NMLS: 949115
2260 Lava Ridge Court Suite 102
Roseville, California 95661
(916) 846-9409
State Licensing Information: AL-85020, AZ-1000405, CA-DBO949115, FL-LO111541, GA-949115, ID-MLO-2080949115, KS-LO.0039175, OR-949115, TN-178849, TX-949115, WA-MLO-949115
As you embark on your homeownership journey, it's important to familiarize yourself with closing costs. These are fees that typically represent 2-5% of your home loan and are a standard part of the process. We're here to demystify closing costs for you, ensuring your...
When purchasing a home, one important step that homebuyers often overlook or delay is getting preapproved for a mortgage. Mortgage preapproval is a service provided by lenders that offers homebuyers a comprehensive understanding of their borrowing capacity, giving...
Premier Mortgage Resources, LLC is not affiliated with or an agency of the federal government. The material is not provided by, nor has it been approved by the Department of Housing & Urban Development (HUD), the Federal Housing Administration (FHA), or any Government agency.
All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied.
This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Any programs shown do not demonstrate all options or pricing structures. Not all customers will qualify. Terms, programs, and underwriting policies are subject to change without notice. Some products or loan amounts may not be available in all states. Other restrictions may apply.
Refinances
By refinancing your existing loan, the total finance charge may be higher over the life of the new loan.
100% Financing Programs
The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. You should consult a tax adviser for further information regarding the deductibility of interest and charges.
ARM Loans
After the initial fixed-rate period on an Adjustable Rate Mortgage (ARM) loan, your interest rate may increase periodically (annual or semi-annually) according to the market index. If the interest rate resets, your monthly mortgage payment may increase.
Lower Rates
Lower rates typically have higher closing costs in the form of discount points.
About HECM (Reverse Mortgage)
At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or you must otherwise repay the reverse mortgage with interest from your other assets.
We may charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which will be added to the balance of the reverse mortgage loan
The balance of the reverse mortgage loan grows over time and interest is charged on the outstanding loan balance.
You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may be subject to a tax lien or other encumbrance or to possible foreclosure; and
Interest on a reverse mortgage is not deductible from the person’s income tax return until the person repays all or part of the reverse mortgage loan
Reduced Documentation loans (No Doc, No Income/No Asset, Stated Asset, No Ratio)
These products may have higher interest rate, more points or more fees than other products that require more documentation, including income documentation.
Tax Exemption/Deduction
Any statements regarding tax deductions or exemptions are for information purposes only. Always consult a tax advisor regarding your specific tax situation.
Opinions
Any opinions expressed within blogs, videos, podcasts, interviews, presentations, or other online content are solely the opinions of the individual/author and do not represent the opinions or policy of Premier Mortgage Resources, LLC.
PMR is not a course provider and does not provide credits for any CE class.
Texas Complaint-Recovery Fund Notice
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT tel:18772765550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMNT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT http://WWW.SML.TEXAS.GOV.
I was put in contact with Nikki by another lender that failed to secure my refinance loan. I was in a terrible situation and under an almost impossible timeline. I was incredibly stressed out. Not only was Nikki and her team able to secure me a loan in a tight timeline, she also walked me through the entire process. Step by step Nikki was there to answer any questions. My biggest compliment I can give her is that she genuinely cares. She knew how stressed I was, and how sensitive my situation was. She took it upon herself to calm nerves by giving me constant updates. She actually reached out multiple times after hours and on weekends. I have bragged to everyone I’ve talked to about how exceptional her customer service. I truly felt like she was my personal lender. I would recommend her services to anyone.
I was 7 months pregnant when we decided to get pre approved and start looking at houses. Nicole made the pre approval process seamless. She was patient, detailed oriented, knowledgeable, flexible and genuine in wanted us to find the loan that works for us and our lifestyle. She followed up when I missed something due to “pregnancy brain, she scheduled meetings/signings convenient to us and around our doctor appointments, and was available for any and all questions. She was amazing from start to finish. Once we found the house we wanted she didn’t delay to get closing done. I’d recommend her 10 out of 10 times
Nikki was great through the entire process of getting our house. we got multiple loan options explained to us, with pros and cons to see what we would do best for our situation. I would recommend Nikki to anyone looking for a loan. She was always quick to respond and go above and beyond with all aspects of these transactions from explaining things to us, to working with our real estate agent and buyer and getting all paperwork done. with her, I did feel as if we could trust in what we were being told and had no doubts that her and her company would follow through with the best options at the time. Would give 6 stars out of 5 if I could.
