use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to

Since buying a home in Las Vegas is likely the largest transaction the average person ever gets involved in, NOTHING is more important than having a good understanding of mortgage financing.

I have been a loan officer here in Las Vegas since 1991, and I have closed thousands of loans, and saved tons of money for lots of happy customers. I did this by putting them into adjustable rate mortgages, with the rates fixed for anywhere from 2 to 5 years, at which point they roll into mortgages that adjust every six months. This was a terrific strategy in the fast paced Henderson market where people tend to move a lot, and particularly because we went through a long period of low inflation.

But that time is over. Interest rates MUST go up, in direct response to irresponsible government spending, and worldwide movement away from paying for oil in US dollars.

I am now advising all of my customers in Summerlin to get out of their short term adjustable mortgages, and getting them into 30 year fixed rates. I only advocate adjustables now if the client has definite plans to sell the property within 2 years.

For qualifying purposes, and buying more house, we can still do temporary buydowns of 30 year fixed rate mortgages. Feel free to contact me for more detailed information regarding this.

Interest only mortgages in Lake Las Vegas are also great at reducing payments to manageable levels, and I use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to

y putting them into adjustable rate mortgages, with the rates fixed for anywhere from 2 to 5 years, at which point they roll into mortgages that adjust every six months. This was a terrific strategy in the fast paced Henderson market where people tend to move a lot, and particularly because we went through a long period of low inflation.

But that time is over. Interest rates MUST go up, in direct response to irresponsible government spending, and worldwide movement away from paying for oil in US dollars.

I am now advising all of my customers in Summerlin to get out of their short term adjustable mortgages, and getting them into 30 year fixed rates. I only advocate adjustables now if the client has definite plans to sell the property within 2 years.

For qualifying purposes, and buying more house, we can still do temporary buydowns of 30 year fixed rate mortgages. Feel free to contact me for more detailed information regarding this.

Interest only mortgages in Lake Las Vegas are also great at reducing payments to manageable levels, and I use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to

e is over. Interest rates MUST go up, in direct response to irresponsible government spending, and worldwide movement away from paying for oil in US dollars.

I am now advising all of my customers in Summerlin to get out of their short term adjustable mortgages, and getting them into 30 year fixed rates. I only advocate adjustables now if the client has definite plans to sell the property within 2 years.

For qualifying purposes, and buying more house, we can still do temporary buydowns of 30 year fixed rate mortgages. Feel free to contact me for more detailed information regarding this.

Interest only mortgages in Lake Las Vegas are also great at reducing payments to manageable levels, and I use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to

as definite plans to sell the property within 2 years.

For qualifying purposes, and buying more house, we can still do temporary buydowns of 30 year fixed rate mortgages. Feel free to contact me for more detailed information regarding this.

Interest only mortgages in Lake Las Vegas are also great at reducing payments to manageable levels, and I use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to

use them a lot.

New to the mortgage world are 40 and 50 year mortgages, which can also get payments down in Southern Highlands.

Modern lending is now almost totally risk based, and it's important to understand this formula that never changes.

As you increase risk to the lender, the lender increases expense to you. As you decrease risk to the lender, the lender decreases expense to you.

So what are the various risk factors to consider?

First and foremost is money down. Nothing is more important to a lender, and the more money being put down, the better the terms that are offered. But I still do a lot of 100% financing, where we finance the entire price of the house.

Other vital factors are FICO scores, documentation type, and occupancy status. Again, feel free to contact me directly for more in depth information, and an assessment of your own particular situation.

Remember, in the fast paced Las Vegas market, there is NOTHING more important than getting loan approved first, and then demonstrating your ability to buy. This is how you make the absolute best deal possible for yourself and for your family.