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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Can I Refinance with Bad Credit?

Mortgage interest rates have tumbled in recent months, making refinancing more appealing than ever. As of the latest Mortgage Bankers Association survey, refinance request volume is up 180% over last year. There may be some Utah homeowners who would like to take advantage of the interest rate savings but worry they may not qualify because of poor credit. If you are part of this crowd, here are several ways to make refinancing a reality:   Learn Your Options Start with an open discussion with a Utah mortgage broker. Let them know you do not have the best credit but that you wou...

October 9th, 2019 | Refinance, Credit and Debt, Can I Refinance with Bad Credit?

How To Consolidate Debt with a Refinance Loan

Americans have a lot of debt. As of mid-2019, U.S. borrowers owed a total of $1.4 trillion in student loans and another $1.07 trillion in consumer credit card debt. And then, of course, there’s the $1.28 trillion in auto loan debt. Add in first and second mortgages, home equity loans, boat and RV loans, medical bills, and personal loans and it's clear that many Americans, are carrying a heavy debt burden. If you are a homeowner and fall into that category, you might consider consolidating your debts by refinancing your Utah mortgage.   What is Consolidating? Consolidating...

August 21st, 2019 | Homeowner Tips, Refinance, How To Consolidate Debt with a Refinance Loan

Can I Refinance Without Closing Costs?

Mortgage refinance loans require fees and closing costs. Is there a way around those fees? Is it possible to refinance without paying closing costs? The answer is yes, although the rest of your loan will be affected. The typical fees associated with refinance loans include mortgage lender fees and third-party fees. Lenders fees consist of things like origination (Advanced Funding does not charge this fee), processing, and underwriting. Some no-cost refinance programs have the lender pay for all these fees but still require the borrower to pay for third-party costs. Those are made up of...

June 26th, 2019 | Saving Money, Refinance, Homeowner Tips, Can I Refinance Without Closing Costs?

What are the Benefits of a VA Streamline Refinance?

Do you want to take advantage of lower interest rates? Or maybe there’s some merit to changing your mortgage term. Perhaps you’d like to take advantage of either benefit but haven’t done it yet because you owe more on your home than it’s worth. A Utah VA Streamline could help. The VA Streamline allows clients with an existing VA loan the financial flexibility to lower their interest rate or change their term even if they have little to no equity. The formal name of this mortgage option is Interest Rate Reduction Refinance Loan (IRRRL) and you might also see it referr...

March 25th, 2019 | VA Loans, Refinance, What are the Benefits of a VA Streamline Refinance?

Should I Refinance? Costs and Benefits of a Utah Refinance

Your mortgage can be a very powerful financial tool that can help you in a variety of situations. The major way you take advantage of the built-up equity and other financial power is by refinancing your home. But when should you do it? Are there any downsides? The answers to these questions really depend on your goals and what you hope to get out of the Utah refinance. In this post, we’ll go over several scenarios where you might refinance and how to determine if it’s right for you.   Why Should I Refinance My Mortgage? There are a lot of reasons you might ...

March 12th, 2019 | Refinance, Should I Refinance? Costs and Benefits of a Utah Refinance

4 Ways to Lower Your Mortgage Payment

Your home is probably your largest asset and your mortgage payment is more than likely one of your largest expenses each month. When looking at these numbers do you feel like your monthly mortgage payment is too high? If so, here’s a few ways to lower your monthly payment on your house.   Remove Private Mortgage Insurance (PMI) Home values have risen dramatically over the past few years. If your original down payment was less than 20%, you’re probably paying PMI. Your home could have enough equity to refinance and remove your monthly PMI payments which could save y...

March 10th, 2019 | Refinance, Saving Money, 4 Ways to Lower Your Mortgage Payment

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