago, that was a simple question with a simple answer. But today, you have to answer these questions first: Owner occupied or investment property? For single family, 2 units/duplex, or 3-4 units? Fixed or adjustable? If fixed, fixed for 3, 5, 7,
- Published in Q&A - Home Financing Questions
Keeping an Expensive San Diego Home as a Rental
Wednesday, 30 January 2013
Question: “Hi Gary. We have a pretty nice house in UC, worth around $850,000. We want to scale down and buy a condo. Do you think we should keep the house as a rental?” Answer: Expensive homes make no financial sense as a rental in San Diego. Your cash on cash return will likely be
- Published in Q&A - Home Investing Questions, San Diego
Should You Pick the Middle of 3 Agents’ Price Opinions?
Tuesday, 29 January 2013
Question: “I’m going to sell my house this summer. I know how important it is to price your home right. So I plan to get 3 agents’ price opinions and then hire the agent in the middle. Is this a good idea?” Answer: I don’t recommend it. 2 reasons… Reason #1: Whether it’s a high
- Published in Q&A - Home Selling Questions
Hard to Find a Seller Who’ll “Carry the Loan”
Wednesday, 23 January 2013
Question: “I can’t get a bank loan because of some bad credit and I’ve been reinvesting most of my profit into my business, so my tax returns don’t show much income. Can you find a home for me where I can make payments to the owner? I think that’s called owner carry…” Answer: Right now,
- Published in Q&A - Home Financing Questions