This FHA Webinar offers a recap of FHA highlights.
From it’s inception to current guides, Nancy West, HUD Marketing Specialist provides a brief overview of where FHA is at today and how they got there. Streamlines, DAP’s, Gift Funds and more are covered in this one hour recording. Great overview!
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan. This generally won’t happen in a 30 day time-frame, [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer? Regardless of the motivation for keeping one property while purchasing [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
A mortgage is generally the largest debt most homeowners have to manage. It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the [...]
Written by: Mark Madsen |
Las Vegas, Nevada - 702-432-5626
Las Vegas, Nevada - 702-432-5626
*This is not an offer to lend. 
