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Additional Information

Buying and financing real estate are processes filled with questions. Here are the answers to the questions most commonly asked, as supplied by

Have a question that’s not listed below? Click here or call 619-659-3550 and we’ll provide your answer.

  • Why should I buy, instead of rent?   A primary residence home or rental property is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home or investment property may go up over the years.How much money will I have to come up with to buy a home?
  • How do I know if I can get a loan?
  • In addition to the mortgage payment, what other costs do I need to consider?
  • So what will happen at closing?
  • What do I need to take with me when I apply for a mortgage?
  • I know there are lots of types of mortgages—how do I know which one is best for me?
  • When I find the home I want, how much should I offer?
  • What if my offer is rejected?
  • So what will my mortgage cover?


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Home Buyer Tips

Buying a Home

Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors!

1. Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.

2. Know your rights

3. Shop for a loan

4. Learn about homebuying programs

5. Shop for a home

6. Make an offer

7. Get a home inspection

8. Shop for homeowners insurance

9. Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!