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Mortgage news and helpful tips

Good Faith Estimate (GFE)

A Good Faith Estimate is an estimate of all of your closing costs when purchasing or refinancing a home loan. Your Good Faith Estimate (or GFE) will give you a ball park figure of what rate your loan will be locked at and a rough estimate of what your monthly payments will be. Federal regulations […]

Defaults on debt: Puerto Rico defaults for the first time in history.

According to an article posted on CNN Money, Puerto Rico defaulted on it's loan debt for the first time in the island's history. It is reported that this will not effect Wall Street. It will however, effect the residents of Puerto Rico. The Puerto Rican government was seeking concessions from its creditors, including deferring some […]

Tiny House are trending right now. Here's why.

Did you know that there exists a whole sub-culture of people who live in tiny houses? I don’t mean tiny like one bedroom, one bathroom. I mean tiny as in about 400 square feet, total. When I learned about this new and unique form of living I thought, why would a person want to live […]

Why You shouldn't miss a payment

Missing a payment on your mortgage loan may seem like the end of the world. In most cases you know ahead of time that you are going to miss a payment. In a more drastic scenario you may be faced with a situation where you have to use your mortgage money for some other dire […]

Choosing the Right Lender

Choosing the right lender is one of the most important parts of applying for a home loan. Loan officers are the men and women who work for the lenders and banks that will be in charge of your loan. They are in a sense, the face of the company. Good loan officers work in your […]

1700 new homes to open in Summerlin

The Cliffs, a brand new Summerlin housing project broke ground today. The Cliffs, will be the newest village built in Summerlin in 12 years. The Mesa was the last village built. The Mesa was built in 2004. This brand new Summerlin housing community sits at the foot of the Spring Mountains, off Hualapai Way and […]

What is Mortgage Escrow?

When you begin your new mortgage, you’re likely to hear about escrow accounts, homeowner’s insurance premiums and property taxes, but did you know that they can be some of the most difficult portions of loan servicing? To prevent complications down the road and make payment simpler for new homeowners, escrow accounts are often required by […]

Stop Assuming. Start Asking.

How many times have you made financial assumptions? Once? Twice? A billion times? The fact of the matter is that we all make financial assumptions in our daily lives. We assume that we are not financially stable enough to buy our dream home or to even pre-qualify for a mortgage loan. Making financial assumptions has […]

Learn More About The Valley West Mortgage Loan Program

The housing market in Las Vegas has seen a series of Ups and Downs in terms of home values and mortgage rates. Mortgage rates have hit their lowest mark in recent years while Home Property values have continued to rise at a steady pace. The United States has changed the terms and conditions for those […]

Mortgage Rate Tips and Tricks

If you’ve read some of our earlier articles you already know that getting a decent mortgage rate is simple. Any loan officer can slap down a number and make you think you’re getting the best rate, but how do you really know that you’ve got the best mortgage rate around? The truth is, with only […]

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