Tag Archives: Henderson

1% Down Mortgage Loan Makes Renting a Thing of the Past

One Percent Home Loan

Let’s face it, owning a home really is a big deal – and not only for the financial benefits it can bring. (Although really, we think that should be reason enough!) There’s also a significant emotional boost when you’re handed the keys to your very own home. There’s an incredible sense of accomplishment, of knowing you’re providing a secure foundation for your family, feeling a part of the community, and having the ability to build the life you choose. It can literally affect everything else going on in your life and that of your family.

But surprisingly, many people just make the assumption that buying a home is something that’s out of their reach. In fact, some studies show as many as 50% of renters would prefer to own rather than paying a landlord each month – but they never even inquire if they’re eligible for a home loan.

To Rick Piette, owner of Las Vegas-based Premier Mortgage Lending, that’s just giving up on your dream. “Sometimes, people don’t think their credit is good enough; or often, they think it means saving up for a big down payment plus a lot of closing costs – and they’ll just figure they’ll never be able to come up with that much money at once.”

But now there’s a way to get into a home without that big cash outlay. In fact, buyers can now buy a home for about the same as the cost of moving into a rental apartment or home – with Premier Mortgage’s new “Conventional One Percent Down with Equity Boost” mortgage loan.

“This loan program is successfully turning many renters into homeowners. And if you look at the numbers, it’s easy to see why,” explains Piette.

“Imagine finding a home to rent for $1,500/month. By the time you pay the first and last months’ rent, plus security, cleaning, pet, and other deposits, it’s probably going to cost you $4,000+ just to move in.

“But what if instead, you buy a $285,000 house. Your down payment will be $2,850, and your total monthly mortgage payment (with taxes and insurance) will be about $1,750. However, since you gain tax advantages by owning, your tax-adjusted payment (assuming a typical 25% tax rate) would be under $1,400 per month. That means you’ll actually save money on both your initial investment cost and your monthly payment.”

“It gets even better, though,” Piette reveals. “It’s a 30-year, fixed conventional loan, so the mortgage payment never changes. It also falls within our “No Fee” loan structure, which means borrowers pay $0 for Loan Origination, Documents, Underwriting, and Prep fees.

“And the icing on the cake? At close of escrow, the lender contributes an additional 2% down, so as soon as the buyer is handed the keys, they have 3% equity ownership, not just 1%.”

“The bottom line is that our 1% Down program takes a lot of the “scary” out of getting a mortgage loan,” Piette continues. “And when you compare the numbers of renting vs. buying with this loan, it’s tough to come up with an argument not to buy a home!”

To learn more about the qualifying conditions for this loan, visit Premier’s website at www.1PercentLoan.com. For additional information or to schedule an appointment to discuss Premier Mortgage Lending’s many other available loan programs, call (702) 485-6600. Or, apply online at www.premiermortgagelending.com.

Premier Mortgage Lending, NMLS #393282, is located at 701 N. Green Valley Pkwy., Suite 125, Henderson, 89074. The full-service lender is a member of the Las Vegas, Henderson, 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.

All That Stands Between You and The Home You Want is 1%

1 Percent Down

Imagine if only one month’s rent could get you into a new home. Can you picture it? You and your family – living in a home of your own? No more landlords. No more apartments. No more worrying about rent increases. And finally being able to hang a picture, paint a room, or plant a tree without getting “permission.”

If that sounds like a dream come true – hold onto that thought. Because now, Premier Mortgage can make that particular dream a reality.

“We now have a 1 Percent Down loan program that truly is exactly that,” reveals Rick Piette, owner of Las Vegas-based Premier Mortgage Lending. “And not only are we helping people become homeowners with this program – they’re also gaining an extra 2% equity at close of escrow.

“It all sounds a bit too good to be true, I know. And to be honest, when I was first presented with this loan program, I spent a lot of time playing “Devil’s Advocate” – trying to find out what the catch was. But I’m here to say it’s the real deal. No tricks, no last-minute surprises, no catches at all. It works exactly as it’s described – and buyers are taking advantage of this loan program with us every day.

It’s called the “Conventional 1 Percent Down With Equity Boost Program” – and here’s how it works:

• The Buyer’s down payment is 1% of the purchase price. (Example: $250,000 home = $2,500 down.)
• The Lender puts an additional 2% down on your home on your behalf. ($5,000.)
• So when you close escrow, you’ll instantly have $7,500 of equity in your home – not just $2,500.
• This loan also falls under our “No Fees” program – which means $0 for Loan Origination, Document, or Underwriting Fees. (With most lenders, this can add up to 2% of the purchase price to your closing payment.)

“Those are some pretty amazing benefits,” states Piette. “And the most common question I get from customers is “Why? Why would the lender put 2% down, too?”

“The answer to that is simple: The lender charges an interest rate slightly higher than the going market rate – about .25%. And because this program results in more loans being made – they recoup their investment from that additional interest.

At a time when interest rates are still hovering just above record lows, and ownership rates continue to rise, that additional .25% interest is an easily affordable way to secure a home for you and your family and continue to build equity over time.

As Piette explains, “Say you were to purchase that home mentioned above for $250,000. With 1% down, and a loan amount of $249,000, at 4.5% interest your principal and interest payment would be $1,229. At 4.75%, the payment would be $1,265.

