Residential Wholesale Mortgage Inc BBB Business Review Make a Payment My Account Webcard Contact Me
Blog


San Marcos City Council approves six-story hotel

Photograph

In a 4-1 vote, the San Marcos City Council approved the construction of a six-story hotel near the Nordahl exit on State Route 78. While buildings of this height are rare for San Marcos, the development on Montiel Road and Leora Lane is the second six-story structure recently approved by the City Council.

The project is planned to be an upscale hotel similar to the Marriott Courtyard, with 128 rooms, a café, a fitness room, a pool, and underground parking. With the rooms costing around $159 to $179 dollars a night, the hotel is expected to bring in $400,000 dollars in hotel taxes to the city. This is also expected to rise over time.

A traffic study of the proposed development estimates that the hotel will bring in around 900 daily trips to the area. This includes around 75 additional drivers in both the morning and evening rush hour times. Some residents are expecting this increase in drivers to negatively affect traffic.

Some residents are also hesitant to support the project due to the glare from a building of this size. However, the Carte group is willing to work with the city when constructing the building to minimize this effect through design and material selection.

The council ...


When Are Mortgage Payments Due?

Jan 23
4:14
PM
Category | General

When Are Mortgage Payments Due?

Photograph

 

After you successfully close your loan, you will have to be prepared to keep up on your mortgage payments. So what does a monthly mortgage payment consist of and when are expenses such as property taxes and insurance due?

 

Understanding PITI

Mortgage payments are commonly structured based on what is known as PITI. PITI stands for Principal, Interest, Taxes, and Insurance, which are all of the charges that can be included on your mortgage payment. Let’s break it down further.

The principal is the outstanding loan balance on your mortgage. Since the goal is to get that balance down to zero, most payment options will have a part of your monthly payment going towards paying off the principal.

The interest is the agreed-upon interest rate that is charged for the money you have borrowed. Typically, interest is a consistent portion of your mortgage payment unless it is an adjustable rate mortgage.

The taxes in PITI refer specifically to property taxes, ...


It’s Restaurant Week in San Diego!

Jan 21
6:05
AM
Category | General

It’s Restaurant Week in San Diego!

Foodies rejoice, San Diego Restaurant Week is here! From January 21st to 28th, over 180 participating restaurants will be offering special two course lunches and three course dinners. The restaurants will all be using the same prix-pricing of $10, $15, and $20 lunches and $20, $30, $40, and $50 dinners. No special tickets or passes required, just ask for the SDRW menu at participating restaurants!

Here is the complete list of the restaurants that will be participating in San Diego Restaurant Week.

                                

East County

Antica Trattoria
La Mesa – Contemporary Italian
$15 Lunch | $40 Dinner

BO-beau kitchen + garden
La ...


HUD Announces Increased Funding for San Diego Homelessness Initiatives

 

The US Department of Housing and Urban Development (HUD) has announced that it will be giving $20.03 million dollars to programs in San Diego that fight homelessness. This is $2 million dollars more than last year’s funding from Housing and Urban Development.

This year, HUD is providing funding to 7,000 homeless programs nationwide to the tune of $2.01 billion dollars, a record high for the department. While HUD’s overall budget is being reduced, this is still higher than last year’s $1.95 billion dollars spent towards combatting homelessness. Overall, HUD granted around $383 million dollars to entities within California, more than any other state.

As with the last administration, HUD prioritized programs that focused on a housing-first model when determining who will receive funding. A housing-first strategy is an approach that aims to get the homeless into affordable, permanent housing with few to no barriers.

“It’s the most compassionate way of doing things, but it’s also the most efficient,” said HUD Secretary Ben Carson.

HUD also made it clear that they ...


Home Buying New Year's Resolutions

Jan 12
3:11
PM
Category | General

2018 Resolutions for Buying Your First Home

 

With 2018 upon us, many are taking it as a chance to improve our lives. Some are making resolutions to spend their time more wisely, others are trying to lose weight, and some are deciding that they want to make the switch from renter to homeowner. Here are 6 New Year’s Resolutions that can help make you more prepared to buy your first home.

 

Resolution One: Know Your Needs

 

While shopping for a home is one of the earliest stages in the home buying process, you might get buyer’s remorse if you don’t know exactly what you are looking for when shopping for homes. This is why it is crucial to determine what you want and what you need early on as a home buyer. Consider things like how many bedrooms and bathrooms you will need, the type of neighborhood that you want to live in, size of the yard, proximity to local destinations, commute, and home design. This will help ...


Showing results 11 - 15 of 142

Mortgage Company Websites - Powered by Lending Manager