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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: Should I Refinance into a 15-year Mortgage Now?

Should I Refinance into a 15-year Mortgage Now?

Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying off your mortgage loan faster though. Is refinancing into a shorter loan a good idea right now too?   Interest Savings A 15-year fixed-rate home loan is a popular option for borrowers looking to be mortgage-free sooner. These shorter loans come with even lower interest rates than 30-year mortgages, allowing homeowners to save thousands in interest. For example, for a borrower with a home valued at $300,000 with a 2...

August 26th, 2020 | Saving Money, Interest Rates, Refinance, Should I Refinance into a 15-year Mortgage Now?

Blog Image: 5 Strategies for Paying Your Mortgage Off Early

5 Strategies for Paying Your Mortgage Off Early

Whether you want to save on interest payments, avoid debt in retirement or just feel the thrill of complete ownership, there are plenty of reasons to pay off your mortgage loan early. Yet because a house is typically the largest purchase most Americans make, an early pay-off may seem impossible. Instead of choking on that enormous goal, here are five bite-size strategies to help you succeed little by little. Make One Extra Payment Per year If you can make 13 payments a year instead of 12 you can shorten your mortgage by years. You could consider putting your entire tax refund or any an...

March 4th, 2020 | Saving Money, Refinance, 5 Strategies for Paying Your Mortgage Off Early

Blog Image: 5 Strategies for Paying Your Mortgage Off Early

5 Strategies for Paying Your Mortgage Off Early

Whether you want to save on interest payments, avoid debt in retirement or just feel the thrill of complete ownership, there are plenty of reasons to pay off your mortgage loan early. Yet because a house is typically the largest purchase most Americans make, an early pay-off may seem impossible. Instead of choking on that enormous goal, here are five bite-size strategies to help you succeed little by little.   1. Make One Extra Payment Per Year If you can make 13 payments a year instead of 12 you can shorten your mortgage by years. You could consider putting your entire tax refund ...

February 5th, 2020 | Saving Money, Refinance, Retirement, 5 Strategies for Paying Your Mortgage Off Early

Blog Image: Why NOT to Pay Off Your Mortgage Early

Why NOT to Pay Off Your Mortgage Early

Your mortgage payment is likely the biggest one you make each month. The thought of getting rid of that payment sooner and saving on some of the interest payments can be very attractive. However, there are plenty of trade-offs when you start diverting much of your disposable income toward extra mortgage payments. Here are several reasons why it may not be in your best interest to pay off your mortgage early.   Lost Investment Income In order to pay off a mortgage earlier than the traditional 30- or 15-year terms, you will have to devote a significant part of your monthly income on ...

January 29th, 2020 | Saving Money, Lifestyle, Homeowner Tips, Why NOT to Pay Off Your Mortgage Early

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: 6 Tips to Get a Rock-Bottom Home Loan Payment

6 Tips to Get a Rock-Bottom Home Loan Payment

Buying a home can be an overwhelming process, especially if it is your first time.  It can be easy to get swept along in the process without stopping to make sure you are getting the best deal on your mortgage payment. There are at least six ways to ensure that at the end of the homebuying adventure you end up with the absolute possible lowest home loan payment.   Negotiate for the Lowest Interest Rate Once you have been approved for a mortgage, you will be offered a mortgage interest rate by your lender. That rate can sometimes be negotiated. Your lender may suggest ways yo...

December 11th, 2019 | Home Buying or Selling, Refinance, Mortgage Basics, Homeowner Tips, Saving Money, 6 Tips to Get a Rock-Bottom Home Loan Payment

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