Shaping the Mortgage Industry in 2018
The Diverging Market What Will the Mortgage Industry See? Origination: Lending outside qualified mortgage rule may help lenders replace lost home refinances Home purchase volume is expected to increase slightly but this trend will likely be prominent in 2018, as originators may continue to struggle to replace lost refinance volume and their compliance and risk […]
Conforming Loan Limits Increase for 2018
BREAKING NEWS! FHFA increases conforming loan limits for a 2nd straight year Loan limits to match rising home prices On Tuesday, the Federal Housing Finance Agency (FHFA) that the maximum conforming loan limits for mortgage to be obtainedce in 2018. The 2018 maximum conforming loan limit for a one-unit property will be $453,100, an […]
Shopping for a Mortgage Loan
How Do You Shop for Rates? The top tools for mortgage shopping Over the years, shopping for a mortgage has become better than ever. Purchasing a home is more accessible online and mobile, which makes the process more fitting for those of us looking for our dream home. Valley West Mortgage is here to make […]
A Rise in Your Credit Score
Some changes took effect at the top of this month that could have amazing results on your credit score! We’ve talked about the importance of your credit score in some of our recent posts. Your credit score—more importantly your FICO credit score (which is a combination of your credit scores and credit history)—is assessed to […]
Bank Stress Test
The Big 34 Earlier this year, we touched on national stress tests done by big banks. Since the Federal Reserve conducted their annual stress test last week and have now released their reports, today we’ll expand on the explanation of the stress tests. Banking institutions with $50 billion or more in total assets are required […]
Banks vs. Brokers
Commercial Banks vs. Mortgage Brokers When it comes to getting a home loan, you have a few options available to you in order to come up with the money to purchase the home. This article will focus on two of the most common ways you can borrow money for your home loan. More importantly, it’ll […]
Your Home's Feng Shui
Affecting Your Home’s Feng Shui Feng Shui (pronounced “fung shway”) is an idea adopted from ancient Chinese culture that describes how the placement of objects in a particular space affect the energy flow in that space. If you believe in energies, vibrations, and auras then you’ll probably want to arrange the furniture in your home […]
Valley West Mortgage Cinco de Mayo
Three Square is a Feeding America affiliate, serving four counties in Southern Nevada: Clark, Nye, Lincoln and Esmeralda. Three Square and Feeding America estimate the number of food-insecure persons in our service area to be more than 296,000. Food insecurity occurs when people aren’t able to secure enough food for a healthy diet and active […]
Millenials are Taking Over
With a count of 75.4 million people, Millennials are the United States’ largest living population, surpassing the Baby Boomers who’s population consists of 74.9 million Americans. Millennials are those citizens that were born between roughly between 1983-1999, currently those between the ages of 18-34 in 2017. Millennials, being the largest age bracket in the US, […]
Down Payment Assistance Program
With interest rates at an ideal level, employment rates up, and more credit available to borrowers as of late, the housing market has opened a window of opportunity for you to purchase a home. However, borrower’s often find it difficult to meet the demand of a down payment. What if I told you that there’s […]
