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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: 4 Reasons Why You Should Refinance NOW

4 Reasons Why You Should Refinance NOW

Mortgage interest rates are hovering near record lows this year, and the latest forecasts have rates continuing to be low throughout the coming year. Many homeowners have already taken advantage of these historically low rates by refinancing their Utah mortgage. If you have not yet refinanced, here are four good reasons why now is the perfect time:   1. Save Money Now and Later If you took out a home loan at an interest rate any higher than today’s current rates, you could possibly save yourself hundreds of dollars a month on payments and tens of thou...

January 22nd, 2020 | Refinance, Interest Rates, Saving Money, Home Improvement, Credit and Debt, 4 Reasons Why You Should Refinance NOW

Blog Image: Can I Refinance with Bad Credit?

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?

Blog Image: Can I Get a Mortgage Without a Credit Score?

Can I Get a Mortgage Without a Credit Score?

You need a good credit score to get the best rates on mortgage loans. Less-than-perfect scores will mean higher interest rates and subprime credit scores will make borrowing money very expensive. But what if you have no credit score at all? Is it possible to get a mortgage without a credit score?   The Credit Score-free Population According to the Consumer Financial Protection Bureau (CFPB), there are approximately 26 million American adults without a credit history and another 19 million whose credit histories are too outdated or limited to be scored with the traditional methods b...

September 18th, 2019 | FHA Loans, Credit and Debt, First-time Homebuyers, Loan Programs, Can I Get a Mortgage Without a Credit Score?

Blog Image: What is a Loan-to-Value Ratio?

What is a Loan-to-Value Ratio?

Once you get serious about buying a home or refinancing your current mortgage, you will probably hear the term “loan-to-value ratio” mentioned by your mortgage broker. What is this ratio and how does it affect your Utah mortgage?   Loan-to-Value Ratio Defined A Loan-to-value ratio, also known as an LTV ratio, is the calculation of how large your mortgage is compared to the value of your property. In order to find your LTV,  divide your loan amount by the appraised value or the purchase price, whichever is lower, of the property in question. In general, the low...

July 10th, 2019 | Home Buying or Selling, Credit and Debt, Interest Rates, What is a Loan-to-Value Ratio?

Blog Image: Benefits to Mortgage Debt

Benefits to Mortgage Debt

In order to buy a house, most Americans, including Utahns, take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers.   Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce, and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may ...

June 5th, 2019 | Credit and Debt, Mortgage Basics, Benefits to Mortgage Debt

Blog Image: What is Mortgage Amortization?

What is Mortgage Amortization?

If you have a fixed-rate home mortgage, you pay the exact same amount of principal and interest each month. But did you know that the amount of principal you pay toward the balance of your loan changes from month to month? This is called mortgage amortization and it is a method of distributing the interest and principal over the course of a loan so that it is completely paid off by the end of the loan term. Understanding how it works could help save you plenty of interest on your mortgage.   How does it work? When you agree to buy a house at a certain price, in reality, you will en...

May 8th, 2019 | Credit and Debt, Interest Rates, Mortgage Basics, What is Mortgage Amortization?

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