Property Q&A in 92054>Question Details

Suzette Gomez, Home Buyer in Oceanside, CA

what would the monthly payments be?

Asked by Suzette Gomez, Oceanside, CA Fri Sep 26, 2008

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This question is about this property: http://www.trulia.com/property/1068203934-2221-El-Monte-Dr-O…

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5
Hi Suzette,

Here is a link to a Mortgage Calculator Page for general calculations (of course you need to speak to a lender to find out what your situation will be)

- wait a minute for the page to load!

http://www.soldbyvickib.com/custom2.shtml
0 votes Thank Flag Link Mon Sep 29, 2008
Hi Suzette,

Monthly payments to determine affordability ususally include PITI and HOA: principle, interest, taxes, insurance, and HOA dues. Since this home does not have an HOA nor Mello Roos taxes, it is fairly straightforward to figure out your monthly payments. The key will be the type of loan your qualify for or choose.

There are many loan officers and real estate agents in this business. With an important purchase like a home, you should interview several loan officers and agents. This little bit of extra work in the beginning will make a huge difference at the end.

Ask how many years they've been in the business full time, how many loans or homes do they do per year, do they have an area of specialization, do they have past clients you can talk to etc.

The good ones will help you make informed decisions by answering all your questions, or telling you about things you might not know to ask. They should look out for your best interest, and never pressure you into something. And even though there is a mountain of paperwork, buying a house can actually be fun when you have honest and competent people on your side.
0 votes Thank Flag Link Sat Sep 27, 2008
Michael's answer is correct...your exact payments will depend on several variables. In this real estate market, it is very important that you speak with a lender before you begin your home search so that you know what you can afford to buy and you have a loan approval that you can submit with your offer. My team has helped a number of people buy homes in Oceanside and Vista in the past few months....there are a lot of great opportunities out there right now. Let me know if you need help finding a lender and then finding a home.
0 votes Thank Flag Link Sat Sep 27, 2008
Hi there Suzette, It depends on many variables, down payment, Interest rate, type of mortgage,
I would recommend you talk to a reputable Mortgage Broker, if you need a recommendation I would recommend Rose Evans, Cal Pacific Mortgage, (888) 463-7673 , rose@rosemortgage.net.

I you need more information on the property or assistance with structuring an offer please let me know

Kind Regards
Michael Barron
First Team Real Estate
michael-barron@sbcglobal.net
(714) 552-6817
0 votes Thank Flag Link Sat Sep 27, 2008
Hi Suzette,

The monthly payment(including taxes, insurance, ..) is roughly $2400/month.

For every $100,000 you would pay $700/month.

sincerely,

Homa
Broker Associate
Prudential California
0 votes Thank Flag Link Fri Sep 26, 2008
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