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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com



Housing Starts Slip in September

Overall Housing Starts fell 9% in September from August's 12-year high to an annual rate of 1,256,000 units versus the 1,306,000 units expected. Year-over-year total Housing Starts rose 1.6%. However, the silver lining within the data showed that single-family home construction, which makes up the bulk of the housing market, increased for the fourth straight month and the 918,000 annualized units in September was the best since January. Single-family starts were up 4.3% annually. Multi-family dwelling construction plunged 28% from August, down 5.8% year-over-year. The housing sector is bei...

October 17th, 2019 | Mortgage News, Housing Starts Slip in September

6 Reasons to Become a Homeowner

Home prices have been on the rise for a while now and news stories abound with first-time homeowners being priced out of the Utah housing market. Breaking into the housing market seems daunting today, some people may ask themselves if reaching for the goal of homeownership is truly worth it. The answer is yes! And here are the top 6 reasons why:   Pay Yourself, Not a Landlord One of the most frustrating parts of renting for many people is the feeling that they could be using their monthly rent costs to invest in their own place rather than giving it away to a landlord. When you b...

October 16th, 2019 | First-time Homebuyers, Home Buying or Selling, 6 Reasons to Become a Homeowner

Can I Refinance with Bad Credit?

Mortgage interest rates have tumbled in recent months, making refinancing more appealing than ever. As of the latest Mortgage Bankers Association survey, refinance request volume is up 180% over last year. There may be some Utah homeowners who would like to take advantage of the interest rate savings but worry they may not qualify because of poor credit. If you are part of this crowd, here are several ways to make refinancing a reality:   Learn Your Options Start with an open discussion with a Utah mortgage broker. Let them know you do not have the best credit but that you wou...

October 9th, 2019 | Refinance, Credit and Debt, Can I Refinance with Bad Credit?

Don’t Move Out Before You Sell

You are selling your home but have already moved into your next place. You might think that an empty home would sell faster than a currently lived-in one. It’s more convenient for tours and it’s easier for buyers to picture their own things in the home, right? Actually, no. The truth is that vacant homes stay on the market longer and sell for less than their furnished counterparts. A recent study from Redfin found that homes that were no longer occupied sold for roughly $11,000 less and took six days more to sell than similar occupied homes. The reasons for the disparity include...

October 2nd, 2019 | Home Buying or Selling, Homeowner Tips, Don’t Move Out Before You Sell

September Mortgage Rates Show Market Volatility

Average interest rates on long-term U.S. mortgage loans fell dramatically last week, making September the most volatile month since March, according to Freddie Mac. The average rate on a 30-year fixed-rate mortgage dropped to 3.64% with 0.6 point for the week ended September 26, down 9 basis points from the previous week and down much more from 4.72% the year before. As investor moods have been yanked around by global markets, September rates have had big swings up and down with weekly rate movement averaging 11 basis points.

October 2nd, 2019 | Mortgage News, September Mortgage Rates Show Market Volatility

Is a Bigger Down Payment Always Better?

In the homebuying process, if you find yourself in the enviable position of having more cash than needed for a minimum down payment, it may be difficult to know just how much you should put down. A larger down payment can bring plenty of benefits, but is it always best to contribute the biggest down payment possible? First, remember that every loan program has its own down payment requirements. FHA loans, for example, require a minimum of 3.5% while jumbo loans will require at least 5%. To get a conventional loan without PMI you’ll need 20%. USDA and VA, by contrast, do not require an...

September 25th, 2019 | Home Buying or Selling, Mortgage Basics, Is a Bigger Down Payment Always Better?

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