It’s never worth spending a dollar just to get 28 cents back. That’s more or less what you’re doing when you make mortgage payments and then take a deduction on your tax return.
Real Estate News
Q: I really enjoyed your article about accommodations for the disabled on Sept. 4. As a member of a homeowners association (in an age-qualified) community, I have an additional question.
Put yourself in the mortgage lender’s shoes: Before giving someone a big loan, wouldn’t you want to know a lot about the borrower? Expect your mortgage application to ask these questions about your income, credit history, the home you want to buy, how much money you have saved and more.
The most popular mortgage rose to its highest level since late June, after stalling for a month and a half near a record low.
NOTE: Sometimes,my readers’ questions — like this one — demand I seek advice from other professionals. This week, I’ve invited attorney Avece M. Higbee to weigh in on this foreclosure issue.
According to a new report from Bankrate.com, “Best and Worst Metro Areas for Homeowners,” Las Vegas ranked no. 4 out of a list of the 50 largest metropolitan areas, by population, across the U.S.
Mortgage rates remained at a near-standstill this week after a so-so employment report.
More than 1,000 students are now going to school every day in Southern Nevada with a new backpack stocked with school supplies, thanks to donations from local Realtors.
Buying a home is an exciting process that takes time, research and money. And for people who need a mortgage, it also usually requires a good credit score. If your credit history is less than what most lenders deem acceptable for a home loan, then it’s time to explore your options.
Professional staging, of course, goes beyond the traditional cleanup that brokers have always advised for marketing (removing clutter, packing away personal items and the like). Since her rant, readers have responded with varying opinions on whether staging pays off.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.
If you’re buying a home, you’re probably applying for a mortgage. And unfortunately, even when you think you’ve done everything right, your mortgage could still get rejected for surprising reasons. We asked mortgage lending experts to run down some of these unlikely — but very real reasons — home loans get rejected.
■ 3726 Las Vegas Blvd. South, No. 1202 — $1,318,888; 1,815 square feet; parcel No. 162-20-714-335; seller, LVT Owner LLC; buyer, Chichen LLC;
NOTE: This week I’m turning over my column to Gayle A. Kern and Veronica A. Carter of Kern &Associates.
Homeowners who owe more than their home is worth will get a new opportunity to refinance their mortgage, thanks to a new program announced last week by the Federal Housing Finance Agency.