las vegas mortgage: Home Buying Process - 06/08/10 11:47 AM
Home Buying Steps / Process: Step 1 - Getting Pre-Approved Prior to Shopping for a Home
It's obviously important to know how much home you can afford, what type of down payment to budget for, monthly mortgage payment as well as what type of loan program you'll be using to finance the new property.
Certain mortgage loans have residence type, HOA, appraisal or insurance restrictions that your agent needs to be aware of prior to showing you listings.
A personalized strategy session with a trusted mortgage professional should address all of your initial loan approval questions, as well as uncover any … (0 comments)
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las vegas mortgage: Why Real Estate Agents Should Stop Playing Loan Officer - 06/08/09 10:57 AM
I wasted a few hours this week cleaning up the messes that real estate agents created for their first time home-buyers.
End result - loan officer still looks like a jerk, but now the borrowers are really confused about who to trust.
I’m going to combine about five separate scenarios and conversations that I had this week into one rant just to get my point across.
First of all, the mortgage industry is changing very rapidly.
True mortgage professionals are paying attention to things like: HVCC, concerns of HR1728, Mortgage Insurance companies changing their guidelines, Fannie’s new condo rules, FHA fico … (9 comments)
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las vegas mortgage: FHA Short Refinance - 09/24/08 03:48 PM
A Short Refinance may be an option for Las Vegas homeowners who are making high mortgage payments on a property that is worth less than the amount owed.
Even though the most recent round of legislation with the new housing rescue plan does not provide for a significant principal reduction, there are still cases where a homeowner can possibly negotiate for a short payoff from their current lender and then obtain a new FHA mortgage at a lower loan amount.
Not to be confused with the “Obama Refinance” that does not allow for a modified loan amount higher than 105% Loan-to-Value … (0 comments)
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