Here’s What Buyers Need to Know About Home Square Footage

Square footage is a complicated number, and it’s one that confuses many homebuyers. Here are answers to your most pressing square footage questions. The average home built in the western United States in 2010 is 2,143 square feet, according to the U.S. Census Bureau, an increase of more than 100 square feet compared to one decade [...]

4 Factors Mortgage Lenders Consider When Determining Mortgage Rates

There are several pieces of information underwriters review before deciding what rate is appropriate. The good news is, it’s all information you can find and review, too. Buying a home is a busy time, and if you're in the market for a mortgage, there are no doubt many things on your mind. For many homebuyers, a [...]

3 Common Concerns Sellers Have About FHA Borrowers

For first-time homebuyers entering the real estate market, an FHA loan is an attractive option for an affordable residential mortgage for a number of reasons including lower credit score and down payment requirements. The same features that make the FHA loan program so attractive for buyers doesn't always seem so great from the seller's perspective. When sellers [...]

2017-11-22T16:42:24+00:00November 22, 2017|Economics 101, Loan Update 101|

3 Smart Solutions for a Low Credit Score

Having a higher credit score can open the door to more financial opportunities. When it's time to buy your Utah home, one of the first things you'll likely look into is your credit score. This three-digit number gives lenders a hint as to how likely you are to pay your bills completely and on time. [...]

Why school district matters, even if you don’t have kids

School district is one of the most influential factors for resale value. When seeking out your ideal home, you'll probably evaluate various locations before you finalize the purchase and secure a residential mortgage. You'll consider the neighborhood, how safe it is and how far the commute to work or the grocery store will be. In your [...]

2017-09-06T21:49:49+00:00September 6, 2017|Economics 101, Loan Update 101, Utah Real Estate|

Is refinancing my mortgage a good idea?

Sometimes refinancing costs you more than you expect. According to NerdWallet, Americans lose at least $13 billion a year by not refinancing their residential mortgages. While it's true the process can save you a lot of money, it can also be a poor financial decision. Here's a brief explanation of how to determine whether or not refinancing your [...]

2017-08-22T21:04:37+00:00August 22, 2017|Economics 101, Loan Update 101|

3 sources of down payment funds that aren’t your savings

For many, saving up for the down payment is the most challenging hurdle to overcome. Thousands of Americans make the move to homeownership every month. But buying a home isn't always simple. In fact, it can often become confusing and stressful. What is making the buying journey difficult for consumers? For many, saving up for [...]

2017-08-22T19:42:33+00:00August 22, 2017|Economics 101, Loan Update 101|

3 Home Improvement Projects to Consider this Summer

Now that summer has officially arrived, many homeowners will begin seeking out updates to make to their houses. But not all home improvement projects were created equally. First, you'll want to choose something that'll improve your comfort or enjoyment in the home. Next, it's important that the project be feasibly completed with quality while still being [...]

Debunked: 5 Down Payment Myths You Probably Still Believe

Despite the large percentage of the population that has successfully gone through the homebuying process, it remains a mystery to many citizens. More than 200 million Americans live in homes they own themselves, according to the U.S. Census Bureau. Still, despite the large percentage of the population that has successfully gone through the homebuying process, it remains [...]

No, you don’t need a 20% down payment to buy a house in Utah

No, you don't need a 20% down payment to buy a house in Utah. We've got options. Lack of inventory has made for a highly competitive Utah housing market this year, which in turn has pushed home prices up. According to the U.S. Census Bureau, the average home price in February 2017 was $390,400. This [...]