Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you will find out: - Exactly how much home or land you can afford. - How much cash you will need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. I help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as a top Point Loma, Ocean Beach and San Diego real estate agent to offer services such as these. Once you fill out the form, I will quickly process your information and get right back to you! I can help you pre-qualify for your mortgage. It's my job! This is free and without obligation...
Making An Offer >Good Faith Deposits
After many months of searching, you have found your ideal house. You are a little older and a little wiser now, so you want to give the impression that you are serious without appearing to be too eager. What should you do? In the marketplace, "money talks."
There is no absolute rule about how much "good-faith" deposit you should put down--but it is a tool to make your point with the seller. The typical $1,000 will hold many homes for you, except in larger-home markets where it may be critical for you to show that you are an especially serious and able buyer. You don't want to make a deposit that is too large in case there is a problem getting your money back, but if your offer is substantially below the asking price, a larger deposit--$5,000 or $10,000--might influence the seller.
If you make a low deposit with your offer, be sure to provide for an increased deposit when the offer is accepted or upon removal of the contingencies.
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| Q |
What is a "jumbo mortgage"?
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| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
 See More Real Estate Trivia > |
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Carolyn Yarbrough
Prudential California Realty
2830 Shelter Island Drive
San Diego, CA 92106
619-807-4090
Fax: 619-226-6649
CarolynYarbrough@NUMBER1EXPERT.com
I feel my greatest attribute in selling a home is my aggressive marketing plan. I continually strive to master every avenue to best expose my listings to get my client the best price possible. I understand what a home means, and for over the last 6 years, I've been helping people purchase the homes of their dreams by providing reliable and convenient resources for all aspects of the buying and selling process, making your experience exciting rather than stressful.
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