Las Vegas Review-Journal (Sunday)
Homebuyers should shop for their mortgages
Premier Mortgage says savvy borrowers can save money
entire market of 45 million mortgages, the estimated cost to consumers who didn’t shop around was a combined $13 billion. In each case, the researchers concluded that consumers didn’t search for better interest rates because, in layman’s terms, it’s a pain in the neck.
“At Premier Mortgage, we know it can be confusing for borrowers,” Piette said. “That’s why we created our KnowBeforeYouOweNevada. com website to help homebuyers understand how to shop around with more than one lender. In these short videos, borrowers quickly learn what to look for when comparing loans, the difference between lenders and how to understand fees and rates. With this information, buyers will know how to choose the right lender and keep from overpaying literally thousands of dollars for their loan.
“The short explanation is this: Get a loan estimate, compare the fees, compare the interest rates and then make your choice. You may find that a lender advertises no fees to get you in the door. But some may make up for that by charging you a higher interest rate.
“That doesn’t happen at Premier Mortgage, because our ‘no fee’ mortgage loan is a true no-fee loan,” Piette said. “We have no hidden fees or charges. In fact, as a mortgage broker, by law we must disclose every charge to borrowers in writing. On the other hand, banks and mortgage banks can include invisible charges they don’t have to tell you about.
“That’s one reason we believe homebuyers should know there is a difference between mortgage lenders and between mortgage loans because it’s a costly difference that could take a lot of money out of their pockets. Fortunately, that won’t happen with a no-fee loan at Premier Mortgage.”
To learn more, visit PremierMortgageLending.com, or call 702-4856600 to schedule an appointment. Clients can also apply online at PremierLoanAp.com.
Premier Mortgage Lending, NMLS No. 393282, is at 701 N. Green Valley Parkway, Suite 125 in Henderson. The full-service lender is a member of the Las Vegas and Henderson chambers 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.