It is important that your Realtor direct you to the best mortgage lender -- one who can assess your special needs and fit the best program to those needs.

Mortgage loan programs differ in their interest rates, length of term, amount of money required for a down payment, "ratio" percentages allowed for qualification and miscellaneous loan charges and closing costs. Since each buyer is unique, the mortgage loan must be a "perfect fit."

John Lotito and Associates work with Jerome Niedorf at Republic Mortgage here in Las Vegas. Jerome is the Vice President and Branch Manager at Republic Mortgage, and has been involved in the mortgage and finance business for 25 years. Jerome is the past President of the Nevada Mortgage Bankers Association and has been John Lotito and Associates preferred lender for the past eight years. Jerome and his staff have the expertise and knowledge of the lending business needed to bring the best loan product and service to our buyers.

Jerome and his staff specialize in various types of loan programs, including:

• FHA LOANS
• VA (NO MONEY DOWN) LOANS
• CONVENTIONAL LOANS
• FIRST TIME HOMEBUYERS PROGRAMS
• NO ASSET/NO INCOME VERIFICATION LOANS
• LOW DOCUMENTATION LOANS
• SELF-EMPLOYED SPECIAL PROGRAMS
• SECOND HOME LOANS
• LAND/CONSTRUCTION LOANS
• "LESS THAN PERFECT CREDIT" LOANS

There are many buyers with special needs -- who have faced divorce, bankruptcy, credit challenges and other special situations -- and Jerome has been able to provide mortgages for these clients.

It is a good idea to talk with a mortgage broker prior to selecting your "dream" property. Republic Mortgage can provide you with a PRE-APPROVAL in advance of your looking at property, making your negotiating position more favorable, and allowing you to find your home knowing that your financing will be in place and completed within the necessary period of time. By completing the preliminary loan work in advance, John Lotito can know exactly which price range to show you when you look at property and can negotiate better on your behalf with the owner of property, as you are an approved buyer who is ready to close escrow on your transaction without any obstacles. Jerome can explain various options to buyers, such as "gift" funds, VA "$1 down" loans, co-borrower programs, mortgage insurance requirements, etc.

Republic Mortgage can offer you a variety of mortgage options, including:

• FIXED RATE
• ADJUSTABLE RATE
• FIXED RATE WITH A BALLOON
• 30 YEAR LOAN
• 15 YEAR LOAN

VA LOANS
These loans are designed to help Veterans (Active Duty or Reservist) with purchases up to $203,000. The main benefit is that the Veteran can, in many cases, purchase this property with no money down.

Rates and terms are changing daily. Call Jerome for current rates and terms!

The VA Funding Fee, which is the cost of obtaining this type of loan, is : 2% for loans with 5% or lower down payment; 1.5% for loans with 5% - 10% down payment; 1.25% for loans with 10% or more down payment; .50% for rate reduction refinance loans (all for first time VA loan users): The VA Funding Fee for Veterans who have previously used their VA entitlement; call us for those fees. For Reservists the Funding Fee is .75% higher than that of the fees noted above.
A Veteran with a service connected disability who is monetarily compensated for the disability will not have to pay a VA Funding Fee.

FHA Loans
FHA loans are offered for buyers with smaller amounts of available cash for a down payment -- who might have income that is less than that required for a conventional loan to qualify for a purchase. The buyer can finance some of his closing costs, and all of the down payment can be obtained by a gift from a relative. Non-occupant co-borrowers are acceptable. Call Jerome for more information about maximum loan amounts and current rates and costs.

Conventional Loans
Conventional loans are offered with minimum of 3-5% down and vary greatly with regard to interest rate and length of term.

The key to a successful real estate purchase is being able to find the special mortgage loan program that fits your needs. Jerome Niedorf and Republic Mortgage can tailor a loan program for you. And SERVICE is their business! The team will work with you regardless of where you are currently located, regardless of what price range you are working with. And they will process and complete the financing of your new property FAST and EASILY!

For more information, feel free to conatact Jerome Niedorf at Republic Mortgage directly at:

• 702 952-5000
• 702 952-5001 fax