Home Mortgage Loans
With a 570 credit score or higher we can get you a Las Vegas Home Mortgage. Calling buying a new home a "big deal", is quite an under statement but the point is remains. A new home is a big decision and one that we would be happy to help you with. Owning a home is a great responsibility but at the same time it can bring numerous benefits for years to come.
There are a few things to consider when buying a new home:
- Do you have reliable income both in the future and in the recent past?
- Does your credit history make you attractive to lenders?
- Is your debt under control and will it be safe to add mortgage?
- Do you have money saved for a downpayment and/or closing costs?
Las Vegas Mortgages
Here are some common homeownership myths:
Myth: You need great credit to become a homeowner.
Fact: You may still be able to buy a home with less-than-perfect
credit. And remember, you can improve your credit over time.
Myth: You need to put 20% down to buy a home.
Fact: There are many types of mortgage products and
programs that allow low and no down payments. But remember to factor
in other costs such as closing costs, property taxes, moving expenses,
and repairs.
Myth: You can't buy a home in the U.S. if you're not
a citizen.
Fact: If you're a legal resident, you can purchase
a home in the U.S.
Myth: If you don't have a bank account or credit cards,
you can't qualify for a mortgage.
Fact: Having a bank account is always a good idea and
helps you establish credit. However, lenders can approve you for a mortgage
even if you don't have a bank account or credit cards. You'll likely
need to keep records showing a history of payments you've made for items
such as rent, utilities, and car payments.
Myth: Lenders share your personal financial information
with other companies.
Fact: By law, banks and other financial institutions
are restricted in their uses and disclosures of information about you.
In some situations, you may choose to restrict the disclosure of your
information if you don't want it to be shared.
Myth: If you're late on your monthly mortgage payments,
you'll lose your house.
Fact: If you have a financial hardship, like the death
of your spouse or a medical emergency and fall behind, it's possible
to keep your home and get back on track if you contact your lender early.
Myth: You can't get a mortgage if you've changed jobs
several times in the last few years.
Fact: Not true. You can change jobs several times and
still get a loan to buy a home. Lenders understand that people change
jobs. The important thing is to show that you've had a stable income.
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