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| Doug Yates |
| Financial Strategist |
| Evofi One |
| Evolution in Finance |
Mortgage Banking Firm |
Las Vegas, NV |
(702) 521-LOAN (5626) |
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Las Vegas Mortgage Blog and News:
Las Vegas $8000 FHA First-Time Home Buyer Tax Credit
There are just about 6 months left for Las Vegas First-Time Home Buyers to take advantage of the $80...
April 1, 2009 Las Vegas FHA Appraisal Guidelines
If you are First-Time Home Buyer looking to take advantage of some of the great Las Vegas real estat...
Las Vegas Buyers Dealing With HVCC Appraisal Guidelines
Las Vegas buyers and sellers need to be aware of the new Home Valuation Code of Conduct (HVCC) that ...
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Las
Vegas Home Loans - Doug Yates
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Communication |
First Time Home Buyer
Programs |
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Full Disclosure |
Lease
to Own Programs |
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Creative Lending Solutions |
Credit
Restoration Services |
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FHA Licensed |
Down Payment Assistance |
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Commitment to your success |
Investor Mortgage Strategies |
The Mortgage Approval Process
Since it can be a little overwhelming going into
the mortgage approval process, here are a few
key factors to pay attention to when speaking
with a mortgage professional:
• Credit - Your credit score
weighs more on your approval and rate than it
ever has before. Risk based pricing has recently
been initiated for standard 30 year conforming
and jumbo mortgages which means that a slight
10 point variation could be the difference of
.25% in rate. It is a good idea to know your score
at least 30 - 45 days prior to closing on a new
home loan so that your loan officer will have
enough time to correct any inconsistencies or
blatant errors. Free Report: 3 quick tips to raising
your credit score today
• Income - Typically, banks
want to see your total monthly expenses at about
40% of your gross monthly income. There are several
mortgage programs that consider future pay increases
as well.
• Assets - We have several
Down Payment Assistance programs available. Since
each loan scenario is unique, we keep an inventory
of banks on hand that have flexible asset requirements.
The main thing to consider regarding assets is
how they will be verified. Before you start moving
assets around, ask your loan officer what their
bank requires.
Plan for success
We are aware that our clients are truly shopping
for a new home and the not extremely excited about
getting a mortgage. Let us tailor a lending solution
that ultimately serves your future financial goals.
While we are confident that our mortgage rates
are competitive, our priority is to earn your
trust by providing you excellent service, options,
and education. Schedule a quick strategy session
today so that you can have the ammunition you
need when shopping for your next dream home. |
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