Golden Knights – already a deep part of Las Vegas community

An opening month bookended by a local atrocity and on-ice adversity has challenged the Vegas Golden Knights in ways as unexpected as their 8-3 start to their inaugural NHL season.

The Golden Knights welcomed first responders on the ice during a 15-minute ceremony at their home opener.

After winning their first two games on the road, the Golden Knights welcomed first responders onto their home ice during an emotional pregame ceremony in which nurses, police officers, firefighters and doctors who aided victims were mentioned by name.

The names of the 58 killed were also shown on the ice at T-Mobile Arena, and defenseman Deryk Engelland, a longtime Vegas resident, followed up a powerful speech to the crowd with a first-period goal. The result on Oct. 10 was a 5-2 win over Arizona.

The team has also strengthened its ties to the Vegas community by visiting local police headquarters and buying tickets for surviving victims and first responders.

Las Vegas Real Estate and Mortgage Loans 

HUNDREDS OF MORTGAGE OPTIONS UNDER ONE ROOF

 Why Choose Superior Mortgage Lending?

Superior Mortgage Lending is a Las Vegas Mortgage Broker by design. We partner with several lenders to offer multiple Loan Products and we are not captured with certain credit scores and can offer better rates and no fees.  We have been in the Mortgage Industry  for over 18 years and we offer the most competitive rates in Nevada, California and Arizona. At Superior we have NO ORIGINATION AND NO UNDERWRITING FEES.
  • CONVENTIONAL LOANS – Giving you a low down payment, a great rate and a head start on your equity
  • FHA LOANS – Taking FHA borrowers to a new level with industry-leading government rates and pricing
  • VA LOANS – A hero for our veteran borrowers. Whether you are purchasing a new home or refinancing
  • REFINANCE LOANS – Multiple options allowing you to refinance with aggressive pricing that help you lower your payment or cash-out
  • JUMBO LOAN – Look no further. Superior gives you the pricing and turn times you deserve with competitive pricing 
  • FIRST TIME HOME BUYERS – We have great alternatives for borrowers looking to purchase with a low down payment
  • MORTGAGES FOR CANADIAN CITIZENS – Canadian citizens who are interested in purchasing a second home in the US. We can help!
  • COMMERCIAL LOANS – With over 30 years of business, commercial and multifamily purchase, refinance and construction financing experience
  • ELITE – The obvious choice for top-tier borrowers! Comprised of some of the best rates and pricing in the industry. You’ve build outstanding credit, you deserve an outstanding rate

 

Advertisements
Posted in Las Vegas Mortgage Broker | Leave a comment

Housing News

New home sales surged 18.9% in September to the highest level in 10 years. This was a nice recovery after unexpectedly falling 3.4% in August.

Pending home sales were flat in September though, as demand continued to exceed supply. There are some concerns that winter will further reduce inventory.

Mortgage applications for home purchases were down last week. Economists say rates likely had less to do with the drop than the shortage of homes for sale.

THE MARKET IN MINUTES

SML - INVESTOR PROGRAMS FLYER

CONTACT US TODAY 702-507-4170

One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!

Posted in 15 Year Mortgage Rates, 30 Year Mortgage Rates, Current Rates, Las Vegas Mortgage Broker, Loan Programs | Leave a comment

Refinance Out of a Hard Money Loan

Hard Money loans have been a hot program for high net worth individuals either purchasing primary residences, multi-family units or other investment properties. There are options out there with much better terms available then hard money loans.

Hard Money loans usually come with an extremely high interest rate anywhere from 9-15% interest. On top of the high interest rate they usually require a large amount down (sometimes even 50%). They are also usually short term financing where you would have to pay off the loan within a certain amount of years.

Why do people usually get Hard Money Loans? Typically they are in a situation where they had a previous economic event that prevents them from obtaining traditional financing. They could also be in a situation where their tax returns don’t show a significant amount of money being made after expenses.

Image result for refinance

What is the benefit of Hard Money Loans? there is not a lot of benefits on getting a hard money loan, but there still are circumstances where someone may only qualify for this type of loan.

