Taking the leap into self-employment is one of the most rewarding things you can do. Unfortunately, it also leaves you with a whole new set of issues to deal with. Things that were once simple, like getting approved for a loan, are now more challenging.
If you're self-employed and looking at Las Vegas homes for sale, you might wonder how much trouble you'll have getting approved for a mortgage. Don't worry too much: Our real estate agents help entrepreneurs buy new homes all the time!
These simple tips will help you go through the mortgage approval process with ease.
Chances are, if you have a mortgage, you've probably wondered if it would be better to pay it off early. If that's the case, you're not alone. There are compelling arguments to be made for and against. Our real estate agents are here to help you make the best financial decision for your specific situation.
On one hand, there's some logic behind the idea that, if you have any kind of debt, it's always better to pay it off sooner rather than later. And paying off your mortgage early, if you have the available funds to do so, will certainly reduce the amount that you pay in interest in the long run.
But there's a counter-argument to be made as well. One of the most common reasons many financial experts give for not paying off your mortgage early is that the amount you save in interest probably won't be more than you could earn by using that money for other long-term investments, such as real estate or the stock market. At the end of the day, the right call depends on your unique priorities and situation.
For most people buying a home is the biggest financial transaction of their lives. So there is good reason getting your finances in order tops everyone's list of first steps. But where do you start? Here are some tips to guide you in the right direction.
Do you work for yourself and want to buy a house? You're in luck! While it's not always as easy to get financed when you're self-employed, it's not impossible either especially if you know where to start. More than 10 percent of all workers in the United States are self-employed, and lenders and sellers aren't ignoring them completely. Our real estate agents are here to help all home buyers in Las Vegas and that includes those who work for themselves. You just have to counteract potential disadvantages by planning ahead, coming prepared, and documenting everything.
Before you commit to a lender or make that first bid, here are some simple steps you can take to improve your chances and reduce your risks:
Let's face it: no one wants thirty years' worth of debt. Interest adds up, and mortgage payments take up a big chunk of your family's budget each month. However, when you sign on the dotted line, you don't actually have to spend the next three decades locked into that contract. At Wardley Real Estate, our real estate agents know how important it is to take control over your future finances, from moving into a new home to moving up your payoff date. That's why we want to share some of our favorite ways to pay off your mortgage early.
While you're looking at homes in Las Vegas, make sure you know how to plan ahead and make smart mortgage choices that will speed up the repayment process. These tips are a great place to start: