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Financing in Las Vegas : Real Estate Advice

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  • Local Info243
  • Home Buying1K
  • Home Selling170
  • Market Conditions78

Activity 196
Thu Jun 19, 2014
Diann Tonnesen answered:
As has been pointed out below. Realtors and lenders are two completely separate entities.

The Realtor is getting paid for helping you purchase a property which includes: helping you find the right property to fit your needs, writing up the contract and negotiating on your behalf, and helping you through various aspects of the transaction (inspections, review of HOA documents, walk through and closing paperwork.)

The lender is getting paid for helping you obtain financing for your purchase, which includes: getting your financial documents together, helping you iron out any credit issues and figuring out the best loan program according to your goals and specific needs.

A buyer's agent is usually paid by the seller, BUT could be paid by the buyer as well. This is very common on low priced properties where the commission paid by the seller may not be enough to cover the agent's costs and allow him a decent rate for his/her time. (Remember, the agent splits the commission paid with his/her broker and our of his/her portion has to pay for gas, licenses, errors and omissions insurance, etc.) It may also occur on a higher priced property where the commission has been reduced by the seller and the commission being paid is again not enough to pay for the agent's costs and time. This should be discussed thoroughly before the buyer signs a purchase contract.

The lender makes his/her money by the points paid up front or in the rate of the loan. The lender basically locks in chunks of money from investment groups and makes a profit on the difference between what they "buy" the money for and what they charge the borrower.

This is where it really pays to shop around! Some lenders charge points and their rate is just as high as a lender charging no points. But it may be that a specific lender has an in house program that no other lender has for a client that is not finance-able through the standard types of loan available..

Personally, our team uses All Western Mortgage. They not only charge zero points, they also do not charge "processing fees" or "underwriting fees" which can really add up! Their rates also are competitive with other lenders that charge points. You could call Eric at All Western at 702-353-6011 to get a quote to see how competitive they are, or go to:

http://www.greatlasvegashomes.com/preferred-mortgage-lender.php

and fill out a short online application.

Hope this helps!

Diann Tonnesen
Berkshire Hathaway HomeServices
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
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0 votes 3 answers Share Flag
Thu May 29, 2014
Brittany Leighton answered:
Absolutely it is possible. I am currently working with 2 clients who are from out of the county and are looking to get funding in the United States, it's not hard.

Please email me at ExeRealEstate@Gmail.com
Visit my website at: www.MyRealEstateExecutive.com

I have a very good Real Estate agent in Las Vegas I would love to connect you with.

Thank you,

Brittany Leighton

Realtor

Top 1% Customer Satisfaction in the NATION

949.480.7178

ExeRealEstate@Gmail.com

www.MyRealEstateExecutive.com
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0 votes 10 answers Share Flag
Thu May 22, 2014
Nathan Kessler answered:
Hello Reggie,
I'd like to talk in more detail about your situation. I have many different programs that can possibly suit you, but you have a few moving parts that I would like to go over so that I can place my best foot forward. You can apply simply by clicking the link below, or call me and we can meet in my office to go over all of your options. I look forward to hearing from you.

Check me out at the link below and get your free approval today!
http://www.city1stlasvegas.com/EmployeeDetail.aspx?EmployeeID=35683&

Thank you for choosing City First Mortgage Services,

Nathan T. Kessler | Sr. Mortgage Loan Originator

City First Mortgage Services
8871 W Flamingo Rd Suite 202
Las Vegas, NV 89147
(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743
nathan.kessler@city1st.com www.city1stlasvegas.com
Company NMLS # 3117 | Branch NMLS # 819501
Individual NMLS # 377217 NV #46175
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0 votes 3 answers Share Flag
Tue Mar 18, 2014
Paul Watkins answered:
This questions is a little old but I thought I would chip in on how I was able to do a refinance that a hard money lender was not willing to do. I am with Banc Home Loans and we have some unique products to help folks get into a home or refinance into a better rate.

