Fixed-rate vs. adjustable mortgages

Many times people call us and want to know, “What’s the rate?” They don’t ask about payments, programs, or any other variable with a loan. They just want to know the rate. Then, they ask how much someone can save by having a lower adjustable rate...

Pay your mortgage off early

So you want to pay your mortgage off early, but you are confused about how to do so. The first thing you need to decide is how much extra cash you have available to put towards your current mortgage. Is it $50, $500 or somewhere in between? Second, do you have a...

What to consider when refinancing

In today’s crazy market with interest rates being all over the board and most people getting bombarded with information about refinancing, we often get what the ideal situation for a refinance is. Typically, we tell borrowers to wait until they can lower their...

30-year mortgages versus 15-year mortgages

The most popular type of loan is the 30-year fixed-rate mortgage. By choosing the 30-year option, you are extending out your home loan as far as possible and you have the lowest payments possible each month. If you have a 30-year-fixed mortgage, you still have the...

Vacancies are declining, which may reflect recession rebound

Since the start of the year, vacant warehouse space in excess of 245,000 square feet has been removed from the local inventory by being rented. This rental shows a trend that Clark County’s industrial market is moving, and that the economy is improving – slowly....