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When Are Mortgage Payments Due?

Jan 23
Category | General

When Are Mortgage Payments Due?



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
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
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 ...

December 2017 in Review

Jan 9
Category | General

December 2017 in Review

The top San Diego economy news stories, real estate statistics, bond rates, stock indices, and more for the month of December.



  • The median sales price of all San Diego homes was $550,000, which is 1.85% higher than last month and 6.18% higher than last year.


  • There were 2,725 home sales in December, which is 13.19% lower than November and 9.56% less than last December.


  • The median number of days on the market was 24 days, which is down 4% from November and down 17.24% from last year.


  • 24.1% of the homes sold in December were sold for higher than their listing price, which is up 2.07% from ...

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