How do you Refinance Out of a Hard Money LoanThere are multiple options allowing you to refinance with aggressive pricing that help you lower your payment, cash-out or get out of a high interest hard money loan

What does it mean when you refinance your loan? Refinancing your mortgage means that your are replacing the original loan. Refinancing your home loan allows borrowers to obtain better interest rate and terms of the loan. When you refinance your first loan gets paid off allowing the second loan to take place. The process of refinancing your mortgage loan can offer many benefits such as, reduce monthly payments, lower interest rates, pay off debt, take cash out of your home to make home improvements or even fund large purchases.

When should you refinance your mortgage?This is the perfect time to find out about your refinance options. The first step is to speak with a Mortgage Loan Officer to find out if refinancing is a offer excellent Cash Out and Debt Consolidation Refinances with No Fees and Low Rates as well.You can also Refinance your home loan with us even if you are Upside Down.

Superior Mortgage Lending is a Las Vegas Mortgage Broker by design. We partner with several lenders to offer multiple Loan Products and we are not captured with certain credit scores and can offer better rates and no fees.

  • Get the Refinance – Skip The Appraisal Looking to Refinance but don’t want the hassle of getting a new appraisal? Save hundreds of dollars on the appraisal fee. Call us today to learn how you might be eligible for an appraisal waiver
  • CONTACT US TODAY 702-507-4170 | www.superiorml.com 

    One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!

Posted in Best Mortgage Brokers in Las Vegas, Current Rates, Las Vegas Mortgage Broker, Mortgage Interest, Mortgage Refinance Nevada, refinance loans | Tagged , , , , , | Leave a comment

Nevada home prices continue to rise

Home prices continued to rise while the number of home sales stabilized in September, according to statistics provided by the Greater Las Vegas Association of Realtors

The median price of existing single-family homes sold during September through its multiple listing service was $265,000, up 13.5 percent from September 2016.

The median price of local condos and townhomes sold in September was $140,000, up 21.7 percent from the same time last year.

Image result for houses las vegas

“Heading into the fall, home prices are continuing to be up monthly by double digits,” said GLVAR President David J. Tina, a longtime local Realtor. “There’s a strong demand for housing here. Our economy and job market have been improving. Mortgage rates are relatively low. And our housing supply continues to be as tight as it has been in recent memory.”

The growing demand and shrinking supply of homes available for sale continues to present challenges for buyers, especially those seeking entry-level homes and condos, he said.

Tina said that Southern Nevada still has less than a two-month supply of existing homes available for sale. A six-month supply is considered to be a balanced market.

GLVAR reported 4,969 single-family homes listed for sale without any sort of offer. That’s down 33.1 percent from one year ago. For condos and townhomes, the 680 properties listed without offers in September represented a 41.4 percent drop from one year ago.

The total number of existing local homes, condos and townhomes sold during September was 3,571, up from 3,541 in September 2016. Compared to one year ago, sales were down 0.4 percent for homes, but up 7.0 percent for condos and townhomes.

Today’s Rates

Mortgage Rates change on a daily basis and can vary depending on your unique situation. Simply use the quick form below to receive FREE and accurate rate quotes from a nationwide network of trusted lenders.

CONTACT US TODAY 702-507-4170

One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!

Posted in Las Vegas Mortgage Broker | Tagged , , , , , , | Leave a comment

Consumers: On-Line Mortgage Info Convenient, not Trustworthy

While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and their mortgage lender.

The survey, conducted with borrowers who had purchase mortgages originated in 2016 in the Fannie Mae book of business, found that homebuyers relied on a variety of information sources when shopping for a mortgage. These included friends and family, financial planners, government agencies, mass media and non-profit housing counselors. However, when asked which were the most influential, borrowers most often cited, in fact at nearly double the rate of the next closest response, were mortgage lenders at 32 percent, with real estate agents coming in only slightly lower.

Image result for online mortgages

The Millennial generationthose between the ages of 18 and 34, are assumed to be moving into an increasingly mobile-data-driven world, but they report using mortgage lenders, real estate agents, online sources, and family and friends with similar frequency as sources of information for mortgage shopping as the other age groups. They are also the most frequent users of real estate agents and online sources compared with the total sample of recent borrowers and say their most influential sources of information are mortgage lenders, real estate agents, and family and friends, not online sources.

