Mortgage Archive

Buying a Home? Read This First

At the back of their minds, most people consider themselves excellent money managers. However, a quick examination of their finances begs to differ in a big way. All across the board, people buckle under the weight of spiraling debts. A recent study puts the average American household credit card debt to the tune of $15,000, putting the [&hellip

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Overcoming the Mortgage Down Payment Hurdle

The down payment on a mortgage acts as the first hurdle home buyers face. Lenders recommend that home buyers place down 20 percent on their loan, yet that sum of money can be difficult to save up. You can still pay a down payment less than 20 percent, yet you have to pay private mortgage [&hellip

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Dispelling the 3 Most Common Misconceptions About Refinancing

The mortgage industry is constantly evolving. As time pass by, borrowers experience changes and modernization in the process to make things simple and easy to understand. However, even with its continuous improvements, there are still people who get easily lost with this type of transaction. This is especially true once the term “refinance” appear. Most [&hellip

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How Can a Mortgage Broker Help You?

A broker is an individual who acts as the intermediary between the borrower and the lender. The lender provides the funding and the broker only facilitates the meeting between the borrowers and the lenders. In a way, the broker makes it easy for the borrower to access the best mortgage offers and deals on the [&hellip

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Applying for an FHA 203K Loan: How-To Guide for Owners of Fixer-Uppers

Many people get inspired to buy homes that need serious work, thanks to lifestyle and reality television shows. If a house is considered uninhabitable, lenders usually don’t hand out loans to borrowers. The FHA 203K loan program is set up by the federal government to help buyers repair an old and/or damaged home. For instance, it is [&hellip

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Become a Smart Homeowner: Choose the Right Mortgage

For people buying a house for the first time, choosing a property and then a suitable mortgage can prove to be an overwhelming task. In fact, many find it emotionally draining with so many lending companies in Salt Lake City willing to provide mortgages at various interest rates.  Before you commit to a certain mortgage [&hellip

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Proof that the “Best Mortgage Rate Myth” Actually Holds True

To say that the best mortgage rate is nothing but a myth is not unheard of in Utah. In fact, there isn’t one home loan tailored to answer the needs of all home buyers. You have your own preference and budget, therefore, the mortgage that suits you might not satisfy another borrower. No matter how [&hellip

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