Las Vegas Housing Market Recovers

Las Vegas’ housing market has finally started to recover from its downfall in the past couple years. Sellers have become more flexible in the market today and prices are up to “26.7 percent over the previous year”! It is believed that international investors who took part in the original “boom” are still a “significant part of the Las Vegas market”.

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“The city suffered one of the biggest collapses in house values in the US, but is now recording some of the highest rises”

After suffering 5 years, Las Vegas homes are once again enjoying price increases and coming out of the “boom” in some of the best ways. Read more about the expansion and recovery the Las Vegas housing market is taking! Read More…

For additional information or to schedule an appointment for mortgage prequalification or refinancing, call Premier Mortgage Lending at 485-6600 or visit www.PremierMortgageLending.com.

Premier Mortgage Lending, NMLS #393282, is located at 8689 W. Sahara Ave., Suite 100, Las Vegas, 89117. The full-service lender is a member of the Las Vegas and Boulder City 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.

Alternatives to the 30- Year Mortgage

The most popular home financing option these days it the 30-year fixed rate mortgage. This is the most common choice because it is affordable and is well known to most people. This article goes into detail showing you a little more than meets the eye in traditional home loans.

“Homebuyers have several options outside of the standard 30-year mortgage, including paying in cash and taking out a 50-year fixed rate mortgage.” 

Paying in Cash: Most homeowners do not have this option, but most homeowners don’t know completely what paying in cash for a home entails. If you are able to pay in cash, be sure to have enough money to continue your livelihood.

15-year fixed-rate mortgage: According to many mortgage experts this is the second best mortgage, but be ready for a more expensive monthly rate.

20-year fixed-rate mortgage: This is more for homeowners who can’t quite afford the 15-year mortgage but could pay more, and would like to pay more, than the 30-year mortgage.

5/1 adjustable-rate mortgages: This is more of an option for the homeowner who can’t be tied down. If you know you will be moving for sure in the future, this is a great option for you.

50-year fixed-rate mortgage: Very few experts will recommend this option!

Read in detail about these 5 Alternatives to the 30-Year Mortgage!

For additional information or to schedule an appointment for mortgage prequalification or refinancing, call Premier Mortgage Lending at 485-6600 or visit www.PremierMortgageLending.com.

Premier Mortgage Lending, NMLS #393282, is located at 8689 W. Sahara Ave., Suite 100, Las Vegas, 89117. The full-service lender is a member of the Las Vegas and Boulder City 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.

Steps to Buying a Home

Many people never even consider buying a home because they don’t think they can afford it. Instead they will continue paying rent, which sometimes comes out more expensive than actually owning the home you live in. This article will walk through each step of the buying process, if you still have questions feel free to contact the experts at Premier Mortgage Lending.

Step 1: Choose your Lender & Know what you can Afford
Do research and meet with people in person. It is important to trust your lender because you will be spending time and money with them. There are many financial factors that go into finding the “right” home loan. Be sure to be upfront with what you can and cannot afford.

Step 2: What do you NEED in a home & Understand your Options
When you look at multiple houses you start to lose track of what you need and what is in front of you. Try taking notes of all the houses you look at and start narrowing down the contenders that way. There are so many different options when it comes to loans this day in age. Make sure you know your options. Your trusted lender should guide you in the best direction possible.

Step 3: Loan Application & Closing
There will be a lot of questions asked and answered when applying for the loan. If you know what to expect and what your lender is looking for, the process isn’t all that difficult. The closing is the light at the end of the tunnel. Closing on a home involves many important final decisions, so be careful to stay focused just a little while longer.Moving-animated-picture-of-home-with-smoking-chimney

Now you are a homeowner, just like that! Well, the process might take longer than the amount of time it takes you to read this article. There is a seven step process that goes into further detail about the entire process you will essentially go through when buying a home. Good Luck with your search!

For additional information or to schedule an appointment for mortgage prequalification or refinancing, call Premier Mortgage Lending at 485-6600 or visit www.PremierMortgageLending.com.

Premier Mortgage Lending, NMLS #393282, is located at 8689 W. Sahara Ave., Suite 100, Las Vegas, 89117. The full-service lender is a member of the Las Vegas and Boulder City 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.