lender

Tax Refunds

Turn your income tax into a down payment on your new home! Spring is a great time to buy. Interest rates are still low and prices are perfect. I would love to show you how I can help make your dream come true. If you’re thinking of or are ready to buy a home, call or email me! 619-250-4541 or Stephen@StephenNissou.com! 

Tax Refund

 

 

Your Local San Diego Real Estate Expert,

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Truly An Investors Dream Come True

Are you looking for a home AND an investment? This gorgeous, completely re-modeled home in Normal Heights is the one for you! At just $599,000 you get a beautiful 2 bed, 1 bath home. In addition, this home contains a large lot to build more units. What’s even better is that the original owner had plans made up for building out the lot for maximum income! AND it’s ready to build!

Invest in this property and you won’t be disappointed. For more information, click on the link below, or give me a call at 619.250.4541 and to schedule a viewing. You don’t want to miss this one! Get it before it’s gone!

http://www.nissourealtygroup.com/listing/mlsid/219/propertyid/140013091/

Information Flyer - 38th Street

Your Local San Diego Real Estate Expert,

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What is Escrow?

Once your offer on a homme has been accepted by the seller, your transaction is then placed into Escrow.

Escrow describes the third-party handling of funds, documents, and tasks that are specific to closing. The sole purpose of Escrow is to manage the disbursement of funds and documents.

The buyer and/or seller that is involved in a transaction selects the Escrow provider. You can defer to your Real Estate agent to make this decision if you aren’t sure. The provider can be an escrow company, title officer, attorney, and can depend on the geographical location of the transaction.

The Escrow provider chosen arranges and tracks requirements and contingencies within the purchase contract, including home inspections, financial requirements, homeowners insurance, and any repairs that are negotiated during the sale.

Once all transaction documents are met, the Escrow company will disburse funds to the seller and all other parties in accordance with the purchase agreement. The cost of Escrow services are covered by the buy or seller. Once all tasks within the sales purchase agreement are completed, the transaction is complete and the Escrow closes.

Your Local San Diego Real Estate Expert,

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Top 8 Things To Ask Your Lender During The Application Process

 Mortgage Lender Application ProcessThe Loan process can be somewhat daunting if you don’t know what to look for, or who to ask questions to. Here are the top 8 things I tell all my clients when they are ready to go through the application process for their loans.

1)      What documents will I need in order to receive full mortgage approval?
Residence history, marital status, credit obligations, down payment, income, and employment verification are the most important information you will need for a full approval.
2)      How long will the entire process take?
Communication during the process is essential. As long as you ask all questions ahead of time, and get all of your documents together during the process, then the process should be fast and easy. Your loan officer should be able to give you a total amount of time for how long it will take to close on your mortgage.
3)      Are my taxes and insurance included in the payment?
If you include taxes and insurance into your payment then you will have a higher monthly payment to the lender, but you also won’t have to worry about coming up with large sums of money to pay the taxes when they are due.
4)      Will my payment increase after closing?
Try to choose fixed interest rate loans. This will allow you to never have your loan payment increase over the life of the loan. If your taxes and insurance are included in your payment, then your total payment will change over time due to the changes in your homeowner insurance and property taxes.
5)      How do I lock in my interest rate?
Most loan officers pay close attention to market conditions, as rates move several times a day. It’s good to know the terms and what the process is for locking in your interest rate.
6)      How long will my rate be locked in?
Typically, rates are priced with a 30 day lock. You can choose to hold off temporarily if you are purchasing a short sale or foreclosure listing. The shorter the lock period is, the lower the interest rate. The longer the lock period, the higher the interest rate.
7)      How does my credit score affect my interest rate?
If you have any recent changes to your credit score, be sure to get specific answers. There are many key factors that can influence fluctuation in your credit score. Fill your loan officer in on anything you can think of that might be tied to your credit.
8)      How much do I need for closing?
Ask your loan officer to estimate how much you need to budget so that you are prepared ahead of closing. Your deposit, appraisal fees, and seller contributions can factor into this final number as well.
The better you understand the entire loan process, the better your entire experience will be. Remember: You can never ask too many questions.
Your Local Expert,

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