“That’s a difference of only $36/month. When you consider that (a) most rental rates cost more than a mortgage loan for the same property, and (b) it might take you 1 to 2 years (or even more) to save the money to put 5% down to buy a home (in this case – $12,500 – and that’s if prices and interest rates don’t rise in the meantime) – it simply doesn’t make sense not to take advantage of this loan program,” concludes Piette.

To find out more about the “Conventional 1 Percent Down With Equity Boost” loan program with Premier Mortgage, visit www.1percentloan.com, or contact Premier Mortgage Lending directly at 702.485.6600.

Premier Mortgage Lending, NMLS #393282, is located at 701 N. Green Valley Pkwy., Suite 125, Henderson, 89074. The full-service lender is a member of the Las Vegas, Henderson, 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.

Las Vegas Bounces Back Big – Again


There are headlines – and then there are straight-up statistics. Most of us know that the source of the news articles we read anymore is generally serving self-serving on any given position. (And if ever there is a time when this is blatantly obvious, it’s during Presidential Election season!)

But real data – facts driven by numbers and tangible, physical changes – is a much more reliable indicator of the truth. And here in Las Vegas, we can share numbers that represent a lot of great news about our town already taking place, and coming up in the very near future.

When a city is hit as hard as Las Vegas was during the economic crisis a few years back, there are only two options: Let it beat you, or use it to rise up from the proverbial ashes. Anyone who has spent any time around Las Vegans should never have doubted that we’d choose the latter. And in these past few years, we have slowly but surely continued to make gains month after month, year after year.

This is important – because as the status of our economy stabilizes and grows, so too does employment, housing, and our job market. In Las Vegas, since hitting the high watermark of unemployment in mid-2011 of 14.5%, to our current 6.1%, remarkable results are being seen.

Perhaps the most well known at the moment is the newly opened Las Vegas Arena. This $375 Million project is bringing not only major artistic talent to the city – but will quite possibly be the home to the first NHL expansion team ever to come to Las Vegas. (An announcement due to be made on June 22, 2016.) And that is BIG news.

But that’s only one of the mind-boggling new entertainment, resort, residential, and public works projects currently under way in Las Vegas or scheduled to begin soon. Overall, an estimated more than $5 billion of development and investment activity has either already begun or is on the boards to launch. After all – Las Vegas now has an IKEA of its own. Do we really need more proof than that? <wink!>

Seriously though, this return of economic growth to our valley has also prompted a rise in our previously recession-led diminishing population. And it’s at a good, consistent pace – 2% growth now, down from the more than 4% growth prior to the crash. In fact, Las Vegas is now the 28th most populous U.S. city, just ahead of Baltimore; and Henderson jumped from 71st place to 67th place in 2015.

People are rebuilding their lives in Las Vegas, where the entrepreneurial spirit is alive and well. And that means new places to live, jobs in construction, hospitality, and new industry – and as they say, a rising tide lifts all boats.

We’re a cautious people now, learning from past mistakes and working hard to keep from repeating them. That includes the state of our real estate and lending markets. The rose-colored glasses have been cast aside, new Consumer Financial Protection Bureau oversight is working on the side of consumers to ensure fairness and transparency – and Las Vegas is well on its way to rising to new heights of economically smart growth.

Premier Mortgage Lending is on the same path, helping those in search of affordable mortgages with no curtains, no sleight-of-hand – just fair, honest dealings that save consumers money. Find out more about our true “No Fee Mortgage” at www.premiermortgagelending.com.

Visit our website at www.PremierMortgageLending.com for more information about our true “No Fee Mortgage” loans. And to learn which are the most important questions to ask your mortgage lender, visit our www.KnowBeforeYouOweNevada.com website – where you’ll find quick informational videos that take the mystery out of getting the best mortgage loan for your needs.

Premier Mortgage Lending, NMLS #393282, is located at 701 N. Green Valley Pkwy., Suite 125, Henderson, 89074. The full-service lender is a member of the Las Vegas, Henderson, 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.

Premier Mortgage Lending Featured in Bloomberg Article

As a private-lender, Premier Mortgage Lending gives people a Second Chance at their credit.

After the economic downfall many people were left forced to foreclose or short sale their home. While most lenders are turning away these people for conventional financing, we are looking at the person’s credit history prior to the foreclosure or short sale and offering them our Second Chance program.

Bloomberg stated the following in their ‘Americans Seize Second Chance Mortgages Post-Foreclosure:

“Some borrowers who don’t qualify for conventional financing are turning to private money lenders such as Rick Piette, owner of Las Vegas-based Premier Mortgage Lending, which gets funding from individuals and institutional investors. Piette says he spends about $15,000 a month on advertising his “second chance” mortgages in the Las Vegas market and has given out about 200 of them since June 2011.”

New housing developments in Henderson.

As the real estate market begins to look up, we are seeing more and more new housing developments across Henderson, Nevada. As Mark Paris, Landwell Development CEO stated “The market is starting to look like it can support new development.”

Some of the new developments we can see throughout Henderson include Candence in Henderson, by Landwell Development, which has been permitted for about 13,000 homes. D.R. Horton is also expanding their portfolio having recently bought 63 acres near Horizon Ridge Parkway and Gibson Road with plans for 305 residential lots as well as closing escrow on 275 lots in Whitney Mesa Estates.

Click here to read the article in its entirety: http://www.reviewjournal.com/business/housing/grading-starts-henderson-project-phase