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When our clients search for properties, I always advise them to send us links to the properties they are interested in. Those links can be shared through Zillow, Redfin, your Realtors Multiple Listing access, and many other platforms. Once I have that link, we can share with you what the mortgage rates are doing on that specific day, and what the fees look like, including what the monthly payment shakes out to be, along with your expected cash-to-close. Basically, it's our way of being transparent and never leaving you in the dark. Send us your scenarios today and let us work for you!

When a person comes to me to understand their borrowing power 6-months before they go shopping, they're positioning themselves to get the best financing. What if there is a negative mark on that borrower's credit and their score is 40-points less than what they are accustomed to? This could lose them thousands of dollars over the life of the loan because of that lower credit score. Coming to me early allows me to guide and protect that borrower the best I know to save them thousands over the life of the loan.

Many individuals believe they have to put down 20% to qualify for a loan... that's definitely not true. Yes, on Conforming Loans, if you don't put down 20%, you have to pay private mortgage insurance. With borrowers that have great credit, that PMI is minimal in the big picture, and can be removed once you reach 20% equity in the property. Call me today to go over the best scenarios that suit your budget!

Just imagine going to a travel agent and asking to see tropical places to visit and they only show you Hawaii. Then, you get referred to another travel agent and they show you 20 different tropical destinations that give you exactly what you want. This comparison is very similar to what Retail Banks and Mortgage Brokers can provide. Mortgage Brokers offer way more options to the client vs. the Retail Banks. Retail Banks only offer their portfolio of products. Mortgage Brokers offer an immense range of products and preferred mortgage rate pricing over the retail route. Come shop with me!

I really try to make the loan process easy when you're in escrow on buying a property. But, it's still a process with a lot of moving parts. Well, after the loan, there are moving parts too. You'll need to be on the lookout for information from Escrow, the Mortgage Servicer, as well as the County in regards to supplemental taxes. Please talk to me about what to expect after the deal closes so you're fully prepared... remember, I'm always here for you!

If you're using your VA benefits for the first time, think extra hard how you want to use those benefits. In my more than 20 years in this industry, I see no smarter way to use your VA benefits than buying a 2-4 unit property. Over time, that property will become an investment that pays out incredible dividends, in return, building wealth that you can retire on and pass to your next kin. I would love to talk to you personally about this strategy... reach out anytime!

0-5% down is the minimum amount down for Conforming, VA, and FHA financing. 0% down for VA. 3.5% down for FHA. 5% down for Conforming. Actually, in certain areas throughout San Diego County, if you fall below a certain income threshold, you only have to put down 3%. Upfront mortgage insurance premiums might be required based on the loan type, as well as monthly private mortgage insurance requirements. Private Mortgage insurance on Conforming loans are required on all loans with less than a 20% down deposit, whereas FHA monthly PMI is required no matter what you put down, but VA financing doesn't require PMI monthly at all. I know, it's confusing, so call my team and we'll set it all straight!

From a single family home to a condo, from a townhouse to a 2-4 unit property, there are so many property types to choose from. We'd love to break down payment options based on the property type that conforms to your ideals. Let's talk!

I've seen HOA fees go higher and higher over the last 10-20 years because complexes and communities that implement HOA's are offering more. Some dues in downtown San Diego are upwards of $1,400/month. Some HOA's offer gym accessibility, concierge services, boat rentals, pool/spa enjoyment, office rental space, party/game rooms, and of course, maintenance and upkeep. Other HOA's only offer maintenance and upkeep. Every HOA is priced differently based on their offerings. I'm a San Diego native and can read my clients fairly well. Don't hesitate to ask me any questions you have about HOA's and any pitfalls to look out for.

Knowing what type of loan you want and qualify for is important. Yes, you may want a VA Loan but do you qualify for one. If you do qualify for one, how high can you go on a loan amount? Same question applies for conforming, FHA, and Jumbo loans. Consulting with a Loan Officer ASAP is smart to see where you fit and how you can get the best loan for your long-term goals.

