Second Chance Financing Now Available In Nevada!!

Thousands of Southern Nevada homeowners have found themselves at a crossroads figuring out where to live after turning in the keys to their home after a short sale or foreclosure. Many believe that they have no other choice than to start over as renters and that it will be years before they can hold keys to their own homes again.

Not true! New loan programs now make it possible for qualified Southern Nevadan’s to rebuild their lives in a home of their own immediately after experiencing a foreclosure or short sale.

Las Vegas based Premier Mortgage Lending now offers Second Chance financing through their “Another Chance Nevada” home loan program. “For many people who have experienced a short sale or foreclosure, it’s not a question of ‘if’ they want to be a homeowner again, it’s a question of ‘when’ they can buy another home” said Rick Piette, owner of Premier Mortgage Lending.

Through their Another Chance loan program, private portfolio lenders offer home loans following full-documentation underwriting guidelines. These 15 or 30 year fixed rate loans carry interest rates that are typically higher than traditional mortgage rates. A minimum of a 20 percent down payment is required, which can be your own funds or a gift from a family member.

For details about the Another Chance loan program, call 485-6600 or visit www.AnotherChanceNevada.com.

Premier Mortgage Lending (NMLS #393282) is located at 8689 W. Sahara Ave #100 in Las Vegas, and is a member of the Better Business Bureau, the Las Vegas Chamber of Commerce, as well as an affiliate member of the Greater Las Vegas Association of Realtors.

 

Another Chance Nevada provides homeownership opportunities after foreclosures, short-sales

When her 30-plus-year marriage ended, Southern Nevadan Carol Ann Beck found herself at an unexpected crossroads. Among the myriad changes that she faced was the realization that she could not afford her home’s mortgage by herself. After her earnest, albeit frustrating attempt in securing a mortgage loan modification, she believed that she had no other choice than rent as her golf course community home went on the auction block.

After a year of renting, she discovered that her housing options were not limited and that she could indeed become a homeowner again through Premier Mortgage Lending’s Another Chance Nevada program.

“I had a really nice house, but after my husband left I couldn’t pay for it on my own. It went into foreclosure and I moved into an apartment, and apartment living was awful. When I met with a Realtor to help find a house to rent, she told me about Premier Mortgage Lending and a new loan program that could help me buy another house, something that I didn’t think that I could do for many years after a foreclosure,” she said.

“For me, this loan program was the most wonderful thing that could happen. I bought a house last year in Summerlin that’s perfect for me. My credit was good and the only thing that happened was a tragedy.”

Beck is among hundreds of Southern Nevadans who have purchased another home after experiencing a foreclosure or short sale through Another Chance Nevada. Through the program offered by Las Vegas-based Premier Mortgage Lending, private and institutional portfolio lenders offer home loans following full-documentation underwriting guidelines.

These 15- or 30-year, fixed-rate loans carry interest rates that are typically higher than traditional mortgage rates. At least a 20 percent down payment is required. Borrowers may close within 30 days from the time of loan approval, and may refinance the loan at any time without penalty.

An Another Chance loan may be used on the purchase of a re-sale or a new home. The lender is currently working with Beazer Homes, D.R. Horton, Dunhill Homes, Harmony Homes, KB Home, Pardee Homes, Pulte Homes and Del Webb, Richmond American Homes, Ryland Homes, and William Lyon Homes.

The full-service lender provides complimentary mortgage pre-qualification to help individuals determine if they, too, may qualify for Another Chance Nevada or traditional mortgage programs.

Beck lauded the mortgage and home-buying process as well as the service provided by Premier Mortgage lending.

“Having had a foreclosure with extenuating circumstances, I was amazed that I could ever get a mortgage again. Premier handled everything to perfection and kept me amazed,” she said.

“…The whole process was as straight forward as it can be. I worked directly with Andrea Hall at Premier and she kept me very informed throughout the whole process. It was a perfect transaction really, and everyone involved, including the Andrea and Realtor, were very kind,” she said. “I had a really wonderful experience, and I am hoping to work with Premier again in the future to refinance (into a traditional mortgage loan).”

For additional information or for mortgage pre-qualification, call Premier Mortgage at 485-6600 or visit www.AnotherChanceNevada.com.

Premier Mortgage Lending (NMLS 393282) is located at 8689 W. Sahara Ave., Suite 100, Las Vegas, 89117 and is a member of the Las Vegas Chamber of Commerce, Better Business Bureau and Southern Nevada Home Builders Association, as well as an affiliate member of the Greater Las Vegas Association of Realtors.