Mortgage news and helpful tips

When talking about the "Lowest Rate Possible" a strong, two sided debate always takes place. We have heard this argument take place, many times both sides make equal and valid points to their case. Either way, Valley West Mortgage is here to tell you some of the details involved with the phrase "Lowest Rates Ever!". […]

Las Vegas, Nv - The Las Vegas City Council has passed a new ordinance that requires lenders to upkeep their properties on foreclosed homes in holding, or face some pretty steep penalties. If you are looking to buy a home in Las Vegas, Nv, you have probably driven through some neighborhoods that are pretty impressive, […]

Weither you are a First Time Home buyer or an experienced Home Buyer, Dealing with a Local Mortgage Lender can be frustrating at times. Your point of contact with a Mortgage Company like Valley West Mortgage is always going to be through the Loan Officer. Loan Officers are defiantly a breed of their own, in […]

Did you know.... That today Google Closed at 599.39, up +16.46 (2.82%) in the NASDAQ. The Price of One Ounce of Gold is $1,747.80. I'll even through in the price of Platinum per ounce is $1,560.00. That means that if you had 3 shares in Google Stock they would equal a little more then an […]

Great news to anyone interested in qualifying for an FHA or VA loan. President Barack Obama that reinstates the higher loan limits until December 31st, 2013. The president did not provide his extension to the Power Houses known as Fannie Mae and Freddie Mac. FHA and GSE maximum has been at $625,500 since October 1, […]

Freddie Mac sold fewer homes in the third quarter then they have earlier in the year. Freddie Mac being one half of the Lending Powerhouse Team, sold more than 25,300 repossessed homes in the third quarter, down 13.5% from the nearly 30,000 in the previous three months. It was also a 17% decline from the […]

Last month, September 9th, 2011, Valley West Mortgage released a blog post that stated "VA FUNDING FEE CHANGES". The Date that those Changes took place was originally OCtober 1st, 2011. November 18th, 2011 is the new effective date for the VA FUNDING FEE changes. What the Funding Fee's will be, will be confirmed at a […]

BASED off of Average Rates For all those who qualify and in the market for a Home Mortgage Loan, there is an amazing chance to buy a home or refinance with Valley West Mortgage. It has even been said that Mortgage Rates could fall even lower then 3.94 (The AVERAGE RATE) since "the Federal Reserve […]

USDA For Purchase transactions, the up-front guarantee fee will be lowering from 3.50% to 2.00%. An Annual fee ( similar to FHA's annual fee) of 0.30% will be implemented, in addition to the up-front guarantee fee. These Changes are effective for loans with Conditional Commitments issued on, or after Saturday October 1, 2011. Feel free to […]

This week, the Fed announced new measures to boost the economy. This sounds amazing, and like everything else we have heard in the last two years. So expectations are pretty low for much economic growth to result from the measures taken by the fed. but they did help push mortgage rates to historic lows. The […]