Click on my profile or give me a call for more information about unique loan programs and fast turn times on all conventional programs.
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0 votes 5 answers Share Flag
Mon Jan 6, 2014
Angela Adams answered:
Do you have a lender? Have you spoke with them yet?

If you need an honest, hardworking lender please contact me I will point you in the right direction.
1 vote 12 answers Share Flag
Wed Dec 11, 2013
Jessica Bateman answered:
Locate a broker or company that helps people find lenders that match the type of loan product you need like, The Lenders Network. They specialize in lender referrals and know many lenders that can work with bad credit, good luck! ... more
0 votes 7 answers Share Flag
Tue Nov 5, 2013
Madhukar.tanna answered:
I am a non resident Canadian living outside Canada. I wish to buy a one to two bedroom apartment in LV. My target price is 75K. Kindly contact me at madhukar.tanna@gmail.com
I do not require any mortgage. Thank you. ... more
0 votes 13 answers Share Flag
Sat Oct 19, 2013
Rena Levy answered:
Hi Natalie

For a non resident alien buying 10 units building (conciser commercial investment) I can get you a mortgage with 50% down.

I specialize in International investments and hold a " Certified International Property Specialist " designation. Also licensed in two countries and 95% of my business is International clients.

Contact me for more info and set you up with my lender. You can call me at +1-702-612-7099 or email: Rena@Cvegashomes.com or Skype : Rinalevy18

Yours truly,

Rena Levy

Connecting global wealth with global people!

International Broker/Associate
Certified International Property Specialist
Global Business Council
Licensed in U.S.A/Nevada and Israel
World-Wide Real Estate
"Bringing the world to you..."


Direct: 702-612-7099 U.S.A
Office: 702-992-7754 U.S.A
E-Fax: 888-433-4207 U.S.A
Israel: 03-911-9001
Realty Executive International
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0 votes 4 answers Share Flag
Tue Oct 15, 2013
Robert Adams answered:
f_steve posted this question in Dec 2012. Hopefully they received the answers they needed by now. If now please let me know as I would be happy to point you in the right direction.






I look forward to hearing from you!

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com

CONNECT with me on LinkedIn: www.linkedin.com/pub/robert-adams/2a/971/a93/

LIKE me on FaceBook: https://www.facebook.com/pages/The-Adams-Team-at-Rothwell-Gornt-Companies-LVrealestateHELPcom/148902465176255

FOLLOW me on Twitter: https://twitter.com/ShortSalePros
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0 votes 5 answers Share Flag
Mon Oct 14, 2013
Richard- El Bey answered:
Foreign National Loans

Borrowers using TIN Okay
Borrowers with NO CREDIT SCORE
Borrowers with NO SSN
Foreign Nationals {Expatriate}- NO PASSPORT {Must have valid work visa or 30% Down}
70% LTV Purchases
65% LTV Rate & Term Refinance
50% LTV Cash Out {Possible higher if financials are up to par}
Multiple properties OKAY
Corporation purchasing and refinancing OKAY

Richard- El Bey
Avarice Investments
(706) 399-7813 cell
(678) 752-8062 Office
thegocp@gmail.com
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0 votes 9 answers Share Flag
Fri Sep 27, 2013
Daniel Bradford answered:
I have sold several hundred investment properties to and for Canadian foreign nationals...We can probably help you with funding. Please call me to discuss details or call me at (702) 743-9916.

Daniel Bradford
Owner/Broker
Buyers Realty USA
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0 votes 5 answers Share Flag
Sun Aug 18, 2013
Chad Roberts answered:
Most lenders will require that you wait 3 years before getting an FHA loan with 3.5% down, or 2 years for conventional financing with 20% down.

Regards,
Chad Roberts
Broker/Salesperson
Realty One Group
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0 votes 12 answers Share Flag
Sun Aug 18, 2013
Joycelewis412 answered:
Yes, a mortgage company will not hold the couple equally responsible if both did not sign the note especially if the debt happened prior to marriage.