Consumers of all ages do use on-line, and increasingly their mobile sources for mortgage information.  Fannie Mae asked the borrowers if they had ever used mobile devices to gather mortgage information, and if they would like to do so in the future. Responses pointed to a growing interest in performing nearly all the functions of the mortgage process about which they were questioned via phone or tablet.

Online sources have more work to do to gain trust and credibility before they can play a greater role influencing consumers, and person-to-person sources need to be vigilant regarding advances in online technology that might make that possible. “To be competitive, lenders and real estate agents need to continue to evolve their digital offerings to provide a multi- or omni-channel experience that allows consumers to move conveniently between online and personal interactions to create the experience that best suits their needs.”

But he adds, that since previous research by Fannie Mae has shown that consumers’ understanding of the mortgage qualification process is uniformly poor across different age groups, young consumers may continue to look to more traditional person-to-person sources for mortgage information and reassurance.

We have build a brand of professionalism and excellence, as well as having loan products to help more people. We specialize in mortgages only, that is our mission. Call us today and one of our professional Mortgage Loan Officers can help you get started to find your dream home or refinance your current mortgage.

CONTACT US TODAY 702-507-4170

Superior Mortgage Lending – One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!

Posted in Best Mortgage Brokers in Las Vegas, Las Vegas Mortgage Broker | Tagged , , , , , , , | Leave a comment

Originators vs big banks

What advantages do mortgage brokers have over their larger banking counterparts?

In a special to Mortgage Professional America, Mat Ishbia of United Wholesale Mortgage lays out some advantages the mortgage channel has over banks.

Image result for save money by choosing a mortgage broker

More loan choices. It’s not only advantageous for borrowers to have access to more loan choices, it’s better for loan originators as well. If you’re an originator at a mega bank or retail lender, you’re limited to that one company’s product mix. If your company doesn’t offer FHA or Jumbo loans, as an example, you’re missing out on potential business. Loan originators at mortgage brokers have access to dozens of lenders’ products. If one place doesn’t offer a product, simply find another one that does.

More money. Mortgage brokers offer loan originators a better compensation plan than most retail organizations. And with faster turn times, loan originators are able to turn over their pipeline faster – which means they make money faster and, since it doesn’t take as much time to close a loan, they can get a quicker start on the next loan.

Shop for the best rates and turn times. More than the actual loan products, other factors that make certain lenders the best choice for specific borrowers include rates and turn times. Each borrower is unique from the standpoint of FICO scores, debt-to-income ratio, savings, and personal preferences, so find the best solution for each. Don’t just try to ram square peg into round holes.

Mortgage Broker vs. Mortgage Lender

You can obtain a loan from either a Mortgage Broker or a Mortgage Lender. Lender is a financial institution that makes loans available directly to the borrower, were Brokers connect borrowers to lenders were they have the ability to offer competitive rates and loan products. A direct lender offers mortgages, including commercial banks that offer a slew of services and mortgage banks. If you decide to obtain a mortgage though a direct lender instead of a mortgage broker, you will need to apply individually to each lender. This can be a time-consuming and frustrating process. The primary benefit of a mortgage broker is that they can shop with many lenders and get a variety of quotes, rates and loan programs. If you use a direct lender they only have access to their products and rates. A mortgage broker is able to shop a multitude of products and rates, as well as specialty programs such as Bank Statement Program, Unique Investment Programs, Hard Money Loans, Housing Events (Foreclosure, Short sale, Deed in lieu or Bankruptcy). If you don’t want to go though the hassle of contacting various banks, a mortgage broker might be a better option for you.

Mortgage Broker Las Vegas

http://www.superiorml.com/ Las Vegas Mortgage Broker  

Posted in home loans las vegas, Home Mortgage, Home Refinance, Las Vegas Mortgage Broker, Loan Programs, Mortgage Refinance California, Mortgage Refinance Nevada, refinance loans, VA Loans | Leave a comment

Time to Refinance?

Want More SPENDING MONEY?

