Mortgage News

/Mortgage News

The mortgage industry is constantly changing. Stay up to state with the latest news for all things mortgage related!

12 Apr

Is it Better to Pay Off Your Mortgage or Invest?

2017-11-30T19:38:10+00:00April 12th, 2016|Las Vegas, Mortgage News, Real Estate News, Refinancing|

When it comes down to it, this is not a simple or straightforward question. There are so many variables that you really need to whip out a calculator, talk to your CPA, visit a financial planner and/or retirement specialist, and so on and so forth. It also depends on your mortgage rate, your tax bracket, how [...]

5 Apr

What Credit Score Do You Need to Qualify for a Mortgage?

2017-11-30T20:20:20+00:00April 5th, 2016|Homebuying Tips, Las Vegas, Mortgage News|

If you’re thinking about purchasing a new home or refinancing your existing mortgage, you should know that your credit score is hugely important. Banks and mortgage lenders use your credit score(s) to evaluate your creditworthiness, which translates to a higher or lower mortgage interest rate, and even determines eligibility. Which Credit Score Do Mortgage Lenders Use? [...]

2 Mar

4 Misconceptions about Real Estate & Capital Gains Tax

2017-11-29T21:56:35+00:00March 2nd, 2016|Homebuying Tips, Las Vegas, Mortgage News|

Walking away with a profit on your home sale is an exciting proposition. But there’s one thing that can suck the excitement right out of such a positive financial move:the threat of taxes on your investment gain — otherwise known as the dreaded capital gains tax. Luckily, the Taxpayer Relief Act of 1997 helps many [...]

13 Feb

10 Questions to Ask Your Mortgage Lender

2017-11-29T00:05:50+00:00February 13th, 2016|Homebuying Tips, Las Vegas, Mortgage News|

One of THE MOST important stages in the home-buying process is finding a reputable lender or mortgage broker to handle your transaction. A good lender will respect that you work hard for your money — and you want to spend it wisely. After running a credit check, your lender will present you with options for [...]

6 Feb

5 Ways to Use a Mortgage Calculator

2017-12-01T00:03:59+00:00February 6th, 2016|Homebuying Tips, Mortgage News, Refinancing|

Whether you’re hoping to buy or planning to sell, a mortgage calculator can give you some valuable insights. Here are five questions a monthly mortgage calculator can help answer to make you more savvy about home buying. Should you rent or buy? There’s more to being a homeowner than just swapping a rent payment for [...]

28 Jan

Will a New Bill in Congress Help You Qualify for a Mortgage?

2017-11-29T00:18:05+00:00January 28th, 2016|Homebuying Tips, Las Vegas, Mortgage News, Real Estate News|

A new bill in Congress could significantly impact your ability to secure a mortgage by changing the way lenders look at credit scores. Known as the Credit Score Competition Act, the bill is in its first stage of the legislative process. Although it’s a long way from becoming a law, future homebuyers have good reason [...]

31 Oct

What Happens if You Inherit a Mortgage?

2017-11-30T20:26:02+00:00October 31st, 2015|Homebuying Tips, Las Vegas, Mortgage News, Refinancing|

Most homeowners have mortgages, and the sad reality is all homeowners die eventually. And, if a homeowner dies with an outstanding mortgage loan, the mortgage company still expects to be paid. Whether the balance owed will be due all at once or can be paid off over time depends on who inherits the home and [...]

8 Oct

What’s the Difference Between Getting Pre-approved & Pre-qualified?

2017-11-30T20:28:49+00:00October 8th, 2015|Homebuying Tips, Las Vegas, Mortgage News, Tips for Realtors|

  Many people mistakenly believe that getting pre-approved for a mortgage is the same thing as getting pre-qualified. They are NOT the same! Here's the difference: Getting Pre-qualified Most sellers will require your pre-qualification letter before they’ll even consider your offer. Ask your lender for a prequalification letter. These are relatively simple to get and [...]

8 Sep

Divorce? The 5 Worst Money Mistakes

2017-12-01T00:15:38+00:00September 8th, 2015|Homebuying Tips, Las Vegas, Mortgage News|

Written by Guest blogger: Leslie Thompson During a divorce, a spouse who hasn’t been involved in the family’s finances can often be at a disadvantage during settlement negotiations. That’s why it’s so important for both spouses in the process of dissolving their marriage to understand their post-divorce financial needs and their current financial situation. The [...]

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