It is very important to choose mortgage companies with great care - especially in nevada as there is no usury law. The only protection is that there are limits imposed on rates and interest but the only real stipulation for mortgage lenders and brokers is that they clearly state the rate and terms of the loan in writing.

There are several main points to consider when thinking about a mortgage or refinance package in Nevada, some examples are

• Your credit rating - if you have had any form of credit in the past you will have some kind of rating - but how good or bad is it?
• Capacity to repay - after all your living expenses and other loan and credit repayments how muchm oney do you have left, in other words what level mortgage repayments could you maintain
• Collateral - what is the value of the property and how much of that value do you need to borrow?