It is no shock to fellow Las Vegas Homeowners that the housing market is still recovering. Nearly 40,000 homeowners were left with few options but to foreclose or short sale their homes. In 2013 and 2014, many investors emerged and bought homes that were underwater. Since then rates have dropped and home values decreased, allowing people that couldn’t otherwise afford homes able to get affordable housing. Nevada is still slow to recover in comparison to other states. Another issue, now on the rise, rents are greatly increasing. In my experience and expertise in the lending industry, I bring these options and advice to the table:
1. Consider refinancing now before mortgage rates increase.
2. Examine the rent vs. own cost sheet (available on my website).
3. Consider using your tax refund as a down payment option, this is especially useful to 1st time homebuyers as FHA and VA loans require minimal down payment %.
4. Nevada offers a HARP program, keep in mind there are 3 basic criteria required.
With 7+ years in the industry, I am aware the market can be competitive and choosing the right lender can be a difficult one. Many lenders are promising quick turn-around times, however with new laws and TRID regulations many lenders are failing to keep their promises. I bring my expertise and excellent customer service to my clients. I pride myself on promises, I can keep!!