NOW MAY BE THE RIGHT TIME TO REFINANCE AND POTENTIALLY SAVE HUNDREDS OF DOLLARS EACH MONTH

 

  • Eliminate monthly PMI
  • Accelerate your equity an pay off your loan faster
  • Increase your cash flow with a cash-out refinance program
  • Pay off debt, make home improvements or fund large purchases
  • Potentially lower your interest rate
  • Get the Refinance – Skip The Appraisal Looking to Refinance but don’t want the hassle of getting a new appraisal? Save hundreds of dollars on the appraisal fee. Call us today to learn how you might be eligible for an appraisal waiver

LEARN HOW YOU CAN HAVE MORE MONEY IN YOUR POCKETS. CALL US TODAY (702)507-4170

What does it mean when you refinance your loan?

Refinancing your mortgage means that your are replacing the original loan. Refinancing your home loan allows borrowers to obtain better interest rate and terms of the loan. When you refinance your first loan gets paid off allowing the second loan to take place. The process of refinancing your mortgage loan can offer many benefits such as, reduce monthly payments, lower interest rates, pay off debt, take cash out of your home to make home improvements or even fund large purchases.

 When should you refinance your mortgage?

This is the perfect time to find out about your refinance options. The first step is to speak with a Mortgage Loan Officer to find out if refinancing is a offer excellent Cash Out and Debt Consolidation Refinances with No Fees and Low Rates as well.You can also Refinance your home loan with us even if you are Upside Down.

Since rising home values are returning lost equity to many homeowners, refinancing can make sense with even a small difference in your interest rate because you might be able to eliminate your private mortgage insurance. You can also refinance from an FHA to a conventional mortgage to eliminate mortgage insurance payments, as long as you have sufficient equity.

More home equity also means you won’t need to bring cash to the table to refinance. Furthermore, interest rates can be slightly lower when your loan-to-value ratio drops below 80 percent.

With current mortgage rates low and home equity on the rise, it’s a perfect time to refinance your mortgage to save not only on your monthly payments, but your overall interest costs as well.

SML - PROGRAMS ALEX LEE

Posted in Current Rates, FHA Streamline Refinance, Home Refinance, Las Vegas Mortgage Broker, Mortgage Interest, refinance loans | Leave a comment

Who should get a VA Loan?

VA Loans

Who should get a VA Loan?

Superior Mortgage Lending is proud to serve those who have bravely served in the Armed Forces, allowing veteran borrowers to take advantage of their VA benefits. VA Mortgage Loans are the perfect program for anyone who has severed or is currently serving in the military. They were created to assist veterans and their family to be able to purchase a home easier.  At Superior Mortgage Lending we are very experienced VA lender, and have helped many veterans in Las Vegas Nevada to purchase or refinance a home . Many times the monthly payment with a VA Home Loan is less than your current rent!

 What are the Benefits of using a VA Loan?

VA Loans offer exceptional benefits for those who have served our county. The biggest advantage with VA loan is you can purchase a home with no money down. VA Loans have no monthly private mortgage insurance (PMI) resulting in a lower house payment for you. Down  payment and monthly payment are often the biggest hurdle to home ownership.  A VA Home Loan eliminates these  obstacles. You may also refinance your VA Loan up to 150% of the property value

VA Loans

 VA Refinance Loan

At Superior Mortgage Lending we take our VA borrowers to a new level with industry-leading government rates and pricing. VA IRRRL (Interest Rate Reduction Refinance Loan) allows VA borrowers to lower their current interest rate by refinancing an existing VA home loan. Obtaining a lower interest rate the mortgage monthly payment should decrease. ARM (Adjustable rate mortgage) is also an option when refinancing a VA Loan or purchasing a home.

VA Loans Highlights

  • No Down Payment Required
  • No Mortgage Insurance
  • Low Rates

How do I Apply for a VA Loan?

The first step to qualify for a VA Loan is to provide your DD-214 to determine eligibility. Veterans, active military personnel and military families can contact us directly to apply. Once we start the application and qualification process we can show you how to get into your home with no money down

We have the Best Loan Programs in Las Vegas for VA Home Loans.

Click on Purchase Assistant  to get started.

