801-272-0600
nathan@advancedfunding.com
Apply Now
Secure Doc Upload

Advanced Funding Logo

Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

Blog Image: How are Mortgage Interests Rate Determined?

How are Mortgage Interests Rate Determined?

Getting the very lowest interest rate is usually top priority for most home loan seekers but mortgage rates can vary widely from day to day and year to year. They are influenced by international and domestic market changes as well as an individual borrower’s financial details and loan packages. In order to get the best rate, it is essential to understand all the factors that determine mortgage interest rates.   The Federal Reserve and 10-year Treasury Bond Yield The general range for mortgage rates at any particular time is heavily influenced by the world and U.S. financial...

August 5th, 2020 | Interest Rates, Mortgage Basics, How are Mortgage Interests Rate Determined?

Blog Image: What is an ARM loan?

What is an ARM loan?

While fixed-rate loans are one of the most popular choices for mortgage loans, there is another choice: the adjustable-rate mortgage or ARM loan. If you’ve ever wondered what an ARM loan is or why anyone would want one, here is what you need to know:   ARMs Defined An adjustable-rate mortgage is a type of home loan with a short fixed-rate period, after which the interest rate is allowed to adjust periodically based on certain market indexes.   How an ARM Works An ARM loan comes with an initial low-rate period of anywhere from one to ten years. During that time, yo...

June 17th, 2020 | Interest Rates, Loan Programs, What is an ARM loan?

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: 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: How Does the Stock Market Affect Mortgage Rates?

How Does the Stock Market Affect Mortgage Rates?

When there are dramatic swings in the stock market, you may wonder how mortgage interest rates will be affected. What is the relationship between mortgage rates and stock prices? Do they move together or in opposite directions?   Stocks and Mortgage Rates Both Mimic the Economy While the stock market is not directly related to mortgage rates, both are based on the basic movement of the economy.  When things are going swimmingly, both stock prices and mortgage rates tend to rise. They both generally fall when the economy is faltering. When investors are concerned about national...

September 4th, 2019 | Interest Rates, Mortgage Basics, How Does the Stock Market Affect Mortgage Rates?

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

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?

Pages: 1 2 3 4 5 Next >