The Secret to Buying a Home with Less Than 20% Down: A Guide to Home Buyer Expenses – Part 6

 

 

Are you ready to buy a home but struggling with the 20% down payment? Let’s talk about Private Mortgage Insurance, or PMI.

 

PMI is an extra insurance policy required by lenders for conventional home loans if your down payment is less than 20%. You pay the premiums, and it protects the lender if you default on your loan.

 

The cost of PMI typically ranges from one half to 1% of the loan amount annually. For example, on a $800,000 loan, you could pay between $4,000 and $8,000 per year for private mortgage insurance.

 

You can avoid PMI by putting down 20%...but if that’s not possible, don't worry. PMI payments can be removed once you build up 20% equity in your home.

 

Other ways to avoid or reduce PMI include piggyback loans or opting for a government-guaranteed VA loan, if you are eligible.

 

While PMI is an additional cost, it can help you get into your dream home sooner because you don’t have to save up for the full 20% down payment on your new home.

Contact Me If You Are Looking:

 

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

 

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

#buyingahome #buyingahome101 #buyingahouse #buyinghouse #buyinghome #buyinghomes #buyinghouses #Sandiegorealestate #sandiegorealtor #sandiegorealestateagent #Sdrealestate #Sdrealtor #movingtosandiego #sandiegoliving #sandiegolife #PMI #PrivateMortgageInsurance #MortgageInsurance #FirstTimeHomebuyer #MortgageCosts #HomeLoan #HomeBuyingProcess #MortgagePayments

How Much Down Payment You Really Need to Buy a Home in San Diego California: A Guide to Home Buyer Expenses – Part 5

 

Wondering how much you need for a down payment on your dream home in San Diego? 🏡 Discover the secrets to making homeownership a reality with less than you think! Watch now to learn about down payment options, how much you really need 🌟✨

Contact Me If You Are Looking:

 

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

 

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

#buyingahome #buyingahome101 #buyingahouse #buyinghouse #buyinghome #buyinghomes #buyinghouses #Sandiegorealestate #sandiegorealtor #sandiegorealestateagent #Sdrealestate #Sdrealtor #movingtosandiego #sandiegoliving #sandiegolife #MoveToSanDiego

Escondido California Real Estate Surge: Understanding the $850,000 Median Home Price Trend

 

When it comes to hidden gems in the California real estate market, Escondido is quickly rising to the top. Nestled in the North County region of San Diego, this vibrant city offers a unique blend of suburban tranquility and urban convenience, making it an attractive destination for homebuyers and investors alike. Let's dive into the current median home prices in Escondido and what makes this city such a hot spot in today's market.

Escondido: A City on the Rise

Escondido is not just about sunny days and picturesque landscapes; it’s about growth and opportunity. As of June 2024, the median home price in Escondido has soared to an impressive $850,000. This marks a significant increase from previous years, reflecting both the city’s growing popularity and the overall trends in the California housing market.

Why Escondido?

Several factors contribute to the rising home prices in Escondido. The city’s proximity to San Diego, coupled with its more affordable housing options compared to coastal areas, makes it a prime location for those seeking value without sacrificing convenience. Moreover, Escondido boasts excellent schools, a thriving arts scene, and numerous outdoor recreational opportunities, adding to its appeal for families and young professionals.

Market Dynamics and Buyer Behavior

The current median home price of $850,000 represents a blend of demand, limited inventory, and the broader economic environment. Buyers are increasingly looking for properties that offer space, amenities, and a sense of community—qualities that Escondido delivers in spades. The city’s diverse housing stock, ranging from unique historic homes built in the late 1800s to charming mid-century homes to modern new builds, caters to a wide array of preferences and budgets.

Investment Potential

For investors, Escondido presents a compelling case. The upward trajectory of home prices indicates a robust market with the potential for significant returns. As the city continues to develop and attract more residents, property values are expected to climb, making now an ideal time to invest.

Final Thoughts

Escondido’s real estate market is a testament to the city’s growing allure. With a median home price of $850,000, it’s clear that this North County gem is no longer under the radar. Whether you’re a first-time homebuyer, a seasoned investor, or someone looking to relocate, Escondido offers a unique blend of opportunity and lifestyle that’s hard to beat

Contact Me If You Are Looking:

 

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

 

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

#Sandiegorealestate #sandiegorealtor #sandiegorealestateagent #Sdrealestate #Sdrealtor #sandiegorealtors #movingtocalifornia #movingtosandiego #sandiegoliving #sandiegolife #livinginsandiego #sandiegohomes #sandiegohomesforsale #sellingsandiego #escondidorealtor

Understanding Home Buyer Closing Costs: A Guide to Home Buyer Expenses – Part 4

 

Understanding Home Buyer Closing Costs: A Guide to Home Buyer Expenses – Part 4

 

If you're planning to buy a home in San Diego, California, it's crucial to understand all the expenses you'll encounter during the closing process. In this video, we break down the various closing costs you can expect, including lender fees, appraisal fees, title insurance, and more. Whether you're a first-time homebuyer or a seasoned property investor, this video will provide valuable insights to help you navigate the home buying process smoothly. Don't miss out on these essential tips to make your home buying journey in San Diego a success!

 

Don't forget to follow me for more valuable home buying tips and real estate insights!

 

Contact Me If You Are Looking:

 

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

 

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

Navigating Home Appraisal Costs: A Guide to Home Buyer Expenses - Part 3

 

Are you planning to buy or sell a home in San Diego, California? Understanding the costs associated with a home appraisal is crucial. In this video, we break down everything you need to know about home appraisal costs in America’s Finest City. Whether you're a first-time homebuyer, a seasoned investor, or looking to refinance, this guide will provide you with valuable insights. Don't miss out on this invaluable resource for anyone involved in the San Diego real estate scene!

 

Don't forget to follow me for more valuable home buying tips and real estate insights!

 

Contact Me If You Are Looking:

 

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

 

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

Home Inspection Costs Explained: A Guide to Home Buyer Expenses - Part 2

 

In this video, we break down the various expenses associated with home inspections, helping you understand what to expect and how to budget for this crucial step in the home buying process. Whether you're a first-time home buyer or an experienced investor, knowing the ins and outs of home inspection costs can save you time, money, and stress.

Contact Me If You Are Looking:

• To Buy or Sell a Home in the Greater San Diego Area

• For Expert Property Management in Escondido California

• To Get Connected to a GREAT Real Estate Agent in Your Area

• To Learn more about information in this video

• To Collaborate on a project together

Erik Braceland 619-947-3560

San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker 

California Licenses: DRE 02059069 NMLS 2064230

Braceland Homes, Inc.

Erik@BracelandHomes.com

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