101219 Consumer Questions 1

The reason why you need to have so much paperwork turned into your lender is to prevent bad things from happening to the real estate industry and housing market overall. Lenders came out with a rule to make sure that lenders are only giving loans that are relatively safe to give. That means lenders must evaluate all characteristics that borrowers that go into their ability to pay back this money and they have basically drawn up a box that requires everyone to show that they are inside the box via their paperwork. It doesn’t matter if you have an 800-credit score and you are prefect lenders still need to prove your income, prove you still have the money and have to prove that you have paid your bills on time. Even if you put down 50% regardless a lender will need to put you in the same process to make sure. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo