To find the right mortgage for your financial situation, use our mortgage calculator as a guide to figure out your estimated monthly payments, interest and principal rates, and the length of the mortgage.
Generally, a mortgage payment consists of PITI: Principal, Interest, Taxes, and Insurance. Principal is the monthly payback of the loan amount; Interest is the monthly payment of the cost to borrow the principal amount; Taxes consist of Real Estate taxes, which is paid to a local government agency; and Insurance deals with Homeowners insurance and any mortgage insurance (paid to protect the mortgage company). Buyers should also be aware that there are many types of mortgages, two of the most popular mortgages are: fixed and adjustable. Fixed mortgages have fixed interest rates and terms (e.g., 15 or 30 years). Principal payment and interest won’t change during the term, and both the interest rate and term are determined at the beginning of the mortgage. Adjustable mortgage rates, or ARM, are different from fixed mortgages in that the interest rate will go up or down depending on the current interest rate levels. The same can be said about the monthly principal and interest payments.
* (30 years = 360 months, 25 years = 300 months, 20 years = 240 months)
Bob is an experienced real estate agent who has been helping buyers looking to purchase real estate in Downtown San Diego, Point Loma, Point Loma Heights, El Cajon, Mission Hills-Hillcrest, North Park, Carmel Mountain, Encinitas, Leucadia, and Olivenhain. Backed by the resources of Keller Williams Real Estate, Bob has the support, technology and continuing education to stay abreast of local and regional market changes to ensure that his clients have the information they need to make the right real estate decisions. (more)
Born in Minneapolis and having lived in Chicago prior to moving to San Diego in 1989, Bob knows that San Diego is the place where he wants to spend the rest of his life. San Diego's flourishing economy and family-friendly communities are what excites him when introducing prospective homebuyers to the various neighborhoods in this great city. Bob takes a disciplined approach to managing every phase of the real estate transaction and his commitment to always keep his clients' best interests at heart makes for a positive and rewarding experience.
Bob boasts a high repeat business and referral rate and credits that to his warm personality, strong negotiating skills and willingness to arm his clients with the knowledge they need to make an intelligent investment decision. He is very active within his community and is a big supporter and donor of the San Diego Blood Bank. Bob is not afraid to talk clients out of buying a home if he feels it's not the right situation for them; that honesty is a testament to his integrity and "client-first" mentality. If you are ready to purchase a new home and want a private consultation, or are interested in selling your home, please call Bob today at 619-379-1475 or email email@example.com.