Why it’s better to buy a home now than ever before

Still not convinced that buying a home is right for you? Here are five reasons that are sure to change your mind.

  1.  Affordability Houses are more affordable now than they have ever been before. Not only are interest rates at historic lows, but houses are also priced at rates nearly for grabs—about 30% lower than their peak. We are truly living in a buyer’s market.
  2. Stability Buying a home offers stability, not only in your environment, but in your finances and overall well-being as well. In buying a home with a fixed interest rate, you are guaranteed a set monthly payment. This ultimately creates ease in budgeting and financial planning, which is not very likely when renting due to potential inflation increases.
  3. Control Ownership gives you control in customization of your own home and environment. If there’s something you don’t like, fix it! Buying a home lets you renovate and personalize your home as many times as you’d like to suit your needs.
  4. Community Long-term stability in a neighborhood produces a greater sense of community because relationships are able to develop. Living in tight-knit communities creates safe and happy environments for you and your family to grow in for years to come.
  5. Value In month-to-month comparisons, buying a home is more costly than renting one. However, the long-term investment in buying a home is well worth it. When paying rent, you are essentially giving money away to help someone else pay off their loan. In buying a home, your monthly payments eventually result in a home to call yours and an investment property. Homes appreciate on average at 5% yearly; you are bound to gain all your money back and more in buying a home.

So what are you waiting for? With the help of Premier Mortgage Lending and our Another Chance Nevada loan programs, we can help make a home yours today.

Premier Mortgage Lending seminar focuses on ‘second chance’ financing


Rick Piette of Premier Mortgage Lending will provide an informational seminar to members of the Greater Las Vegas Association of Realtors this week.

Rick Piette of Premier Mortgage Lending will present “Financing After Foreclosure or Short Sale” this week to the members of the Greater Las Vegas Association of Realtors (GLVAR) as part of the organization’s ongoing informational seminars and classes.

GLVAR members will learn how private lending programs, such as Premier Mortgage Lending’s Another Chance Home Loan Program, may help re-open the doors of homeownership for Southern Nevadans who have experienced a short sale or foreclosure.

“Some Nevadans who want to purchase a home may feel as if they can’t for years to come because of a financial downturn, foreclosure or short sale. However, these potential buyers may be able to take advantage of today’s amazingly low housing prices and buy a home of their own through private lending programs like Premier Mortgage Lending’s Another Chance Home Loan Program,” Piette said.

According to Piette, through Another Chance, private and institutional portfolio lenders offer home loans for the purchase of residential properties. Full-documentation underwriting guidelines are followed and at least a 20 percent down payment is required. These loans carry interest rates that are typically higher than traditional mortgage rates.

“I am excited to present this seminar to Realtors so that they may be able to pass the information along to their clients. I believe that in order to get Nevada’s economy rolling again, we have to fix housing. I believe that getting people who used to be homeowners back into homes of their homes of their own again is a big step in that direction,” Piette said. “I always encourage potential home buyers who are interested in buying a home to participate in the mortgage prequalification, which is offered by many lenders and is complimentary at Premier Mortgage.”

Also joining Piette at this week’s seminar is Jamie Cogburn of Cogburn Law Offices, who will discuss short sales and contingent liability.

For details about the Another Chance Loan Program, mortgage prequalification, or to schedule an appointment, call 485-6600 or visit AnotherChanceNevada.com.

Premier Mortgage Lending (NMLS 393282) is located at 8689 W. Sahara Ave., No. 100, Las Vegas, Nev., 89144 and is a member of the Better Business Bureau and Southern Nevada Home Builders Association, as well as an affiliate member of the Greater Las Vegas Association of Realtors.

Many Attractive Homes on the Market in Las Vegas

The recession battered the economy of Las Vegas and crippled its real estate market. The gloom that hangs over real estate in the country is thicker and more pervasive in Vegas, the leader in foreclosures for 59 months in a row according to RealtyTrac.

There are more homes than buyers and banks and homeowners are slapping bargain barrel prices onto their properties. A luxurious, well-situated home that sold for $375,000 in 2006 has plummeted in price to $131,000.

Investors are already salivating at the prices, with companies based in locales as distant as China scooping up multiple properties.

However, savvy local residents can take advantage of the market as well. The city is cluttered with more than 11,000 bank-owned homes and 80% of them are empty and deteriorating. These homes are begging for new owners and if being a homeowner is your goal there’s almost no better market to buy in.

There are so many properties to choose from that it’s important to take your time in deciding which one is right for you. Many of the empty houses have not been properly cared for and are sitting in various states of disrepair.

If you’re looking for a traditional mortgage, give us a call at Premier Mortgage Lending. We can help you identify your borrowing potential and guide you through the process.

If you’re unsure if the traditional route will work in your case because you’ve suffered a foreclosure or short sale, don’t give up. You still have options, and we still care about helping you. The median existing-home price fell to $110,000 in October, down 7.6% from last year according to the Las Vegas based Home Builders Research. The city needs homebuyers and you deserve a second chance at becoming one.

The “Another Chance” home loan program allows prospective buyers to purchase a home through a privately funded loan. Give us a call at (702) 485-6600 or visit www.AnotherChanceNevada.com for more information.

Buying a Home is the Best Deal in Las Vegas

What’s the best deal being offered in Las Vegas right now? Here’s a hint- it’s not happening on the Strip. Step away from the glamour and high-rises of Las Vegas Blvd and you’ll be faced with home prices more alluring than a showgirl.

The glut of available properties in town is keeping prices low and enticing homebuyers from across the country to purchase property in the city. The number of existing houses that were sold in 2010 is more than double the number sold in 2007 but the median price of homes plummeted during the same time period according to the Las Vegas-based Salestraq.

So who’s heading out to the valley? Trulia.com found that Californians  account for most of the online home searches in Las Vegas with a sprinkling of people from more distant locales also looking to take advantage of the cheap prices.

Trulia also recorded “outbound” home searches from Las Vegas residents and found that many were searching for homes in Pahrump and Reno. Many people flee big cities during times of economic hardships in favor of the suburbs because they believe it will be cheaper.

However if buying a home is on your agenda  this isn’t the time to leave town. Even if you’ve been battered by a foreclosure or short sale you can still take advantage of the low prices and become a homeowner. The Another Chance program we’re offering at Premier Mortgage Lending gives options to people who can’t buy a home the traditional way through private funding.

It’s not just Californians who can buy a home in Las Vegas, you can too. Visit anotherchancenevada.com for more information