Using Premier Mortgage Resources during our home buying process could not have gone better! Nikki and the whole PMR team are amazing! They are very knowledgeable, answered all our questions thoroughly, shared all of our options and educated us on each step along the way. We felt very comfortable and confident throughout the whole process because of Nikki’s strong communication, expertise and care for our family. She would check in just to make sure we were comfortable with how everything was progressing. She truly cares and if you need a lender she’s your person!
Nikki and her team were recommended by another lending institution that was not able to provide services for my needs. After discussing what I needed to accomplish, Nikki put forward several options and as we pursued the various avenues, we came up with the best case scenario. Her team was remarkable in moving the whole process forward expeditiously and were very "hands" on the entire way. Nikki texted me, called me, emailed me to keep me apprised of the progress and any needed documentation along the way. This was very stress free for me and I even went on a 7 day cruise while the team worked in the background. The loan process was completed 2 weeks before the target date. Communication is the major strong point of Nikki and her team. I would definitely use them again if I ever need another loan. Kudos to the entire team!!!
Nikki and the PMR team were great. We needed to be approved and in a home in a short timeline. Nikki walked us through the whole process which was really scary being a first time homebuyer. She would call and take calls anytime of the day and even on the weekend. I highly recommend Nikki and am proud to refer her to anyone who is looking to buy or refinance a house.
I cannot begin to explain just how blown away I am by Nikki, Jamie, and the rest of the team at PMR. After entertaining months of questions, and providing me with countless scenarios for different kinds of loans and payment structures, we were able to secure the first home I've purchased on my own. Nikki has amazing communication skills, was friendly, supportive, and (most importantly) was able to push the loan through at my pace. Buying a home is a unique experience, and it was a relief knowing that I had was working with someone I could trust. I will be recommending Nikki, and PMR, to anyone who will listen to me!
I was introduced to Nikki through a friend who had recently had a great experience with her, and I have to agree! I was having nothing but issues securing a loan with multiple other lenders, but Nikki was able to navigate the multi-state issues and get me a great loan! She had my back through the entire process and made everything super easy to understand. Nikki was always available even when I needed an answer after hours or on weekends. I highly recommend working with her and I will definitely be using her for my future loans.
Nikki is one of those lenders that works hard to help people become home owners because she truly cares about them. It was a joy and pleasure working with Nikki in the purchase of a condo for our first time home buyer client. She was communicative, quick to pivot when things came up, problem solving and supportive the whole way through. She is such a calm, grounded and knowledgeable human being. I’m lucky to have Nikki as a lending partner and have nothing but great things to say about her services.
I had a family member recommend Nikki and i can not put in to words how amazing she is. She never gave me false hope and kept me updated throughout the entire process. Buyin a home for the first time is a stressful ordeal but she made the process as enjoyable as can be. Its a good feeling knowing you have someone working for you with your best interest in mind. I would definitely recommend her to anyone/everyone. If you have a dream, let Nikki make it a reality.
I’m beyond grateful with Nikki, I had great experience with my first home. Nikki is very knowledgeable, loved her energy. Always kind and willing to go the extra mile. We had weekly check-ins and some times even 2x per week depending on the progress of the home buying process. Loved that she care to see how everything was going. Walked me through everything, always on top of every concern or question I had. I definitely recommend her and will come to her in the near future.
Nikki helped us buy our home 7 years ago. She successfully helped us raise our credit score and do everything necessary to qualify for down payment assistance programs. We were able to buy the most perfect little home. All these years later she helped us access the equity in our home to help with a business venture.
That may all seem common yet her efforts are not. She LITERALLY went above, beyond and then some to help us, all while being the most kind and gracious person. She made us seem like we personally mattered. This rare quality makes her shine and we are so eternally grateful.
We had a fantastic experience with Nikki as our lender to purchase our first home. The communication was excellent, and she always took the time to make sure we understood everything. Nikki was incredibly supportive and went above and beyond throughout the entire process. We are very grateful to have chosen her and will definitely be using her in the future. Thank you, Nikki!