Real Estate Loan Secrets - elevate Episode 4 w/ Michelle Massa, Mortgage Lender (Nevada State Bank)

elevate

Even if you have a million dollars in the bank, getting a mortgage loan can be challenging, but planning ahead can make all the difference. Today on elevate, you’ll hear from Michelle Massa NMLS # 409911, Senior Mortgage Loan Officer at Nevada State Bank. We’re sharing our best advice for buyers looking for a mortgage—from common mistakes you can avoid to questions you should ask your lender.
The following interview discusses various mortgage products, rates, and financing scenarios. These are intended for illustrative purposes. Please consult a mortgage, real estate, and tax professional regarding your own financing needs and options. Mortgage financing is subject to credit approval. Terms, conditions, and restrictions may apply, see your mortgage lender for details.
— In This Episode You’ll Discover —
00:00 Introduction
00:44 Michelle Massa’s background in the mortgage business
03:23 Why you should be transparent with your lender
05:07 Common issues getting a mortgage
06:22 What’s considered a jumbo loan?
06:50 The importance of mortgage pre-qualification
09:10 How does a credit check affect your credit score?
13:10 Should you shop for a mortgage online?
15:03 When the Fed raises rates, how does that affect mortgage rates?
16:20 Covid-19 mortgage deferment
18:28 What you should know about the current mortgage industry (June 2022)
22:05 What is a good faith estimate or loan estimate?
27:48 Is the mortgage refinance boom over?
28:23 What’s better, a cash-out refinance or home equity line of credit (HELOC)?
30:20 Does Nevada State Bank do VA loans?
31:15 When will mortgage interest rates go up?
32:40 Outro
— Memorable Quotes —
“Don’t be afraid to tell your lender the worst stuff.” - Michelle Massa
“Please understand that income on taxes is what we use.” - Michelle Massa
“The sooner you get that application in, the sooner you will set yourself up for success.” - Rob Jensen
“You definitely have to look at all of the information.” - Michelle Massa
— About This Week’s Guests —
Michelle Massa has been in the mortgage industry for 20 years, including 14 years specializing in the Private Mortgage Banking arena, where she works with self-employed and high net worth clients. Her annual sales volume has been over $50 million since 2018, with a focus on purchase transactions closing in 30 days or less. Her goal is to always hear each client’s story and to handle their needs and requests quickly and efficiently.
— Get In Touch With Michelle Massa —
Phone: [phone]
Email: [e-mail]
— About The Show —
Elevate is a show that explores the latest in elevated living. Hear from the local artisans, business owners, and innovators who make Las Vegas extraordinary and whose stories and insights will help you live your best life.