David Had a Deal. He Also Had a Deadline. David found a Los Angeles investment property he wanted to buy. The price looked good. The location was strong. However, the property needed repairs. Then another problem appeared. The seller wanted a fast closing. David called his bank. Unfortunately, the bank needed more time. Another investor […]
A Los Angeles Homeowner Facing a New Decision Robert bought his Los Angeles home more than 25 years ago. Since then, its value has increased. His mortgage balance has also fallen. Now Robert is retired. He has savings and significant home equity. However, his monthly income is lower than when he was working. Robert wants […]
A Good Deal Can Disappear Quickly David found a San Diego property with potential. The location was strong. The price made sense. Also, the property could produce rental income after renovation. There was only one problem. The seller wanted to close quickly. David contacted his bank. However, the approval process would take time. The bank […]
Finding the right mortgage is about more than finding an attractive interest rate. The loan program, qualification requirements, closing costs, property type, and lender experience can all affect the final result. That is especially important in San Diego, where borrowers may be purchasing higher-priced homes, working for themselves, relying on investment income, or looking for […]
San Diego homeowners often build significant equity over many years. But having equity in a home does not always mean having enough cash available for retirement expenses. A reverse mortgage may provide another way to use that equity. For homeowners age 62 or older, a reverse mortgage can allow qualified borrowers to access part of […]
