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San Diego Home Loans, Pt 1

By
Real Estate Agent with Jack Rowell Real Estate

 San Diego Home Loans

 Here's the new skinny, according to Sam Gardner of Gardner Mortgage, on what's happening with San Diego Home Loans.

    According to fixed income researchers at Credit Suisse, this includes San Diego Home Loans, "the majority of borrowers remain unable to take advantage of the exceptionally low rates that would benefit them by easing their payments. They find that only 38% of borrowers that could benefit from a refi can actually do so because of a variety of barriers including stricter underwriting standards that will keep many on the sideline".

Confused
 
     I've put together some basic tips to help those thinking of taking advantage of San Diego Home Loans and the lowest rates since the St. Louis Browns won the World Series. 

 These tips (or warnings) will make your life easier if attempting to get a San Diego Home Loan in today's mortgage jungle. I do this for two reasons, first, to make you, my client's  lives as easy as possible in today's brutal lending environment.

Warning

  Second and more importantly, to make my life easier in today's brutally tough lending environment. I jest (but only a little) and truth be told, my job is really hard now. It's not like the old days when stable income, excellent credit, money in the bank and sufficient equity were enough to get a mortgage. 

 The better the San Diego Home Loan looks going in, the fewer conditions that have to be dealt with later. With these tips and a little planning, you can make the process as easy as possible.  
 

Credit:  This one's obvious. Check it, at least once, preferably twice a year.  

Credit

 
Income:  In today's Brave New World, big brother (Fannie Mae) has very, very rigid rules about income and its documentation. Contact Sam for more info. 

Income

Paper-Trail:  If you put money in the bank and it shows up on a statement be prepared to document the source and provide a paper-trail. Guilty until proven innocent.

Paper Trail

 Equity Lines:  If you have a line of credit and are considering refinancing, you have two options:  Keep the line or close it. Good and evil lurk about on both sides of the coin.

Even if you do not think you qualify, contact me or Sam. We might see something you don't. Never hurts to look.

 There it is. Good stuff from a good guy. Let me know if you want any help finding a home to attach to your San Diego Home Loan or want free market info.  

 Contact Sam at:

 Sam Gardner 
 
Gardner Mortgage Inc.
2667 Camino Del Rio South #106
San Diego, Ca. 92108
Office (619) 497-6125
Cell (619) 804-2417

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