las vegas mortgage loans: Mortgage Loans Now Available for Foreign Investors!
- 05/23/14 11:22 AM
Foreign national mortgages for Las Vegas investment properties are back! Finally there is once again a company which can finance mortgage loans for foreign nationals that want to buy investment real estate in Las Vegas. The minimum down payment is 50% of the appraised value with a minimum loan amount of $75k, so properties purchased must be $150k or greater to meet program guidelines. The main program requirements are as follows: LOAN APPLICATON All foreign properties owned by the borrower must be listed on the Schedule of Real Estate Owned. Verification of mortgage payments, taxes and insurance is required A … (3 comments)
las vegas mortgage loans: What NOT to do When Getting a Mortgage
- 04/09/14 06:12 AM
You can unknowingly sabotage your home financing goals by making some obvious and not-so-obvious moves with your finances. Check out the list below to see if you know the top 10 things NOT to do when you are in the process of buying a home in Las Vegas or refinancing. Do Not: Transfer money between accounts, unless receiving complete documentation from your bank, itemizing all transfers. Make unnecessary checking or savings account transactions, such as withdrawals or deposits Leave an existing job - changing jobs may mean you don't have an appropriate work history, especially if you change fields of employment … (0 comments)
las vegas mortgage loans: Help for Some Las Vegas Homeowners May Be On the Way!
- 10/28/11 04:09 AM
While exact details have not yet been announced, it seems that help for some Las Vegas homeowners may be on the way as early as November 15th. Homeowners that have a mortgage loan guaranteed by either Freddie Mac or Fannie Mae may be able to refinance soon, even though they are underwater.The Las Vegas real estate market was one of the hardest hit when the real estate bubble burst. Yet many Las Vegas homeowners have honored their commitment to lenders by not walking away from their homes and keeping their loans current, even though all around them they saw their neighbors … (0 comments)
las vegas mortgage loans: Tired of Losing Out to Cash Buyers?
- 10/05/11 11:34 PM
Tired of losing out to cash buyers on the Las Vegas homes of your dreams? You must get completely pre-approved for a loan before submitting an offer, and you must be able to close quickly once that offer has been submitted. So we found a mortgage lender who could help our clients compete in multiple offer situations.Southern Fidelity Mortgage, one of the Tonnesen Team Preferred Lenders, wants to earn your business and help you compete with all cash offers. They will guarantee: They will be ready to fund and close any loan within 15 days. Just submit your completed loan application … (3 comments)
las vegas mortgage loans: Fired Mortgage Exec Burns Homeowners too
- 09/24/11 06:49 AM
You hear all the time about angry ex-employees trashing a company’s computers or stealing their client files. Usually it is not just the employer that is harmed, but staff and customers as well. It’s sad to think that one disgruntled person could thoughtlessly hurt so many others in retaliation, but that’s just what happened this week at one local Las Vegas company. For purposes of this article we will call our executive “Tom.” Tom was the president of the residential loan division of a local Las Vegas mortgage lender. Mortgage brokers typically have lines of credit that they use to fund … (0 comments)
las vegas mortgage loans: Declining Markets and Increased Down Payment Requirements for Mortgage Loans
- 03/24/08 06:57 PM
Just when the Las Vegas homes market was starting to come out of the doldrums, Fannie Mae put another roadblock in front of many would be Las Vegas homeowners. We had been experiencing a lot more activity over the past month and at the auctions almost every property had actually been put under contract.Then Fannie Mae announced a new guideline relating to insuring loans in declining or soft markets. In Clark County, the new guideline requires a 5% reduction in the form of an additional down payment by the buyer on the maximum loan allowed on a residence. This new guideline officially … (0 comments)
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