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. [...]

4 features to look for in a neighborhood

Though a home loan is certainly vital, there is more to the ideal dwelling beyond just price and interest rates. Here are four features to consider. When searching for the perfect home, it can be easy to get caught up in the details of a residential mortgage. Though a home loan is certainly vital, there is more [...]

2017-09-18T21:54:52+00:00September 18, 2017|101 In the Community, Utah Real Estate|

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|

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 [...]

Should you pay points in exchange for a lower mortgage rate?

Fluctuating mortgage interest rates always change the way consumers view the housing market. When rates go down, it's time to buy; when rates go up, making a purchase is a little bit less attractive. However, there are ways for prospective homebuyers to acquire an affordable mortgage, even when rates are on the rise. Now, at [...]

2017-04-06T19:13:53+00:00February 8, 2017|Economics 101, Loan Update 101|

Down payment assistance programs can help alleviate savings stress

One of the biggest obstacles homebuyers face is the price. Buying a house for the first time can be a confusing and complicated experience. Most first-time buyers find there is a lot more to the purchase than they expected. One of the biggest obstacles consumers face is the price. The median U.S. home price in [...]

2017-04-06T19:15:10+00:00January 6, 2017|Loan Update 101|

When an Adjustable-Rate Mortgage Is a Good Idea

Picking the right residential mortgage has the potential to affect a family's finances for years and even decades to come. The choice to buy a home is one of the most important decisions a person will make in his or her adult life. But once the decision is made, it is closely followed by many [...]

2017-04-06T19:20:35+00:00August 7, 2016|Loan Update 101|