Archive | Buyers

best elementary schools in Henderson NV

Best Elementary Schools in Henderson, NV is a national non-profit that rates local schools. Following are their rankings for the best elementary schools in Henderson, NV. Click the school link for information on available housing within that school’s boundaries. Rated: 10 out of 10 Selma F. Bartlett Elementary School John Dooley Elementary School John Vanderburg Elementary School Sue H. Morrow […]

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Home Buyer Tips

Homebuyer Tips [Infographic]

Buying a home can be at times exciting, stressful, exhilarating, and frustrating all in the same deal. Following are 6 tips that will ensure the outcome is one that you can enjoy for years. My number one tip – work with an agent. A good agent will ensure that all of this and more is taken […]

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HUD homes

What is a HUD Home?

HUD is an acronym for the U.S. Department of Housing and Urban Development. HUD becomes the owner of foreclosed properties (1-4 units) that were purchased with an FHA loan. They then re-sell the home to recoup the loss created by the foreclosure. Who Can Buy a HUD Home? HUD homes may be purchased by anyone […]

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Highlighted Mortgage Document And House Keys

What is Escrow?

Simply put, escrow is a financial arrangement where a third party holds and regulates payment of the funds for the two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account. Funds are then released after all of the terms of an agreement are […]

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Bank Owned Real Estate: REO

What is an REO Property?

An REO property – a Real Estate Owned property – is a bank owned property, one that the bank has already foreclosed on. Once a bank forecloses on a home, it will try to sell that property to recoup its investment (loan). The bank will first try to sell the property at a foreclosure auction, traditionally held […]

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VA Loans

What is a VA Loan?

A VA loan is a mortgage loan that is available to mosts veterans, and is guaranteed by the U.S. Department of Veteran Affairs. Benefits of a VA Loan? Because VA loans are guaranteed by the Department of Veteran Affairs, which reduces the risk to the lender, the lender can usually offer more competitive interest rates, […]

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Young couple meeting loan officer

What is an FHA Loan?

An FHA loan is a mortgage that is insured by the Federal Housing Administration. The FHA actually only insures the loan, the loan itself originates from an FHA approved lenders Because of the built-in mortgage insurance, FHA loans often have relaxed qualification requirements and attractive interest rates. Unlike conventional loans, buyers can use savings or other […]

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