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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Should You Buy an Investment Property?

Real estate can be a very profitable source of investment. Property values generally rise over time, giving owners equity and rental income at the same time. Owning a Utah investment property is not without risks and challenges though. There are several factors to consider in deciding whether an investment property is right for you.   Pros Investment properties can provide many financial benefits. They can produce a steady, fixed stream of income for you and plenty of equity should you decide to sell down the road. In addition to increasing equity over time, rental properti...

August 14th, 2019 | Home Buying or Selling, Should You Buy an Investment Property?

What’s More Important: Lower Home Prices or Mortgage Rates?

When buying a home, there are several factors that affect how much mortgage you can afford. Two of the most important are the property prices and current mortgage interest rates. Is it better to search for the absolute lowest rate or is it more helpful to choose a less-expensive home? Here’s how the two factors are related and how to make the right choice.   Mortgage Rate/Home Price Relationship Since higher mortgage rates make homebuying more expensive for buyers, you might think that home prices would tend to fall during high rate climates in order to compensate for those c...

July 31st, 2019 | Home Buying or Selling, Interest Rates, What’s More Important: Lower Home Prices or Mortgage Rates?

Energy Efficient Mortgage Program

The federal government has aimed to help increase homeownership for decades. One of the Federal Housing Administration’s many programs to help Americans, including those in Utah, in their homeownership dreams is the Energy Efficient Mortgage program (EEM). Many homes, especially older ones, could be much more affordable if they were updated to be more energy efficient. The EEM allows borrows to make those updates and save money as new homeowners. The Department of Housing and Urban Development (HUD) first created the Energy Efficient Mortgage program in 1992 and piloted it in fiv...

July 17th, 2019 | FHA Loans, Saving Money, Home Buying or Selling, Energy Efficient Mortgage Program

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?

5 Tips for Buying an Investment Property in Utah

Adding real estate to your investment portfolio can be a great asset… if done correctly. Buying a property to flip or rent out has different mortgage requirements than a primary residence. There are always hidden costs that need to be anticipated as well. If you are interested in taking on an investment property in Utah, here are five tips for making it a successful venture.   1. Determine the Right Property Type and Area Picking the right property is crucial to your success. If you are buying a rental home, you need to decide what type of renters you want to attract. Find o...

June 19th, 2019 | Home Buying or Selling, Retirement, 5 Tips for Buying an Investment Property in Utah

What is a Physician Loan?

Medical professionals often earn salaries far above the average American salary, and yet most come out of school with hefty student loans to repay. Such high debt loads would normally disqualify them from obtaining mortgage loans for several years. Thanks to Physician Loans in Utah, many new doctors, surgeons, dentists, veterinarians, and even medical residents can buy a home without the wait.   What is it? A Physician Loan is designed for medical professionals who are or will be earning very high salaries but still have huge amounts of student debt. Mortgage lenders would not gene...

May 29th, 2019 | Home Buying or Selling, Loan Programs, What is a Physician Loan?

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