Lock in a Low Interest Rate on a Las Vegas High Rise Condo Today

So you bought a high rise condo. You went ahead, sent in your registration deposit, went to hard contract and now you're sitting on hopefully a highly appreciating asset. There's just one thing you may have forgotten: You're going to have to close some day... some day soon.

Oh sure, you're looking at 18 months to 2 years for most projects, but believe me when I tell you that time will FLY! - You better start thinking about how you're going to close that deal, because if you don't close, you'll most likely lose your entire downpayment up to that point. I don't care what project you bought into - I know your downpayment amount is substantial.

The interest rate you get while financing the balance of your purchase contract will be a major indicator of whether or not you made the right move to purchase a unit to begin with. If you're looking to rent your unit out, obviously the interest rate has a direct bearing on what your monthly payment will be and therefore, whether or not you'll have a positive cash flow.

So what do you think? Are interest rates going higher or lower? What will they be in 2 years when you're expected (REQUIRED!) to close? Unfortunately, I think we all know what the answers to those questions are - and it's probably not for the better.

Wouldn't it be great to lock into a low interest rate TODAY and have that rate locked in for up to 24 months to protect against rates going higher? And wouldn't it be even greater if, should interest rates go down over the next 24 months, you'd still be allowed to take the lower of the rates!?

Well, here's the good news. I've discovered a reputable condominium funding source that allows just that! With loan programs up to $10,000,000 on new high rise condo and condo hotels and 100% financing up to $1,000,000, this resource is your answer to that closing issue you may or may not have given serious thought to.

It's been my experience that when sales reps write purchase contracts on their units, no one ever gets into details regarding the issue of closing. For the most part, it's more like: "all you need is 20% down and you're in. Our buildout will be 2 months, so all you need to do is sit around and wait. Then in about a year and a half, we'll start thinking about closing." Well, I'm here to tell you that you better start thinking about closing NOW!

This could be the most important post I've ever made on this Las Vegas high rise blog. Remember, in Las Vegas, just about every high rise condo project REQUIRES that you close. For most people, that means obtaining financing. Contact me immediately for more information on how you can lock in interest rates for up to 24 months today, so you'll get the financing you'll need to leave that closing table worry-free.