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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: FHFA: Borrowers in Forbearance CAN Refinance

FHFA: Borrowers in Forbearance CAN Refinance

The onset of the COVID-19 crisis has forced millions of Americans into unemployment, resulting in over 4.1 million homeowners applying for mortgage forbearance. There has been plenty of confusion about how the rules of forbearance – a payment deferral plan – affect everything from credit scores to the ability to refinance or sell. Last week the Federal Housing Finance Agency announced changes to Fannie Mae and Freddie Mac forbearance policy that will allow borrowers to refinance out of their modified loans. In the past, mortgage loans in forbearance could not be refinanced for a...

May 27th, 2020 | Mortgage News, Refinance, Home Buying or Selling, FHFA: Borrowers in Forbearance CAN Refinance

Blog Image: The COVID-19 Housing Market is Better than the Great Recession Market

The COVID-19 Housing Market is Better than the Great Recession Market

Coronavirus shutdowns have spooked many homebuyers and sellers out of the market for now. Millions of homeowners have applied for mortgage forbearance in fear they will be unable to make their payments due to unemployment. Lenders have been concerned about continuing to repay their investors while not receiving payments from borrowers. All of this has prompted some to wonder if we are likely to see another housing market crash like the one that led to the Great Recession. After looking at the numbers, however, today’s homeowners are in a much better spot to weather an economic storm than...

May 13th, 2020 | Home Buying or Selling, Mortgage News, The COVID-19 Housing Market is Better than the Great Recession Market

Blog Image: How to Buy a Home During COVID-19

How to Buy a Home During COVID-19

With most of the country, including most of Utah, on shelter-in-place orders due to the outbreak of the COVID-19 virus, the homebuying process has undergone plenty of changes for those still looking to get into a home of their own. Buyers, sellers, and real estate agents have had to make adjustments for the safety of all. If you are in the midst of your home search or ready to start, here’s what you need to know about buying a home during this challenging coronavirus environment.   Virtual Shopping and Viewing Agents and sellers have had to get creative during this time ...

April 8th, 2020 | Home Buying or Selling, Mortgage News, How to Buy a Home During COVID-19

Blog Image: Can a Higher Interest Rate Actually be a Better Choice?

Can a Higher Interest Rate Actually be a Better Choice?

Mortgage interest rates are near record lows again. This can mean great deals for homebuyers and great savings for homebuyers. Some lenders will even start advertising rates that are at least a half-point lower than the average national rate. Buyers and refinancers should be aware that these ultra-low rate deals come with strings attached. In some cases, it may actually be better to choose a higher rate option. Here’s what you need to know:   Points In order to get some of these rock-bottom rate deals, borrowers are often required to pay discount points to the lender. One poi...

March 27th, 2020 | Interest Rates, Refinance, Home Buying or Selling, Homeowner Tips, Can a Higher Interest Rate Actually be a Better Choice?

Blog Image: Should You Buy a Second Home as Your First Home?

Should You Buy a Second Home as Your First Home?

There is a new trend catching on among younger urban residents: renting in the city and buying a vacation home as their first house purchase. This unconventional approach to first-time homebuying is one way for these buyers to achieve homeownership and all its benefits when they are priced out of their own market. Real estate prices in most major U.S. cities are rising so high that it is virtually impossible for young professionals to start their home-owning journey within city limits. The creative solution of buying a vacation home while renting a primary residence in the city allows buyer...

February 12th, 2020 | Home Buying or Selling, First-time Homebuyers, Should You Buy a Second Home as Your First Home?

Blog Image: What Costs Can I Expect as a Home Seller?

What Costs Can I Expect as a Home Seller?

When you bought your house, the fees you paid included the closing costs for your mortgage, your down payment, and maybe some mortgage points. Now that you are ready to sell, there are a few more costs that you need to anticipate. In fact, according to Realtor.com, sellers often pay between 6% -10% of the sale price in fees and commissions.   Real Estate Agent Commission Fees It is customary for home sellers to pay both the seller’s and the buyer’s real estate agent commission fees out of the proceeds of the sale. The standard rate is 3% for each, totally 6% of the sale...

January 15th, 2020 | Homeowner Tips, Home Buying or Selling, What Costs Can I Expect as a Home Seller?

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