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Tracey Said:

Please recommend some good mortgage lender in san diego?

We Answered:

In the general sense, the lender does not have to be in San Diego. Your information is not very exact as to what you mean by excellent credit score and good loan to value. However, if you mean a FICO over 720 and LTV less than 80% LTV, you are to be able to get good rates even from a major bank where you are a customer. If you want to shop visit http://www.budgetrealestateloans.com and provide more precise information or ask a questions. Your closing costs will be kept at the minimum for sure.

Beverly Said:

Have I gotten a good deal on my mortgage?

We Answered:

sounds ok. nothing real fishy. the loan to value went up so the rate went up. you don't mention the loan term so the rate you mention is a crap shoot...but not ridiculous regardless of term.
enjoy your new house.

Carmen Said:

Is 100% financing available on multifamilies in San Diego, CA?

We Answered:

Probly not. they are cutting out grant programs and 100% financing because of the crisis. The most you can get is 97% and thats FHA but you will have to come out of pocket with a 3% down payment.

Marshall Said:

Would like to know what is available for first time home buyers in California?

We Answered:

Contact a mortgage broker. They find loans for people and get rate sheets from dozens of lenders every day. They can then go over your situation with you and help you determine what loan product would be the best for you. And, they don't cost you anything. They get paid a commission from the lender for finding the borrower.

Don't just go to one lender. Then you're stuck with whatever terms they offer, instead of having choices.

Walter Said:

My prop tax is impounded by mortgage co. Why did I receive a bill from SD treasurer?

We Answered:

Often a county assessor's office will send you a copy of your property tax statement. If your property taxes is impounded, you should receive a statement of your impound account from your mortgage company showing your payments deposited into the impound account, payments made out of the impound account (insurance & taxes) and the balance in your escrow account. (at least once or twice a year)

When you paid on line, did the assessor's office show there was a balance due? Usually the websites show payments made. If there have been no payments made & a payment was due, contact your mortgage company as soon as possible and find out what happened. Why wasn't the tax bill paid?

Yes, keep a copy of your payment (check or print out from on line) with your 2010 tax information and add it to any other payments made during the year (by you or your mortgage co.) Report the total payments made on your Schedule A under property tax payments.

ETA: The $88 was probably just an amount that should have been charged through escrow @ closing (a miscalculation by the escrow co. in preparing the closing statement) & a one time event. In this case, there's no reason to contact your mortgage company.

Add $88 to your other property tax payments on Sch A Itemized Deductions in 2010 (the year you pay the taxes).