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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

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 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approximately 26 million American adults without a credit history and another 19 million whose credit histories are too outdated or limited to be scored with the traditional methods b...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?

4 Loan Programs With Zero-Down Payment

Are there ways to get a mortgage loan without making a down payment? While the options are not as plentiful as they used to be, there are still at least four government-backed programs that allow borrowers to buy a home with no down payment. Over a decade ago, home prices were skyrocketing month-to-month, giving homebuyers “instant equity.” Mortgage lenders offered “zero-down” home loans to most of their customers, with confidence that those borrowers would soon own a significant stake in their homes. However, the housing market crashed, and home prices began plungin...

May 22nd, 2019 | VA Loans, FHA Loans, Conventional Loans, Home Buying or Selling, First-time Homebuyers, 4 Loan Programs With Zero-Down Payment

What to Expect When Buying Your First Home

Buying your first home is an exciting time in your life, but it can also bring some worry. The process is overwhelming at times, so first-time homebuyers often don't know exactly what to expect. When analyzing the cost of a home, you may forget to incorporate some of the other costs that come with the process. One of these costs is a down payment, which is nearly always required on a mortgage loan. Although 20% is a common goal, many lenders permit you to put down less. Doing so may result in the payment of private mortgage insurance, which would add to your total monthly payment. Altho...

May 17th, 2019 | Home Buying or Selling, First-time Homebuyers, What to Expect When Buying Your First Home

Can I Qualify for Down Payment Assistance?

One of the biggest obstacles to homeownership is coming up with enough money for a down payment. When your own savings are not adding up quickly enough and you don’t have a rich uncle to tap for an early inheritance, you may find some help in a down payment assistant programs.   Down Payment Assistance Programs Many state and local governments, as well as local lending institutions and non-profit organizations, have created down payment assistance programs because of their vested interest in helping residents and fellow community members become homeowners. Those who own homes...

April 10th, 2019 | Home Buying or Selling, Loan Programs, First-time Homebuyers, Can I Qualify for Down Payment Assistance?

Buying a Home as a Millennial: Myths Debunked

As a millennial, your probably sick of hearing about millennials are not able to purchase homes. You're a hyper-analyzed generation whose perceived as self-entitled, lazy, and a lives in your parent's basement. You've probably seen the theories swirling around online and on social media outlets trying to explain why millennials can’t buy a home. Or even worse, they offer impractical “advice” about what to do in order to buy a home. The goal of this article isn’t to convince all millennials to buy a home. That’s just not feas...

January 17th, 2019 | Home Buying or Selling, First-time Homebuyers, Buying a Home as a Millennial: Myths Debunked

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