Over the last four years many home owners have short sold their home for various reasons. For those home owners that short sold their home, your wait time can be as long as 7-years from the completion date of the short sale before you are eligible for a mortgage loan. Conventional, FHA, and VA loans [...]
Post Tagged with: "Linda MacLeod Parker Reno"
Cash May be King…But be Careful When Using Cash When Doing a Mortgage Loan
In most cases you can use cash for your down payment and closing costs when doing any type of mortgage loan. The challenge is proving that the cash was yours and was not received from an unacceptable source. If you plan on using cash, discuss this with your loan officer on your first meeting. An [...]
Dos and Don’ts During the Mortgage Loan Process
The mortgage loan process should be a positive experience. Many times borrowers fail to realize that many of the things that they do can impact the approval of their mortgage loan. These dos and don’ts will help you through the process. DO: • Pay Your Bills. All required monthly payments need to be made [...]
New Maximum Home Loan Limits for FHA Loans
FHA has decreased their maximum home loan limits for several Northern Nevada Counties. The new limits are: Washoe County- $325,450 Carson City County- $286,350 LyonCounty- $271,050 Douglas County- $350,750 For a listing of all Nevada counties you can use the FHA’s website for FHA Mortgage Limits. The conventional loan limit remains at $417,000; any loan amount [...]
Stephanie Hanna
Stephanie Hanna is taking time off of the mortgage business to spend time with her family. We have brought on Linda MacLeod to replace Stephanie on our Guru site. While we will miss Stephanie and wish her well, we are excited to welcome Linda to our guru site. For more information on Linda MacLeod click [...]
