Premier Mortgage to present seminar to local Realtors

Rick Piette of Premier Mortgage Lending will present a seminar called Financing After Foreclosure or Short Sale this Wednesday to members of the Greater Las Vegas Association of Realtors 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 reopen 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 own again is a big step in that direction," Piette said. "I always encourage potential homebuyers 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 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 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.