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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

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: Is Applying for Mortgage Online a Good Idea?

Is Applying for Mortgage Online a Good Idea?

You can do pretty much everything on the Internet today, including apply for mortgage financing. Just because something is digital, does that automatically mean it’s better? There are several factors to consider when deciding between applying online or in person. Because the Millennial generation is now at the prime age for homebuying, their preferences are influencing the mortgage industry. The National Association of Realtors reports that in 2018, millennials bought more homes in the U.S. than any other generation. This age group grew up with computers and the Internet and they love...

February 19th, 2020 | Lifestyle, Mortgage News, Mortgage Basics, Is Applying for Mortgage Online a Good Idea?

Blog Image: FHFA Announces Maximum Conforming Loan Limits for 2020

FHFA Announces Maximum Conforming Loan Limits for 2020

Fannie Mae and Freddie Mac Conventional Loan Limit Will Increase to $510,400 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020. In most of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, an increase from $484,350 in 2019.   Baseline Limit The Housing and Economic Recovery Act (HERA) requires that the baseline conventional loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the...

November 26th, 2019 | Conventional Loans, Mortgage News, Loan Programs, FHFA Announces Maximum Conforming Loan Limits for 2020

Blog Image: Happy Thanksgiving

Happy Thanksgiving

We would like to thank all of our customers and wish them a Happy Thanksgiving. We are so grateful for your business and most importantly your friendship. Please remember if you are traveling, to be safe.

November 21st, 2019 | Lifestyle, Mortgage News, Happy Thanksgiving

Blog Image: Toughest Cities to Get a Mortgage

Toughest Cities to Get a Mortgage

Although overall U.S. mortgage application approvals are near record highs - just one in ten applicants is denied nationally - there are some places where it’s much harder to get a home loan. According to LendingTree, Miami ranked number one on the list of cities where borrowers are most likely to be denied a mortgage loan, with an 11.6% denial rate. Florida cities hold the top four spots, with Orlando, Tampa, and Jacksonville next on the list. Minneapolis, Minnesota is the place where borrowers are most likely to be approved for home loans, with a denial rate of just 4.6%. Salt ...

October 25th, 2019 | Mortgage News, Toughest Cities to Get a Mortgage

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