 Superior Mortgage Lending LLC – VA Loans Las Vegas 

Posted in 15 Year Mortgage Rates, 30 Year Mortgage Rates, Best Mortgage Brokers in Las Vegas, Las Vegas Mortgage Broker, VA Loans, VA Loans Las Vegas | Leave a comment

Nevada FHA Loans

FHA Loan

What is an FHA Loan?

The main goal of the Federal Housing Administration (FHA) is to improve the housing market and protect lenders in case a borrower was to default on their mortgage. The FHA has become one of the largest insurer of mortgages in the United States. Superior Mortgage Lending LLC is proud to offer great rates and flexible financing options on Las Vegas, Henderson, North Las Vegas and the whole state of Nevada.

What can a FHA Loan be used for?

A Las Vegas FHA Loan can be used for a number of different purposes including but not limited to: purchasing a new home, special renovation projects, refinancing an existing mortgage, and even reverse mortgages. Cash-out refinance options are available to buyers in need of capital for this such as debt consolidation and home repairs. Streamline refinance loans are also labile to reduce interest on current loans.

FHA Credit Requirements

FHA Loans offer relaxed credit requirements and lower down payment options making them easier to qualify for and very popular to those in the state of Nevada. To qualify for an FHA Loan in Las Vegas they need a down payment of 3.5 percent and a credit score of 580. If a borrowers does not having enough savings, family members can also gift the down payment. FHA Loans are a popular option to first time home buyers in Las Vegas, North Las Vegas, Henderson, and the whole state of Nevada.

Nevada FHA Loan Requirements

  • Low Down Payment: The 3.5% down payment is generally less that for a similar conventional loan
  • Less stringent qualifying standards: for example- FHA will allow reestablishment of credit within two years after a discharge of bankruptcy; when any judgments have been fully paid, any tax liens have been repaid, or a repayment plan has been established by the IRS, and within 3 years after a foreclosure has been resolved
  • The property must be owner occupied: The FHA used to insure investors properties but they have virtually eliminated all such programs. Two-to-four unit properties qualify if they are owner occupied
  • Appraisal: The lender is required to obtain an appraisal of the property from an FHA-approved appraiser. The appraiser will note any major health and safety deficiencies on the Uniform Residential Appraisal Report (URAR)

 

    Average Home Price

as of 2017 – Nevada Home Values have gone up 8.8% and it is predicted to rise 3.7% within the next year

1% Down PaymentConventional Loan      3.5% Down Payment
FHA Loan
$269,999 $2,700.00 $9,450.00

 

Up-Front Premium

FHA charges an up-front premium of 1.75%-2.25% of the loan amount. In addition, FHA charges a monthly premium equal to .05% of the loan amount annually. If the property is sold within the first 84 months of the loan term, any unused portion of the up-front MIP will be returned to the borrower. When the loan balance drops below 78% of the original purchase price, the monthly payment may be cancelled, provided the borrower has made payments for five years on a thirty-year mortgage

Monthly Insurance Premium

FHA Mortgage Insurance premium is required for the loan regardless of the amount of the down payment. In contrast, conventional loans usually do not require mortgage insurance unless the loan-to-value ratio exceed 80%. All FHA loans require a mortgage insurance premium (MIP)

Working with an Experienced Lender

At Superior Mortgage Lending LLC, we are committed to helping our clients with all of the FHA Loan needs in Las Vegas, Henderson, North Las Vegas, and whole state of Nevada. If you are purchasing your first home, or want to refinance your current loan at a lower rate Superior Mortgage Lending LLC can help. Contact us today at 702-507-4170 with any questions you have on a FHA Loan and find out how to get qualified.

Posted in Best Mortgage Brokers in Las Vegas, FHA Mortgage, FHA Purchase, FHA Streamline Refinance, first time home buyers, Government Loans, Home Buyers Las Vegas, home loans las vegas, Home Mortgage, Home Refinance, Las Vegas Mortgage Broker, mortgage broker in las vegas, mortgage loans | Leave a comment

Home Builder Group Voices Support for Mortgage Deduction

June is National Homeownership Month and the National Association of Home Builders (NAHB) says that owning a home is as much a part of the American Dream as ever.  The Association commissioned a large-scale survey of 11,300 registered voter earlier this year and found that 70 percent feel owning a home is important.

