Do's and don'ts to stay approved

Top 10 Do’s and Don’ts to stay approved

Posted Leave a commentPosted in Buyer Tips and Advice, First Time Homebuyers, Mortgage Knowledge

You got your loan approval, congratulations! But the work is not done. Now you need to make sure you don’t mess up  that approval. Follow these do’s and don’ts to stay approved and it should be smooth sailing! Don’ts to stay approved Don’t make any large purchases. The additional debt or reduction in your assets […]

How to save for a down payment in one year

Posted Leave a commentPosted in Buyer Tips and Advice, First Time Homebuyers, Mortgage Knowledge

What? Save for a down payment in one year? Am I nuts? Well, maybe a little, but not because of this! How to make it possible to save for a down payment You don’t need to give up everything to save for a down payment. Simply cut back just a bit. Morning Coffee Starbucks$4.50 x […]

Down Payment Assistance Income Limits Increase

Posted Leave a commentPosted in First Time Homebuyers, Loan Progams, Mortgage Knowledge

BIG News- CalHFA just announced a huge change to their down payment assistance income limits. CalFHA offers down payment and closing cost assistance to first time homebuyers purchasing in California. The program is intended to help low and moderate income families which means that there are income limits that must be met. Up until the […]

How to get preapproved certificate

Should you get preapproved for a loan before shopping? Bobby and Janet’s story

Posted Leave a commentPosted in Buyer Tips and Advice, First Time Homebuyers, The Mortgage Minute Series

Bobby and Janet’s Loan Preapproval Story : A cautionary tale Is it really necessary to get preapproved before you go out shopping for a home? It is, and to show you why I’m going to tell you a story about Bobby and Janet in this week’s The Mortgage Minute Mortgage Minute is weekly informational series […]

Down Payment Assistance Program Announcement

Breaking News: Down Payment Assistance programs take a hit in San Diego!

Posted Leave a commentPosted in First Time Homebuyers, Loan Progams

Breaking News: Down Payment Assistance programs take a hit in San Diego! On Tuesday evening , The San Diego Housing Commission (SDHC) notified all  participating lender of a big change to the Down Payment Assistance programs guidelines. Both the City of San Diego and San Diego County programs are affected by the changes. The SDHC announced […]

Prequalification vs Preapproval

Prequalification vs PreApproval

Posted Leave a commentPosted in Buyer Tips and Advice, First Time Homebuyers, Mortgage Knowledge

Prequalification vs PreApproval Welcome to this week’s edition of The Mortgage Minute were we take a look at prequalification vs preapproval. The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. Let’s explore the differences between prequalification vs Preapproval. A Pre-qualification is more of an overview of an […]