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Home Buying in National City : Real Estate Advice

  • All54
  • Local Info3
  • Home Buying14
  • Home Selling0
  • Market Conditions1

Activity 11
Thu Jan 10, 2013
Cindy Davis answered:
We're not allowed to answer that type of question. I recommend looking up the crime can punch in this exact address to see what is going on there in terms of crime ... more
0 votes 4 answers Share Flag
Mon Jan 26, 2015
Suzanne MacDowell answered:
I believe the waiting period is 3 years. Check with a lender to be sure.
0 votes 2 answers Share Flag
Thu Jan 10, 2013
Daniel Di Matteo answered:
Hi Rachel,
Short sales can be a great opportunity as long as your agent is very familiar with the short sale process.
There are many pitfalls you should be aware of before comiting to one.
If you need someone to help you through it I'd be happy to help.

Daniel Di Matteo
Century 21 Award
... more
0 votes 14 answers Share Flag
Tue Jan 11, 2011
Mary Ellen Wilson answered:
When I owned property there a couple of years ago, you needed to send in a letter requesting a rental increase 60 days prior to the anniversary.
0 votes 0 Answers Share Flag
Fri Oct 22, 2010
Cory La Scala answered:
This part of National City is a busy commercial area, especially since it's close to the freeway, although there's a park a few blocks south. A unit in the 650- 700 square foot range will be about $190k-205k, and there are also 500 square foot units (and smaller!).

Don't hesitiate to contact me if you'd like to see the units that are on the market.

... more
0 votes 2 answers Share Flag
Thu May 21, 2009
Steven Ornellas answered:
Hi Rabia,

FHA requires you will have to pay Mortgage Insurance for a MINIMUM of 5 years, or until you have paid your original LOAN AMOUNT down to 78% (not that the loan amount is 80% of current market value, which is typical for non-FHA MI removal). This "78% or 5-year Rule" before Mortgage insurance can be terminated is covered here:

MI refund is based on a few things, and can be reviewed here:

Best, Steve
... more
0 votes 1 answer Share Flag
Sat May 16, 2009
Adrian Huntington answered:
If you borrow above 80% of a homes value, you will have to pay for Mortgage Insurance to cover the Lender's risk for the higher LTV. FHA automatically takes some of the Mortgage Insurance upfront and it is added to your loan amount. By paying for part of the MI upfront it decreases the additional amount you must pay each month for MI. Unlike a Fannie Mae or Freddie Mac Conventional Financing that doesn't have this option. It is designed to help minimize your monthly payment, as MI can be expensive. ... more
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Sun Jan 8, 2012
lisa bikki answered:
You need to be able to trust your lender as to help you with this decision. Of course, they can't tell you what to do but they do have insight as to which direction you should lean.
0 votes 3 answers Share Flag
Sat Sep 20, 2008
Nick Rhea answered:
Under 6% if you have good credit. Accurately comparing loans requires building a spreadsheet and determining the length of time you plan to have the loan. The reason it is not as simple as comparing interest rates is because there are many different loan programs available. Some pay your closing costs, some charge points, etc.

We provide these types of analysis at Bombora Investments for free.
... more
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