“Americans continue to place a high priority on homeownership and work hard to achieve this goal for their families,” said NAHB Chairman Granger MacDonald. “Our members are committed to providing high-quality homes that meet the diverse needs of Americans across the country.”

In a press release, NAHB said the homeownership rate is at a record low, stalled at around 64 percent.   A key component in achieving homeownership for more Americans, regardless of income, is the mortgage interest deduction (MID), which been a part of American housing policy since the inception of the tax code more than 100 years ago. The deduction primarily benefits middle-class taxpayers, according to data from the Congressional Joint Committee on Taxation.  NAHB says it supports this tax incentive, as well as provisions that encourage development of affordable housing.

Elimination of the interest rate deduction is nearly always a subject for discussion when there are serious attempts to reform the tax code.  The deduction is available for both a primary residence and a property (real or not) claimed as a second home.  It is capped at interest on mortgages (on one or both properties) of $1 million and/or a $100,000 home equity loans.

In addition to promoting the MID, NAHB spoke out against regulations on all levels of government that affect home building. “We have long fought for sensible reforms to burdensome regulations that needlessly increase the cost of homes for low- and middle-income families,” said MacDonald, noting NAHB research that shows government regulations add about 24 percent to the cost of housing.  We must support the dream of homeownership and not create barriers through unnecessary federal regulations or tax code changes,” MacDonald said.

Welcome to Superior Mortgage Lending LLC!

Couple Buying House

HUNDREDS OF MORTGAGE OPTIONS UNDER ONE ROOF

Superior Mortgage Lending is a Las Vegas Mortgage Broker by design. We partner with several lenders to offer multiple Loan Products and we are not captured with certain credit scores and can offer better rates and no fees. At Superior we have NO ORIGINATION AND NO UNDERWRITING FEES. Our ultimate goal is to create lasting relationships with our clients so that we may continue providing excellent service for many years to come. We offer a wide variety of Residential and Commercial Loans. Superior Mortgage Lending is your premiere team of mortgage professionals in Las Vegas.
  • 1% DOWN CONVENTIONAL LOANS – Giving you a low down payment, a great rate and a head start on your equity
  • FHA LOANS – Taking FHA borrowers to a new level with industry-leading government rates and pricing
  • VA LOANS – A hero for our veteran borrowers. Whether you are purchasing a new home or refinancing
  • REFINANCE LOANS – Multiple options allowing you to refinance with aggressive pricing that help you lower your payment or cash-out
  • JUMBO LOAN – Look no further. Superior gives you the pricing and turn times you deserve with competitive pricing 
  • FIRST TIME HOME BUYERS – We have great alternatives for borrowers looking to purchase with a low down payment
  • MORTGAGES FOR CANADIAN CITIZENS – Canadian citizens who are interested in purchasing a second home in the US. We can help!
  • COMMERCIAL LOANS – With over 30 years of business, commercial and multifamily purchase, refinance and construction financing experience
  • ELITE – The obvious choice for top-tier borrowers! Comprised of some of the best rates and pricing in the industry. You’ve build outstanding credit, you deserve an outstanding rate
 We have build a brand of professionalism and excellence, as well as having loan products to help more people. We specialize in Mortgages only, that is our mission. Call us today and one of our professional Mortgage Loan Officers can help you get started.

CALL TODAY 702-507-4170

One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!

Posted in 15 Year Mortgage Rates, 30 Year Mortgage Rates, Best Mortgage Brokers in Las Vegas, Commercial Real Estate Lending, Commerical Loans, Conventional Loans, Current Rates, energy savings, FHA Mortgage, FHA Purchase, FHA Streamline Refinance, first time home buyers, Government Loans, Hiring Loan Originators, Home Buyers Las Vegas, home loans california, home loans las vegas, Home Mortgage, Home Refinance, Jumbo Loans, Las Vegas Home Mortgages, Las Vegas Mortgage Company, Las Vegas Mortgage Lender, Loan Programs, mortgage broker in las vegas, Mortgage Interest, mortgage loans, Mortgage Refinance Arizona, Mortgage Refinance California, VA Loans, VA Loans Las Vegas | Leave a comment