Getting your mortgage is just one aspect of a real estate transaction. Mesa Realty is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call me today at (702) 873-0440 if your needs include a professional REALTOR® experienced at the business side of buying and selling.

Are you thinking about financing a home in Las Vegas?

Applying for the mortgage loan can be one of the most troublesome elements of buying a house. But it doesn't have to be. I have excellent relationships with several lending companies in the Las Vegas area, and they've helped me understand some things that can make the process of applying for a loan very easy.

1 – Make a list of questions about your loan program

If you do not thoroughly understand the ins and outs of all the different programs, make sure to have a list of questions with you. One of my lender contacts or I will help you understand the advantages and disadvantages of each program, because it can be hard to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the interest rate, your mortgage lender is guaranteed to commit to the interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Those who prefer to float think interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to preview normal information that goes on a loan application.