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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

9/11 A Day We Will Never Forget

"As we commemorate the ... anniversary of the 9/11 terrorist attacks in New York, Shanksville, Pennsylvania, and at the Pentagon, it is a time for remembrance, resolve, and renewal. We reverently recall those who were most directly affected by this tragedy—those who died, were injured or lost loved ones. In a special way, we recall the selfless first responders—firefighters, police, chaplains, emergency workers, and other brave persons—who risked, and many times lost, their lives in their courageous efforts to save others. We also remember how our na...

September 11th, 2019 | Lifestyle, Family, Health and Wellness, 9/11 A Day We Will Never Forget

How Does the Stock Market Affect Mortgage Rates?

When there are dramatic swings in the stock market, you may wonder how mortgage interest rates will be affected. What is the relationship between mortgage rates and stock prices? Do they move together or in opposite directions?   Stocks and Mortgage Rates Both Mimic the Economy While the stock market is not directly related to mortgage rates, both are based on the basic movement of the economy.  When things are going swimmingly, both stock prices and mortgage rates tend to rise. They both generally fall when the economy is faltering. When investors are concerned about national...

September 4th, 2019 | Interest Rates, Mortgage Basics, How Does the Stock Market Affect Mortgage Rates?

What is the CHOICERenovation Mortgage?

Freddie Mac has announced the creation of a new home renovation loan program called the CHOICERenovation Mortgage.  This product is replacing Freddie Mac’s previous Renovation Mortgage and is very similar to Fannie Mae’s HomeStyle Renovation and FHA’s 203k loan. It offers many benefits to borrowers looking to make updates to their properties.   How Does It Work? The CHOICERenovation Mortgage breaks from its predecessor by eliminating the need for Interim Construction Finance and allows borrowers to take out one loan at closing to pay for both the home pu...

August 28th, 2019 | Loan Programs, Home Improvement, What is the CHOICERenovation Mortgage?

How To Consolidate Debt with a Refinance Loan

Americans have a lot of debt. As of mid-2019, U.S. borrowers owed a total of $1.4 trillion in student loans and another $1.07 trillion in consumer credit card debt. And then, of course, there’s the $1.28 trillion in auto loan debt. Add in first and second mortgages, home equity loans, boat and RV loans, medical bills, and personal loans and it's clear that many Americans, are carrying a heavy debt burden. If you are a homeowner and fall into that category, you might consider consolidating your debts by refinancing your Utah mortgage.   What is Consolidating? Consolidating...

August 21st, 2019 | Homeowner Tips, Refinance, How To Consolidate Debt with a Refinance Loan

Should You Buy an Investment Property?

Real estate can be a very profitable source of investment. Property values generally rise over time, giving owners equity and rental income at the same time. Owning a Utah investment property is not without risks and challenges though. There are several factors to consider in deciding whether an investment property is right for you.   Pros Investment properties can provide many financial benefits. They can produce a steady, fixed stream of income for you and plenty of equity should you decide to sell down the road. In addition to increasing equity over time, rental properti...

August 14th, 2019 | Home Buying or Selling, Should You Buy an Investment Property?

Housing Affordability on the Rise

As rates fall and incomes rise, homebuyers’ buying power has reached its highest level in 18 months, according to data from property data company Black Knight. Even though actual prices have climbed an average of $12,000 over the past eight months, sub-4% mortgage interest rates have increased housing affordability by 15% in that time. A buyer could now purchase a home for $45,000 more than last fall and still get the same mortgage payment.   Get More Information Inquire Now

August 12th, 2019 | Mortgage News, Housing Affordability on the Rise

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