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

Low Home Prices Attract New Buyers

Las Vegas home prices have continued to dip, with the September 2011 prices dropping to early 1998 levels. The city is in  a real tough spot as unemployment continues to hover over 13% and the title of highest negative equity percentage in  the country was given to the city in September by mortgage data provider CoreLogic, which reported that 61% of the cities mortgaged properties are underwater.

There is however a little sunshine peering through the gloom, a silver lining of opportunity in the cities hardships. Home prices have plummeted so low that there are insanely affordable prices on the market, enticing new homebuyers and driving the flow of home resale’s. 40,033 existing homes were resold in the Las Vegas Valley from January to October 2011,  a number that hasn’t been matched since the record high in 2005 according to The Las Vegas Sun’s article “Plummeting home prices entice first-time homebuyers

What does this all mean for you?  Well if you’re looking to buy a home, it’s a pretty good time to buy if you have the cash or can get a loan and are willing to patiently sift through deals. There are plenty of options but they may not all be right for you.

There are great homes being sold for incredibly low prices right now; go out and find the one for you. Premier Mortgage Lending can help you determine your buying capacity  and lead you to the type of mortgage best suited for your needs, whether it be a traditional mortgage or a privately-funded loan. Additionally, through our privately-funded division Premier can help you purchase a home even if you’ve experienced a foreclosure or short sale through our exclusive AnotherChanceNevada home purchase program.

To learn more about mortgage prequalification or to schedule an appointment call 702-485-6600

Home Ownership Still the American Dream

The white picket fence may have fallen out of favor but the American dream of owning a home is as strong as ever. 70% of respondents in a survey conducted by San Francisco based real estate website Trulia.com viewed home-ownership as an integral part of their own dreams and aspirations.

Las Vegas’s median existing home prices have plummeted so far from their peak that coupled with low interest rates it would seem as though it’s the perfect time to invest in a house, an investment that 57% of homeowners say was one of the best long-term investments that they could make. Unfortunately the roadblocks to ownership are too numerous for many to overcome, even with low home prices. Doubts about qualifying for a mortgage, being in debt, having poor credit, and difficulty affording a down payment are all reasons stopping potential homeowners from fulfilling their dreams according to the Las Vegas Review Journal’s September 21st, 2011 article “Poll shows home ownership still American dream.”

There are many good people who need a second a chance, and Premier Mortgage is committed to helping those people get into homes. The “Another Chance” program gives an opportunity for people who may have experienced financial setbacks to rebuild their lives and get back into a home of their own.

Don’t give up on your American dream; you CAN get another chance. Visitwww.AnotherChanceNevada.com

What The Economists Are Saying!!

You read it everywhere… if we want to fix the U.S. economy… fix housing!!  Here are just a few of the comments out there:

From Fortune October 3, 2011 “There’s no way the U.S. can get back on track without a cure for housing.”  Is this a great country or what? People are being told they can’t do modifications because they are too far underwater. But then they sit in the house for two years, make no payments… and are eventually foreclosed upon. Housing isn’t just another industry: it’s a driving force for the entire economy!

From CNN Money October 6, 2011 “To Fix The Economy, First Fix The Housing Market“.  Without a genuine revival in housing, it is hard to think we will ever get a self-sustaining recovery. It’s a driving force for the entire  economy.  Residential investment accounts for up to a quarter of overall capital investment.

From The Housing Predictor October 18, 2011 “Fix Housing to Fix U.S. Economy” There’s an old economic theory in real estate: “The housing market is nine months to a year and a half in front of the rest of the country’s economy”. It’s as simple, bottom-line and easy as that. Fix the housing market to fix the U.S. economy. Getting people back into houses will increase the value of their self-worth, and that directly relates to consumer confidence.

