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 [...]
Post Tagged with: "Stephanie Hanna"
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 [...]
New tax rules for landlords
If you own a rental property here in Reno, or anywhere for that matter, you must start tracking all vendors doing $600 worth of work for you and send them an IRS 1099 form at the end of 2011. Larger landlords have had to provide 1099s to vendors for some time now. But the Small [...]
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 [...]
Reno Mortgage Rates Update
Rates for mortgages here in Reno are continuing to rise on us. Today is Wednesday the 5th and I’ve seen two rate increases just today. We started out the day at about 4.875% with no points (4.963% APR) and I’m ending it with 4.875% at a cost of about .25 point (4.985% APR).* Keep in [...]
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 [...]
What happened to the 4.125% rate from November?
Wow! Rates have been on the upswing since the week ending November 12th and we haven’t seen much relief since then. On November 4th, I could lock in a borrower on a 30 year fixed rate at 4.125% with no points. Today, I’m at 4.875% with no points*. The good news is the rates have [...]
