The Reason We Escrow Taxes and Insurance

Banks often have specific requirements to reduce the financial risks involved with offering a home loan to mortgage borrowers. One of these conditions may be to escrow taxes and insurance on your mortgage. What does it Mean to Escrow Taxes and Insurance? A mortgage escrow is mainly the account that is used to pay your […]

Let the Buyer Beware!

“Let the Buyer Beware,” is a real term that potential buyers should take very seriously. The following real story illustrates why.  The names have been changed to protect the clueless. First-time buyer Jane had found the perfect condo with the help of her agent. Jane was particularly happy about the fabulous pool in the community. […]

First Steps To Buying A Home

Congratulations on taking your first steps to buying a home.  Since buying a home is usually the most significant purchase anyone will make you’ll want to become more familiar with the process.  The more you become aware of the home-buying process, the more easily you can purchase the home of your dreams. Below are vital […]

Average Mortgage Payment in San Diego

As you can imagine, the average mortgage payment in San Diego is considerably higher than the national average. According to data from the Mortgage Bankers Association in January 2017, the average principal and interest payment across the country is $1,494.00. Based on current housing and interest rates, the average mortgage payment in San Diego for […]