Windsor Hills La Mesa Homes

Windsor Hills is a community in La Mesa, that rests in the hills above Downtown La Mesa. There is no community marquee, and the community itself is only comprised of 10 streets of homes, which include Summit Drive, Eastridge Drive, Sheldon Drive, Windsor Drive, Cinnabar Drive, Beverly Drive, Valle Drive, Pasadena Avenue, Vista Drive, and Prospect Way.

Windsor Hills La Mesa Real Estate Agent

Here at SCA Real Estate, we want to be your Windsor Hills Realtor, and help you with all of your Windsor Hills needs, from Selling a home in Windsor Hills, to Buying a home in Windsor Hills, we are here for you! There are a limited number of homes for sale in Windsor Hills La Mesa, mainly because most of the owners have owned for several decades, so this neighborhood does not have a high turnover rate

Windsor Hills La Mesa Homes For Sale

There are currently 9 homes for sale in Windsor Hills, ranging in size from 1500 square feet to over 3000 square feet, in price from 400,000 to over 700,000, and in views from city views to full ocean & downtown views. To find a home for sale in Windsor Hills, or if you are simply interested in Selling your Windsor Hills Home, Give us a call at 951-225-3030 and let us help with all of your Windsor Hills Real Estate needs!

What is the San Diego County Supplemental Tax Bill and Do I Need to Pay it?

For those buyers purchasing a new home (new construction or resale) in San Diego County, you will receive one or more Supplemental Tax Bills sometime in the 6 – 12 months following your close of escrow (I got that time frame direct from the San Diego County Tax Office) – the dates may vary for mailing the San Diego Supplemental Tax Bills.

All San Diego County real property is required to be reassessed following a change of ownership (or the completion of new construction). When you purchase a home you take on the current tax assessment and billing and are required to pay the property tax due according to the standard property tax payment schedule:

• Fiscal year begins – July 1
• 1^st installment due Nov. 1
• 1^st installment delinquent date Dec. 10
• 2^nd installment due Feb. 1
• 2^nd installment delinquent date April 10
• Annual property tax bills are mailed in October (both installment coupons)

Given when the home was last assessed, the current assessment and tax amount might be higher or lower due to shifts in pricing and property values, the purchase price, and other factors.

The San Diego County Supplemental Tax Bill will reflect the reassessment and the increase OR decrease in the tax amount due. The Supplemental Tax Bills are sent to the property owner, NOT the lender (even if you are escrowing money each month in your mortgage payment for tax purposes, i.e., an impound account).

For more details on everything you should know about your San Diego County property taxes and Supplemental Tax bills, visit the San Diego Treasurer-Tax Collector website.

Homeowners can pay their San Diego property tax bills on-line, too.

Tough day yesterday for rates, and a tough start today as well. What can we expect from mortgage rates for the rest of the quarter? All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Tuesday 3-13-2012 and will help you understand todays best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.

The market closed Monday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's WORSENING resulted in a change of 18 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

The following chart shows market activity over the past 1 month:

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications): NOTE: This Lender has quoted a 1.00% Origination Fee (1 Point) to accompany this pricing. It bears noting that this chart does not necessarily represent todays best mortgage rates.

Market Commentary

Analyst: Bill Fisher

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), Jason E Gordon utilizes his advanced training to examine a prospective Client's complete financial picture, while carefully listening to their overall goals. If it is mutually agreed that a new loan makes sense to pursue, Jason strives to make the entire loan process as seamless as possible. He truly believes that providing open communication and patient educational guidance to his Clients and Business Alliances has been a pivotal component to building his business, while enhancing his reputation in the Mortgage Industry as a Trusted Advisor. Visit www.jasonegordon.com or www.ApprovingSD.com or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's lowest mortgage rates

MORTGAGE LOCK ADVISORY

March 13, 2012, 7:00 AM PST

Click for Lock Advice Updated Several Times Daily

7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.09 point

30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT

MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.875%
MBS (3.5%) - 103.25, High: 103.25, Low: 103.13
DJI Stocks currently $13,011.18, Up $51.47, Change 0.396%
Asian & European Stock Market Indexes Up 0.879%
Nymex Crude Oil Currently $106.08 Down $0.26
Gold 1 Once - 1691

MORTGAGE NEWS BRIEFS

MBA: Mortgage Applications Up 7.5%
Mortgage applications increased 7.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Feb. 3. >>Read More MortgageOrb.com

Of G-Fees, Taxes and Politicians
It would appear that certain politicians-both left and right-look at guarantee fees and say to themselves: Hey, here's a way to raise some revenue and no one will blame us for taxing mortgage lenders. Well, guess again >>Read More National Mortgage News

Payrolls Up, Uneployment Steady in February
The U.S. Bureau of Labor Statistics reported data Friday that indicates nationwide employment gains and a static unemployment pace for February. According to the recent statistics, the country added 227,000 jobs during the month, and February's numbers, which represent the seventh straight month of 100,000-plus payroll gains, mark the longest period of consecutive increases since 2005.

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

How we calculate mortgage insurance (MI) on FHA loans to figure out a monthly MI payment.

View "What exactly is PMI, MI or MIP? " for more info.

What you will need:

A standard calculator

A piece of paper/pen

A little patience

An understanding of MI factor

An understanding of UFMIP

Here is the formula -

Loan amount multiplied by to monthly MI factor divided by 12 equals your monthly MI payment.

MI factor is the number used to calculate the sum. FHA rules change but as of March 2012 these are the guidelines.

If you have a down payment less than 5% then your monthly MI factor is 1.15 (This will increase April 9th). If you have 5% or greater down payment your monthly MI factor is 1.10

UFMIP is a one time payment to FHA. It stands for Up Front Mortgage Insurance Premium. Easy way to think of it is similar to buying or leasing a car. You put a down payment and then have monthly payments. Currently UFMIP is equal to 1% of the loan amount. April 9th it will increase to 1.75%.

Hypothetical scenario:

Purchase price $300,000 - 3.5% down payment ($10,500) = $289,500 loan amount

Base loan amount - $289,500 X 1.15 = 3,329.25. Divide by 12 = $277.44

The monthly FHA MI payment in this scenario would be $277.44 per month.

If the down payment is 5% or greater then use 1.10 instead of 1.15 (April 9th this will increase by .10 for both scenarios).

Your loan amount wil be different. This is because in addition to the monthly MI payment FHA also charges a one time Up Front Mortgage Insurance Premium of 1%. (Increases to 1.75% on April 9th 2012)

Apply UFMIP - Loan amount $289,500 X 1% (2,895) = $292,395. This is your new total loan amount.

Feel free to contact us with any mortgage related questions.