Shelter Realty Inc - Las Vegas Real Estate & Property Management » Brian Maier

No Money for Your Las Vegas Down Payment? No Problem, FHA Is Here!

Brian Maier — Wed, 28 Sep 2011 17:00:07 +0000

If you’re a first-time homebuyer, or you’re selling your current home but don’t have a lot of equity built up, saving 10 or 20% (or even 5%) of the value of your next home can seem like a tall order. Fortunately, you may have another option.

Federal Housing Administration (FHA) to the rescue

FHA-backed mortgages [...]

Clark County, NV FHA Loan Limits Decrease By $128,950 On Oct.1, 2011.

Brian Maier — Fri, 03 Jun 2011 19:37:26 +0000

Important announcement if you are considering securing FHA 3.5% down financing for a home in Clark County (Las Vegas, Henderson, North Las Vegas, Boulder City), then you have until October 1, 2011 fund on your loan before the loan limits drop from $400,000 to $287,500.

Get Approved For A Las Vegas VA Loan Two Years After A Foreclosure

Brian Maier — Sat, 02 Apr 2011 08:11:14 +0000

Good news for Las Vegas renters with VA eligibility, you can qualify for a new 100% VA loan if you are at least two years out of a foreclosure.

Is A VA Loan Better Than A Conventional Mortgage?

Brian Maier — Wed, 30 Mar 2011 08:11:15 +0000

A VA loan is often a better option than a convention mortgage for veteran and active duty military home buyers who are interested in purchasing a Las Vegas home.

How Can A VA Compromise Sale Help Underwater Las Vegas Homeowners?

Brian Maier — Mon, 28 Mar 2011 14:50:20 +0000

If your Las Vegas property is secured by a VA loan with a mortgage balance that is higher than the appraised value, and you need to sell, then you may be eligible for a special program called a VA Compromise Sale.

Purchasing A Las Vegas Home With A VA Mortgage Loan

Brian Maier — Tue, 22 Mar 2011 23:12:45 +0000

Financing a property with no down payment is still possible for Las Vegas buyers who are eligible for a VA Mortgage Loan.

You Can Get Mortgage Approval If You Are One Day Out Of A Las Vegas Short Sale

Brian Maier — Sat, 05 Mar 2011 07:39:57 +0000

The good news is that according to recent changes in FHA Financing Guidelines as of March, 2011, Las Vegas home buyers who are as little as one day out of a short sale on a previous property may qualify for a new mortgage.

Four Possible Reasons To Refinance

Brian Maier — Mon, 22 Nov 2010 23:30:01 +0000

A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year.

Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

Brian Maier — Mon, 01 Nov 2010 00:30:56 +0000

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence.

How Much Can I Afford?

Brian Maier — Sun, 03 Oct 2010 23:29:19 +0000

Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow

Where Does My Earnest Money Go?

Brian Maier — Fri, 03 Sep 2010 14:21:45 +0000

When a buyer makes an offer to buy residential real estate, he/she generally signs a contract and pays a sum acceptable to the seller by way of earnest money.

Renting vs Buying A Home

Brian Maier — Tue, 03 Aug 2010 14:18:49 +0000

While there are several biased sources that can make arguments for or against owning a home, we've found that most home buyers base their ultimate decision on emotion.

What Do Appraisers Look For When Determining A Property's Value?

Brian Maier — Tue, 03 Aug 2010 00:19:41 +0000

The appraiser actually already has a good idea of the property's value by the time they have scheduled an appointment to stop by the property.

Seven Things Your Agent Should Know About Your Mortgage Approval

Brian Maier — Wed, 21 Apr 2010 17:59:03 +0000

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.

New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property [...]

Ten Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan

Brian Maier — Thu, 01 Apr 2010 16:56:12 +0000

How can a fully approved loan get denied for funding after the borrower has signed loan docs?

Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.

This generally won’t happen in a 30 day [...]

What Does Title Insurance Protect Me From?

Brian Maier — Sun, 28 Mar 2010 20:13:44 +0000

By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged.

Understanding the FHA Mortgage Insurance Premium (MIP)

Brian Maier — Sun, 28 Mar 2010 19:50:32 +0000

Mortgage Insurance is a very important part of every FHA loan since a loan that only requires a 3.5% down payment is generally viewed by lenders as a risky proposition.