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 [...]

2017-12-28T22:00:48+00:00December 28, 2017|Economics 101, Learning 101, Utah Real Estate|

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|

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 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 [...]

2017-07-11T17:29:26+00:00July 11, 2017|Economics 101, Loan Update 101|

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 [...]

2017-07-11T17:19:11+00:00July 11, 2017|Economics 101, Loan Update 101|