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Real Estate Value - Determine the Current Market Value Price Pange for the Home You are Selling

Real Estate Value is a service for prospective home sellers who are planning to sell in the next 12 months, to determine the current market value price range for their home.

When "shopping around" for the best mortgage terms, many home mortgage-borrowers are tempted to pre-qualify with more than one mortgage lender. If you do so, be careful because too many pre-qualifications MAY adversely affect your ability to borrow money for your home mortgage in a timely-manner. Every time you apply for a credit card or other type of loan, the lender ALWAYS checks your credit history. Each and every credit check show up as INQUIRIES on your credit report, which is maintained by the three main credit reporting agencies: Equifax, Experian and Trans Union.

Normally inquiries are viewed as an indicator of credit risk. According to Fair Isaac, the more inquiries on a borrower's credit file, the more likely it is that the borrower will not be able pay his or her bills. The problem that happens to many potential home buyers when shopping around for the best pre-qualification terms for their mortgage, is that they are generating multiple inquiries on their credit reports which inadvertently lowers their ability to ultimately obtain their home mortgage.

Fortunately, these multiple inquiries don't count BUT it may take precious time and effort by your loan officer to clear up the matter: Fair Isaac has a new policy that helps potential homebuyers who rack up multiple credit inquiries while trying to find the best home mortgage by pre-qualifying with many mortgage lenders. According to Fair Isaac's new policy, all automobile and mortgage-related inquiries that occur within a 30-day period prior to the date the credit score is tabulated will be ignored. For every 14 days prior to this 30-day period, only one inquiry will be counted, no matter how many inquiries were made during a particular two-week period.

However in the big picture, inquiries have a relatively small impact on a credit score. Other financial factors such as late credit payments, particularly recent ones, and high debt carry more weight in the equation. Nevertheless, there is a possibility that home buyers who continue to "shop around" for the best home loan terms over a period of months could ultimately hurt their chances to obtain their mortgage, so it's probably best not to get pre-qualified at EVERY mortgage web site you visit.

For your convenience, I present several useful online calculators, as well as a collection of links to local lenders and other useful mortgage-related websites. I hope these resources assist you.

Las Vegas Home Loans - LOCAL MORTGAGE LENDERS:

Kerry Robbins (e-mail: kerry@HBALoans.com) HB Associates Inc. 3360 E. Russell Rd. Suite C Las Vegas, NV 89120 Phone: (702) 891-8446 Fax: (702) 891-0191 Larry Hand (e-mail: parson@wizard.com) Coast-to-Coast Mortgage 9931 W. Charleston Blvd. #2 Las Vegas, NV 89117 Phone: (702) 798-7545 Fax: (702) 798-7675 Cell: (702) 286-6608 Use the reference links below to access online Mortgage Calculators: This calculator estimates the value of a house based on your income, dept etc.: How much House can I afford Calculator This calculator estimates mortgage payment and interest, it can also calculate prepayments. It also creates Amortization tables: Mortgage Payment Calculator This calculator estimates what kind of income lenders will expect you to be making to qualify for the specific values: Mortgage Qualification Calculator This calculator allows you to compare renting versus buying by entering how much you want to spend a month and how much down you would put into your house: Rent versus Buy Calculator This calculator estimates what kind of income lenders will expect you to be making to qualify for the specific values: Bloomberg.com: Mortgage Calculator MORTGAGE/HOME RESOURCES: HUD On Your Side: Buying A Home American Society of Home Inspectors Consumer Information Catalog: Home Financing Consumer Protection/Homeowner-Homebuyer Warnings NOLO Legal Encyclopedia: Buying and Selling a Home Put Steve P. Anderson to work as your buyers agent for Las Vegas real estate today!!! Or, PLEASE Click Here to Bookmark this Page for consideration of Steve when you do require the assistance of a knowledgeable real estate professional to buy or sell a house in Las Vegas. Thank You. Simply use the first link below and fill out the form with your request and the information you need, click the Send button and I will contact you as soon as possible to offer every form of assistance possible: Ask Steve to conduct a Complimentary Professional Search of the Most Up-to-Date Las Vegas MLSTM Listings OR: View Steve's FEATURED Homes for Sale in Las Vegas OR: Search Las Vegas Home Builders Inventory for New Houses for Sale in Las Vegas and Model Homes OR: Search Las Vegas MLSTM Property Listings for Las Vegas Resale Home Sales OR: View Online Las Vegas Real Estate INFORMATION CENTER OR: Learn more about Las Vegas RE/MAX Realty and RE/MAX International REALTORS® - "The Real Estate Leaders" ^ back to top ^ Each office independently owned and operated Copyright ©2000-2005 Steven B. Anderson, All Rights Reserved.