Where To Look For Your San Diego Mortgage
If I asked you where you buy your groceries, or your running shoes, you wouldn’t have to think too long before spitting out an answer. In fact, you probably wouldn’t have to think at all! But a mortgage is not the kind of thing that most people shop for every day, let alone on a regular basis. So when it comes time to look for that mortgage, whether you are a first-time buyer, someone who is moving up, or a person in need of a refinance, you may not know where to start. Here are a two ideas that will point you in the right direction. Continue reading
Popular San Diego Mortgage Loans
Shopping for a home loan used to be like looking in the one-size-fits-all department. For years the standard residential mortgage was the thirty-year fixed loan. But these days there are are so many different options. Let’s have a look at a few.
The Fixed-Rate Mortgage Loan: This is where the old standard mentioned above falls in. But not all fixed-rate loans are amortized over 30 years. A fixed-rate loan can be found in 10, 15 or 30 year terms, although the thirty-year is the most common. The situation here is that the same interest rate is charged for the entire lifespan of the loan. There are no surprises. This type of loan is ideal for the borrower who plans to live in her home for a long time, and isn’t planning on moving up every few years. Continue reading