If you are in the market to buy a home in Las Vegas, I have two very important things to tell you;

1. You have made a great decision!
2. Find yourself an honest, reliable and most importantly EXPERIENCED Loan Officer.

First, I believe you have made a terrific decision to buy a Las Vegas Home.  Although Las Vegas has been one of the hardest hit areas in this declining market, many of the factors that drive this market have not changed.  I have listed some of those key factors below:

• Nevada is one of the most Corporate friendly States.  Many companies are relocating and bringing massive work forces with them. 
• Tourism is what drives our local economy and it is still booming!
• Because of the tourism, commercial construction and casinos are still going strong.
• Every time a casino opens its doors, it creates many thousands of new jobs in ever sector.
• Job opportunity continues to bring 4,000 to 6,000 new residents to Las Vegas every single month.

• I could go on but I am sure you get the picture.

Once you have made a decision to buy in Las Vegas, your next step should be to find a quality Loan Officer and get Pre-Approved!  The current mortgage market is in shambles.  Changes are coming down daily from Freddie Mac, Fannie Mae and all of the major lenders.  It is important that you find an experienced Loan Officer that KNOWS what the current market is doing and can anticipate changes that are going to soon happen.  No longer should you trust just anyone with the financing of your most valuable asset, which is your home. 

In the past couple of years, too many homeowners played "pin the tail on the donkey" with their Mortgage Lender and LOST!  Before you move forward with any lender your should ask a couple of very important questions:

• How long have you been in business?
• What are your strengths and weaknesses when it come to lending?
• How long has your company been in business in Las Vegas?
• How do you seen the Las Vegas market in the next 2 to 5 years?
• Can you offer every loan program that is currently available?

If you get push back from the Loan Officer, RUN!  That is not the Loan Officer for you.  Any good Lender should answer every question with a solid answer and not have to think about it.  Our jobs are to know what is going on in the current Las Vegas market.  We should also know what programs are available and if we offer them or not.  Do your homework and make sure that the Loan Officer has the experience and knowledge to make things right for you.

If you have any questions about buying a home in Las Vegas or the current state of the mortgage or Las Vegas market feel free to contact me directly and I will be happy to help you.

Your Mortgage Partner for Life,

Rey Gallegos
Home Loan Consultant