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Mortgage Blog

Advanced Funding Home Mortgage Loans' weekly Utah mortgage blog is chock full of mortgage advice, tips, and the latest Utah mortgage and housing news. Whether you're considering a Utah refinance mortgage or the purchase of a new home in Salt Lake City or surrounding areas, we have the information and expertise to assist you in preparing for your homeowner journey. Our mission is to help you better understand how a mortgage in Salt Lake City  works, so that you can make decisions that will maximize your savings, qualify you for the amount you desire, and avoid costly missteps. And when the time comes to begin the loan process we will be here to assist you throughout the entire mortgage process.
 

Great Ways to Enjoy Home Buying in Utah

Utah house hunting more often resembles a marathon than a sprint. On occasion, the house of your dreams may just fall into your lap. But according to data from the National Association of Realtors, the typical home buyer searches for 10 weeks and views nearly one dozen homes. Patience and endurance are key to keeping your “eyes on the new home prize.” Here are two great ways to a stress-less home buying journey: Be flexible. Your new home checklist may include the perfect location, a quick commute, top notch schools, a newly updated kitchen and of course, mesmerizing c...

May 25th, 2015 | Home Buying Tips, Great Ways to Enjoy Home Buying in Utah

What Drives Utah Mortgage Rates?

When you’re buying a home or refinancing, Utah mortgage rates can often seem pretty mysterious. They can move up and down each day —sometimes changing several times in just one day!  Here’s why: Mortgage rates are highly dependent on economic news. In many cases, good news for the economy is often bad news for interest rates. Know those reports that the government issues each month to gauge economic activity? Each of those can affect mortgage rates. One of the most influential is the employment data released monthly by the Bureau of Labor Statistics. Mortgage rat...

May 20th, 2015 | Interest Rates, What Drives Utah Mortgage Rates?

Distressed Properties 101

Ever hear the terms REO, bank-owned, short sale or HUD home? And have you even wondered what the heck all those terms mean? Here are some definitions used to describe common types of distressed properties: Foreclosure: This refers to the process of a lender taking possession of a property from an owner who isn’t paying their mortgage as promised. After the process of foreclosure is completed and the homeowner has left, the property is offered for sale at auction. REO or bank owned: The terms REO – short for the term “real-estate owned” – and “bank-owne...

May 4th, 2015 | Distressed Properties, Distressed Properties 101



Your Local Utah Mortgage Broker

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

Utah VA LOAN ADVANTAGE

Veterans Affairs mortgages, better known as VA loans, make it easier for veterans to get financing to buy a home. Utah VA loans usually do not require a down payment and are available to military veterans and active military members. The Utah VA mortgage remains one of the few mortgage options for borrowers who don’t have the money for a down payment. VA loans are somewhat easier to qualify for than conventional mortgages. It offers a great benefit to those who are serving or have served our country.

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

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