Moving in Las Vegas>Question Details

Maria, Renter in Beaver Falls, PA

We are moving to the Las Vegas area in October. I need to find a home that is 4 bedrooms and in a nice area. Our $$ is limited and credit isn't great.

Asked by Maria, Beaver Falls, PA Mon Jul 1, 2013

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Good afternoon Maria,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-…

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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1 vote Thank Flag Link Tue Jul 2, 2013
Hola Maria,

I read your post below and noticed you said your interested in renting now and purchase later. I'll be glad to assist you with that when you arrive to Vegas; as well as aligning you with a credit repair professional. You can visit my website below and view rental properties:

Have a wonderful day.

Andrea Gonzalez
Vegas International Properties
(702) 485-7887
0 votes Thank Flag Link Sun Jul 21, 2013
Hi Maria

I assume you plan on buying instead of renting.
If that is the case you should get pre-qualified
with a mortgage broker, try Barbara Estes @
WJ Bradley Mortgage. Phone 702-281-0122
email Barbara.estes@wjbradley.com

If I can be of further assistance and answer
Any of your other questions please contact me

Thanks
Jimmy Balsano
Realty One Group
702-281-2225
Fax 1-866-371-8421
Email: jimbalsano@gmail.com
CERTIFIED FOORECLOSURE ALTERNATIVES CONSULTANT (CFAC)
REO-BPO CERTIFIED

I KNOW LAS VEGAS AND HAVE FOR OVER 40 YEARS http://www.jimmybalsano.com
http://www.salestraq.com/las_vegas/newhomesearch/index.cfm?id=4780
0 votes Thank Flag Link Wed Jul 3, 2013
Please visit my website LasVegasValleyRentals.com and tell me exactly what you are looking for. I can email you new rentals from 1,000s on the market as they become available. We can schedule viewings of these properties when you arrive.



Sincerely,


James Bellile
iProperties International
702-222-0815
0 votes Thank Flag Link Tue Jul 2, 2013
Ok, great. I have a few more questions for you so I can narrow down my search.

Please call me at your earliest convenience or you can email me. I can send you a few properties after that so you can review.


Thanks so much.

Alisa Cardenas
Realty One Group
(702) 806-6341
alisac@realtyonelv.com
0 votes Thank Flag Link Mon Jul 1, 2013
No more than $850 a month and a year lease wouldn't be a problem at all.
0 votes Thank Flag Link Mon Jul 1, 2013
Hi Maria,


Do you have a price range you are considering for the monthly rent? Are you looking for perhaps a 1 year lease?


Thank you,

-Alisa Cardenas
Realty One Group
(702) 806-6341
alisac@realtyonelv.com
0 votes Thank Flag Link Mon Jul 1, 2013
I am currently interested in renting for now until we decide its permanent then we will purchase.
0 votes Thank Flag Link Mon Jul 1, 2013
Hi Maria,..

I have helped many people from out of state and would be happy to help you.

Give me a call when you have a moment....The more information that I have about your situation,..the better service I will be able to give you.

Contact info is below,...

Also,.... you can start shopping for homes now by registering for free to my website at http://www.HanksLVRealestate.com

Feel free to call or email me at anytime....!!


Hank Lauzon III
Your Las Vegas Realtor

Signature Real Estate Group
9525 Hillwood Drive #120
Las Vegas, NV 89134

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844

Web : http://HanksLVRealestate.com
Email: HankLVRealestate@aol.com
Facebook: http://www.Facebook.com/HanksLasVegasRealEstate

Never look down on anybody...unless you're helping them up.
0 votes Thank Flag Link Mon Jul 1, 2013
Hi Maria, First you must speak with a loan officer at a bank or lending institution that you feel comfortable with, and they will tell you how much you currently qualify for, and/or give you the direction you must go in order to qualify for a home.

The average length of time to buy a home from the day you start looking to the day it closes is about 6 months, so if you have no flexibility in your moving date, it is important that you start now, whether it is renting at first or buying.

If I can be of any assistance please feel free to call me at 702-900-6279.
0 votes Thank Flag Link Mon Jul 1, 2013
Maria:

I am a local Lender here in Las Vegas...

If you are not working with a Lender yet, I can assist you in determining your maximum loan pre-approval amount. Depending on your qualification, I might be able to provide Lender credit that can lower your funds needed for closing costs.

Email or give me a call so I can guide you to the right direction.

Eugene Prospero
Mortgage Consultant
702.324.2377
Eugene@LasVegasLoanSite.com
0 votes Thank Flag Link Mon Jul 1, 2013
Maria, the first thing you need to do is speak to a lending institution and find out what price home you can afford to buy. I have several great people here in Las Vegas that you could talk to long distance and get some ideas about your prequalifications. This you must do first then comes the "House hunting."

If I can help you in any way, please email me at bzisk@aol.com. My very best, Becky
0 votes Thank Flag Link Mon Jul 1, 2013
Call me right now and well help you. Matt and Kim 702.501.0973
0 votes Thank Flag Link Mon Jul 1, 2013
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