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What San Diego County House Buyers Should Know About All-In-One Loans

For those house buyers in San Diego County, CA, we’ll cover what you should know about all-in-one loans and other options you have available. Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property.

Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play.

In this article, we’ll walk you through dealing with a distressed property. We buy houses for cash in San Diego County and we know how your situation is stressing you. As homebuyes in San Diego County CA, we can help you have a stress-free sale by buying your house from you! Let’s dive into some of the options to sell a distressed property in San Diego County CA.


Interest Saved Vs. Interest Earned

While you may earn a small amount of interest on your checking or savings accounts, San Diego County house buyers should know about the interest saved by allowing the balance to apply to the principal on all-in-one loans, which is another one of the benefits the program offers.

Comparing Apples and Oranges

Amortization for a 30 year fixed or closed-ended with no early payments generally takes 21 years before your payment becomes about 50 percent interest and 50 percent principle. San Diego County house buyers should also know that all-in-one loans are open-ended adjustable-rate mortgages, calculated by the daily outstanding principal balance times the current month’s fully indexed interest rate. Simple interest is calculated daily but charged at the end of the month. All-in-one loans are also tax-deductible.

First Lien

Just as it sounds, San Diego County house buyers should know that one requirement of all-in-one loans is first-lien loans or first mortgages, and there is no need to worry about a second mortgage payment.

Eligible Property

San Diego County house buyers should know that all-in-one loans are available to eligible borrowers, typically with at least 20 percent equity, for a new mortgage, refinancing an existing primary residence, second home, or investment property.

Loan Amount

San Diego County house buyers should know that your eligibility with the lenders of all-in-one loans will be dependent upon the loan-to-value ratio (LTV) and your credit score. These loans are typically for around 80 to 90 percent of the home’s value. However, your LTV and credit score will significantly influence the final decision.

Financing Other Investments

San Diego County house buyers should know about the power of accessing all-in-one loans to leverage their equity and attain more holdings, further increasing monthly cash flow and improving long-term passive income.

No Escrow

Unline conventional mortgage loans, San Diego County house buyers should know that you will be responsible for paying your property taxes and insurance because all-in-one loans don’t involve escrow accounts.

Features

San Diego County house buyers should know they can use debit cards, access mobile banking, and need no overdraft protection with all-in-one loans.

Online Simulators

San Diego County house buyers should know that many sites offer simulators to compare the actual cost of your current mortgage payment against an all-in-one loan. Just plug in the numbers and see the financial advantage for yourself.

The experienced pros at Sell Quick California are happy to answer any questions San Diego County house buyers need to know about accessing all-in-one loans. In addition, the professional buyers at Sell Quick California can help you evaluate your property’s value and find out if an all-in-one loan is right for you. Contact Sell Quick California at 1-866-497-8248.

Interested in more great articles, read this one about 4 Misconceptions People Have About Buying Investment Properties in Santa Clara County.

Sell My House In San Diego County CA To An Investor

No matter which option you choose, make educated decisions by taking the time to understand all of your options. We’re here to assist you with your current situation. We are San Diego County home buyers and we can buy your house from you. This means that you can sell your house in San Diego County directly to us no matter your situation.

When working with Sell Quick California, you don’t have to worry about fees and commissions! You can get a cash offer in just a few days as we offer cash for houses in San Diego County CA.

Call Sell Quick California today at 1-866-497-8248 or send us a message to discuss selling your commercial property to a San Diego County Investor. We can go over your property and let you know its market value and get you on your way to selling your property.

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