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|

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|

Thousands of Utahns will see their credit scores rise this summer

In a joint decision, the three largest credit reporting bureaus (Equifax, TransUnion and Experian) agreed to modify their rules about what to include in the credit score algorithm, The Wall Street Journal reported. Beginning July 1, 2017, certain tax liens and civil judgments will no longer be included in the calculation in some instances. Complaints [...]

2017-04-04T19:17:41+00:00April 4, 2017|Economics 101, Loan Update 101|