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 [...]
Post Tagged with: "Reno Mortgages"
GREAT NEWS! FHA Loan Limits Increased to Prior Loan Limits
With the President signing H.R. 2112, the FHA loan limits have been increased back to the limits that were in effect prior to October 1, 2011. The limits are effective for new loan applications effective November 18, 2011. The new limits are: Washoe County – $403,750 Carson City County – $398,750 Lyon County – $331,250 [...]
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 [...]
Why should I choose a local Reno home loan lender?
Every once in a while I have a borrower that tells me they found an online lender that is offering a better rate than what I can offer. Or I have a client who feels that since they have all their accounts with a large, national bank that they feel they should go with them [...]
Meeting with your Reno home loan lender for the first time
You’ve made the decision to buy a home here in Reno and you’ve found a lender you would like to work with. Now what? In my world, my initial conversation with a new home buyer takes place over the phone. This allows me to get the information I’ll need to determine if I can get [...]
Maximum home loan limits have stayed the same in Reno for 2011.
Conventional and FHA maximum loan amounts for Reno, Sparks, Fernley, Carson City and all of Northern Nevada have remained the same in 2011. Conventional loan limits remain at $417,000 for the entire state. FHA loan limits vary by county: Reno/Sparks is currently at $403,750. Carson City is at $398,750. Fernley is $331,250. Fallon and the [...]
Is this the year you buy a home?
The beginning of the year is a great time to set some goals for ourselves. We may call them resolutions, but they’re basically the things we want to do over the course of the next year. Many people decide to eat less and workout more. Some people decide to be smarter about their money. I’ve [...]
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 [...]
