Premier Nationwide Lending Mortgage Broker
in Mortgage Brokers from Premier Nationwide LendingUnaffiliated
Premier Nationwide Lending Mortgage BrokerUnaffiliated
in Mortgage Brokers from Premier Nationwide Lending
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Premier Nationwide Lending Mortgage Broker Review
Where does Premier Nationwide Lending Mortgage Broker do business?
Premier Nationwide Lending Mortgage Broker is a mortgage broker with headquarters in Lewisville, TX. It operates in 16 states.
The company was founded in 2002 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.
How does Premier Nationwide Lending get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
Premier Nationwide Lending offers lender and borrower-paid fee models. Borrowers can choose which model works best for their circumstances. Typically, lender-paid compensation rates result in higher fees for borrowers. However, borrower-paid rates increase the upfront costs of getting a mortgage.
What fees does Premier Nationwide Lending charge?
Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.
Does Premier Nationwide Lending Mortgage Broker charge broker administration fees?
No, Premier Nationwide Lending does not charge a broker administration fee.
Does Premier Nationwide Lending charge broker loan origination fees?
No, Premier Nationwide Lending does not charge a broker loan origination fees.
Does Premier Nationwide Lending Mortgage Broker charge broker upfront fees?
No, Premier Nationwide Lending does not charge broker upfront fees.
Does Premier Nationwide Lending charge a yield-spread premium?
No, Premier Nationwide Lending does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.
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What mortgage programs does Premier Nationwide Lending Mortgage Broker offer?
Premier Nationwide Lending Mortgage Broker offers the following mortgage programs:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What types of mortgage does Premier Nationwide Lending broker?Premier Nationwide Lending works with the following types of mortgages:
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- New Mexico
- North Carolina
- South Carolina