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. [...]

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|

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 [...]

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 [...]