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. [...]

Denied for a mortgage? This may be why

Here are some reasons homeowners are denied for a mortgage. It's common for homeowners to need a residential mortgage in order to afford their house. According to research from Zillow, around 71 percent of people fit into that category - most of whom tend to be younger buyers. Homeowners want to find the best deal [...]