Las Vegas mortgage rates

Rates have hit Rock Bottom. The lowest rates in recent years. Call Valley West Mortgage today (702) 696-9900 to reserve your low rate.

It must be Spring! Baseball is in the air!

Congratulations to our Las Vegas Slams Youth League baseball team! Making it to the Cooperstown World Series of Little League Baseball is no small feat and we applaud you all for your hard work.

We are proud to be a sponsor of your fundraising efforts to support this trip for the team. Youth Athletics is an important part of our community and we encourage all of our Friends, Clients, Partners and Neighbors to contact the league at their website and make any contribution that you can to get our local team to Cooperstown! Visit their website and click the contact link on the left side to ask how you can sponsor or just help with a donation.

Mortgage Rates Are on the Rise!

We said it would happen and soon. Average rates have just passed 5%

What we don't know is how far or how fast this Mortgage Rate rise will be. Recent positive indicators for the economy have caused rates to rise. Mortgage Rates parallel Long-Terms Bond Rates and those always rise on positive economic news. It is more important than ever to have your Refinance or Purchase file in the hands of a competent Mortgage Professional! At Valley West Mortgage, we keep a very close watch on rates for our clients. While rates are clearly on the rise, they still have their ups and downs. We watch all of the rate change indicators for potential changes so we can lock rates at the best possible advantage for our clients.

The key to being ready to lock is having a complete file which is ready in every respect. With our clients help, and help from our Realtors on Puchase files, we do everything within our control to make sure that your file is complete, as quickly as possible. In this way, we won't miss any opportunity to secure the best terms possible! Give us a call today so we can help you to succeed even in this unstable market. Remember, Las Vegas is still one of the best buying opportunities in the entire country regardless of current rate fluctuations.

Call (702) 696-9900 or (888) 931-0007 and let Valley West Mortgage get you ready to close!

It Really is Better to Buy than Rent in Las Vegas!

On the upside...

A study was published today by Trulia, a major Real Estate watch site, and Las Vegas is #2 behind only Miami as the best place to buy rather than rent. I'm sure that this will be on most of our Local News stations by this evening. They love to cover the latest Las Vegas Real Estate news.

As we have said before, this is the best opportunity in years to buy a home in Las Vegas! Currently, rates have been fluctuating quite a bit due to market uncertainty. For the past two weeks, rates have finished slightly highger. Don't wait for home prices to "drop a little more" and then find yourself out of position because rates have gone up too much.

Call our professional staff and get the ball rolling today! That way, you will already have provided everything needed in order for us to lock your rate as soon as you have an accepted offer on a property.

Call (702) 696-9900 or (888) 931-0007 and let Valley West Mortgage get you ready to close!

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Your positive responses to our Professional Mortgage Services have always helped us to improve and to be here when you, your family and your friends need a Mortgage Professional that you can trust. We invite you to drop us a note on your experience with our company and we'd like to ask one small favor...

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Candlelighters of Nevada Event...

Valley West Mortgage was a proud sponsor of “Knock Out Cancer for Candlelighters Kids

on Saturday, November 6th at the Xtreme Couture Gym here in Las Vegas, Nevada. “We strongly believe in supporting efforts that will benefit the community that we live in and Candlelighters of Nevada provides much needed support services for children fighting cancer and their families”. While this event was a lot of fun for everyone and it did raise both money and awareness, the need for funding never goes away. We encourage you to use this link to Candlelighters secure donation page to make a contribution and please, share it with others.

Local business men and good friends, Vinnie Mannino and Pablo Peregrina, have always been fans of Mixed Martial Arts so it seemed like a natural to come up with the idea of fighting each other to raise money for a local charity. Together with the Xtreme Couture trainers & staff, they planned an exciting evening of 12 bouts, featuring everything from boxing to grappling, with the main event being Vinnie “The InVINcible” Mannino and Pablo “The Piranha” Peregrina in the ring, fighting to “knock out” cancer.

Vinnie had this to say after the charity event; “We actually never trained before in boxing nor Mixed Martial Arts”. “ We have just been fans of boxing and decided it would be cool to start training and raise money for the charity”.

Vinnie and Pablo worked hard not just to train for this event but also to secure sponsors for the event, who included:

Host Sponsor: Xtreme CoutureTKO Sponsor: Universal North AmericaHeavyweight Sponsor: All Nevada Insurance, Inc.Middleweight Sponsors: Valley West Mortgage, American Wealth Advisors & Benchmark ConsultingLightweight Sponsors: Stephanie & Jim Bearse, The Liquor Outlet, AAA Insurance and Cambridge Group LTD.

All proceeds from the event benefited Candlelighters Childhood Cancer Foundation of Nevada, which raised more than $9000.00. This money will help the organization continue in its mission to provide support, education, hope and advocacy through programs and services for children and adolescents with cancer, their families and the professionals who care for them. Some services include, financial assistance, travel for treatment, counseling, support groups, bereavement assistance, medical co-payment program and more! If you would like more information on how you can help Candlelighters of Nevada, please visit their website at www.candlelightersnv.org or call 702-737-1919…because kid’s can’t fight cancer alone!

Boxing / MMA Fundraiser Was a Great Success!

Valley West Mortgage proudly participated in sponsorship of this great fund raising event. Look for more details and photos of the event tomorrow!

From Candlelighters of Nevada to all who contributed:

Thank you so much for making our 'Knock Out' Cancer for Candlelighters Kids a great success!
This event raised over $9,100 to benefit children with cancer and the families that love them. We are so grateful for all the hard work and dedication from everyone that made this evening amazing.

Thank you from all of us at Candlelighters Childhood Cancer Foundation!

The White House Support Gained on Forclosure Halt, No on Moratorium

Secretary Robert Gibbs of the White House mentioned today that the Obama Administration will accept the probe into the faulty foreclosure proceedings, but against a moratorium.

This response hopefully will prevent the consequences of a widespread foreclosure freeze, while allowing banks such as Bank of America to “probe” the incidents relating to the 'robosigners', employees/agents who signed off on hundreds or thousands of foreclosure documents due to their lack of due-diligence to follow protocol.

Bank of America Halts Foreclosures Across U.S

Last Week Bank of America halted foreclosures on homes across the country for the purposes of double checking improperly filed paperwork for tens of thousands cases. Among Bank of America Ally’s Financial’s GMAC Mortgage unit, JPMorgan Chase also announced similar plans.

Some say that the Bank felt the need to review improperly filed paperwork due to pressure from State Attorney General and other public officials inquiring about the accuracy of foreclosure documents.

Dan Fram said “We feel the need to address that and demonstrate that our process is accurate”.

So, with this being said, if you are a Bank of America Borrower and are thinking of foreclosing, it may take weeks, months, who knows. We’re hoping that once they cleanse the foreclosure paperwork, they’ll also streamline the foreclosure process making foreclosures happen faster.

Mortgage Insurance Policy Changes

The Federal Housing Administration (FHA) is changing up-front and monthly Mortgage Insurance (MI) on FHA case numbers dated October 4, 2010 or later. Currently the up-front fee is charged at 2.25% and the monthly fee is based on term and LTV. The up-front fee is being reduced to 1%. The monthly fee is being increased. The matrix below gives the full breakdown:

Upfront Mortgage Insurance Premium (MI)