It is my mission as your Las Vegas Mortgage Lender to provide an array of lending options to first time home buyers, current home owners, and investors both in residential as well as commercial opportunities. When I pull credit to find your loan program, we only need to pull it once to get quotes from all our approved lenders. Should you choose to go through your local bank; they will pull your credit once but only have access to rates and programs within their own walls.
If you aren't satisfied with their product or service, or are turned down, you may need to go elsewhere which means your credit will be pulled again. After this process is repeated there is a large problem that occurs. You credit score will decrease. The overall effect with the lower credit score is that you aren't eligible for the same loan programs as before; you will ultimately pay more out of pocket.
Bottom line is, go to the source that can take the hassle of shopping the rates for you. Go to a Las Vegas mortgage banker & broker.
If you aren't satisfied with their product or service, or are turned down, you may need to go elsewhere which means your credit will be pulled again. After this process is repeated there is a large problem that occurs. You credit score will decrease. The overall effect with the lower credit score is that you aren't eligible for the same loan programs as before; you will ultimately pay more out of pocket.
Bottom line is, go to the source that can take the hassle of shopping the rates for you. Go to a Las Vegas mortgage banker & broker.
Services
The program applies only to loans that are owned or guaranteed by Fannie Mae or Freddie Mac.
You can use the loan look-up tool available on Fannie Mae's website.
If Fannie Mae does not own your loan, then check the Freddie Mac loan look-up tool.
You have a small amount of equity or no equity (i.e., your loan-to-value ratio must be > 80% to be eligible).
You can use the loan look-up tool available on Fannie Mae's website.
If Fannie Mae does not own your loan, then check the Freddie Mac loan look-up tool.
You have a small amount of equity or no equity (i.e., your loan-to-value ratio must be > 80% to be eligible).
The IRRRL program doesn't allow you to receive cash proceeds when refinancing, for example for a remodeling project even when there is enough extra equity in your home.
There is one small exception here, as well, you can get an additional amount that cannot exceed $6,000 for energy efficiency improvements.
IRRRL program doesn't allow you to combine your existing mortgage and a second one in the refinancing program.
No more than one 30-day late payment on your mortgage within the past year is allowed to qualify for IRRRL program.
There is one small exception here, as well, you can get an additional amount that cannot exceed $6,000 for energy efficiency improvements.
IRRRL program doesn't allow you to combine your existing mortgage and a second one in the refinancing program.
No more than one 30-day late payment on your mortgage within the past year is allowed to qualify for IRRRL program.
A small 3.5% downpayment requirement for purchases & no reserves are required.
Meaning, if you meet all other requirements, you won't need to prove that sufficient funds to close have been sitting in your bank account for the last 60 days.
The seller is allowed to contribute up to 6% of the purchase price to pay towards your closing costs.
Meaning, if you meet all other requirements, you won't need to prove that sufficient funds to close have been sitting in your bank account for the last 60 days.
The seller is allowed to contribute up to 6% of the purchase price to pay towards your closing costs.
In this case, the monthly payment is fixed over the life of the loan and the interest rate does not change.
The Fixed Rate Mortgages typically vary between 30 year or 15 year terms.
Your payment will generally be higher with this type of loan as compared with adjustable rate mortgages.
Some lenders are now offering 40 year terms and in some cases, 50 year terms thereby reducing the amount of the payment.
Trying to decide whether a fixed rate mortgage vs. an adjustable rate mortgage is right for you?
The Fixed Rate Mortgages typically vary between 30 year or 15 year terms.
Your payment will generally be higher with this type of loan as compared with adjustable rate mortgages.
Some lenders are now offering 40 year terms and in some cases, 50 year terms thereby reducing the amount of the payment.
Trying to decide whether a fixed rate mortgage vs. an adjustable rate mortgage is right for you?
A. A Short Refinance happens when your current lender allows you to write down the balance you owe on your mortgage.
The current lender issues a payoff for an amount less than what the current loan balance is.
The decreased payoff is reached through our negotiations with your current lender.
With that payoff, we obtain a refinance for you with a new lender at the decreased loan amount.
A. A Short Refinance or Short Payoff can assist a home owner who owes more on their home than what it is currently worth and can show a hardship or significant strain in financial circumstances.
The current lender issues a payoff for an amount less than what the current loan balance is.
The decreased payoff is reached through our negotiations with your current lender.
With that payoff, we obtain a refinance for you with a new lender at the decreased loan amount.
A. A Short Refinance or Short Payoff can assist a home owner who owes more on their home than what it is currently worth and can show a hardship or significant strain in financial circumstances.
Reviews
Be the first to review Casey Moseman, CMPS.
Write a Review
