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Mortgage BLOG

Advanced Funding Home Mortgage Loans' mortgage blog is chock full of mortgage loan advice, tips, and the latest mortgage and housing news. Whether you're considering a Utah refinance or thinking of buying a home. We have the experience and expertise to assist you as you prepare for your homeowner journey. Our mission is to help you understand how the mortgage loan process works so that you can make decisions that will maximize your savings, qualify you for the amount you desire, and avoid costly missteps.

 

Things You Shouldn’t Do Before Applying for a Mortgage in Utah

If you’re getting ready to buy a home, there are a lot of things you should do, such as getting pre-approved for a Utah mortgage loan. But there are also a few things you don’t want to do. Change your job. Now is not the right time to become self-employed, to quit your job or to even switch jobs. Utah mortgage brokers want to see job stability, which means you’re less likely to default on your loan. Co-sign on a loan. Even if you’re not the one who will be making the payments on a loan, if you’re a co-signer, you’re financially responsible fo...

April 30th, 2015 | Home Buying Tips, Things You Shouldn’t Do Before Applying for a Mortgage in Utah

Inexpensive Ways to Get Your Home Ready to Sell in Utah

You want to sell your Utah home, but you don’t have a lot of money to invest in repairs and upgrades before it hits the market. You’re in luck! There’s a lot you can do to make your home more inviting to potential buyers that don’t cost a fortune. Here are some fairly inexpensive steps you can take before you list your home: Clean the carpets. Investing in a professional carpet cleaning can be a great move, especially if you have small children and pets. Stained carpets aren’t exactly aesthetically appealing, and carpets can harbor all kinds of odors. Make s...

April 20th, 2015 | Home Renovation, Home Selling Tips, Inexpensive Ways to Get Your Home Ready to Sell in Utah

Distressed Properties: What’s Changed for Home Buyers

Interested in buying a distressed property in Salt Lake City? You’ll still find these types of homes on the market. But there are definitely fewer bank-owned properties and short sales available for sale today than there were a couple of years ago. Beyond a smaller supply of available properties, here’s what else has changed for home buyers: Discounts aren’t as deep. Foreclosures are selling for less of a discount than in the past – in general, between 12 percent and 16 percent off-market prices compared with discounts of 20 percent or more in the past. That’s ...

April 16th, 2015 | Home Buying Tips, Distressed Properties, Distressed Properties: What’s Changed for Home Buyers

Appraisal Anxiety Have You Down? Here’s How to Cope

If you’re buying or selling a home in Utah, you may be worried about the appraisal. What should you do if the appraisal comes up short? Here are some options for both buyers and sellers: For Sellers: Walk away. If the appraised value comes in lower than what a buyer is willing to pay, that buyer may want you to lower your price. You can do that, or you can walk away and put the property back on the market with hopes that a new buyer, new lender and new appraiser could yield different results. There is a chance, of course, you’ll end up in the same situation. Order a new ap...

April 12th, 2015 | Appraisals, Appraisal Anxiety Have You Down? Here’s How to Cope

The Most Common Homebuying Mistakes

In the market for a new home? You’ll want to avoid these common mistakes made by first-time buyers – and even those who already have purchased a home or two before. Shopping before getting pre-approved. Without consulting with mortgage companies in Utah first, you aren’t going to know how much house you can afford. And if you find a home you want to buy, sellers in today’s market may disregard your offer if you aren’t pre-qualified by a Utah mortgage broker. Looking for homes on your own. Tap the experience and knowledge of a good Realtor. Esp...

April 8th, 2015 | Home Buying Tips, The Most Common Homebuying Mistakes

The Benefits of a 203K Home Renovation Loan

Have you heard about the FHA 203K home renovation loan? This innovative loan program is designed to make it much easier to purchase a home in Salt Lake City that needs a lot of repair work or updating. With a 203K loan, home buyers are able to take out one loan for the purchase and improvement of a property. As with the popular FHA Utah home loan program, borrowers can make only a minimal downpayment. Another plus: With only one loan, there’s only one set of closing costs. And once the loan closes, the homeowner then has the funds to immediately begin repair or renovati...

April 5th, 2015 | Home Renovation, FHA Loans, The Benefits of a 203K Home Renovation Loan

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Your Mortgage Broker

As a mortgage broker, we work with several Utah mortgage lenders, enabling us to offer you a variety of Utah mortgages at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more Utah home loans to help you achieve your goals. Whether you're buying a home or refinancing your current home, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies, Advanced Funding Home Mortgage Loans offers a variety of Utah mortgages and refinances. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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