If you are deciding whether to buy or rent a home, there are several signs that can help you make the decision. By looking for these signs, you may be able to determine if it is the right time for you to purchase a house instead of renting one. Here are 5 signs it...
401 SE 3rd Street
Lee's Summit, Missouri 64063
State Licensing Information: CO-100526046, KS-LO.0001062, MO-1166-MLO, TX-327268
Premier Mortgage Resources Blog
5 tips for upgrading your home’s porch
Not only will upgrading your porch improve the overall look of your property, but modernizing it may also add value to your home and increase its marketability. Here are five upgrades to consider to your porch. Install Modern Lighting Installing modern lighting on...
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.
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.
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 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.
Any statements regarding tax deductions or exemptions are for information purposes only. Always consult a tax advisor regarding your specific tax situation.
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.
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.
Shawn was very helpful throughout the whole loan process. It could not have gone any smoother! He took the time to explain everything in detail an happily answered all my questions. If I ever purchase another home I will definitely be giving him a call.
Excellent and to the point.Will use his services again soon
Shawn made our transaction smooth and fast. Very knowledgeable about the whole process from start to finish. Shawn is highly recommended to everyone that I talk to about our home purchase. Thank you for making a stressful situation manageable!
. Five stars!
Very helpful with answering all questions and concerns. Upfront with all the ins and outs of the process. I would definitely refer Sean and Premiere mortgage to anyone.
Shawn did a great job getting us preapproved and helping us negotiate the home buying process. We highly recommend him and his staff.
Best team ever! Each person was knowledgeable, and no matter which person we talked to, she or he knew about us, our loan, and our goals. We bought two properties with complicating circumstances—one foreclosure/one estate. Shawn’s team plowed on through every turn of events. We will definitely use him again.
Shawn and staff have done nothing less than provide for professional transactions that have always been smooth. He is always on his game and extremely efficient and handles his credibility with a great amount of knowledge. At the end of the buy, you can count on a friendship that will last..
Absolute pleasure to work with. Very professional and attentive to any needs I had. i have and would still refer friends and family to Shawn and his team.
I don’t know how they manage it, but they certainly make the entire process of buying a home painless. Knowledgeable, courteous, helpful, professional and reliable. What more could you possibly want? Highly recommend!
Shawn made the whole process go smoothly. He was very Professional and had answers to all my questions. I highly recommend to all my family and friends.
Shawn did an outstanding job throughout the entire process. Very easy to work with.
We are so thankful for all of the work Shawn and his team put in to make our home buying process easy and stress free. He took the time to explain everything to us and answer all of our questions. I really felt like he was there for us.
My experience working with Shawn and the PMR team was outstanding. He was always quick with his responses to my questions and he makes himself available for his clients. I felt like he kept me informed throughout the entire loan process from the beginning stages of pre-approval, all the way through closing. He’s personable and a great guy to do business with. Definitely recommend.
Just a few hiccups, but all in all a great experience.
Always a pleasure working with Shawn and the team! This is my third home financing experience with them over the years and I would highly recommend.
I very much appreciate Shawn’s expertise and advice which sped up the home buying process for me quite a bit. I also worked with Denise who was always readily available to answer all my questions and walk me through the process.
Thanks to the PMR team for making my first home purchase possible!!
This is the 2nd time we have used Shawn, what an easy experience from start to finish. The whole team at Premier is top notch in guiding you through the process keeping you updated on internal processes giving you peace of mind that others don’t. I would highly recommend Shawn and his team to anyone looking to buy a home.