Factors That Can Affect Closing On Time

According to National Association of Realtors, roughly 60% of purchase contracts actually settle on time. This means 6 of 10, of your transactions close on time.

What gets in the way? 

Financing:           39%

Appraisal:           16%

Title and Deed:   11%

Contingencies:     8%

Sellers/Buyers cold feet, HOA obstacles, etc.

Financing being the number one reason why a transaction fails to close. What specifically interferes is buyer’s income is not completely verifiable. Second, is down payment, and last but not least, buyers do something ill-advised during the processing of their loan file.  Call Joe Costa with San Diego's Park Place Financial Group today to guide you through the loan process and help close your escrow on time.

Why Should a Borrower Go with a Boutique Mortgage Company?

The mortgage industry, along with most industries today, is highly competitive.  As a borrower it is often dificult to know which mortgage company or lending institution to go with when applying for a home loan.  San Diego's Park Place Financial Group is a boutique mortgage company that prides itself with hands on service.  Joe Costa, broker and owner, states that "it is essential to build long lasting relationships with our clients.  This begins with building a solid foundation from the beginning with our borrowers.  At Park Place Financial Group we are available at all times any day during the week to answer any of our clients questions or help walk them through any part of the loan process."

Park Place Financial Group's Weekly Mortgage Segment with Joe Costa

Joe Costa provides an informational and entertaining weekly mortgage segment on San Diego's The Answer 1170am every Friday at 8pm.  He talks about real life situations and the importance of establishing a value based relationship with his clients.  He gives his listeners tips on how to go about finding the best mortgage professional to help answer all of your questions throughout a purchase loan process or a refinance for you current home.  He keeps his listeners informed on a variety of topics from interest rates to how to apply for a loan to getting a preapproval letter even before you go shopping for a new home to provide you with the most leverage when you do find the perfect home. For more information go to www.parkplacefg.com and get the most up to date information on his radio show.