VA Loans in Las Vegas, Key Changes in Your VA Benefit - 12/21/07 10:09 AM
The VA Zero Down Home Loan is one of the best kept secrets in lending.  In the past, many 100% Financing options have over shadowed this mortgage loan but recently we have seen a tremendous resurgence of the VA Loan in the Las Vegas area.  This loan is quite simple to understand … (4 comments)

What To Expect From Your Mortgage Transaction - 12/17/07 06:05 PM
Well folks, things have certainly changed in the last 6 months to a year in the Mortgage Industry.  There are quite a few stories about how the market, guidelines, documentation, etc. are changing but one thing that has not been touched on is the overall mortgage experience.  There are still many … (3 comments)

FHA Says Yes While Others Say No - 12/14/07 09:40 AM
The FHA Loan Expansion bill is expected to be passed in the Senate soon.  The new bill would reduce the required down payment on FHA Loans from 3% by half down to 1.5%.  The bill would also increase the FHA Loan Limit in some areas up to $417,000. 
This bill would … (9 comments)

Fannie Mae Says They Want Less Business... - 12/10/07 12:55 PM
Fannie Mae Says We Want Less Business...well not in so many words!
On December 5, 2007 Fannie Mae announced that it will re-institute it's Maximum Financing in Declining Markets Policy.  This policy had been removed by Fannie Mae in January of 2006.  Basically, this policy will reduce the Maximum Loan-to-Value (LTV) Ratios by … (6 comments)

I blame you for the mess we are in... - 12/06/07 05:51 PM
Last month Fannie Mae and Freddie Mac announced new loan level adjustments.  They are moving to more of a risk based pricing model, no doubt in response to recoup losses and mitigate further losses.  These adjustments will mostly be based on FICO score.  Before to qualify for Fannie or Freddie conforming loan, you needed … (43 comments)

Help, I Must Refinance but I am Upsidedown - 12/04/07 11:23 AM
Many Las Vegas residents have been reaching out to me for help.  The common question seems to be "I owe more than my home is worth, can I still refinance?" or "Can I still refinance if I am upside down in my Home Loan?"  
You may recall a couple of weeks ago when I … (5 comments)

 
Loan Officer: Rey Gallegos Home Loan Consultant Las Vegas, NV (A Mortgage Bank)
Rey Gallegos Home Loan Consultant Las Vegas, NV
Las Vegas, NV
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A Mortgage Bank

Office Phone: (702) 808-8328
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FAST LAS VEGAS MORTGAGE QUOTE! Your complete Henderson & Las Vegas, Nevada Mortgage & Home Loan Blog. Written by an experienced, reliable Nevada Mortgage Loan Officer. Blog topics include; Buying a home, Refinancing your current mortgage, Online Mortgage Application, Mortgage Quote, Home Loans, Henderson, Las Vegas, and Nevada News.


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