It is not very difficult to see what needs to be done to START the economic recovery engine again! We need to get Americans back into homes. All of the Administration’s “mortgage help” programs – as well-intentioned as they were….. can not solve underwater mortgages.  Whether we like it or not…. whether we believe in it or not… whether our parents would approve of it or not…..the fact is that millions of Americans have serious equity deterioration and will more than likely end up in with a foreclosure or short sale.  After that….. buying a home is an impossibility, unless you can pay cash.  Until now!!! Premier Mortgage now offers a program called “Another Chance” whereby we evaluate the overall financial situation and character of the borrower.  We believe that many great quality homeowners were caught in this economic downturn, and ended up losing their homes. With our “Another Chance” program, we can get individuals in this situation back into a home of their own….. and as soon as possible get them refinanced into a traditional loan.

Let’s start looking forward again.  Together we can create a better future!!!





Premier Mortgage Lending Connects Buyers to Loans Through Another Chance Home Loans

Premier Mortgage Lending is helping prospective home buyers who have experienced a short sale or foreclosure to re-open the door of homeownership through its Another Chance Home Loan Program.

According to manager Rick Piette, the response to the privately-funded, full-documentation loan program has been “unbelievable” among buyers taking advantage of the Las Vegas Valley’s deflated home prices.

“The response to the Another Chance Home Loan Program has been absolutely unbelievable among Southern Nevadans who want to purchase a home at today’s low prices but have doubts as to if they can because of their past,” Piette said. “Most of the people who we’ve connected to mortgages became victims of today’s economy due to unfortunate circumstances.

“Another Chance offers prospective buyers, even those who have experienced a foreclosure or short sale, the opportunity to take control of their housing situation and to purchase a home at today’s fabulous prices rather than paying rent for what is often more than what the mortgage payment would be on the same type of home. For many people who have experienced a foreclosure or short sale, unless they have cash on hand to buy a home, they have no alternative other than rent and hope that they will not have to move yet again because the home that they’re renting is going into a foreclosure or short sale,” Piette said.

“Some people say that those who have experienced a short sale or foreclosure may be able to purchase a home with a traditional mortgage after about three years. This benchmark is for people with near-perfect credit during those three years. As I meet more and more people, it has become clear to me that, for many, it will be many years before they can actually qualify through other programs because of personal circumstances.”

Through Another Chance, private lenders 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. Borrowers may close within 30 days from the time of loan approval.

“An Another Chance loan may be used on the purchase of a re-sale home or even a brand-new home. A lot of home builders have embraced the program, including six of the valley’s major builders with more than 40 neighborhoods combined,” he said.

The first step in participating in the program is to meet with a loan officer for complimentary prequalification.

“More than half of those who have participated in our prequalification process have learned that they can obtain a loan through Another Chance,” Piette said. “Our clients are ecstatic when they find out that they have the opportunity to buy a home of their own rather than rent. When the time comes, after they have re-established their credit, they have the opportunity to refinance into a traditional loan without penalty.”

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

Premier Mortgage Lending (NMLS 393282) is located at 8689 W. Sahara Ave #100, Las Vegas, NV 89144 and is a member of the American Association of Private Lenders, 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.

Buying vs. Renting a New Home in Nevada

New Home Mortgage

According to a recent article by Hubble Smith in the Las Vegas Review Journal, Las Vegas ranks as the best city in the United States to BUY A HOME versus renting. If you’re in need of another chance to own your own home, contact Premier Mortgage Lending today. We have a number of loan programs that can help get you back into a home even after a foreclosure or short sale. Your dream of home ownership can still be alive with the help of Premier Mortgage Lending and our Another Chance Nevada loan programs. We’ll work hard to get you back on the road to recovery.

2nd Chance Financing Program


Home Loan ProgramPremier Mortgage Lending is excited to be partnering with several Las Vegas area homebuilders to offer buyers 2nd chance financing options. Look for this logo in the builder ads of the Las Vegas Review Journal real estate section and find out how Premier Mortgage Lending can get you into a new home today!

Mortgage Lending Today