Category: Resource
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The Value of a Mortgage Advisor!
Mortgage professionals aren’t merely loan officers. They are advisors—an increasingly fitting term reflecting the multifaceted roles they fulfill for their clients, roles they’ve always played. To clarify the distinction, I defer to one of the world’s most renowned dictionaries: A professional is someone authorized to act in a specific activity as one’s main paid occupation… Read more
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Las Vegas Appreciation Compared to the National Average
Las Vegas has long been known for its vibrant lifestyle and booming tourism industry. However, its real estate market is also a hot topic of discussion, especially when it comes to property value appreciation. Let’s delve into how Las Vegas real estate appreciation compares to the national average and what it means for homeowners and… Read more
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The Impact of Professionals on the Las Vegas Economy
Las Vegas is known for its vibrant nightlife, entertainment, and tourism industry. However, over the past few years, there has been a noticeable influx of professionals relocating to the city. This trend is reshaping the local economy in significant ways. A Growing Professional Community The diversification of the Las Vegas economy has attracted professionals from… Read more
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Understanding the Grandfather Property Tax Caps for Clark County
When it comes to property taxes in Clark County, Nevada, homeowners often find themselves curious about how much they owe and how these taxes are calculated. One important aspect to understand is the concept of grandfathered tax caps, which can significantly affect your property tax bill. What are Property Taxes? Property taxes are a primary… Read more
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Why Dallas is a Prime Real Estate Investment Market
Dallas is a top real estate investment market, driven by strong economic growth, population influx, and appealing living conditions. Read more
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US Housing Market Second Half 2024: Opportunities for Home Shoppers and Sellers
The housing market may have had a slow start this spring, but there’s plenty of hope and opportunity for homebuyers and sellers looking ahead to the second half of 2024. Bright Prospects for Home Shoppers and Sellers Despite a challenging start to the year, there are many reasons to remain optimistic. Home shoppers came into… Read more
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Third C of Lending: Collateral
We’ve talked about Credit and Capacity in this series. Now, let’s dive into the third C: Collateral. This is a crucial part of the mortgage process because it determines if the property you’re buying is good security for the loan. Understanding Collateral Collateral is the property you pledge as security for the loan. In mortgage… Read more
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Second C of Lending: Capacity
Let’s dive into Capacity. This article focuses on how lenders assess your ability to repay a loan by looking at your income, job stability, and debt-to-income ratio. Understanding this is key for both borrowers and lenders. Assessing Income When evaluating your capacity to repay a mortgage, lenders closely examine your income. They want to see… Read more
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First C of Lending: Credit
When it comes to getting a mortgage, one of the biggest things lenders look at is your credit. Credit is super important for deciding if you’ll get approved and what loan terms you’ll get. In this chapter, we’ll break down the first C of mortgage lending: Credit. We’ll talk about how credit scores are calculated,… Read more
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The 3 C’s of Lending
In mortgage lending, there are three key factors lenders use to decide if you can get a loan: Credit, Capacity, and Collateral. Let’s break these down in simple terms so you can understand why they matter. Credit is the first thing lenders look at. Your credit score shows how responsible you are with money. It’s… Read more