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Call Direct: 702-991-2000


Las Vegas Mortgage Loan Officer

Welcome Home Nevada only refers to business partners with a proven track record.  That means we have done enough business with these partners over the years that a relationship of trust has been developed.  When we give a referral we put our relationship on the line and we NEVER take that lightly.  We are confident in referring to these business partners to you. 

First Cal Mortgage
Darren Lennemann
720-493-1924
dlennemann@firstcal.net

One Nevada Credit Union
Colleen Carroll
702-948-5356
colleenc@onenevada.org

Finding the Best Interest Rate

Every buyer wants the best loan, with the lowest possible interest rate. Unless you're different, you would be wise to do a little homework yourself. Keep reading to find out about the options a consumer has in securing the best rate possible.

Do your own research.

The internet is an easy way to research mortgages and interest rates. You can start with the Bank Rate Monitor, a site with all kinds of info about mortgages, real estate investment, and a lot more.

Keep in mind that the Federal Reserve sets the standard for national interest rates and the banks who are lending the money are continually adjusting rates accordingly. The rate you find one day may not be available tomorrow. If you find a loan you like, you should submit a loan application ASAP. If you are planning on securing a loan, make sure the broker can execute loans in Nevada.

Make sure you are comparing apples to apples. It would be a mistake to try to compare loans that are not even the same loan types - a common mistake made by consumers. For example, you find that Loan A and Loan B are both “30 year” loans, but Loan A has a much lower interest rate than Loan B. Upon further review, you find that "Loan A" is an adjustable rate mortgage. Its payment is based on a 30 year amortization, but becomes due via full payment or refinance at the end of 5 or 7 years. These are frequently referred to as a 5-year or 7-year fixed-rate mortgage. While both stated "30-year", they are far from the same type of loan.  Look at the Types of Loans resources to get an overview of different types of loan programs available. 

Also make sure to request a statement detailing all fees associated with the loan. Items such as points (loan fee), interest rates and garbage fees vary from one lender to another.

Use a Mortgage Broker.

If you don’t have the time to do your own research, locate a trustworthy mortgage broker. Make sure the broker is knowledgeable, listens well and is trustworthy. Ask your Las Vegas Mortgage Broker for references if you have time to research further. You should feel confident that they have your best interest in mind.



Las Vegas Communities
 
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Las Vegas
Real Estate Blog
December 7, 2011, 11:44 am
December is for the Holidays.
The WHN Blog Team is taking the month of December off for the holidays. Were still as busy as the elves in the the office but its time to clear our heads of all this content and ready up for the upcoming new year. Happy Holidays to all of you See you in 2012.
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November 18, 2011, 11:32 am
About Assembly Bill 284 (AB 284 NV)
Real estate agents in Las Vegas are in tuned to the recently passed AB 284 that went into effect October 1 2011 but those outside of the Las Vegas real estate market arent too up to date. To sum it all up AB 284 will delay the foreclosure process. How? By increasing the requirements necessary for lenders to foreclose. In light of all the robosigning and the increased investigations of 14 major lenders for foreclosure fraud this Bill is meant to be one of the solutions to this ridiculous problem. While this most likely will expose fraud and give homeowners the ability now to obtain information on who is holding their mortgage increasing paperwork and having it recorded through the county clerk is simply going to create a huge back up in the system. With various budget cuts its unlikely that the clerks office is going on a hiring frenzy to keep up with all the work. The number of foreclosure filings for Clark County have already significantly dropped in the past month since the bill went into effect literally from once were thousands of filings a month now down to hundreds. Again this will reduce fraud and expose fraud allowing those involved to be prosecuted andor fined accordingly which overall is in the best interest of all homeowners however the back up in the system is going to be disastrous. The market is already slow its only going to slow down further. Tweet
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November 4, 2011, 10:40 am
Las Vegas Foreclosures and Robo-Signing
In most recent news it has been announced that an independent group of consultants along with federal bank regulators will be looking into homes that were foreclosed upon by 14 major lenders between January 1 2009 and December 31 2010. Anyone keeping up with the real estate market knows that Las Vegas foreclosures were numerous during that specific timeframe. After various complaints and suspicions further investigations decided to be conducted to uncover any foul play by the lenders and their employees. Many of these corporations are being accused of robosigning the illegal processing and obtaining of signatures on foreclosure documents quickly without going through the proper procedures. If after thorough review of these foreclosures the lender is found to have repossessed a home without going through the proper channels former homeowners may be entitled to compensation. Homeowners who lost their homes between the dates of January 1 2009 and December 31 2010 with 1 of the 14 listed lenders being investigated who believe that their primary residence was unfairly foreclosed upon can call 18889529105 and request a form to fill out and return no later than April 30 2012. If the complain meets the requirements more action will be taken to determine compensation. For additional information such as the list of lenders and call center hours head to independentforeclosurereview.com. Tweet
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