Loan limits are important to understand because these loan amounts determine the rate you ultimately receive. Comparing a rate based on a loan amount of $400k can differ immensely vs. a rate based on a $1mm loan. Many borrowers get quotes not knowing this, and try to compare apples to apples, when in reality, they're comparing apples to oranges. Mortgage loan limits change annually, and by county, so please reach out to me or someone from my team to ensure you know the correct loan limits. Thank you!

When you enter into a purchase contract, an Escrow and Title Officer will reach out to you. They'll ask for additional personal information, and provide you with information you need to make an informed decision on whether or now you truly want to buy the house. If there is solar on the property you're buying, they'll facilitate the solar transfer agreement. If you're buying a condo, they'll get you important condo documents and ensure you're in the know regarding CC&Rs, budget, litigations, and much more.

There's a significant difference between hard pull and soft pull credit reports. When is it okay to pull one or the other is explained in this brief video. When you begin going through the finance process, we'll guide you correctly on which one to pull and when. Call us today for a consultation!

When I got into the business 20+ years ago, we had to meet with clients in person several times, sign documentation, and we had to overnight loan packages to our corporate office for review. On average, loans took 30-45 days to close. Nowadays, our technology platforms are so secure. E-signing documents and uploading personal information is safe and easy. Our average loan process takes less than 25-days to close. Being that we live and work in San Diego, whether the client wants to meet at our office or a location where they prefer is up to them... we'll always do what the client wants. To set up a meeting, visit ratesale.com, email Jeff Nett at jnett@ratesale.com, or call 619-797-LOAN.

It's common to hear in the news what the Fed is doing regarding 'rates'. For the past 18-months, 'rates' have been going up. It's important to know the difference between the Fed Funds Rate and mortgage rates. The Fed Funds Rate are rates charged by the government to the retail banks. Those banks then charge a premium and loan out funds for equity lines of credit, personal loans, car loans, etc. This type of lending is totally separate from mortgage rates. Mortgage rates are derived from investors buying mortgage-backed-securities, which are bundles of mortgages that an investor can invest in... very much like buying a bond. When more people or entities buy mortgage-backed-securities, mortgage rates go DOWN. So, even though the Fed is increasing their rate, mortgage rates can inversely go down! To understand more about where rates are likely heading, visit ratesale.com, email Jeff Nett directly at jnett@ratesale.com, or call 619-797-LOAN!

There are so many reasons to refinance, but as I tell my clients, only when the time is right! Some clients have high debts and it might be worth it to refinance and wrap those debts into your mortgage. Some clients have a short period adjustable rate mortgage and fixing that payment before it adjusts is crucial. Others may want to pull out money to remodel their home or buy an investment property. Reach out anytime to ratesale.com, email Jeff Nett directly at jnett@ratesale.com, or call 619-797-5626 to find out if refinancing is a smart option for you!

Most lenders look at credit scores in 20 point increments. The difference between a 700 credit score and a 720 score can be significant when obtaining a loan. A higher credit score can yield a lower mortgage rate and lower fees, saving them thousands over the life of a loan. I always recommend client's consult me three to six months prior to financing a loan. In many cases, I can find ways to boost people's score to at least the next highest tier, and it's easier than most people think! Reach out today via ratesale.com, email me directly at jnett@ratesale.com, or call us directly at 619-797-5626!

Based on an Ideed.com post from December 2022, most mortgage companies average 2.25% commission on every loan. To us, that's egregious. RATESALE.COM average commission is 1.5% on every loan... no matter the loan size. In most cases, because our commissions are lower than the competition, we typically see the mortgage rates we quote being roughly .125% to .25% lower. In most cases, our fees are much lower too! Reach out to ratesale.com today via our website, emailing Jeff Nett directly at jnett@ratesale.com, or by calling 619-797-5626!