Cementing his place as a seasoned mortgage professional, Derek Parent and The Parent Team of Perl Mortgage is leaving a mark as one of the top mortgage origination teams in the country.
Over the years, Derek Parent and his team have gained the trust of the community at large with experience working with an array of clients, including first-time homebuyers, high net-worth individuals, veterans, teachers, and medical workers.
One of Parent’s biggest priorities is staying on top of market trends to protect, service and educate his clients to the best of his ability. Derek Parent alongside his team of experts have set out a mission to help clients realize their dreams. In our interview, Parent discusses everything from getting the perfect loan, first time buyer home tips, purchasing and financing a home in 2018, getting approved for high-rise condominium with little as 5% down, why refinancing may be good option, and everything in between. Here is what he had to say.
Q: Can you tell us a little about yourself and The Parent Team of Perl Mortgage?
The Parent Team is built around a couple of very basic principles, and they don’t have nearly as much to do with the actual work environment as they do the people. I truly believe that–like a home–if you implement great habits and amazing people in your everyday life, you will build a foundation that can withstand any storm or capacity. From day one, I’ve always attempted to surround myself with people who represent those qualities. Personally, I am a strong believer in elevation, and what I embrace most about the mortgage industry is that it allows me to grow–not only in my career, but also in my personal development. It’s enabled me to do what I love; it’s given me the opportunity to be a stepping stone–and sometimes, a guide–for those looking to achieve something.
When you pair that with over 20 years of industry experience, there is very little that seems daunting. I’ve seen all different types of markets and needs, and it’s allowed me to work with clients from every side of the spectrum. We work in an extremely dynamic industry, and I believe that my duty is to always keep an adaptive perspective, and it’s this same mindset that has been the foundation of how my team and I have been able to fulfill a desperate need for mortgage options in Las Vegas. Whether someone is planning to purchase a single-family home, condominium, primary residence or investment, these wins–the difficult ones–are the scores that count and setting ourselves apart in a world where most are intimidated is something in which I continue to pursue daily, understanding that it will give my clients more opportunity, less stress and most importantly, trust in their mortgage advisor to always have their backs.
Q: What are some of the types of programs you offer or specialize in?
Depending on the type of property, we offer several different options, including Jumbo, Conventional, FHA and VA throughout Nevada, California, Texas, and Florida. One specialty is being able to provide traditional financing for high-rise condominium projects in Las Vegas with as little as 5% down payment.
Q: As an expert high-rise lender, is it difficult to get approved for high-rise loan?
Not at all. It is simple. We generally can tell very quickly whether someone can qualify or not. We analyze a few things like the applicant’s credit and income and the property’s value to determine whether the loan is possible now or in the future.
Q: What are some great options available for buyers currently looking to buy a high-rise condominium?
We have expanded our options to provide financing on condominiums ranging from $70,000 to $3 million, and a down payment can be as little 5% down. We want to help everybody. Some of the condominiums that are listed include: Veer Towers, Turnberry Towers, Turnberry Place, One Las Vegas, Metropolis, The Ogden, Park Towers,
Q: What are some core values that The Parent Team carries?
All our decisions and choices are based on the foundation of integrity, honesty, compassion and always keeping the client’s best interest in mind. Our clients are far more than just clients; they are friends and taking care of them is our #1 priority.
Q: What are your thoughts on housing market and recent developments in Las Vegas? Do you think it is a good time to buy?
I’m a strong believer that NOW is always the best time to buy. Why wait? Tomorrow is never promised.
Q: Can you give us insight into current interest rates and market projection?
With being an active Sponsor of the Las Vegas Global Economic Alliance group, The Parent Team is always up to date with what’s going on in today’s market. As the housing market is steadily growing, so will the rates.
Q: Why do you think refinancing is a good option for some clients?
There are several reasons why refinancing is beneficial to clients. Some of the benefits are paying off credit cards, financing a business, covering college tuition, managing unexpected expenses, making improvements to your home or taking advantage of potential tax-deduction benefits from interest paid on the loan. Refinancing overall gives our clients an opportunity to put more cash into their pockets rather than leaving it tied to a piece of property.
Q: What are some tips you recommend for new home buyers when shopping for a loan?
My recommendation is to work with someone of a high-caliber professional who you trust. Becoming a homeowner is one of the biggest purchases in someone’s life, so it’s important to go through this process with someone you know has your back.
Q: What makes The Parent Team different compared to other lenders?
Our mission is to help our community achieve homeownership, helping the maximum number of people in our community. One of the reasons why we invested in creating opportunities for homeowners that can purchase in any price range is to be able to provide options for every type of homebuyer. This process of purchasing a home, refinancing, and dealing with money can be sensitive, so our mission is to make sure every single one of our clients experiences a smooth transaction and an uplifting process.
Derek J. Parent NMLS# 182283