As we all know, real estate owners pay a tax on the property they own. The tax is based on the market value of the property, which is generally set based on the latest sale price of the property. Find out how this proposed real estate tax law change to Proposition 13 could affect all of us financially.
San Diego is researching ideas to relieve the high cost of rent. Find out what is being done in your area to assist with high living expenses. Then, let Mission Fed help you reach your financial goals.
Since the Great Recession, home values and rental rates have increased dramatically, impacting affordability. With many publications showing the cost of housing in San Diego remaining between 40%-50% of net income for many households, it doesn’t appear we have made much progress in leveling out housing expenses.
Housing in San Diego is a serious topic that has seen a lot of change over the past two decades. Recently, there have been discussions about establishing rent control ordinances for our area. Find out the pros and cons in our blog.
We all buy goods from retailers, but do you shop more online or at physical retail stores? Mission Fed can provide you with the online tools, branch locations and products to help you succeed regardless of your preferred method.
It seems like apartment rents are going up every month. The Mission Fed Business Lending Department has a lot of experience with multifamily housing. In fact, about half of our business loan portfolio is for apartments. Keep reading to take a look at San Diego’s rental history, underlying rental increase causes and what we can expect in the future.
Have you thought about investing in real estate as a long-term financial asset? Mission Fed is here to help with five key ideas to keep in mind while you get started on your real estate investing career.
There are numerous lending sources for commercial real estate loans. Commercial banks, mortgage companies, and some credit unions offer loans on commercial real estate. There are six key areas that set Mission Federal Credit Union Commercial Real Estate Loans apart from the others.
Credit unions are thought of as locally based financial institutions that offer personal service and low lending rates for getting a credit card, auto loan or home loan. But did you know that some credit unions also offer great rates and service on business loans? Learn more about Mission Fed’s Commercial Loan Department.