Mortgage Information

If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

I would be happy to refer you to some very good mortgage contacts I have in San Diego, or to help you in any other way I can to secure the best possible rate for your home purchase.

Use the mortgage calculators below to assist you in making some decisions around financing your new home.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.

Top 10 Credit Don'ts During the Loan Process

Many are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home. However, the recent economic crisis has created even tougher guidelines and credit requirments. There are some important things that all borrows must be aware of when applying for a loan.

1. Don't do anything that will cause a red flag to be raised by scoring system.

2. Don't apply for new credit cards of any kind.

3. Don't pay off collections or charge offs.

4. Don't max out or over charge on your credit card accounts.

5. Don't consolidate your debt onto 1 or 2 credit cards.

6. Don't close credit card accounts.

7. Don't pay late.

8. Don't allow any accounts to run past due-even one day!

9. Don't dispute anything on your credit report.

10. Don't lose contact with your mortgage and real estate professionals.