las vegas mortgages: Getting a Mortgage Loan aka Jumping Through Hoops of Fire! - 06/01/14 03:22 PM
If you haven't tried getting a mortgage loan in the past five years or so, you will be shocked at how difficult and arduous the process can be these days, for even the best of borrowers with A+ credit. Stringent federal regulation and fear of costly penalties for even the smallest infraction have Las Vegas mortgage lenders on the edge of their chairs, making sure every "i" is dotted and "t" is crossed. Applying for a mortgage is very much like being pregnant and going through labor: It's a painful ordeal that seems to have no end, but once you are settled in … (0 comments)

las vegas mortgages: 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 mortgages: New Loan Programs Including: One Day out of Foreclosure! - 03/31/14 12:28 AM

A local Las Vegas lender is thinking outside the box with three brand new loan programs for Nevada home buyers! These mortgages are truly unique and no other lender is offering them.
Fresh Start Program - One day out of foreclosure or short sale with 20% down payment! If you've been told before that you had to wait one to seven years to purchase a home, wait no more. This program is designed for owner occupants only, and the interest rates are outstanding. 5% Down Jumbo Loan Program - This program is designed for owner occupants, but vacation home buyers can … (2 comments)

las vegas mortgages: 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 mortgages: Real Estate in Las Vegas - What is Included in the Contract - 03/07/10 08:52 AM
Real estate contracts can vary substantially from city to city or state to state. We are often asked what is included in contacts for real estate in Las Vegas, so below we have provided an overview. We do use the standard Greater Las Vegas Board of Realtors purchase contract which contains many provisions for the protection of both buyers and sellers. The only exception to using a standard GLVAR contract would be when purchasing Las Vegas new homes from a developer. In that case the purchase contract is supplied by the developer.
So when you have finally identified the perfect home for your family, your … (1 comments)

las vegas mortgages: Deed for Lease Gives Second Chance for Las Vegas Homeowners - 11/07/09 04:31 AM
For Las Vegas home owners who have been unable to qualify for a loan modification and are facing foreclosure, a new Fannie Mae program would at least allow them to stay in their homes for up to a year if they are willing to sign over their homes to the bank on a deed in lieu of foreclosure. The bank would then lease the house back to the borrower at current market rate for up to a year. After the initial lease period expires, there's the possibility that the bank would extend the lease on a month to month basis.
The … (2 comments)

las vegas mortgages: Existing Homeowners Happy about Extended Tax Credits! - 11/06/09 01:00 PM
Las Vegas real estate agents and homeowners alike are celebrating the news! It looks like the first time home buyer tax credit will be extended through April 30th of 2010, and more buyers than ever before are now eligible to take advantage of the new credit guidelines. Income caps have been raised from $75,000 to $125,000 for individuals, and from $150,000 to $225,000 for couples.  In addition, move up homeowners are going to get a piece of the pie as well. Any homeowner who has owned his home longer than five years can get up to a $6500 credit on the … (0 comments)

las vegas mortgages: Financing for Foreign Nationals Discontinued - 10/23/08 07:22 PM
Once again the mortgage lending guidelines have changed with the wind. For a brief period there was a window for foreign nationals to obtain mortgage financing on investment and second homes in the United States with down payments as low as 25%, but now that window has been slammed shut along with a host of other "make sense" loan programs. (Don't even get me started on condo hotels that can't be financed by anyone with even 50% down!)Many of the foreign nationals who contacted us in recent weeks were willing to put down as much as 30% to 40% or even … (0 comments)

las vegas mortgages: Las Vegas Home Inspections - 09/28/08 01:50 PM
I really must begin by thanking Diann Tonnesen for offering to allow me to blog on her site. In case you're not aware Diann is somewhat of an icon in the Las Vegas real estate community. To be offered to provide input for her web site is truly an honor. Thank you, Diann.Diann told me that I could write about anything I wanted to write so I chose something that has been needling me for quite some time now; the way people shop for a Las Vegas home inspector. Do you realize how most people shop for a home inspector? They … (0 comments)

las vegas mortgages: 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)

las vegas mortgages: General Las Vegas Real Estate Update - 03/19/08 03:44 PM
Today's blog is bits and pieces of things that are currently going on in the Las Vegas real estate market.Clark County commissioners have given final approval to plans for the $6 billion Las Vegas Plaza Hotel and Casino Resort (modeled after The Plaza Hotel in New York) to be built on the site of the former Frontier Hotel and Casino. Despite earlier rumors that the project was stalling due to a shaky credit market, Elad chief Miki Naftali said the project was "forging ahead as planned." Elad also owns The Plaza in New York and a Las Vegas spokesman for the … (0 comments)

las vegas mortgages: Refinancing Your Home Profitably - 03/14/08 01:50 PM
For homeowners who thought the federal tax refund checks were a nice surprise, you may be a candidate to save a lot more than a few hundred dollars. Fixed interest rates are still at very affordable levels, so it may pay to pull out your mortgage note and do a bit of comparing. Especially if you have an adjustable rate mortgage that is getting ready to go to a higher level. Refinancing may also allow you to avoid becoming a Las Vegas foreclosures statistic!But before you jump on the refinance bandwagon, here are a few "dos" and "don'ts" that should help … (1 comments)

las vegas mortgages: Las Vegas Foreclosures - 03/22/07 03:00 PM
Las Vegas Foreclosures - Few things are as devastating as losing your home. About 30 percent to 40 percent of the people who get behind in their payments never even contact their lender. Many times they feel like the lender can't do anything for them, and they are ashamed to admit they can't meet their commitments. But foreclosure is not always inevitable, and in many cases it can be avoided with some outside help and a little work.From the lender's standpoint, it's not uncommon that the sale of the foreclosed home is insufficient to cover the remainder of the mortgage. When … (1 comments)

 
The Tonnesen Team, Put a #1 Team to Work For You!  (Berkshire Hathaway Home Services Nevada Properties)

The Tonnesen Team

Put a #1 Team to Work For You!

Las Vegas, NV

More about me…

Berkshire Hathaway Home Services Nevada Properties

Address: 3185 St Rose Parkway Ste 122, Henderson, NV, 89052

Office: (702) 315-7844

Mobile: (702) 985-7654



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