Home Buying in Las Vegas>Question Details

Bwayne, Home Buyer in Las Vegas, NV

What should a first-time home buyer do to secure the best interest rate possible on their loan?

Asked by Bwayne, Las Vegas, NV Mon May 6, 2013

Help the community by answering this question:


Get your credit report and credit score from all 3 reporting agencies. The higher your score, the lower the interest rate. Clean up any dings and don't let any lender run your credit until you know what you have.

David Cooper Investing in Las Vegas since 1994
http://www.lasvegaswinner.org FREE REO Foreclosure List
702.499.7037 FREE Consultation
0 votes Thank Flag Link Fri May 10, 2013
Good Suggestions:

1. Lock your interest rate at the right time.
2. Decide how you want to handle the Lender fees -
a. some lenders have higher fees and lower interest
b. some lenders give lower interest rates but charge extra points.
c. and you can buy down your interest rates as well.
3. Sharpen your credit.
4. Show a good history of payments.
5. and Smile a lot!

Most importantly communicate with a Professional lender. They are the experts in this field as Realtors are only experts at Marketing Real Estate...

Let me know if you need a recommendation.



Phillip Scheinman, ABR, GRI, E-PRO USC 92'
Broker * Sales Agent * Realtor
Realty One
2831 St. Rose Parkway Ste. 100
Las Vegas, NV 89074
Direct: 702-580-9198
Fax: 702-614-9337
E-mail: smokey25@cox.net

0 votes Thank Flag Link Fri May 10, 2013
Make sure your credit report is clean and get some good referral for lenders. Remember, the lowest interest rate does not always result in the lowest cost.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Mon May 6, 2013
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