801-272-0600
nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

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

Should I Pay Off My Utah Home Mortgage Before Retirement?

As you near retirement, you may be anxious to completely pay off your Utah home mortgage and be debt-free before your traditional income stops. In most cases, this is the best plan but there are situations when holding on to your mortgage into retirement may make more sense.   Why You Should Pay Off Your Mortgage Being debt-free as you start retirement can make the transition to a fixed-income much smoother. Those who do not have their mortgage paid off yet sometimes have to dip into their investments to make their payments. That can result in higher taxes and fewer reserves f...

December 5th, 2018 | Reverse Mortgages, Refinance, Retirement, Should I Pay Off My Utah Home Mortgage Before Retirement?

What is a Reverse Mortgage?

In the past decade, reverse mortgages have gained a lot of traction as a retirement tool. And yet, many people still do not understand reverse mortgages or their purpose. If you are one of those people, here’s what you need to know:   What Is It? A reverse mortgage is a loan that allows homeowners to use the equity in their home without having to make monthly repayments. While there are some risks and downsides, using a reverse mortgage can be a helpful financial strategy for seniors.   How Does It Work? After being approved, the borrower gets either a lump sum fr...

October 24th, 2018 | Reverse Mortgages, Retirement, Loan Programs, What is a Reverse Mortgage?