Las Vegas, Henderson and Summerlin real estate and homes for sale in Nevada - Ronni Land, REALTOR® Ronni Land REALTOR(r) for Las Vegas, Henderson and Summerlin , Nevada real estate - NUMBER1EXPERT™ Ronni Land NUMBER1EXPERT(tm) for Las Vegas, Henderson and Summerlin , Nevada real estate

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Ronni Land, REALTORŪ, real estate agent and broker for Las Vegas, Henderson and Summerlin  Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Financing Your Home >Assuming a Mortgage

You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.

Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.

Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.

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Real Estate Trivia
Q 
What is considered one of the few remaining tax shelters in the 1990s?

A 
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million.
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Ronni Land, REALTORŪ, real estate agent and broker for Las Vegas, Henderson and Summerlin  Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)

Ronni Land
Ronni Land Realty

9505 Hillwood Dr. Suite 100
Las Vegas, NV. 89134
Local: (702) 395-7435
Email: RonniLand@NUMBER1EXPERT.com

Ronni will gladly represent you in the purchase of any home or real estate in the Las Vegas area, including Summerlin, Anthem, Red Rock Country Club, Siena, Sun City, Turnberry Place, Southern Highlands, Mountain's Edge, Green Valley and Henderson. Specializing in Buyer Representation for over 20 years...she would love to help you find your Las Vegas dream home at an affordable price and add you to her real estate family. Whether you are seeking a Las Vegas family home, luxury estate or compact condo, NEW HOME or RESALE, Ronni and you will find your perfect Las Vegas home together. Ronni represents YOU, the Buyer - the Seller or Builder pays her commission. When you work exclusively with Ronni, you get the benefit of her knowledge, experience and professionalism. AT NO COST TO YOU.



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