San Diego Home Buying Information

Written by Helen Glenn Court
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The most important San Diego home buying information out there is related the mortgage you'll take to buy the property. Certainly the mortgage has everything to do with your ability to buy property in California's newest hot spot. Certainly that's exactly what you want to do and why you're researching San Diego home buying information, after all. San Diego is a marvelous place to live. Its Pacific surf, 35-mile stretch of wide sandy beaches, and year-round temperate climate have been extolled for good reason.

San Diego Home Buying Information: Mortgages

From your perspective as a buyer the first step is to qualify for a loan. What does that involve and who funds it? The factors that affect whether you qualify are your credit rating, annual income, earning potential, outstanding debt, and down payment amount.

You'll probably end up talking with several mortgage lenders, and certainly should do so, to see what type of loan you qualify for. For them, the first step is to determine whether you are a low-risk or high-risk loan. In the midst of this you'll be providing a great deal of financial information--see above--so that the lender can make these determinations. You usually need to provide documentation, often several years' worth of annual federal tax forms are adequate.

If you're a first-time home buyer or new to the state, know that California mortgage lending is especially complex. A great deal of basic San Diego home buying information is available online. It's a great place to start. But your best information--certainly that tailored to you, your circumstances, and the property you hope to buy--will come from your broker and realtor.

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