Tag Archives: home financing

Proof That Buying a Home is Smarter Than Renting

Home buying

If you rent a home in Las Vegas, you probably located that home through the usual methods. Checking online ads, driving neighborhoods, scanning through Zillow, Trulia, and other similar sites to find one that works for you. Or perhaps just to find one at all – since rental homes in Las Vegas are in high competition, and each one usually has multiple applicants.

“During that process, you probably couldn’t help but notice (especially on the real estate sites) the estimated value of those homes, or how much they last sold for,” explains Rick Piette of Premier Mortgage Lending. “Those well-placed ‘home financing’ ads caught your eye, and somewhere along the line you started thinking, “Jeez – the mortgage payment would be less than the rent!”

“And therein lies the point. In fact, we’re not telling you anything you don’t already know – because it’s no secret that owning a home is infinitely better than renting, for many reasons. Not only stability and security for your family, but financial benefits, equity building, and more, Piette continues. “Keep in mind, too, landlords wouldn’t be very smart if they rented their properties for less than their mortgage payments, would they?

“So, what is it that stops most people from home buying – when all indications are that it’s the smarter decision? In almost every case, it’s fear,” explains Piette. “Fear that they don’t have the down payment saved up, fear that they won’t qualify for a mortgage loan – or both. But as a FDR once reminded us, “We have nothing to fear but fear itself.” And that’s true- especially when it comes to getting a mortgage loan.”

“That’s why I’m excited to share the news about Premier Mortgage Lending’s new 1% Down Loan Program. This loan is helping many people who shared those fears leave the uncertainty and high cost of renting behind to step into a home of their own – and it’s simply life-changing,” Piette reveals.

How does this new “Conventional One Percent Down with Equity Boost” loan work?

• Requires only 1% of the purchase price as a down payment.
• No savings? No problem. This 1% down payment can be in the form of a gift from a family member.
• The Lender adds another 2% down on your home on your behalf. (You’ll instantly have 3% equity in your home at closing.)
• It falls under our true “No Fees” program.
• 30-year, fixed rate loan.

“To be honest, even I wasn’t sure if this loan was as good as it seemed – until I started helping our borrowers use it to buy a home. And I can confirm that it’s every bit what it promises,” adds Piette. “Our 1% Down Loan is really having an impact for Las Vegas homebuyers – making the expensive (and non-recoupable) costs of renting a thing of their past.

“If saving up for a 5, 10, or 20% down payment has been your biggest hurdle to buying a home – then we need to talk. Because you have the power to change your life and start building financial freedom, and Premier Mortgage is here to help make that happen,” Piette assures.

To find out more about how Premier Mortgage may just be the best thing to happen to homebuyers in years – visit www.1percentloan.com for more details and see if you may qualify for our true 1% Down Loan Program. Then call us to find out more 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.

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.