Melanie Dages' Blog

 Each new day brings  New Beginnings.

So many people are looking for that new beginning.  So many people are optimistic about each new day and some people feel despair.  With Las Vegas “leading” the states with the highest foreclosure rate, so states the media, it is no wonder anyone who lives in Las Vegas is feeling a bit blue.  I would love to see the newspapers and the news stations start reporting the good news in Las Vegas,  that homes sales reached the highest in the month of June than ever before,  that homes are once again affordable for the “average” person.

Which brings me to this point; My Blogs are designed for the “average” person.  I too am an average person.  I have a husband, adult children, grandchildren, a cat that I adore, a home that we bought 7 years ago and investment properties that we purchased when we thought it was the best time to buy.  I moved to Las Vegas with my Husband, Mike, 7 years ago, full of excitement for the opportunities that were available and I do not regret it for one moment.  We have made a life here and it is a good Life.  The climate is perfect for Mike's allergies; the climate is moderate, for the most part.   During the summer months we  get a laugh over the statement “but it is dry heat”.

In my opinion Las Vegas is a terrific place to live, and believe this; 7 years ago I never thought I would say that.   Mike  and I are originally from San Diego, California, “The Best place to Live” and Mike says he will never go back.  That is debatable for me,  LOL….however; I have learned to enjoy the many aspects of Las Vegas.  The entertainment is fabulous; the dining is out of this world and very diverse.   Lake Mead is 45 minutes from the city, Mount Charleston is a very short drive from any part of Las Vegas with hiking and camping that is truly wonderful, Redrock is located on the west side of town, with sites and scenery so spectacular it will take your breath away.   The dunes at Armargosa are 90 minutes from the North Side of Town and the Dunes at Dumont, southwest of Las Vegas, are only a 2 hours drive from the City.

I read the papers, watch the news and listen to the radio.  I can get a bit discouraged by the way that Las Vegas is being described. What I would like to see is more of the positive news being published and discussed.  The people who report and write for the media should start taking a look at the greatness that is Las Vegas. It is out there for any average person to see and for any person who can and will look past the negative. The negative, which by the way can be seen in any other City or State.  Las Vegas has been and still is a wonderful city, full of opportunity.  Let’s start spreading the news that Las Vegas is a thriving City, full of  people who see the opportunities available to them, average people who are optimistic about each day as a new and wonderful beginning. A New Beginning, just waiting to happen.

Let’s all work together and start writing and talking about Las Vegas.  A City full of optimism, wonderment, opportunity and  New Beginnings........

Melanie Dages  MLD #43006

Direct Access Lending #405

650 White Drive  #200

Las Vegas,  NV  89131

702-617-9900  Ext.  1176

Melanie.dages@dalusa.com

Fannie Mae

Home Path Program

Eligibility Requirements for Fannie Mae Home Path Program            

Introducing the Fannie Mae HomePath program. The Fannie Mae Home Path Program is specifically designed for borrowers purchasing a REO Home Path Property directly from Fannie Mae.
Second Home and Investment properties where the borrower has 4 or less financed properties are eligible for the Home Path Program.

*Fully amortized fixed and adjustable rates.
*Up to 95% LTV 1-2 units primary residents and DW manufactured homes. Full doc, FICO 660
minimum.
*Up to 90% LTV second homes and investment properties. Full doc, FICO 660 Minimum.
*Warrantable Condos and PUD (Planned Unit Development): Primary residence 80% LTV FICO 660
minimum.
*Second Home or Investment 80% LTV FICO 660 minimum.
*Mortgage insurance not required and appraisal not required. LTV is based on purchase price.
*Program requires HomePath Disclosure form to borrowers.
*Seller’s concessions up to 6% on Primary and Second Homes with LTV from 75.01% to 95%.
*Investment Properties
*Seller’s concessions up to 2% with LTV from 75% to 90%.

All Fannie Mae REO properties are not eligible for the HomePath financing. Property must be registered at www.homepath.com to be eligible for HomePath financing.


Melanie Dages NV MLD #43006
Direct Access Lending NV Mortgage Broker #405
650 White Drive # 200
Las Vegas, NV 89131
702-617-9900  ext 1176

What I see is HOPE......

Every day I see that the Real Estate Market is turning, and I am Hopeful that this turn is  for the better.  I hear the frustration in the voices of Buyers, Real Estate Agents and Mortgage Lenders, however; I also hear Hope.  I hear Hope in the voices of those that are ready to purchase.  I hear Hope from the Real Estate Agents that the market is making a turn.  I hear Hope from so many people, as they realize that their dream of becoming a home owner is within reach. 

As each new day starts I focus on the Hope that I am hearing.  I focus on the much needed positive conversations that are taking place throughout the day.   The Real Estate Industry has had many ups and downs over time.  This time may seem like the worst, however; I choose to look at today with an optimistic attitutude.  I choose to look at today with Hope.  Has there been a time when we have seen interest rates this low and homes so affordable?  There is such opportunity out there for people who have never owned a home before.  Have we ever before seen a gift from the government for $8000.00 available to any person who has not owned a home in the last three years?  

As a Mortgage Banker I am excited.  I am excited to be working with  buyer's who are Hopeful for the first time in their lives, Hopeful that they are going to become homeowners.  I am excited about the change that is taking place and I am thankful that I am involved in the lives of some many people who feel the change and are taking advantage of the change.

My question is this?  What are you waiting for?  Why would you sit back and let the opportunity of a lifetime pass you by?  Why would you pay rent when you could purchase a home and have a house payment that is less than what you are currently paying for rent? 

I have been assisting people with the purchase of homes for many years.  I have seen the joy on their faces when they sign their Close of Escrow Documents.   I have witnessed first hand the change that takes place when a person becomes a homeowner. 

I have seen HOPE and it is incredible.....

Melanie Dages     NV - MLD #43006

Direct Access Lending

NV Broker #405

650 White Drive  #200

Las Vegas,  NV  89119

702-617-9900  Ext.  #1176