patrickm

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  • Real Estate Professional
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  • Phone:
  • 7022857774
patrickm, in Las Vegas
  • 17 Answers
  • 8 First Answers
  • 3 Useful Answers
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About Me
My name is Patrick Moore, and I'm a Senior Mortgage Banker. The firm I represent is PrimeLending, which is a division of Plains Capital Bank. Plains Capital Bank is the 9th largest privately held Bank in the United States. I've been in the local lending industry for over 10 years. I'm happily married, and have 2 beautiful children, ages 2 & 5. I believe to be truly successful one must help others obtain happiness. I strive my self on customer service, and building clients for life. I think knowledge is key, and learn something new everyday. I look forward to the opportunity to earn your business.
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patrickm's Answers (17)
Arlen Hovsep…, Home Buyer in Glndale, California

Interested in home loans with only 10% down.

Asked Tue Jul 15 2008, 12:37 by Arlen Hovsep…  -  All locations  -  Home Buying  -  2 answers
patrickm answered:
Good Afternoon Arlen-

There are many loans available with only 10% down, this of course would be, or should be customized around your needs. There are even loans that have a minimum downpaytment of only 3%. As with every loan the qualifications of the borrower will also determine what the minimum down payment will be, i.e. credit, income etc. Regarding 80/10/10 loans, unfortunately these are hard to come by these days due to the "credit-crunch".

Please let me know if I can answer any specific questions you may have.

Thank you and have a nice day.

Patrick Moore
Senior Mortgage Banker - Tue Jul 15 2008, 13:12
Cindy Collyer, Real Estate Pro in Las Vegas

who normally pays the transfer tax in Nevada??

Asked Mon Jul 14 2008, 09:40 by Cindy Collyer  -  Las Vegas  -  Financing  -  6 answers
patrickm answered:
Good Morning-

I've actually seen this paid by both buyer/seller, but for the most part I think the seller is the one who pays it.

Have a great day.

Patrick Moore
Senior Mortgage Banker - Mon Jul 14 2008, 09:51
Gwen, Just Looking in Lancaster

Can a person receiving only a disability check afford a nice home?

Asked Fri Jul 11 2008, 07:04 by Gwen  -  Duncanville  -  Home Buying  -  5 answers
patrickm answered:
Hi Gwen-

A bank wants to see "stable" income before it can be used to qualify. Disability income is considered "stable" income, only if it is permanent. Therefore if this is the case you may be able to qualify for a mortgage. Also, lenders allow you to "Gross" disability income up approx. 115%-125% for qualification purposes. These are general statements so please feel free to call me with any specific questions.

Thank you and have a great day.

Patrick Moore
(888) 216-0903 - Fri Jul 11 2008, 08:57
Vicky Chrisn…, Real Estate Pro in Fairfax

Do you plan to use Down Payment Assistance to Purchase?

Asked Thu Jul 10 2008, 12:45 by Vicky Chrisn…  -  All locations  -  Home Buying  -  1 answer
patrickm answered:
Dear Vicky-

Thank you for this information. I've actually sent a company wide email asking for a call to action.

Thank you and have a great day.

Patrick Moore
Senior Mortgage Banker - Thu Jul 10 2008, 13:28
Jenn, Just Looking in Austin

My (now ex) fiancee and I purchased a home. I no longer live there, but I am on the mortgage.

Asked Wed Jul 9 2008, 12:45 by Jenn  -  Austin  -  Home Buying  -  12 answers
patrickm answered:
Hi Jenn-

The answer is “Yes” you can purchase another home if your name is on the note of another mortgage. In order to purchase a primary residence, you basically would just show proof that your ex-husband is and has been making the payments on the home - you could do this with canceled checks. Then you should be able to exclude or wash this payment from your debt to income ratio, therefore allowing you to qualify without taking the hit of both mortgage payments against you. Your current credit and income will determine how much you would qualify for.

I agree with the responses below and would seek legal council regarding the options that are available to you about selling your current home.

Please don’t hesitate to call me with any questions.

Thank you, and have a great day.

Patrick Moore
Senior Mortgage Ban - Wed Jul 9 2008, 13:17
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What's this?
Specialties
Licensed in 47 states. Well versed in all areas of lending including, FHA, VA direct lender. Conventional and ALT-A products. Stated income, Asset based, bank statement programs, and Foreign National loans available. Jumbo loans to 5 million. Purchase and refi products available
Experience
Latest:
Senior Mortgage Banker for PrimeLending
January 2008—present
Previous:
Senior Loan Officer for Maverick Mortgage
January 2007—December 2007
Previous:
Senior Loan Officer for Realty Mortgage
January 2002—December 2007
Previous:
Loan Counselor for KB Mortgage
April 2000—January 2002
Previous:
Loan Officer for Crossland Mortgage
January 1997—January 2000
Certifications & Awards
Graduated University of California Santa Barbara 1995. BS-LAW
Series 4, 7 and 63 Licenses. (Stocks/Bonds/Mutual fund certified)-(63-State ethics)
P&C Insurance License.
Life & Health Insurance License
Interests
Spending time with family. Swimming, skiing, snowboarding, surfing, mountain biking, all sports...pretty much anything outside. Of course Real Estate is my number one hobby.
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