Check if you qualify for a mortgage. Try www.whywaitbuytoday.com ... more
0 votes 11 answers Share Flag
Tue Aug 13, 2013
Joycelewis412 answered:
General rule is 2-3 years depending on the type of loan you sold short on.






Check if you qualify for mortgage. Try http:www.whywaitbuytoday.com
0 votes 10 answers Share Flag
Tue Aug 13, 2013
Jimmy Balsano answered:
Hi Stillbillone

Most lenders usually like to have a balance of 50K before making a loan
Try a hard money lender, check with Steve Cutter @AWM ph:
702-501-2307

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
www.jimmybalsano.com
http://www.salestraq.com/las_vegas/newhomesearch/index.cfm?id=4780(New Homes
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0 votes 4 answers Share Flag
Sat Aug 3, 2013
Nathan Kessler answered:
I would be more than happy to assist you with your available options today! Please call me and we can discuss how it works in your benefit. I look forward to hearing from you.

http://thenationalrealestatepost.com/find-a-professional/mortgage-professional/nevada/las-vegas/nathan-kessler/

Thank you for choosing City First Mortgage Services,

Nathan T. Kessler | Sr. Mortgage Loan Originator
City First Mortgage Services
8871 W Flamingo Rd Suite 202
Las Vegas, NV 89147
(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743
nathan.kessler@city1st.com www.city1stlasvegas.com
Company NMLS # 3117 | Branch NMLS # 819501
Individual NMLS # 377217 NV #46175
... more
0 votes 2 answers Share Flag
Fri Aug 2, 2013
Alexander Greer answered:
We can certainly help you out. You can check us out at http://www.TheMortgageOutlet.com and give us a call. One of our loan officers will look at your situation and present you with some options. ... more
0 votes 4 answers Share Flag
Fri Aug 2, 2013
Nathan Kessler answered:
Call and ask me about City First Select. It's a great alternative to private funding without the high cost. I can go down to 500 FICO (lower on a case by case), use bank statements instead of tax returns, and do higher LTV than most private money lenders. Call me, or click the link below and I will be more than happy to assist you. I look forward to your call.

http://thenationalrealestatepost.com/find-a-professional/mortgage-professional/nevada/las-vegas/nathan-kessler/

Thank you for choosing City First Mortgage Services,

Nathan T. Kessler | Sr. Mortgage Loan Originator
City First Mortgage Services
8871 W Flamingo Rd Suite 202
Las Vegas, NV 89147
(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743
nathan.kessler@city1st.com www.city1stlasvegas.com
Company NMLS # 3117 | Branch NMLS # 819501
Individual NMLS # 377217 NV #46175
... more
0 votes 3 answers Share Flag
Mon Jul 29, 2013
Nathan Kessler answered:
It can be removed. It has to be done at the bureau level. If you'd like to call me, I can walk you through the process.

http://thenationalrealestatepost.com/find-a-professional/mortgage-professional/nevada/las-vegas/nathan-kessler/

Thank you for choosing City First Mortgage Services,

Nathan T. Kessler | Sr. Mortgage Loan Originator
City First Mortgage Services
8871 W Flamingo Rd Suite 202
Las Vegas, NV 89147
(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743
nathan.kessler@city1st.com www.city1stlasvegas.com
Company NMLS # 3117 | Branch NMLS # 819501
Individual NMLS # 377217 NV #46175
... more
0 votes 3 answers Share Flag
Tue Jul 9, 2013
Michelle McDermott answered:
If you need a real estate attorney to handle your HOA, HOA auction-quiet title or evictions,Short sale, foreclosure or mediation needs you should call Robert Noggle, Noggle Law PLLC www.nogglelaw.com
702-525-4113
... more
0 votes 7 answers Share Flag
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