Luxury Mortgage Blog

        There is not much debate at this time about whether or not certain segments of the housing market are in fact in a crisis, but rather the real issue is how we deal with our current situation.  Some advocate letting the free markets play themselves out with little government intervention.  Ron Paul, the conservative […]

  
       The financial news over the last couple of weeks has raised deep concerns that we are heading for a recession.  Rather than scaring smart investors, many look for increased opportunities in real estate and other investments during these difficult times.  The Fed has taken a major step to try to curtail some of the […]

As you are likely aware, the state of the mortgage market has changed considerably in the past few months.  First off, very few lenders still offer Foreign National or Non-Permanent Resident financing.  If you are a Foreign National or Non-Permanent Resident your available options have decreased considerably and you need to be aware of your options. 
Here are the Non-Permanent Resident […]

A few months ago, when the ELAD group purchased the New Frontier land for $1.2 billion dollars they set a new price per acre record.  This morning at 2:30AM they set their demolition and future construction plan in action.  The demolition of the New Frontier makes room for their $5+ Billion dollar larger than life replica of the […]

Allure Las Vegas is just about completed. The next step once the building receives its certificate of occupancy will be closings! As such, you need a lender with expertise in high rise mortgage transactions to successfully fund and close on your unit. If you were fortunate enough to purchase in this highly […]

Las Vegas’ own Trump Towers and Palms Place are both set to close in the first quarter of 2008. Buyers in both projects should be aware that condo-hotel minimum down payments for mortgage financing have increased substantially since your original purchase dates. Throughout 2006, Luxury Mortgage Group offered 95% Loan-to-value condotel mortgage financing. Today, in […]

As law makers and regulators nationwide wrestle with the cry for enhanced “predatory lending laws” in the wake of the sub prime mortgage debacle, I believe the Nevada legislature has accomplished a pretty tough assignment.
Wisely the legislature did not attempt to re-write an entire library of regulations already in place governing mortgage lending. They also […]