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Mortgage BLOG

Advanced Funding Home Mortgage Loans' mortgage blog is chock full of mortgage loan advice, tips, and the latest mortgage and housing news. Whether you're considering a Utah refinance or thinking of buying a home. We have the experience and expertise to assist you as you prepare for your homeowner journey. Our mission is to help you understand how the mortgage loan process works so that you can make decisions that will maximize your savings, qualify you for the amount you desire, and avoid costly missteps.

 

Retail Sales Rebound Sharply in October 2018

As the holiday shopping season unfolds, retailers were giddy in October due in part to strong sales for motor vehicles and building materials. Retail Sales jumped 0.8 percent versus the 0.5 percent and up from 0.1 percent in September. It was the largest increase since May's gain of 1.2 percent. The Core rate rose 0.7 percent, above the 0.5 percent expected. Consumer spending accounts for more than two-thirds of U.S. economic activity.

November 15th, 2018 | Mortgage News, Retail Sales Rebound Sharply in October 2018

Jumbo Loan Basics

The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have price tags that are too high for these standard loans. Enter the jumbo loan.   What is a Jumbo Loan? Jumbo mortgage loans are those that have a higher dollar amount than the limits set by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy up home loans and sell them on the secondary market. Since Fannie and Freddie are backed by the federal government, they create loan limits to minimize the risk o...

November 14th, 2018 | Jumbo Loans, Adjustable Rate Mortgages, Fixed Rate Mortgages, Purchasing a Home, Jumbo Loan Basics

Why Your Home Needs a Mudroom This Winter

It may not seem like it, but winter is already creeping in across the United States, including Utah. Some cities have already experienced snow flurries. Snow means that water, leaves, and all types of debris will get tracked into your home - the beautiful home that you spent so much time designing and cleaning. You need a mudroom. Mudrooms are great for preventing water and dirt from entering your home, but they also keep boots, coats, and other winter accessories in one location. You don't want to find a wet coat draped over a couch or a scarf on the kitchen table. When kids and adults...

November 10th, 2018 | Home Renovation, Home Owner Tips, Why Your Home Needs a Mudroom This Winter

Fed Sits as Congress Splits

"I'm on my way, I'm on my way home sweet home" - Home Sweet Home, Motley Crue Last Tuesday, many politicians went "home" after the midterm election results and the day ended with a split of power between the House and Senate. The markets and the Fed will now be watching to see if the split Congress can deliver a more fiscal policy or get caught in political gridlock. The latter would likely slow the pace of future Fed rate hikes. Speaking of the Fed, they met on Thursday and, as expected, didn't raise rates. However, they offered some good news to both ...

November 9th, 2018 | Mortgage News, Fed Sits as Congress Splits

30-Year Mortgages vs 15-Year Mortgages

The majority of Utah home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve many borrowers better: the 15-year fixed-rate mortgage. Both loans include an interest rate that does not change over the course of the loan but one is paid off twice as fast as the other. Both can be financially savvy in certain situations.   Payments If you are looking for the lowest monthly payment, a 30-year FRM beats the 15-year. That is because the loan principal balance is paid off twice as slowly than the 15...

November 8th, 2018 | Conventional Loans, Mortgage, Interest Rates, 30-Year Mortgages vs 15-Year Mortgages

Lead Follow-Up Strategies That Win Business

Lead-generation technology and consumer expectations have changed dramatically in recent years, making it even more critical for proper follow-up. Here are five strategies for optimizing your time-to-conversion and growing your income.    1. Categorize your leads based on timeframe and commitment level Timeframe: Likely to act in the next 60 days, 60 to 180 days, more than 180 days. Commitment Level: Casual browser, getting serious, ready to buy.   2. Stratify your leads based on the appropriate follow-up approach: Act Now: Timeframe in th...

November 7th, 2018 | Real Estate Agent Tools, Lead Follow-Up Strategies That Win Business

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Your Mortgage Broker

As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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